International Entrepreneurship Pre-Test
Questions
Course Introduction
International Entrepreneurship explores the processes and strategies involved in identifying, evaluating, and pursuing entrepreneurial opportunities across national borders. The course examines the unique challenges faced by entrepreneurs in the global marketplace, including cultural, economic, legal, and political influences on new venture creation and growth. Students will gain insights into international market entry strategies, cross-cultural management, global business models, and the role of innovation and technology in international entrepreneurship. Through case studies, project work, and practical examples, learners will develop the skills necessary to launch and manage ventures in a dynamic and interconnected world economy.
Recommended Textbook
Global Business 3rd Edition by Mike Peng
Available Study Resources on Quizplus
17 Chapters
1326 Verified Questions
1326 Flashcards
Source URL: https://quizplus.com/study-set/324
Page 2
Chapter 1: Globalizing Business
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5386
Sample Questions
Q1) Which of the following would be an example of a product undergoing reverse innovation on the global economic pyramid?
A) Triad nation to Triad nation
B) Triad nation to second tier nation
C) Second tier to base tier nation
D) Base tier nation to Triad nation
Answer: D
Q2) Which of the following is true of globalization according to the "pendulum view" perspective?
A) Globalization is being interrupted by artificial barriers to the flows of goods, services, capital, and knowledge.
B) Globalization is a Western ideology focused on exploiting and dominating the world through MNEs.
C) Globalization is a not a one-directional phenomenon.
D) Globalization is a recent phenomenon of human trade.
Answer: C
To view all questions and flashcards with answers, click on the resource link above.
3
Chapter 2: Understanding Formal Institutions: Politics, Laws, and Economics
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5387
Sample Questions
Q1) In a command economy,all factors of production should be government-owned or state-owned.
A)True
B)False
Answer: True
Q2) The key role of institutions is to _____ in business transactions.
A) reduce uncertainty
B) increase normative limits
C) increase opportunism
D) reduce resource costs
Answer: A
Q3) Outline the differences between democracy and totalitarianism.
Answer: Democracy is a political system in which citizens elect representatives to govern the country on their behalf.A fundamental aspect of democracy that is relevant to the effective conduct of global business is an individual's right to freedom of expression and organization.Democracy was pioneered in Athens in ancient Greece.Totalitarianism is a political system in which one person or party exercises absolute political control over the population.A totalitarian regime can also be known as a dictatorship.
To view all questions and flashcards with answers, click on the resource link above. Page 4
Chapter 3: Emphasizing Informal Institutions: Cultures, Ethics, and Norms
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5388
Sample Questions
Q1) A firm that has adopted an accommodative strategy for ethical challenges in business _____.
A) accepts responsibility and does all that is required
B) denies responsibility and does less than required
C) admits responsibility but does the least that is required
D) anticipates institutional changes and does more than is required
Answer: A
Q2) _____ refers to the extent to which members in a culture tolerate ambiguous situations.
A) Uncertainty avoidance
B) Lingua franca
C) Ethnocentrism
D) Long-term orientation
Answer: A
Q3) Which of the following perspectives describes ethical imperialism?
A) It is a perspective that each firm should cultivate its own ethics.
B) It is a perspective that there is only one set of ethics.
C) It is a perspective that ethical standards are relative.
D) It is a perspective that ethical standards can never be codified.
Answer: B
Page 5
To view all questions and flashcards with answers, click on the resource link above.
Chapter 4: Leveraging Resources and Capabilities
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5389
Sample Questions
Q1) According to the VRIO framework,non-value-adding resources and capabilities will lead to _____ for a firm.
A) a temporary competitive advantage
B) a competitive parity
C) a sustained competitive advantage
D) a competitive disadvantage
Q2) Activities with high levels of commoditization should be performed in-house to increase competitiveness.
A)True
B)False
Q3) The value chain exclusively deals with a firm's primary activities.
A)True
B)False
Q4) The resource-based view is developed on the insight that competitors do not share certain resources and capabilities specific to one's firm.
A)True
B)False
Q5) Illustrate with examples the difference between OEMs,ODMs,and OBMs.
Q6) Articulate the benefits of offshoring.
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: Trading Internationally
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5390
Sample Questions
Q1) Which of the following can be considered as an economic argument against free trade?
A) National security
B) Foreign policy
C) Consumer protection
D) Infant industry
Q2) Deadweight costs occur in an economy as a result of VER.
A)True
B)False
Q3) Classical theories assume no foreign exchange complications.
A)True
B)False
Q4) _____ are government payments to domestic firms.
A) Tariffs
B) Subsidies
C) Quotas
D) Trade embargoes
Q5) Discuss the economic arguments against free trade.
Q6) Elaborate on Michael Porter's "diamond" theory.
Q7) Discuss the political arguments against free trade.
To view all questions and flashcards with answers, click on the resource link above. Page 7
Chapter 6: Investing Abroad Directly
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5391
Sample Questions
Q1) _____ refers to the deal struck by MNEs and host governments,which change their requirements after the initial FDI entry.
A) Obsolescing bargain
B) Integrative bargain
C) Automated bargain
D) Ongoing bargain
Q2) Capital inflow can help improve a host country's balance of payments.
A)True
B)False
Q3) An FDI investment is not considered a zero-sum game.
A)True
B)False
Q4) Intrafirm trade enables MNEs to better coordinate cross-border activities.
A)True
B)False
Q5) Domestic transaction costs tend to be higher than international transaction costs.
A)True
B)False
Q6) Describe the process of obsolescing bargain between MNEs and governments.
Page 8
To view all questions and flashcards with answers, click on the resource link above.
Chapter 7: Dealing with Foreign Exchange
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5392
Sample Questions
Q1) Proponents of fixed exchange rates believe that market forces should take care of supply,demand,and price of any currency.
A)True
B)False
Q2) An appreciation is an increase in the value of the currency whereas a depreciation is a loss in the value of the currency.
A)True
B)False
Q3) Proponents of fixed exchange rates argue that fixed exchange rates impose monetary discipline by preventing governments from engaging in inflationary monetary policies.
A)True
B)False
Q4) A country highly productive in manufacturing typically generates a merchandise trade deficit.
A)True
B)False
Q5) What determines the success and failure of currency management around the globe?
Page 9
Q6) Briefly explain the cause for the fall of the Bretton Woods System.
To view all questions and flashcards with answers, click on the resource link above.
Chapter 8: Capitalizing on Global and Regional Integration
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5393
Sample Questions
Q1) TRIPS is a WTO agreement governing the international trade of services.
A)True
B)False
Q2) In a(n)____,members coordinate and harmonize monetary,fiscal,and taxation policies.
A) customs union
B) common market
C) economic union
D) free trade area
Q3) CAFTA refers to _____.
A) a regional integration mechanism integrating two existing customs unions (Andean Community and Mercosur) in South America
B) a free trade agreement between the United States and five Central American countries and the Dominican Republic
C) a proposed free trade area for the entire Western Hemisphere
D) a proposed customs union between nations that are present near the Pacific Ocean
Q4) Discuss the formation of GATT and the issues that precipitated the formation of the WTO (Post GATT).
To view all questions and flashcards with answers, click on the resource link above.
Chapter 9: Growing and Internationalizing the Entrepreneurial Firm
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5394
Sample Questions
Q1) Domestic transaction costs are qualitatively higher than international transaction costs.
A)True
B)False
Q2) Entrepreneurial opportunities exist to lower transaction costs and bring distant groups of people,firms,and countries together.
A)True
B)False
Q3) Family background and educational attainment correlate with entrepreneurship.
A)True
B)False
Q4) Identify and explain the dilemma behind transaction costs and international entrepreneurial opportunities.
Q5) Both formal and informal institutional constraints,as rules of the game,affect entrepreneurship.
A)True
B)False
Q6) Explain the concept of microfinance.
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: Entering Foreign Markets
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5395
Sample Questions
Q1) Greenfield operations are a type of wholly owned subsidiary that does not require any FDI.
A)True
B)False
Q2) Which of the following is a non-equity mode of entry?
A) Acquisitions
B) Joint ventures
C) Turnkey projects
D) Green-fields
Q3) Industrial parks refer to the clustering of economic activities in certain locations.
A)True
B)False
Q4) Which of the following is an advantage shared by both greenfield operations and acquisitions?
A) Protection of know-how
B) Fast entry speed
C) Add new capacity to industry
D) Low development costs
Q5) How do foreign firms crack new markets against strong local competition?
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: Managing Global Competitive Dynamics
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5396
Sample Questions
Q1) A price leader is a firm that ____ in the industry.
A) sets the highest prices and has a low market share
B) sets the lowest prices
C) sets acceptable prices and has a dominant market share
D) sets the globally consistent price
Q2) ____ is an attack on a competitor's other markets if this competitor attacks a firm's original market.
A) Cross-market retaliation
B) Market commonality
C) Multimarket dependency
D) Mutual forbearance
Q3) Tacit collusions typically lead to a cartel or trust.
A)True
B)False
Q4) Firms whose units are loosely controlled are better mutual forbearers than more centrally coordinated firms.
A)True
B)False
Q5) Define predatory pricing.Why is it difficult to win a domestic predation case in the United States?
13
To view all questions and flashcards with answers, click on the resource link above.
Chapter 12: Making Alliances and Acquisitions Work
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5397
Sample Questions
Q1) The alliance dissolution is a four-step process.
A)True
B)False
Q2) At which stage in the formation of alliance must a firm decide whether to take a contract or an equity approach?
A) Stage 1
B) Stage 2
C) Stage 3
D) Stage 4
Q3) Equity alliance relationships tend to have less direct control over joint activities on a continual basis than contractual relationships.
A)True
B)False
Q4) Antitrust authorities provide easy approvals for both alliances and acquisitions with less intervention.
A)True
B)False
Q5) Discuss few ways of improving the odds for acquisition success.
Q6) Describe the stages in the formations of alliances.
Page 14
To view all questions and flashcards with answers, click on the resource link above.
Chapter 13: Strategizing,Structuring,and Learning around the World
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5398
Sample Questions
Q1) In the context of the customer-focused dimension of a global matrix,the _____ structure supplies customers in a coordinated and consistent way across various countries.
A) solutions-based
B) open innovation
C) global account
D) social capital
Q2) Cost pressures often push MNEs to adapt locally.
A)True
B)False
Q3) ____ is the informal benefits individuals and organizations derive from their networks.
A) Social capital
B) Micro-macro link
C) Absorptive capacity
D) Global mandate
Q4) Explain the reciprocal relationship between multinational strategy and structure.
Q5) MNEs do face a few issues with respect to knowledge management.Elaborate on these issues and the possible ways to combat them.
To view all questions and flashcards with answers, click on the resource link above. Page 15
Chapter 14: Competing on Marketing and Supply Chain Management
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5399
Sample Questions
Q1) _____ refers to a philosophy or way of thinking that places the highest priority on the creation of superior customer value in the marketplace.
A) Market orientation
B) Societal orientation
C) Relationship orientation
D) Sales orientation
Q2) Agility focuses on flexibility that can overcome short-term fluctuation in the supply chain.
A)True
B)False
Q3) Localization is appealing,but expensive.
A)True
B)False
Q4) The two key elements to achieve alignment are power and _____.
A) agility
B) promotion
C) aggregation
D) trust
Page 16
Q5) Elaborate on the major concerns faced by MNEs doing business around the world.
Q6) List a few do's and don'ts to avoid blunders in international marketing.
To view all questions and flashcards with answers, click on the resource link above.
Page 17
Chapter 15: Managing Human Resources Globally
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5400
Sample Questions
Q1) What are the problems related with inpatriation?
Q2) Performance appraisal only entails the evaluation of employee performance for performance.
A)True
B)False
Q3) In countries with a high context culture,younger expatriates may be ineffective.
A)True
B)False
Q4) What are the potential issues that arise during repatriation?
Q5) An MNE with transnational strategy typically staffs host-country nationals.
A)True
B)False
Q6) Which of the following is an advantage of hiring parent-country nationals (PCNs)?
A) Increases opportunities for HCNs
B) Opportunities for host-country nationals will be abundant.
C) Adaptation will take lesser time.
D) Managers are given international experience.
Q7) Identify different staffing approaches for subsidiaries.
Q8) How do institutions and resources affect human resource management?
To view all questions and flashcards with answers, click on the resource link above. Page 18
Chapter 16: Financing and Governing the Corporation
Globally
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5401
Sample Questions
Q1) Corporations in the United States and the United Kingdom rely mostly on _____.
A) voice-based, internal mechanism
B) bank-oriented, network-based systems
C) bank-oriented, high-tension systems
D) exit-based, external mechanism
Q2) Managers need to develop firm-specific capabilities to differentiate a firm on governance dimensions and corporate finance.
A)True
B)False
Q3) Equity capital invested in non-public companies is called _____.
A) preferred equity
B) common equity
C) shared equity
D) private equity
Q4) The conflicts between controlling shareholders and minority shareholders are called
A) owner-manager conflicts
B) agent-agent conflicts
C) principal-agent conflicts
D) principal-principal conflicts
To view all questions and flashcards with answers, click on the resource link above. Page 19
Chapter 17: Managing Corporate Social Responsibility
Globally
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/5402
Sample Questions
Q1) _____ firms often build alliances with stakeholder groups.
A) Accommodative
B) Reactive
C) Defensive
D) Proactive
Q2) A _____ is a set of written policies and standards outlining the proper practices for a firm.
A) code of point
B) code of defense
C) code of legitimacy
D) code of conduct
Q3) A reactive strategy is indicated by relatively little or no support by top management of CSR causes.
A)True
B)False
Q4) Top management at a reactive firm not only supports and champions CSR activities,but also views CSR as a source of differentiation that permeates throughout the corporate DNA.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 20