International Management Exam Solutions
Course Introduction
International Management explores the strategies, structures, and operations of organizations operating in a global context. This course examines how cultural, economic, legal, and political differences impact managerial decision-making across borders, focusing on topics such as cross-cultural communication, global sourcing, international human resource management, and the adaptation of business practices to diverse environments. Students will gain insights into the complexities of managing multinational enterprises, learn how to navigate global risks and opportunities, and develop skills necessary for effective leadership in international settings.
Recommended Textbook
International Business The Challenges of Globalization 5th Edition by John J. Wild
Available Study Resources on Quizplus
16 Chapters
3050 Verified Questions
3050 Flashcards
Source URL: https://quizplus.com/study-set/2032
Page 2
Chapter 1: Globalization
Available Study Resources on Quizplus for this Chatper
213 Verified Questions
213 Flashcards
Source URL: https://quizplus.com/quiz/40384
Sample Questions
Q1) Some businesses can become completely immune to all events in the international business environment.
A)True
B)False
Answer: False
Q2) E-business (e-commerce) is the use of computer networks to purchase, sell, or exchange products, service customers, and collaborate with partners.
A)True
B)False
Answer: True
Q3) Opponents to globalization argue that it ________.
A) eliminates jobs in developed nations
B) lowers wages in developed nations
C) exploits workers in developing countries
D) all of the above
Answer: D
Q4) The ________ is the international organization that enforces the rules of international trade.
Answer: World Trade Organization (WTO)
To view all questions and flashcards with answers, click on the resource link above. Page 3
Chapter 2: Cross-Cultrual Busines
Available Study Resources on Quizplus for this Chatper
232 Verified Questions
232 Flashcards
Source URL: https://quizplus.com/quiz/40385
Sample Questions
Q1) Meals prepared according to the Jewish dietary traditions are called "kosher."
A)True
B)False
Answer: True
Q2) The first step in analyzing a nation's potential as a host for international business activity typically involves assessing its overall business climate.
A)True
B)False
Answer: True
Q3) When speaking of culture, people tend to ignore the concept of the nation-state.
A)True
B)False
Answer: False
Q4) Success in international business can often be traced to a deep understanding of some aspect of a people's ________ environment.
Answer: commercial
Q5) The process whereby cultural traits spread from one culture to another is called ________.
Answer: cultural diffusion
To view all questions and flashcards with answers, click on the resource link above. Page 4
Chapter 3: Politics, Law, and Business Ethics
Available Study Resources on Quizplus for this Chatper
218 Verified Questions
218 Flashcards
Source URL: https://quizplus.com/quiz/40386
Sample Questions
Q1) Susan's personal political beliefs are congruent with those of a democracy. Which of the following political ideologies likely reflects Susan's beliefs?
A) Anarchism
B) Pluralism
C) Totalitarianism
D) Socialism
Answer: B
Q2) In reality, there is very little difference between a pure democracy and a representative democracy.
A)True
B)False
Answer: False
Q3) Susan is considering whether to take her assignment in China and knows that the Chinese political system is currently a ________.
A) mix of communist and right-wing totalitarianism
B) mix of theocracy and democracy
C) mix of parliamentary democracy and tribal totalitarianism
D) system based on public referendums
Answer: A
To view all questions and flashcards with answers, click on the resource link above.
Page 5
Chapter 4: Economic Systems and Development
Available Study Resources on Quizplus for this Chatper
218 Verified Questions
218 Flashcards
Source URL: https://quizplus.com/quiz/40387
Sample Questions
Q1) Inflation can be controlled through ________.
A) stable pricing policies
B) fiscal and monetary policies
C) monitoring competition
D) effective trade policies
Q2) Businesspeople who accept the risks and opportunities involved in creating and operating new business ventures are called ________.
A) managers
B) risky operators
C) entrepreneurs
D) central planners
Q3) If Cleanshot wants to avoid the headaches of dealing with economies in transition and wants to deal with countries that are highly industrialized, efficient, and whose people enjoy a high quality of life, they should explore opportunities in ________.
A) developing countries
B) developed countries
C) emerging markets
D) newly industrialized countries
Q4) Compare and contrast the transition and challenges faced by China and Russia.
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: International Trade
Available Study Resources on Quizplus for this Chatper
179 Verified Questions
179 Flashcards
Source URL: https://quizplus.com/quiz/40388
Sample Questions
Q1) Explain the international product life cycle theory including its several stages.
Q2) Discuss the factor proportions theory and describe the evidence on this theory.
Q3) Trade in ________ makes up roughly 20 percent of total world trade.
Q4) Much production in the world today closely resembles what is predicted by the ________.
A) new trade theory
B) international product life cycle
C) theory of comparative advantage
D) theory of factor proportions
Q5) According to mercantilism, accumulation of wealth depended on expanding a nation's total volume of trade, not necessarily on creating a trade surplus.
A)True
B)False
Q6) The trade theory that nations should accumulate financial wealth, usually in the form of gold, by encouraging imports and discouraging exports is called mercantilism.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Page 7
Chapter 6: Business-Government Trade Relations
Available Study Resources on Quizplus for this Chatper
194 Verified Questions
194 Flashcards
Source URL: https://quizplus.com/quiz/40389
Sample Questions
Q1) A common purpose of many companies' facilities in foreign trade zones is
A) final product assembly
B) acquisition of raw materials
C) creation of value for government
D) to increase the total amount of a good's production cost
Q2) Freeland's efforts to provide opportunities to its emerging industries can be classified as which of the following motives?
A) Political
B) Economic
C) Cultural
D) All of the above
Q3) A tariff levied by the government in a country that is importing a product is called a(n) ________ tariff.
Q4) Describe the role of special government agencies in promoting exports and imports.
Q5) A country that believes an imported product is being dumped on its market may impose a(n) ________ in retaliation.
Q6) According to its supporters, ________ helped South Korea build its chaebol.
To view all questions and flashcards with answers, click on the resource link above. Page 8
Chapter 7: Foreign Direct Investment
Available Study Resources on Quizplus for this Chatper
173 Verified Questions
173 Flashcards
Source URL: https://quizplus.com/quiz/40390
Sample Questions
Q1) Factors that reduce the appeal of purchasing existing facilities include obsolete equipment, poor relations with workers, and an unsuitable location.
A)True
B)False
Q2) The income payments account includes income earned on home country assets held abroad.
A)True
B)False
Q3) The international product life cycle theory says that in the standardized product stage, a good is produced in the home country where it was developed because of uncertain domestic demand.
A)True
B)False
Q4) In the ________ stage of the international product life cycle, a good is produced in the home country because of uncertain domestic demand and to keep production close to the research department that developed the product.
Q5) The number of ________ and their exploding value contribute to the growth in foreign direct investment flows.
To view all questions and flashcards with answers, click on the resource link above.
Page 9
Chapter 8: Regional Economic Integration
Available Study Resources on Quizplus for this Chatper
182 Verified Questions
182 Flashcards
Source URL: https://quizplus.com/quiz/40391
Sample Questions
Q1) The greatest extent of national integration occurs in a(n) ________.
Q2) Today, the number of European Union (EU) members stands at ________.
A) 8
B) 13
C) 27
D) 18
Q3) One country that has applied for European Union membership is ________.
A) Bulgaria
B) Czech Republic
C) Romania
D) Turkey
Q4) In 1951, Belgium, France, West Germany, ________, Luxembourg, and the Netherlands created what was called the European Coal and Steel Community.
A) the United Kingdom
B) Austria
C) Turkey
D) Italy
Q5) Regional ________ can help improve quality of life and living standards for a nation's people.
Page 10
Q6) The single currency of the European Union is called the ________.
To view all questions and flashcards with answers, click on the resource link above.
Chapter 9: International Financial Markets
Available Study Resources on Quizplus for this Chatper
195 Verified Questions
195 Flashcards
Source URL: https://quizplus.com/quiz/40392
Sample Questions
Q1) Given the globalization trend, the international capital market reduces the available set of investment opportunities.
A)True
B)False
Q2) Booking centers are usually located on small island nations and territories with favorable tax and/or secrecy laws.
A)True
B)False
Q3) The exchange rate at which two parties agree to exchange currencies on a specified future date is called the ________.
Q4) Which of these is the simultaneous purchase and sale of foreign exchange for two different dates?
A) Forward swap
B) Bid-ask swap
C) Currency swap
D) Security swap
Q5) Briefly describe the three main institutions of the foreign exchange market.
Q6) The exchange rate calculated using two other exchange rates is called the ________.
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: International Money System
Available Study Resources on Quizplus for this Chatper
182 Verified Questions
182 Flashcards
Source URL: https://quizplus.com/quiz/40393
Sample Questions
Q1) The value of a currency expressed in terms of gold is called its ________.
A) exchange rate
B) gold value
C) par value
D) gold currency value
Q2) The ________ was a 1985 agreement among the G5 nations to act together in forcing down the value of the U.S. dollar.
Q3) The international monetary system in which nations linked the value of their paper currencies to specific values of gold is referred to as the ________.
A) bartered system
B) floating exchange-rate system
C) gold standard
D) managed float system
Q4) The ________ holds that prices of financial instruments do not reflect all publicly available information.
Q5) The ________ holds that prices of financial instruments reflect all publicly available information at any given time.
Q6) Discuss the challenges involved in the business of forecasting exchange rates.
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: International Strategy and Organization
Available Study Resources on Quizplus for this Chatper
199 Verified Questions
199 Flashcards
Source URL: https://quizplus.com/quiz/40394
Sample Questions
Q1) Which of these strategies is designed to guard against change?
A) Stability
B) Growth
C) Retrenchment
D) Differentiation
Q2) The ________ structure is best suited to companies that treat each national or regional market as unique.
Q3) Describe the four key approaches to corporate strategy, providing an example of each.
Q4) Companies performing product R&D in one or very few locations are likely following a ________ strategy.
A) retrenchment
B) global
C) multidomestic
D) multinational
Q5) A growth strategy is designed to increase the scale or scope of a corporation's activities.
A)True
B)False
Q6) ________ are all parties who are affected by a company's activities.
To view all questions and flashcards with answers, click on the resource link above. Page 13
Chapter 12: Analyzing International Opportunities
Available Study Resources on Quizplus for this Chatper
169 Verified Questions
169 Flashcards
Source URL: https://quizplus.com/quiz/40395
Sample Questions
Q1) Quality of workforce, materials, and infrastructure is analyzed in which step of the screening process for potential markets and sites?
A) Step 1: Identify basic appeal
B) Step 2: Assess the national business environment
C) Step 3: Measure market or site potential
D) Step 4: Select the market or site
Q2) When creating a market-potential indicator for an emerging market, ________ attempts to estimate market openness.
Q3) Research in which an interviewer has current or potential buyers answer written or verbal questions to obtain facts, opinions, or attitudes is called a focus group.
A)True
B)False
Q4) Which of the following is NOT a difficulty associated with conducting international market research?
A) Availability of data
B) Comparability of data
C) Cultural differences
D) Statistical differences
To view all questions and flashcards with answers, click on the resource link above. Page 14
Chapter 13: Selecting and Managing Entry Modes
Available Study Resources on Quizplus for this Chatper
212 Verified Questions
212 Flashcards
Source URL: https://quizplus.com/quiz/40396
Sample Questions
Q1) Which of these is NOT an entry mode?
A) Exporting and importing
B) Contractual entry
C) Secondary entry
D) Countertrade
Q2) Alistair has identified one option that might help the firm; selling goods or services that are paid for in whole or part with other goods or services. Alistair is referring to
A) trade
B) partial trade
C) countertrade
D) counterselling
Q3) An agreement that allows a country to earn back some of the currency it paid out for the original imports is known as ________.
A) switch trading
B) counterpurchase
C) buyback
D) offset
Q4) What financing methods are available to exporters and importers?
Q5) Briefly explain the different types of countertrade.
To view all questions and flashcards with answers, click on the resource link above. Page 15
Chapter 14: Developing and Marketing Products
Available Study Resources on Quizplus for this Chatper
187 Verified Questions
187 Flashcards
Source URL: https://quizplus.com/quiz/40397
Sample Questions
Q1) If Old World adopts a pricing policy of different selling prices in export markets than it has in the British market, it would be following ________.
A) dual pricing
B) transfer pricing
C) worldwide pricing
D) arm's-length pricing
Q2) Planning, implementing, and controlling the physical flow of a product from its point of origin to its point of consumption is called ________.
Q3) The ________ a product's value density, the more ________ the distribution system.
A) lower; localized
B) lower; globalized
C) higher; localized
D) lower; valuable
Q4) Some believe that because the world is becoming standardized and homogeneous, companies should market the same products in the same way in all countries.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Page 16
Chapter 15: Managing International Operations
Available Study Resources on Quizplus for this Chatper
140 Verified Questions
140 Flashcards
Source URL: https://quizplus.com/quiz/40398
Sample Questions
Q1) Deciding the process a company will use to create its product is called process planning.
A)True
B)False
Q2) What is venture capital? Why are those who provide it risk-takers?
Q3) The practice of buying from another company a good or a service that is part of a company's value-added activities is called outsourcing.
A)True
B)False
Q4) Companies that buy products from one or more outside suppliers gain flexibility.
A)True
B)False
Q5) A decision to reinvest in business operations is likely in the presence of a(n) ________.
A) short payback period
B) expanding market share
C) rapidly growing market
D) all of the above
Q6) Facilities spread over several locations are called ________.
Q7) What are the advantages of American Depository Receipts (ADRs)?
To view all questions and flashcards with answers, click on the resource link above. Page 17
Chapter 16: Hiring and Managing Employees
Available Study Resources on Quizplus for this Chatper
157 Verified Questions
157 Flashcards
Source URL: https://quizplus.com/quiz/40399
Sample Questions
Q1) Which of these teaches people to be considerate and understanding of other people's feelings and emotions?
A) Cultural orientation
B) Sensitivity training
C) Environmental briefings
D) Guerilla linguistics
Q2) Operations outside the home country are managed by individuals from the host country in ________ staffing.
A) geocentric
B) regiocentric
C) ethnocentric
D) polycentric
Q3) Mrs. Yoshimura is concerned about what will happen at the end of her family's assignment. One of her friends was very depressed after returning to Japan from a two-year stint in Britain. Mrs. Yoshimura's friend was probably experiencing ________.
A) culture shock
B) reverse culture shock
C) home country adjustment
D) reverse assignment adjustment
To view all questions and flashcards with answers, click on the resource link above.
Page 18