International Management
Final Test Solutions
Course Introduction
International Management explores the strategies, structures, and processes that organizations use to conduct business across national borders. The course examines the complexities of operating in a global environment, including cultural differences, international market entry strategies, cross-border teamwork, global supply chain management, and the impact of economic, legal, and political systems on international operations. Students will develop an understanding of how to manage diverse teams, lead global projects, and navigate the challenges and opportunities presented by globalization, equipping them with the skills necessary for effective management in a multinational context.
Recommended Textbook
Global Business Today 3rd Canadian Edition by Charles Hill Thomas McKaig
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16 Chapters
2010 Verified Questions
2010 Flashcards
Source URL: https://quizplus.com/study-set/2573
Page 2
Chapter 1: Globalization
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128 Verified Questions
128 Flashcards
Source URL: https://quizplus.com/quiz/51210
Sample Questions
Q1) Which of the following had the greatest share of the world's exports in 2006 from greatest to least?
A)United States, Japan, China
B)Japan, Germany, United States
C)United States, Germany, Canada
D)China, United States, Japan
E)United States, France, China
Answer: C
Q2) The globalization of __________ refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production (such as labour, energy, land, and capital).
A)information technology
B)process design
C)markets
D)production
E)R&D
Answer: D
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Page 3
Chapter 2: Country Differences in Political Economy
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141 Verified Questions
141 Flashcards
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Sample Questions
Q1) Generally speaking, international laws about intellectual property rights are
A)Not part of TRIPS
B)Not affected by the lobbying of specific firms
C)Roughly the same as they were two decades ago
D)Being weakened
E)Being strengthened
Answer: E
Q2) _______________ set certain safety standards to which a product must adhere.
A)Turnout safety laws
B)Product liability laws
C)Product safety laws
D)Contract liability laws
E)Civil laws
Answer: C
Q3) The selling of state-owned enterprises to private investors is called privatization.
A)True
B)False
Answer: True
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Page 4
Chapter 3: The Cultural Environment
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133 Verified Questions
133 Flashcards
Source URL: https://quizplus.com/quiz/51208
Sample Questions
Q1) __________ systems refer to a set of moral principles, or values, that are used to guide and shape behaviour.
A)Class
B)Ethical
C)Social
D)Norming
E)moral
Answer: B
Q2) Which attitude according Hofstede, is not captured by Confucian dynamism?
A)persistence
B)protection of face
C)time orientation
D)personal initiative
E)respect for tradition
Answer: D
Q3) Nonverbal communication is referred to as unspoken language.
A)True
B)False
Answer: True
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Page 5
Chapter 4: Ethics in International Business
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123 Verified Questions
123 Flashcards
Source URL: https://quizplus.com/quiz/51207
Sample Questions
Q1) Businesses can make sure they are hiring individuals who match well with their established ethical guidelines if they undertake all but which one of the following?
A)Administer psychological tests.
B)Check former employer and personal references.
C)Talk with former coworkers of the job candidate.
D)Hire only relatives of current organizational employees.
E)Hire employees with a strong sense of personal ethics
Q2) ________ focus on the attainment of a just distribution of economic goods and services.
A)Cultural relativisms
B)Justice theories
C)Distribution theories
D)Codes of ethics
E)Utilitarian theories
Q3) There is insignificant variation found in the political systems, laws, and cultures of differing nations.Hence, ethical dilemmas are rare to appear in international business dealings.
A)True
B)False
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Page 6
Chapter 5: International Trade Theories
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120 Verified Questions
120 Flashcards
Source URL: https://quizplus.com/quiz/51206
Sample Questions
Q1) Swedish economists, __________ and __________, advanced a theory of trade that argued that comparative advantage arises from differences in national factor endowments.
A)Durbin; Coles
B)Heckscher; Ohlin
C)Delhomme; Rivette
D)Mouton; Penn
E)Borg; Abba
Q2) __________ refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country or what they can produce and sell to another country.
A)Autonomous trade
B)Free trade
C)Clear commerce
D)Unencumbered commerce
E)NAFTA
Q3) Describe the Heckscher-Ohlin theory of international trade.Is the Heckscher-Ohlin theory consistent with the notion of free trade? Why or why not?
Q4) Describe the central tenant of the product life-cycle theory.
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Chapter 6: The Political Economy of International Trade
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131 Verified Questions
131 Flashcards
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Sample Questions
Q1) Although the trade deficit in the U.S.peaked in 1987 at more than $170 billion, by the end of 1992, the annual deficit rate was still running about
A)125 billion.
B)80 billion.
C)40 billion.
D)15 billion.
E)25 billion
Q2) A direct restriction on the quantity of some good that may be imported into a country is an import quota.
A)True
B)False
Q3) Tariffs on foodstuffs, cosmetics and chemicals into Japan cost the average Japanese consumer about __________ dollars per year.
A)890
B)650
C)900
D)1100
E)400
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Chapter 7: Foreign Direct Investment
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125 Verified Questions
125 Flashcards
Source URL: https://quizplus.com/quiz/51204
Sample Questions
Q1) To make sure the Japanese operations replicated the "Starbuck's experience" in North America, Starbucks insisted on all of the following except:
A)stores are required to adhere to the design parameters established in the U.S.
B)all store managers and employees are required to attend training classes similar to those given to U.S.employees.
C)transferring some employees to the Japanese operation.
D)not giving employees stock options until all requirements are adhered to.
E)reducing benefits and meals plans
Q2) Firms undertake FDI at _____________ is Raymond Vernon's view of foreign direct investment.
A)unpredictable stages in the life cycle of a product they have pioneered
B)late stages in their corporate histories
C)early stages in their corporate histories
D)particular stages in the life cycle of a product they have pioneered
E)early stages in the product life cycle of a product another company has pioneered
Q3) Describe what is meant by the eclectic paradigm? Who is its principle champion? Does this paradigm make sense as a rationale for FDI?
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Chapter 8: Regional Economic Integration
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137 Verified Questions
137 Flashcards
Source URL: https://quizplus.com/quiz/51203
Sample Questions
Q1) Several levels of economic integration are possible in theory.From most integrated to the least integrated they are area free trade area, a customs union, a common market, an economic union, and finally, a full political union.
A)True
B)False
Q2) With the signing of the Treaty of Rome in 1957, the ______________ was established.
A)European Community
B)European Free Trade Association
C)European Coal and Steel Community
D)European Textiles and Coal Community
E)European Common Market
Q3) Maquilladoras are ________________ and are commonly found at the ______________.
A)trade related zones; Mexican Texas border
B)trade protected zones; Mexican-Honduras border
C)NAFTA related zones of cheap labour; Mexican California border
D)NAFTA prohibited zones of cheap labour; Mexican Texas border
E)NAFTA related zones of cheap labour; Mexican Texas border
Q4) Describe the difference between a free trade area and a common market?
Page 10
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Chapter 9: The Foreign Exchange Market
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141 Verified Questions
141 Flashcards
Source URL: https://quizplus.com/quiz/51202
Sample Questions
Q1) If the prices differed in London and New York and a dealer spent $1 million to purchase ¥125 million, then sold that ¥125 immediately for $1.046666 million, the trader would earn a profit of $46,666 on the transaction.This is accomplished through A)arbitrage
B)skimming
C)FDI.
D)pre exchange agreements
E)buying low and selling high
Q2) Arbitrage is the process of buying a currency high and selling it low.
A)True
B)False
Q3) _____________ is based on the premise that analyzable market trends and waves can be used to predict future trends and waves.
A)Technical analysis
B)Fundamental analysis
C)Basic analysis
D)Central analysis
E)Econometric analysis
Q4) Why do companies prefer not to use counter trade if it can be avoided?
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Chapter 10: The Global Monetary System
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129 Verified Questions
129 Flashcards
Source URL: https://quizplus.com/quiz/51201
Sample Questions
Q1) By 1880, most of the world's major trading nations, including Great Britain, Germany, Japan, and the United States, had adopted the A)diamond standard.
B)gold standard.
C)federal reserve standard.
D)platinum standard.
E)fixed exchange rate system
Q2) As with most IMF programs, the focus in Argentina was on the government to adopt a strict program to balance its budget.
A)True
B)False
Q3) The gold standard is the practice of pegging currencies to gold and guaranteeing convertibility.
A)True
B)False
Q4) What is the difference between a free floating exchange rate and a managed or dirty float system?
Q5) Describe the difference between fixed and floating exchange rates.Which is better? Explain your answer.
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Chapter 11: Global Strategy
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132 Verified Questions
132 Flashcards
Source URL: https://quizplus.com/quiz/51200
Sample Questions
Q1) One of the mistakes that Vodaphone made when entering the Japanese market was
A)not reducing its prices
B)ignoring growth in its global brand
C)not concentrating on economies of scale
D)initially the J-phone was not considered to be a hot property
E)ignoring local market conditions
Q2) By 2007 most of Coca-Cola's volume came from the United States.
A)True
B)False
Q3) All of the provinces of Canada export about 75% percent of their production to the U.S.except for.
A)Quebec
B)Newfoundland
C)Alberta
D)Prince Edward Island
E)British Columbia
Q4) Skills within the firm that competitors can easily match or imitate are called core competence.
A)True
B)False
Page 13
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Chapter 12: Entering Foreign Markets
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116 Verified Questions
116 Flashcards
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Sample Questions
Q1) According to the opening case, before General Electric discovered joint ventures, it entered a foreign market in what way?
A)exporting
B)importing
C)franchising
D)licensing.
E)Greenfield subsidiary
Q2) By licensing its technology to competitors, the firm may deter them from developing their own, possibly superior technology.
A)True
B)False
Q3) The Mercer Study concluded that _______ percent of the 150 acquisitions studied ended up eroded or substantially shareholder value.
A)90
B)70
C)50
D)30
E)25
Q4) What are pioneering costs? When do these costs arise?
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Chapter 13: Exporting, Importing, and Countertrade
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86 Verified Questions
86 Flashcards
Source URL: https://quizplus.com/quiz/51198
Sample Questions
Q1) (A) ____________'s principle is to trade goods and services when they cannot be traded for money.
A)Letter of credit
B)Draft
C)Bill of exchange
D)Countertrade
E)Switch Trading
Q2) The Business Development Bank of Canada focuses on Canadian exporting businesses in the technology sector and provides financial assistance mainly for export specific purposes as a way to facilitate the exchange of commodities between Canada and other countries.
A)True
B)False
Q3) International Trade Centres also promote international trade through what?
A)the United Nations
B)EMC
C)Trade Commissioners
D)Team Canada
E)FITT
Q4) What is the difference between a sight draft and a time draft?
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Chapter 14: Global Marketing and RD
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132 Verified Questions
132 Flashcards
Source URL: https://quizplus.com/quiz/51197
Sample Questions
Q1) Which of the following is not an aspect of strategic pricing?
A)Experience curve pricing
B)Predatory pricing
C)Skim pricing
D)Multipoint pricing
E)None of these answers is correct
Q2) Integrating R&D, marketing, and production in an international business may require what?
A)excess funds
B)price advantages because of currency fluctuations to stabilize global prices
C)retail fragmentation within the country
D)complementarity of the R&D function
E)R&D centres that are linked by formal and informal mechanisms with marketing operations in various countries and with various manufacturing facilities
Q3) Marketing is the force that drives the world toward a converging commonalty.
A)True
B)False
Q4) Describe what is meant by the term "marketing mix." What factors cause a firm to vary its marketing mix across markets?
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Chapter 15: Global Production, Outsourcing, and Logistics
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109 Verified Questions
109 Flashcards
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Sample Questions
Q1) What are the type of decisions about whether a firm should make or buy the component parts that go into the final product?
A)end-user
B)synergistic
C)sourcing
D)quality
E)cost
Q2) Demands for local responsiveness creates pressures to ____________ the major national or regional markets in which the firm does business or to implement flexible manufacturing processes that enable the firm to customize the product coming out of a factory according to the market in which it is to be sold.
A)receive supplies from
B)market to
C)centralize logistic processes to
D)decentralize manufacturing activities to
E)increase customization for
Q3) Define the term "materials management." Discuss the relationship between materials management and logistics.
Q4) Describe the terms flexible manufacturing and mass customization.
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Chapter 16: Global Human Resource Management
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127 Verified Questions
127 Flashcards
Source URL: https://quizplus.com/quiz/51195
Sample Questions
Q1) ________________ is the premature return of an expatriate manager to his of her home country.
A)Expatriate relief
B)Expatriate failure
C)Expatriate rotation
D)Expatriate timing
E)Repatriation
Q2) According to Mendenhall and Oddou, what refers to the fact of how well an expatriate adjusts to a particular posting as it relates to the country of assignment?
A)Cultural toughness
B)Expatriate stamina
C)Country-specific durability
D)Expatriate persistence
E)Adaptive ability
Q3) The language of world business is Japanese.
A)True
B)False
Q4) What is the principle role of labour unions? What concerns do organized labour have about multinational firms?
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