International Management
Mock Exam
Course Introduction
International Management explores the strategies, structures, and processes that organizations use to operate successfully in the global marketplace. The course examines cross-cultural leadership, global human resource management, international marketing, and the impact of political, economic, and legal environments on multinational enterprises. Through case studies and real-world examples, students learn how to navigate diverse cultures, manage international teams, and develop sustainable strategies to address the challenges of globalization. The course aims to equip students with the skills and knowledge required to become effective managers in an increasingly interconnected world.
Recommended Textbook
Global Business 4th Edition by Mike W. Peng
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17 Chapters
1326 Verified Questions
1326 Flashcards
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Page 2
Chapter 1: Globalizing Business
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78 Verified Questions
78 Flashcards
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Sample Questions
Q1) Overall,the focus on firm performance around the globe defines the field of global business more than anything else.
A)True
B)False
Answer: True
Q2) Which of the following is true of semiglobalization?
A) It is a type of globalization that adopts a strategy of treating the entire world as one market.
B) It is a type of globalization that lies between total isolation and total globalization.
C) It is a form of globalization that treats each country as a unique market.
D) It is a form of globalization that considers each nation in isolation when conducting business.
Answer: B
Q3) Emerging markets contribute about 30% of global GDP without adjusting for purchasing power parity (PPP).
A)True
B)False
Answer: True
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3
Chapter 2: Understanding Formal Institutions: Politics, laws, and Economics
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78 Verified Questions
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Sample Questions
Q1) The common law tradition is mostly spread in non-English speaking countries.
A)True
B)False
Answer: False
Q2) Which of the following would be considered an example of intellectual property rights?
A) Rights associated with ownership of vehicles
B) Rights associated with ownership of trademarks
C) Rights associated with ownership of buildings
D) Rights associated with ownership of business contracts
Answer: B
Q3) Which of the following is true of private ownership?
A) It tends to force firms into liquidation due to high competition.
B) It empowers the government to determine firm entry.
C) It allows financing only through nationalized banks.
D) Its primary objective is protecting jobs and minimizing social unrest.
Answer: A
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Page 4
Chapter 3: Emphasizing Informal Institutions: Cultures, ethics, and Norms
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78 Verified Questions
78 Flashcards
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Sample Questions
Q1) A proactive firm would anticipate responsibility and do more than required when facing ethical challenges.
A)True
B)False
Answer: True
Q2) Which of the following cultural clusters contains the group "Hindu"?
A) The GLOBE clusters
B) The Huntington civilizations
C) The Ronen and Shenkar clusters
D) The Kogut-Singh cultural index
Answer: B
Q3) Dividing individuals of a society into hierarchical classes is an example of social stratification.
A)True
B)False
Answer: True
Q4) The United States is often classified as a collectivist society.
A)True
B)False
Answer: False
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Chapter 4: Leveraging Resources and Capabilities
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Sample Questions
Q1) A competitive advantage that is sustained implies that it is permanent.
A)True
B)False
Q2) Which of the following primary activities of a firm corresponds to its support activity of human resources?
A) Final assembly
B) Marketing
C) Components
D) Research and development
Q3) An original equipment manufacturer does not include marketing in its value chain activities.
A)True
B)False
Q4) Which of the following is considered as an intangible resource of a firm?
A) The ability to raise external capital
B) The access to raw materials of production
C) The possession of patents to an invention
D) The managerial skills of an employee
Q5) Describe the VRIO framework.
Q6) Briefly explain outsourcing and its different types.
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Chapter 5: Trading Internationally
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Sample Questions
Q1) Strategic trade theory advocates mercantilist policy for all industries.
A)True
B)False
Q2) Briefly explain the strengths and weaknesses of the absolute advantage and comparative advantage trade theories.
Q3) Environmental and social responsibility can be used as political arguments to initiate trade intervention against certain countries.
A)True
B)False
Q4) Elaborate on Michael Porter's "diamond" theory.
Q5) By trying to be self-sufficient and producing a wide range of goods,mercantilist policies help sustain the wealth of a nation in the long run.
A)True
B)False
Q6) In the context of tariff barriers,net losses that occur in an economy as a result of tariffs are known as deadweight costs.
A)True
B)False
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Chapter 6: Investing Abroad Directly
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Sample Questions
Q1) Harton,a car manufacturer based in UK,only assembles cars and does not manufacture components in the UK.But in France,Harton enters into components manufacturing through FDI.Harton's investment in France would be an example of a(n)
A) FPI
B) downstream vertical FDI
C) upstream vertical FDI
D) horizontal FDI
Q2) A type of FDI in which the firm moves upstream or downstream in different value chain stages in a host country is called horizontal FDI.
A)True
B)False
Q3) Compared to licensing,FDI provides more direct and tighter control over foreign operations.
A)True
B)False
Q4) In order to become an MNE,an exporter has to undertake FDI.
A)True
B)False
Q5) Identify the benefits and costs of FDI to home countries.
Page 8
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Chapter 7: Dealing With Foreign Exchange
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78 Verified Questions
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Sample Questions
Q1) Hedging protects firms from spot market unpredictability.
A)True
B)False
Q2) A weak dollar makes it more expensive for US tourists when traveling abroad.
A)True
B)False
Q3) The weight a member country carries within the IMF,which determines the amount of its financial contribution,its capacity to borrow from the IMF,and its voting power is referred to as a(n) _____.
A) grant
B) accommodation
C) quota
D) balance of payment
Q4) Forward transactions allow participants to buy and sell currencies now for future delivery.
A)True
B)False
Q5) The primary participants of the foreign exchange market are IMF and World Bank. A)True
B)False
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Chapter 8: Capitalizing on Global and Regional Integration
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Sample Questions
Q1) A(n) _____ refers to a group of countries that use a common currency.
A) political union
B) customs union
C) monetary union
D) trade union
Q2) NAFTA is a free trade agreement between Latin American countries.
A)True
B)False
Q3) From an institution-based view,China's economic development since it joined WTO shows the amount of benefits associated with WTO membership.
A)True
B)False
Q4) Which of the following was part of the agenda of the Doha Round?
A) Reducing agricultural subsidies in developing countries
B) Increasing tariffs in the industries that developed countries might benefit from
C) Freeing up trade in services
D) Loosening intellectual property protection
Q5) Explain possible benefits of global economic integration.
Q6) Describe the European Union as an economic union.
Page 10
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Chapter 9: Growing and Internationalizing the Entrepreneurial Firm
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Sample Questions
Q1) The word "entrepreneurs" mostly refers to founders and owners of new businesses or managers of existing firms.
A)True
B)False
Q2) Which of the following types of contracts are used between exporters and importers to reduce transaction risks?
A) Letter of credit
B) Articles of incorporation
C) License
D) Bill of lading
Q3) Founders and/or owners of new businesses or managers of existing firms who identify and exploit new opportunities are called _____.
A) bloggers
B) entrepreneurs
C) adjudicators
D) arbitrators
Q4) Cultural values and norms are examples of informal institutions.
A)True
B)False
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Chapter 10: Entering Foreign Markets
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Sample Questions
Q1) A disadvantage of acquisitions is _____.
A) the inability to add new capacity to industry
B) the inability to coordinate globally
C) high development costs
D) the slow entry speed
Q2) Which of the following is a late-mover advantage?
A) Pre-emption of scarce resources
B) Fewer technological and market uncertainties
C) Proprietary and technological leadership
D) Good relationships with key stakeholders such as governments
Q3) Greenfield operations are a type of wholly owned subsidiary that does not require any FDI.
A)True
B)False
Q4) Late movers face greater technological and market uncertainties.
A)True
B)False
Q5) Non-equity modes of entry include acquisitions and wholly-owned subsidiaries.
A)True
B)False
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Chapter 11: Managing Global Competitive Dynamics
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78 Verified Questions
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Sample Questions
Q1) Cartel is an output- and price-fixing entity involving multiple competitors.
A)True
B)False
Q2) Prisoners' dilemma is a type of game in which the outcome depends on two parties deciding whether to cooperate or to defect.
A)True
B)False
Q3) ____ 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
Q4) Market commonality refers to the degree of similarity between two rival's products.
A)True
B)False
Q5) What is resource similarity? How does it affect firm rivalries?
Q6) Explain the three drivers of counterattacks.
Q7) Under what conditions would a firm adopt a dodger strategy?
Page 13
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Chapter 12: Making Alliances and Acquisitions Work
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Sample Questions
Q1) Discuss a few ways of improving the odds for acquisition success.
Q2) The more tacit the capabilities of a firm in an alliance,the greater the preference for equity involvement.
A)True
B)False
Q3) The alliance dissolution is a four-step process.
A)True
B)False
Q4) Mergers and acquisitions represent the largest proportion of foreign direct investment (FDI) flows.
A)True
B)False
Q5) Alliances permit firms to sequentially increase their investment should they decide to pursue acquisitions.
A)True
B)False
Q6) The first phase in an alliance dissolution is mediation by third parties.
A)True
B)False
Q7) Describe the stages in the formations of alliances.
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Chapter 13: Strategizing,structuring,and Learning Around the World
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Sample Questions
Q1) The home replication strategy duplicates home country-based competencies in foreign countries.
A)True
B)False
Q2) Explain the advantages and disadvantages of the global standardization strategy.
Q3) The _____ structure is the opposite of the geographic area structure.
A) international division
B) global matrix
C) multidomestic
D) global product division
Q4) In MNEs adopting the home replication strategy,knowledge is developed at the center and transferred to subsidiaries.
A)True
B)False
Q5) Which of the following strategies is often known as "international strategy"?
A) Localization
B) Global standardization
C) Transnational
D) Home replication
Q6) What are centers of excellence?
Page 15
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Page 16
Chapter 14: Competing on Marketing and Supply Chain Management
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78 Verified Questions
78 Flashcards
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Sample Questions
Q1) List a few do's and don'ts to avoid blunders in international marketing.
Q2) Which of the following is a key element to achieving alignment in the supply chain?
A) Power
B) Standardization
C) Localization
D) Productivity
Q3) Which of the following category of customers are most likely to lead anti-globalization demonstrations?
A) Global dreamers
B) Global citizens
C) Antiglobals
D) Global agnostics
Q4) Which of the following four Ps in the marketing mix includes the online marketplace?
A) Place
B) Promotion
C) Pointcasting
D) Positioning
Q5) Elaborate on the triple As in supply chain management.
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Chapter 15: Managing Human Resources Globally
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Sample Questions
Q1) Disregarding nationality,a(n) _____ approach focuses on finding the most suitable managers,who can be PCNs,HCNs,or TCNs.
A) polycentric
B) ethnocentric
C) geocentric
D) regiocentric
Q2) European MNEs are more likely to appoint PCNs to lead subsidiaries.
A)True
B)False
Q3) A(n) _____ emphasizes the norms and practices of the parent company relying on parent-country nationals.
A) polycentric approach
B) geocentric approach
C) regiocentric approach
D) ethnocentric approach
Q4) Repatriation,if not managed well,can be traumatic for expatriates and their families,but not for the firm.
A)True
B)False
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Chapter 16: Financing and Governing the Corporation
Globally
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78 Verified Questions
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Sample Questions
Q1) Outline the principal-agent problems in an agency relationship.
Q2) _____ is the relationship among various participants in determining the direction and performance of corporations.
A) Corporate citizenship
B) Corporate social responsibility
C) Corporate conscience
D) Corporate governance
Q3) In the context of governance mechanisms,_____ mechanism refers to shareholders' willingness to work with managers,usually through the board.
A) exit-based
B) voice-based
C) private equity-based
D) corporate control-based
Q4) Listing shares on foreign stock exchanges is known as _____.
A) capital rationing
B) diagonal spread
C) cross-listing
D) primary listing
Q5) Explain the role of the Board of Directors.
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Chapter 17: Managing Corporate Social Responsibility
Globally
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Sample Questions
Q1) To attract investment,developing countries may enter a "race to the bottom" by lowering environmental standards and some may become "pollution havens."
A)True
B)False
Q2) Elaborate on the resource-based view to CSR.
Q3) CSR-related resources can include tangible technologies and processes as well as intangible skills and attitudes.
A)True
B)False
Q4) The strategic response framework for analyzing CSR decisions are reactive,defensive,accommodative,and proactive strategies.
A)True
B)False
Q5) A code of conduct is also called _____.
A) code of defense
B) code of legitimacy
C) code of ethics
D) code of reactivity
Q6) Elaborate on the stakeholder view of the firm.
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