International Management
Mock Exam
Course Introduction
International Management explores the strategies, structures, and operations that organizations employ to compete and thrive in the global business environment. The course examines cross-cultural differences, international market entry strategies, global leadership, and the management of multinational teams. Students will analyze the impact of cultural, economic, legal, and political factors on managerial decisions and develop skills to address the challenges of managing across borders. Case studies and real-world examples provide insights into global business practices, negotiation, communication, and the ethical responsibilities of international managers.
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 is true of globalization according to the "new force" perspective?
A) It is a process of trade integration that has both advantages and disadvantages.
B) It is a phenomenon that is technologically out of sync.
C) It is a historical aspect of human trade.
D) It is a western ideology focused on exploiting and dominating the world through MNEs.
Answer: D
Q2) The _____ view suggests that the success and failure of firms are largely determined by their environments.
A) institution-based
B) stakeholder-based
C) resource-based
D) capability-based
Answer: A
Q3) A dragon multinational is a name given to MNEs from emerging markets.
A)True
B)False
Answer: True
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 private ownership,liquidation of a firm is forced by competition.
A)True
B)False
Answer: True
Q2) For which of the following types of economies would the factors of production depend on the relative distribution of market forces versus command forces?
A) Mixed economy
B) Pure market economy
C) Strict laissez faire economy
D) Command economy
Answer: A
Q3) Which of the following is true of the Washington Consensus?
A) It provided measures that governments can take in order to move toward a command economy.
B) It listed the bail out procedures that governments could follow in case of a firm's bankruptcy.
C) It advocated more governmental control in trade.
D) It advocated the superiority of private ownership over state ownership.
Answer: D
Page 4
To view all questions and flashcards with answers, click on the resource link above.
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) 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
Q2) Which of the following is one of the five dimensions outlined in the Dimensions Approach?
A) Language
B) Work ethics
C) Religion
D) Uncertainty avoidance
Answer: D
Q3) In an individualistic society,_____.
A) an individual's identity is fundamentally tied to the identity of his or her group
B) ties between individuals are very strong
C) an individual's identity is fundamentally his or her own
D) collective accomplishments are more important than individual accomplishments
Answer: C
To view all questions and flashcards with answers, click on the resource link above. Page 5
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) 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
Q2) 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
Q3) According to the VRIO framework,imitable but well organized resources and capabilities will provide sustained competitive advantage to a firm.
A)True
B)False
Q4) Identify the four categories of tangible resources that a firm can possess.
Q5) Original design manufacturers are firms that both design and manufacture products.
A)True B)False
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) A trade _____ is an economic condition in which a nation imports more than it exports.
A) deficit
B) surplus
C) embargo
D) VER
Q2) Factor endowments is one of the four interacting aspects of the theory of national competitive advantage of industries.
A)True
B)False
Q3) Which of the following is a modern trade theory?
A) Comparative advantage
B) National competitive advantage
C) Mercantilism
D) Absolute advantage
Q4) Antidumping duties are a type of tariff barrier.
A)True
B)False
Q5) Discuss the characteristics of the modern trade theories.
Page 7
To view all questions and flashcards with answers, click on the resource link above.
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) The free market type of FDI is the most prevalent type of FDI practiced.
A)True
B)False
Q2) Costs that a firm has to endure even when its investment turns out to be unsatisfactory are referred to as _____.
A) switching costs
B) replacement costs
C) cost overruns
D) sunk costs
Q3) _____ knowledge is noncodifiable and its acquisition and transfer requires hands-on practice.
A) Explicit
B) Tacit
C) Lucid
D) A priori
Q4) The benefit of ownership lies in the combination of equity ownership rights and management control rights.
A)True
B)False
Q5) What determines the success and failure of FDI around the globe?
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) Which of the following best describes a rate where selective government intervention works hand-in-hand,allowing markets the freedom to work themselves out?
A) Free float rate
B) Fixed rate
C) Dirty float rate
D) Target exchange rate
Q2) The fixing of East and West Germany's currencies at a 1:1 ratio to each other during the German unification in 1990 is an example of a _____.
A) managed float rate policy
B) floating rate policy
C) target exchange rate policy
D) fixed exchange rate policy
Q3) Strategic hedging means spreading out activities in a number of countries in different currency zones to offset the currency losses in certain regions through gains in other regions.
A)True
B)False
Q4) What determines the success and failure of currency management around the globe?
Q5) Briefly explain the cause for the fall of the Bretton Woods System.
Page 9
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) The _____ was a multilateral agreement,created in 1948,governing the international trade of goods (merchandise).
A) WTO
B) GATT
C) UN
D) EU
Q2) The European Union (EU)was established when the ____ went into effect in 1993.
A) Treaty of Rome
B) Maastricht Treaty
C) Lisbon Treaty
D) ECSC Treaty
Q3) Local content requirements is an example of a nontariff barrier.
A)True
B)False
Q4) Discuss the formation of GATT and the issues that precipitated the formation of the WTO (Post GATT).
Q5) The Multifibre Arrangement (MFA)was in violation of the GATT.
A)True
B)False
Q6) Describe the pros and cons of regional economic integration.
Page 10
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) Microfinance provides micro loans used to:
A) pay mortgages.
B) pay car loans.
C) start small businesses.
D) start subsidiaries.
Q2) Among developed countries,_____ has the lowest rate of start-ups.
A) United Kingdom
B) United States
C) Russia
D) Japan
Q3) Identify and explain the dilemma behind transaction costs and international entrepreneurial opportunities.
Q4) Franchising is a type of internationalizing business model.
A)True
B)False
Q5) SMEs tend to be less entrepreneurial than large firms.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 11
Q6) Explain the institution-based views in light of their effect on entrepreneurial success.
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) Licensing and franchising are examples of equity modes of entry.
A)True
B)False
Q2) Co-marketing has the ability to reach more customers but with limited control and coordination.
A)True
B)False
Q3) Which of the following is an advantage of R&D contracts?
A) Easy to negotiate and enforce contracts
B) Negligible threat from competitors
C) Continuous improvement of core innovation capabilities
D) Ability to tap into the best, cost-effective locations
Q4) Agglomeration explains why certain cities and regions can attract businesses even in the absence of obvious geographic advantages.
A)True
B)False
Q5) The preemption of scarce resources is a first mover advantage.
A)True
B)False
Q6) How do foreign firms crack new markets against strong local competition?
Page 12
To view all questions and flashcards with answers, click on the resource link above.
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) Dumping is defined as a(n)_____.
A) exporter selling below cost abroad
B) company reducing prices after eliminating rivals
C) firm engaging its rival in multiple markets
D) domestic company selling above cost
Q2) Which of the following sets of words describes the initial set of actions a firm uses to gain competitive advantage and the other firm's response to it?
A) Tacit collusion, explicit collusion
B) Competition, cooperation
C) Attack, counterattack
D) Cooperation, signaling
Q3) Which of the following industrial characteristics makes a collusion difficult but leads to competition?
A) Existence of few firms in the industry
B) Existence of an industry price leader
C) Lack of market commonality
D) High barriers of entry
Q4) Define predatory pricing.Why is it difficult to win a domestic predation case in the United States?
To view all questions and flashcards with answers, click on the resource link above. Page 13
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) A joint venture (JV)is a form of equity-based alliance.
A)True
B)False
Q2) Strategic investments in an equity-based alliance involve one partner investing in another.
A)True
B)False
Q3) In which type of equity-based alliance does one firm invest in another?
A) Hubristic investment
B) Cross-shareholding
C) Licensing
D) Strategic investment
Q4) Managers involved in alliances require collaborative relationship skills.
A)True
B)False
Q5) Equity,learning and experience,relational capabilities,and nationality are four factors that may influence alliance performance.
A)True
B)False
Q6) One of the merits of alliances is to use them as real options.Elaborate.
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 allows a provider to sell whatever combination of goods and services that customers prefer,including rivals' offerings.
A) open innovation
B) solutions-based
C) global account
D) social capital
Q2) The _____ structure is appropriate for a localization strategy.
A) international division
B) global product division
C) geographic area
D) global matrix
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.
Page 15
To view all questions and flashcards with answers, click on the resource link above.
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) MNEs dealing with global dreamers can market localized products and services under local brands.
A)True
B)False
Q2) Enhancing agility often entails making a series of make-or-buy decisions.
A)True
B)False
Q3) Firms dealing with global agnostics can leverage global brands and their relatively more standardized products and services.
A)True
B)False
Q4) Localization is appealing,but expensive.
A)True
B)False
Q5) Briefly discuss market orientation versus relationship orientation that concern marketing and supply chain management.
Q6) Elaborate on the various aspects marketers have to consider to enhance promotion.
Q7) 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 16
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) Analyze managing labor relations at home and abroad.
Q2) Returning expatriates are referred to as _____.
A) crossovers
B) inbounds
C) repatriates
D) inpatriates
Q3) Performance appraisal only entails the evaluation of employee performance for performance.
A)True
B)False
Q4) _____ refers to HRM activities associated with hiring employees and filling positions.
A) Rostering
B) Sourcing
C) Staffing
D) Benchmarking
Q5) The advantage of hiring employees who are host-country nationals is that it facilitates control by headquarters.
A)True
B)False
Page 17
To view all questions and flashcards with answers, click on the resource link above.
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) In the principal-agent relationship,principals are managers to whom authority is delegated.
A)True
B)False
Q2) A member of the board who is a top executive of the firm is called a(n)_____.
A) outside director
B) executive manager
C) inside director
D) co-manager
Q3) Executives on the top management team (TMT)are led by the _____.
A) chief executive officer (CEO)
B) chief financial officer (CFO)
C) board of directors
D) chief operating officer (COO)
Q4) Tunneling is a legal method of solving principal-principal conflicts.
A)True B)False
Q5) Information asymmetries exist between principals and agents. A)True B)False
To view all questions and flashcards with answers, click on the resource link above. Page 18
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) Social issue participation refers to a firm's participation in social causes not directly related to the management of its _____.
A) fair labor practice groups
B) primary stakeholders
C) secondary stakeholders
D) tertiary stakeholders
Q2) CSR-related resources can include tangible technologies and processes as well as intangible skills and attitudes.
A)True
B)False
Q3) Elaborate on the proactive strategy to confront CSR pressures.
Q4) Reactive firms actively participate in regional,national,and international policy and standards discussions.
A)True
B)False
Q5) Global sustainability refers only to a sustainable social and natural environment. A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 19