International Management Review Questions
Course Introduction
International Management explores the strategies, structures, and processes required to operate effectively in a global business environment. The course examines how cultural, political, legal, and economic differences influence managerial decisions and organizational behavior across borders. Students learn to analyze international markets, manage cross-cultural teams, and develop policies for global operations, with a focus on leadership, communication, and ethical considerations in an interconnected world. Case studies and real-world examples equip students with the skills needed to manage diverse workforces, negotiate across cultures, and respond to the dynamics of international competition.
Recommended Textbook
Global Business Today 9Th Edition by
Charles W. L. Hill
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17 Chapters
2039 Verified Questions
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Page 2
Chapter 1: Globalization
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Sample Questions
Q1) Which of the following is an argument put forth by critics of the IMF?
A)It increases barriers to the free flow of goods and investment across national borders.
B)It provides assistance only to developing nations and completely ignores the developed nations.
C)It is not powerful enough to ensure that the nation-states adhere to the rules laid down in trade treaties.
D)It promotes the rise of communism across the globe.
E)It usurps the sovereignty of nation-states by telling governments what economic policies they must adopt.
Answer: E
Q2) Containerization has revolutionized the transportation business, significantly lowering the costs of shipping goods over long distances.
A)True
B)False
Answer: True
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Chapter 2: National Differences in Political, Economic, and Legal Systems
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Q1) Which of the following establishes a uniform set of rules governing certain aspects of the making and performance of everyday commercial contracts between sellers and buyers who have their places of business in different nations?
A)Contracts for the International Sale of Goods
B)Bill of Exchange
C)United Nations Charter
D)International Forwarding Agent Contract
E)International Promissory Note
Answer: A
Q2) Which of the following can be traced to the ancient Greek philosopher Aristotle?
A)Collectivism
B)Individualism
C)Socialism
D)Totalitarianism
E)Communism
Answer: B
Q3) Plato did not equate collectivism with equality.
A)True
B)False
Answer: True
Page 4
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Chapter 3: National Differences in Economic Development
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Q1) What changes have occurred in the political economy of most of the world's nation-states since the late 1980s?
Answer: The political economy of many of the world's nation-states has changed radically since the late 1980s. Two trends have been evident. First, during the late 1980s and early 1990s, a wave of democratic revolutions swept the world. Totalitarian governments collapsed and were replaced by democratically elected governments that were typically more committed to free market capitalism than their predecessors had been. Second, there has been a strong move away from centrally planned and mixed economies and toward a more free market economic model.
Q2) In the context of the changing political economy since the late 1980s, which of the following statements is true?
A)There has been a rapid spread of communism worldwide.
B)Capitalist ideologies have been in retreat.
C)A wave of totalitarian revolutions has swept the world.
D)Most countries have moved toward centrally planned and mixed economies.
E)Most of the world's nation-states are providing greater political and civil liberties to their citizens.
Answer: E
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Page 5
Chapter 4: Differences in Culture
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Sample Questions
Q1) China Innovation Inc. is a devout follower of Confucian ethics. Hence, it hires people who live by similar principles. Which of the following is most likely to be a characteristic of this company?
A)The conflict between management and labor will be high.
B)The company's management will expect blind loyalty from the workers.
C)It will often indulge in violations of business agreements.
D)The cost of doing business will be low for those companies that enter into a business with it.
E)It will not have any relationship networks that are supported by reciprocal obligations.
Q2) According to Geert Hofstede, high power distance cultures were found in societies that tried to play down inequalities of power and wealth as much as possible.
A)True
B)False
Q3) It is easier for companies based in countries with a high degree of class consciousness to establish a competitive advantage in the global economy.
A)True
B)False
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Chapter 5: Ethics, Corporate Social Responsibility, and Sustainability
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Sample Questions
Q1) Describe how violation of the apartheid laws by Western businesses helped improve human rights in South Africa.
Q2) John Rawls's veil of ignorance is a conceptual tool that contributes to the moral compass that managers can use to help them navigate through difficult ethical dilemmas.
A)True
B)False
Q3) Which of the following best exemplifies the global tragedy of the commons?
A)A firm exploiting the weak employment standards in a host nation
B)A firm dumping its chemical wastes directly into an ocean
C)A firm exploiting the weak intellectual property rights in a developing nation
D)A neighboring country opposing the introduction of a free trade area
E)A country denying its citizens basic human rights
Q4) A righteous moralist claims that while operating in a foreign country, a multinational company should follow the ethical standards of the host country.
A)True
B)False
Q5) Discuss the arguments that are for and against the payment of bribes and speed money.
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Chapter 6: International Trade Theory
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Sample Questions
Q1) Which of the following formed the crux of Porter's study of national competitive advantage?
A)Identifying the various stages of the life cycle of a product
B)Determining why a country achieves international success in a particular industry
C)Determining how trade barriers affect the prices of products in the international market
D)Determining how pre-industrialization theories predict international trade patterns
E)Determining the relationship between factor endowments and economies of scale
Q2) According to the new trade theory, trade, through its impact on economies of scale, is most likely to:
A)reduce the volume of the goods produced.
B)decrease the variety of goods available to consumers.
C)decrease the average costs of goods.
D)inhibit first-mover advantages in all industries.
E)benefit only nations that differ in resource endowments or technology.
Q3) Describe the shortcomings of the product life-cycle theory.
Q4) Discuss Paul Samuelson's critique of free trade.
Q5) Discuss Adam Smith's concept of absolute advantage.
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Chapter 7: Government Policy and International Trade
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Q1) Some countries argue that government intervention to protect certain domestic industries can compromise national security.
A)True
B)False
Q2) Trade barriers encourage firms to disperse their productive activities-design, production, and assembly-to foreign nations.
A)True
B)False
Q3) The WTO's Agreement on which of the following is an attempt to narrow the gaps in the way intellectual property rights are protected around the world and to bring them under common international rules?
A)Intellectual Property Rights Enforcement Directive (IPRED)
B)Court of Arbitration of Intellectual Property (CAIP)
C)Trade-Related Aspects of Intellectual Property Rights (TRIPS)
D)Intellectual Property Rights Enforcement and Resolution (IPER)
E)International Body on Intellectual Property (IBIP)
Q4) Import tariffs protect domestic producers against foreign competitors.
A)True
B)False
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Chapter 8: Foreign Direct Investment
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Sample Questions
Q1) Which of the following statements is true regarding foreign direct investment?
A)The flow of FDI refers to the total accumulated value of foreign-owned assets at a given time.
B)FDI has grown more rapidly than world trade and world output.
C)The general shift toward democratic political institutions has discouraged FDI.
D)Generally, free market economies oppose FDI.
E)The globalization of the world economy is having a negative effect on the volume of FDI.
Q2) When a country is importing more goods and services than it is exporting, it is incurring a(n):
A)trade surplus.
B)current account deficit.
C)positive balance of payment.
D)economic recession.
E)net capital inflow.
Q3) Greenfield investment involves the establishment of a new operation in a foreign country.
A)True
B)False
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Page 10
Chapter 9: Regional Economic Integration
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Sample Questions
Q1) A benefit of adopting the euro as a common currency is that it:
A)makes it easier to compare prices across Europe.
B)makes Europe an optimal currency area.
C)increases the range of investment options open only to institutions.
D)leads to higher prices, which translate into substantial gains for European producers.
E)decreases competition because it has become harder for consumers to shop around.
Q2) Briefly describe the benefits of the euro.
Q3) Which of the following is true of the East African Community (EAC)?
A)Its program includes cooperation on immigration, road and telecommunication networks, investment, and capital markets.
B)Its aim is to eliminate import tariffs among the six original members.
C)It is the world's largest free trade area.
D)It seeks to apply national environmental standards, provided such standards have a scientific basis.
E)It seeks to protect intellectual property rights.
Q4) Describe the drawbacks of the euro.
Q5) Briefly describe the Association of Southeast Asian Nations.
Q6) Describe the arguments for the North American Free Trade Agreement (NAFTA).
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Chapter 10: The Foreign Exchange Market
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Sample Questions
Q1) Which of the following is true when a government is strongly committed to controlling the rate of growth in money?
A)The country's future inflation rate may be low.
B)The country's currency will steadily depreciate significantly and instantly in the foreign exchange market.
C)The country's economy will be marked by an abundance of liquidity.
D)The country will see a good number of populist measures not funded by taxation.
E)The country will struggle to match money supply with adequate supply of goods and services.
Q2) The foreign exchange market offers complete insurance against foreign exchange risk.
A)True
B)False
Q3) Briefly describe the tactics and strategies that organizations should use to minimize foreign exchange exposure.
Q4) Explain the concepts of transaction exposure and translation exposure.
Q5) Differentiate between a lead strategy and a lag strategy.
Q6) What is meant by carry trade? Why is it risky? Explain with an example.
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Chapter 11: The International Monetary System
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Sample Questions
Q1) Describe the Jamaica agreement of 1976. What were the main elements of this agreement?
Q2) Adopting which kind of an exchange rate regime moderates inflationary pressures in a country?
A)Nominal
B)Pegged
C)Pure "free float"
D)Clean float
E)Real
Q3) Describe the three broad types of financial crises that have occurred in the post-Bretton Woods era.
Q4) Elaborate on the main criticisms of the International Monetary Fund's approach to financial crises.
Q5) Given a common gold standard, the value of any currency in units of any other currency (the exchange rate) was easy to determine.
A)True
B)False
Q6) What changes have occurred in the International Monetary Fund in recent years?
Q7) Briefly describe the pegged exchange rate regime.
Page 13
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Chapter 12: The Strategy of International Business
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Sample Questions
Q1) Which of the following allows two or more firms to share the fixed costs (and associated risks) of developing new products or processes?
A)Franchising agreement
B)Global web
C)Free trade agreement
D)Strategic alliance
E)Dispersion linkage
Q2) Firms that pursue an international strategy focus on increasing profitability by reaping the cost reductions that come from economies of scale, learning effects, and location economies.
A)True
B)False
Q3) What are core competencies? What are their advantages?
Q4) For a firm to maximize its profitability, it is necessary that it:
A)creates products similar to the products of its competitors.
B)does not configure its internal operations to reduce costs.
C)minimizes the value of the consumer surplus.
D)picks a position on the efficiency frontier that is viable.
E)strips all the value out of its product offering.
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Chapter 13: Entering Foreign Markets
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Sample Questions
Q1) If an international firm's core competence is based on proprietary technology, entering a joint venture might risk losing control of that technology to the joint-venture partner.
A)True
B)False
Q2) The most typical joint venture is a 50/50 venture, in which there are two parties, each of which holds a 50 percent ownership stake and contributes a team of managers to share operating control.
A)True
B)False
Q3) In international business, a strategic commitment has a short-term impact and is easily reversible.
A)True
B)False
Q4) How can firms avoid incurring high transport costs when exporting bulk products?
A)By taking a minority equity interest
B)By entering into a turnkey project with a foreign firm
C)By manufacturing bulk products regionally
D)By setting up subsidiaries irrespective of market reach
E)By reducing the quantity of the product offering
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Chapter 14: Exporting, Importing, and Countertrade
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Sample Questions
Q1) The type of countertrade where a firm agrees to purchase a certain amount of materials back from a country to which a sale is made is called:
A)barter.
B)counterpurchase.
C)compensation.
D)switch trading.
E)buyback.
Q2) What is the difference between a sight draft and a time draft?
Q3) Only large companies have benefited significantly from the moneymaking opportunities of exporting.
A)True
B)False
Q4) Once accepted by the drawee, a time draft becomes a(n):
A)asset for the drawee.
B)in-transit bill.
C)promise to pay by the accepting party.
D)bill of lading.
E)letter of credit.
Q5) What is an Ex-Im Bank? What is its mission and how does it pursue it?
Q6) Describe the pros and cons of countertrade.
Page 16
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Chapter 15: Global Production and Supply Chain Management
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Sample Questions
Q1) Flexible manufacturing technologies are specially targeted at enabling companies to:
A)establish multiple manufacturing facilities in each major national market.
B)build large inventories.
C)achieve product standardization across markets.
D)increase their work in progress.
E)produce customized products without a significant cost penalty.
Q2) Which of the following best describes the relationship between the number of "sigmas" and the number of errors?
A)The higher the number of "sigmas," the greater the number of errors.
B)If the number of "sigmas" is a positive value, then the number of errors is always a negative value.
C)The higher the number of "sigmas," the smaller the number of errors.
D)The number of "sigmas" is independent of the number of errors.
E)If the number of "sigmas" is a negative value, then the number of errors is always positive.
Q3) What is the role of information technology and the Internet in modern materials management?
Q4) Describe the Six Sigma methodology.
Page 17
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Chapter 16: Global Marketing and Rd
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Sample Questions
Q1) The shorter the distribution channel, the more intermediaries there are that must be persuaded to carry the product for it to reach the consumer.
A)True
B)False
Q2) Firms can reduce the failure of product development by ensuring that research and development, marketing, and production functions work independently.
A)True
B)False
Q3) The expertise, competencies, and skills of established retailers in a nation, and their ability to sell and support the products of international business are referred to as channel exclusivity.
A)True
B)False
Q4) Describe how source and country of origin effects affect the effectiveness of a firm's international communication.
Q5) Describe the influence of integrating research and development, marketing, and production on new-product development.
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Page 18
Chapter 17: Global Human Resource Management
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Sample Questions
Q1) Which of the following staffing approaches is compatible with an international strategy?
A)Ethnocentric
B)Geocentric
C)Polycentric
D)Transnational
E)Ethical
Q2) Expatriate failure represents the failure of a firm's selection policies to identify individuals who will not thrive abroad.
A)True
B)False
Q3) An expatriate's base salary is normally lower than the base salary for a similar position in the home country.
A)True
B)False
Q4) Expatriate managers who lack others-orientation tend to treat foreign nationals as if they were home-country nationals.
A)True
B)False
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