International Management
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Course Introduction
International Management explores the complexities and challenges of managing organizations in a globalized business environment. The course examines key topics such as cross-cultural communication, global strategy, international market entry, and the management of multicultural teams. Students will analyze how multinational corporations navigate diverse regulatory systems, economic landscapes, and cultural contexts. Through case studies and practical applications, learners will develop the skills necessary to make informed decisions, lead international teams, and adapt management practices to the dynamic global marketplace.
Recommended Textbook
International Business The Challenges of Globalization 7th Global Edition by John Wild
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16 Chapters
1669 Verified Questions
1669 Flashcards
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Chapter 1: Globalization
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100 Verified Questions
100 Flashcards
Source URL: https://quizplus.com/quiz/41907
Sample Questions
Q1) The World Trade Organization's dispute settlement system has the ability to penalize offending nations.
A)True
B)False
Answer: True
Q2) The ________ replaced the institution of GATT while retaining all of the former GATT agreements.
A)World Trade Organization
B)Federation of International Trade Association
C)Commonwealth of Nations
D)International Monetary Fund
Answer: A
Q3) The ________ is an agency created to provide financing for national economic development efforts.
A)Global Financial Markets Association
B)World Trade Organization
C)Financial Stability Board
D)World Bank
Answer: D
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Page 3
Chapter 2: Cross-Cultural Business
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) Which of the following terms is defined as the set of values,beliefs,rules,and institutions held by a specific group of people?
A)law
B)philosophy
C)culture
D)science
Answer: C
Q2) Reverse brain drain is the process by which ________.
A)manual laborers migrate from low-income countries to high-income countries
B)former communist nations lure professionals back to their homeland
C)students from Europe choose to enroll themselves in American universities
D)companies in high-income countries hire people from low-income countries to fill white-collar positions
Answer: B
Q3) Folk customs that spread by cultural diffusion to other regions develop into popular customs.
A)True
B)False
Answer: True
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Page 4
Chapter 3: Politics, Law, and Business Ethics
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102 Verified Questions
102 Flashcards
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Sample Questions
Q1) ________ political systems include democracies,constitutional monarchies,and some aristocracies.
A)Totalitarian
B)Anarchist
C)Fascist
D)Pluralistic
Answer: D
Q2) Which of the following is a characteristic of totalitarian governments?
A)Political dissidents can oppose the government with no repercussions.
B)Citizens are guaranteed civil,property,and minority rights.
C)The means of production are owned by the people who use them.
D)Leaders rule without the explicit approval of the people.
Answer: D
Q3) Corporate social responsibility is the practice of going beyond legal obligations to actively balance commitments to investors,customers,other companies,and communities.
A)True
B)False
Answer: True
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Page 5
Chapter 4: Economics and Emerging Markets
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) Sergei believes that it is important to know the origin of the economic system in each country.He learns that the idea of central economic planning that was practiced in Russia,was popularized in the nineteenth century by ________.
A)Peter Drucker
B)Frederick Taylor
C)Karl Marx
D)Abraham Maslow
Q2) Describe the three main types of economic systems.
Q3) Volunteer work and unpaid household work are included in GNP.
A)True
B)False
Q4) Entrepreneurs are businesspeople who accept the risks and opportunities involved in operating new business ventures.
A)True
B)False
Q5) Discuss the factors that contributed to the collapse of centrally planned economies.
Q6) What is privatization? What role does it play in economic transition?
Q7) Compare and contrast the business environments in China and Russia.
Page 6
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Chapter 5: International Trade
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100 Flashcards
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Sample Questions
Q1) Discuss the factor proportions theory and describe the evidence on this theory.
Q2) Economist David Ricardo developed the theory of comparative advantage.
A)True
B)False
Q3) Factor proportions theory was developed by ________.
A)Smith and Ricardo
B)Ricardo and Ohlin
C)Heckscher and Ohlin
D)Heckscher and Smith
Q4) According to Adam Smith,international trade should be restricted by tariffs and quotas in order to give a country an absolute advantage.
A)True
B)False
Q5) Trade in services tends to be relatively more important for the world's richest countries.
A)True
B)False
Q6) Explain how the national competitive advantage theory supports and builds upon the factor proportions theory.
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Chapter 6: Business-Government Trade Relations
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108 Verified Questions
108 Flashcards
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Sample Questions
Q1) The automobile industry is typically protected for national security reasons.
A)True
B)False
Q2) Which of the following is true of quotas?
A)They are the most common type of trade barrier.
B)They help domestic producers maintain their market shares and prices.
C)Their licenses are granted by governments to other nation companies on a five-year basis.
D)They lead to a decrease in the prices of intermediate goods.
Q3) Discuss the benefits and drawbacks of strategic trade policy.How are the drawbacks of subsidies similar to the drawbacks of strategic trade policy?
Q4) Which of the following statements is true of tariffs?
A)They are the major source of government revenue in developed nations.
B)They increase products' appeal to buyers.
C)They lower the effective prices of imports.
D)They protect domestic producers.
Q5) Tariffs are a source of government revenue mostly among developing nations.
A)True
B)False
Q6) Describe the different types of tariffs and provide an example of each.
Page 8
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Chapter 7: Foreign Direct Investment
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104 Verified Questions
104 Flashcards
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Sample Questions
Q1) According to the international product life cycle theory,in which of the following stages is a good produced in the home country because of uncertain domestic demand and to keep production close to the research department?
A)standardized product stage
B)maturing product stage
C)declining product stage
D)new product stage
Q2) Exports and imports of tangible goods are included in the ________ account of a country's balance of payments.
A)savings
B)capital
C)merchandise
D)services
Q3) Not all factors of production are internationally mobile.
A)True
B)False
Q4) Explain the various methods that host countries use to restrict and promote foreign direct investment.
Q5) Discuss why a host country might promote or restrict foreign direct investment.
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Chapter 8: Regional Economic Integration
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112 Flashcards
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Sample Questions
Q1) A group of nations in a geographic region undergoing economic integration is called a regional trading bloc.
A)True
B)False
Q2) The European Union plan that established its own central bank and currency in January 1999 is known as the ________.
A)Single European Act
B)European monetary union
C)Copenhagen Criteria
D)Southern Common Market
Q3) An increase in the level of trade among nations that results from regional economic integration is called ________.
A)trade diversion
B)mercantilism
C)trade creation
D)economic nationalism
Q4) Explain how political cooperation is a benefit of regional integration.How has the Gulf Cooperation Council (GCC)evolved towards political cooperation?
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Page 10
Chapter 9: International Financial Markets
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109 Verified Questions
109 Flashcards
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Sample Questions
Q1) Foreign bonds issued and traded in Asia outside Japan and normally denominated in dollars are called ________.
A)bulldog bonds
B)yankee bonds
C)samurai bonds
D)dragon bonds
Q2) Which of the following is a debt instrument that specifies the timing of principal and interest payments?
A)stock
B)bond
C)share
D)equity
Q3) Eurobonds are popular because ________.
A)they are less risky than traditional bonds
B)they are always denominated in euros
C)governments of nations in which they are sold do not regulate them
D)European companies are considered very stable
Q4) What is an offshore financial center? Differentiate between an operational center and a booking center,providing examples for each.
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Chapter 10: International Money System
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Sample Questions
Q1) If money were free from all controls when transferred internationally,the real rate of interest would ________.
A)be the same in all countries
B)be the same as the inflation rate
C)create arbitrage opportunities across countries
D)create arbitrage opportunities in developed countries
Q2) Describe the most important features of the international monetary system created by the Bretton Woods Agreement.
Q3) Predictable exchange rates reduce the need for ________.
A)currency conversion
B)currency swap
C)currency depreciation
D)currency hedging
Q4) Explain how movement in a currency's exchange rate affects the activities of both domestic and international companies.Discuss how companies can export successfully despite having a strong currency.
Q5) Currency devaluation increases consumers' buying power.
A)True
B)False
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Chapter 11: International Strategy and Organization
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112 Flashcards
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Sample Questions
Q1) Decreasing levels of customer loyalty to an organization's products is a major disadvantage of the ________ strategy.
A)blue ocean
B)stability
C)low-cost leadership
D)growth
Q2) Which of the following is considered as a support activity in an organization?
A)inbound logistics
B)marketing and sales
C)procurement
D)customer service
Q3) ________ is the process of dividing a company's activities into primary and support activities and identifying those that create value for customers.
A)Fundamental analysis
B)Technical analysis
C)Structural analysis
D)Value-chain analysis
Q4) How do national and international business environments influence multinational strategy formulation?
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Chapter 12: Analyzing International Opportunities
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106 Verified Questions
106 Flashcards
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Sample Questions
Q1) When creating a market-potential indicator for an emerging market,market consumption capacity is often estimated from the ________.
A)growth in gross domestic product
B)percentage of a market's population in the middle class
C)gross domestic product at purchasing power parity
D)amount of energy the total population produces
Q2) Which of the following steps of the the market screening process involves an evaluation of the government bureaucracy?
A)identification of basic appeal of a market
B)assessment of the national business environment
C)measurement of market or site potential
D)selection of the market or site
Q3) Which of the following is a difficulty associated with conducting international market research?
A)protection of data
B)availability of data
C)economic differences
D)political differences
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Chapter 13: Selecting and Managing Entry Modes
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Sample Questions
Q1) What are the advantages of pursuing a wholly owned subsidiary as an entry strategy?
Q2) The board of directors of Sports Stuff is concerned with the firm's lack of experience in foreign markets.To minimize this problem,Herb recommends that the firm create a ________ with a local partner.
A)joint venture
B)turnkey project
C)wholly owned subsidiary
D)franchise
Q3) Letters of credit are popular among traders because most of the risks are assumed by ________.
A)distributors
B)importers
C)exporters
D)banks
Q4) A sight draft extends the period of time following delivery by which the importer must pay for goods.
A)True
B)False
Q5) What are the differences between a turnkey project and a strategic alliance?
Page 15
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Chapter 14: Developing and Marketing Products
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103 Flashcards
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Sample Questions
Q1) Product differentiation is more likely when nations share the same level of economic development.
A)True
B)False
Q2) Differentiate between the push and pull promotional strategies.Explain the factors that determine whether the push or the pull strategy is appropriate in a given marketing environment.
Q3) The product adaptation/communications extension method adapts both the product and its marketing communication to suit the target market.
A)True
B)False
Q4) As a promotional strategy,manufacturers of products that are commonly sold through department and grocery stores often use ________.
A)a push strategy
B)a pull strategy
C)retrenchment strategy
D)stability strategy
Q5) Explain the primary concerns of managers when establishing distribution policies.
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Chapter 15: Managing International Operations
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99 Verified Questions
99 Flashcards
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Sample Questions
Q1) Companies make products rather than buy them in order to reduce total costs.
A)True
B)False
Q2) Which of the following processes will a computer assembling firm engage in if it decides to manufacture its own monitors and printers?
A)outsourcing
B)vertical integration
C)niche marketing
D)lean production
Q3) The board will also examine new production techniques the company could use to create its product.This examination is a part of ________.
A)capacity planning
B)process planning
C)facilities location planning
D)centralized production
Q4) Describe the production managers' decision regarding whether to centralize or decentralize production facilities,and explain the benefits of vertical integration.
Q5) What are the options available to companies seeking financial resources?
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Chapter 16: Hiring and Managing Employees
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101 Flashcards
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Sample Questions
Q1) The compensation of nonmanagerial workers is strongly influenced by increased cross-border business investment.
A)True
B)False
Q2) The early return by an employee from an international assignment because of inadequate job performance is called ________.
A)culture shock
B)decruitment
C)reverse culture shock
D)expatriate failure
Q3) Which of the following is a major drawback of ethnocentric staffing?
A)high costs of relocating managers
B)loss of control over host-country operations
C)loss of control over home-country operations
D)difficulty in the transfer of special know-how between branches
Q4) Compare and contrast the methods of cultural training.Is any single method better than all the others?
Q5) Differentiate between culture shock and reverse culture shock.How can companies help employees deal with such issues?
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