International Management Study Guide Questions
Course Introduction
International Management examines the strategies, processes, and challenges involved in managing organizations in a global context. The course explores the impact of cultural, economic, political, and legal environments on managerial decision-making across borders. Students will learn about international market entry modes, cross-cultural leadership, global human resource management, and the complexities of coordinating operations across multiple countries. Through case studies and real-world examples, the course emphasizes the development of skills necessary to address issues such as global competition, international ethics, and adaptation to diverse business practices.
Recommended Textbook
International Business The Challenges of Globalization 8th Edition by John Wild
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16 Chapters
1649 Verified Questions
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Page 2
Chapter 1: Globalization
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100 Flashcards
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Sample Questions
Q1) Crystal inc.is a multifaceted company that deals with the mining,cutting,and selling of diamonds.It gives distributors and suppliers access to its database to place orders or restock inventories electronically and automatically.Which of the following is the network implemented in the company?
A)intranet
B)chaosnet
C)extranet
D)ethernet
Answer: C
Q2) ________ place limits on the quantity of a product being imported.
A)Embargoes
B)Trade blocs
C)Nontariff barriers
D)Anti-dumping duties
Answer: C
Q3) Multinational corporations (MNCs)have direct investments abroad in multiple countries.
A)True
B)False Answer: True
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Chapter 2: Cross-Cultural Business
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Sample Questions
Q1) Businesspeople measure material culture to determine whether a market can support production activities.
A)True
B)False
Answer: True
Q2) The cultural component that deals with elements of imagery and symbolism is known as material culture.
A)True
B)False
Answer: False
Q3) Which of the following statements,if true,strengthens their argument?
A)The Education Board of France has made it mandatory for schools to teach students English as a second language.
B)The sales of English novels have risen sharply,while those of French novels have declined to a corresponding extent.
C)Stores now advertise their presence with two placards;one in English and one in French.
D)French fashions are no longer popular in English speaking countries.
Answer: B
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Page 4
Chapter 3: Political Economy and Ethics
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Sample Questions
Q1) Under a(n)________ political system,the state reigns supreme over institutions such as family,religion,business,and labor.
A)pluralistic
B)totalitarian
C)democratic
D)anarchist
Answer: B
Q2) ________ refers to the takeover of an entire industry by the government.
A)Decentralization
B)Globalization
C)Nationalization
D)Automatization
Answer: C
Q3) Totalitarian political systems include authoritarian regimes such as ________.
A)democracy and theocracy
B)anarchism and pluralism
C)communism and fascism
D)capitalism and secularism
Answer: C
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Page 5
Chapter 4: Economic Development of Nations
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Sample Questions
Q1) ________ is the value of goods and services that can be purchased with one unit of a country's currency.
A)Potential output
B)Gross national product
C)Purchasing power
D)Gross domestic product
Q2) A country that has recently increased the portion of its national production and exports derived from industrial operations is called a(n)________.
A)newly industrialized country (NIC)
B)developing country
C)emerging market
D)developed country
Q3) Which of the following terms refers to the broadest measure of economic development of a country?
A)gross domestic product (GDP)
B)purchasing power parity (PPP)
C)gross national product (GNP)
D)human development index (HDI)
Q4) How does economic development in countries affect international business?
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Chapter 5: International Trade Theory
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Sample Questions
Q1) Chuck believes that his business has grown because of his personal involvement in every step of the way.What advice do you offer Chuck as he continues to expand his business in new Asian markets?
A)Contact distributors directly to avoid misunderstandings that can arise when using third-party contacts.
B)Always stick to corporate settings when doing business to avoid misunderstandings that can arise in less formal environments.
C)Protect your interests by insisting on detailed contracts from the start.
D)Use proper intermediaries as required in Pacific Rim nations.
Q2) The theories of comparative advantage and absolute advantage assume that countries are driven only by the maximization of production and consumption.
A)True
B)False
Q3) Explain the theory of comparative advantage using an example,and describe its assumptions and limitations.
Q4) Economist David Ricardo developed the theory of comparative advantage.
A)True
B)False
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Chapter 6: Political Economy of Trade
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Sample Questions
Q1) Financial assistance given to domestic producers in the form of cash payments is an example of a(n)________.
A)ad valorem tariff
B)quota
C)subsidy
D)export tariff
Q2) Which of the following is a political motive behind a government's intervention in trade?
A)promoting a strategic trade policy
B)gaining influence over other nations
C)protecting a country from unwanted cultural influence
D)protecting young industries from competition
Q3) A(n)________ tariff is levied on an imported product and calculated partly as a percentage of its stated price and partly as a specific fee for each unit.
A)specific
B)compound
C)ad valorem
D)transit
Q4) Describe each instrument that governments use to promote trade.
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Chapter 7: Foreign Direct Investment
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Sample Questions
Q1) A firm's subsidiary built abroad from the ground up is called a(n)________.
A)greenfield investment
B)portfolio investment
C)distributive channel
D)shell corporation
Q2) According to the eclectic theory that explains FDI,an ownership advantage is the advantage that arises from internalizing a business activity rather than leaving it to a relatively inefficient market.
A)True
B)False
Q3) 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
Q4) Explain the theory of market imperfections and describe the two major market imperfections.
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Chapter 8: Regional Economic Integration
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Sample Questions
Q1) The main objectives of the Andean Community include ________.
A)introduction of tariffs for trade among member countries
B)separate policies in both transportation and certain industries
C)a common external tariff
D)a common currency
Q2) A benefit of regional economic integration is that it always expands employment opportunities in all nations.
A)True
B)False
Q3) The stated aim of Asia Pacific Economic Cooperation (APEC)is to strengthen the multilateral trading system.
A)True
B)False
Q4) The European Union (EU)and European Free Trade Association (EFTA)created the European Economic Area (EEA).
A)True
B)False
Q5) Discuss free trade areas as a level of regional economic integration.How can regional integration enable employment opportunities?
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Chapter 9: International Financial Markets
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Sample Questions
Q1) A loan in which the borrower promises to repay the borrowed amount plus a predetermined rate of interest is called a(n)________.
A)equity
B)exchange rate
C)stock
D)debt
Q2) The world's three most important financial centers are ________.
A)Zurich,Paris,and Washington
B)China,Brazil,and Mexico
C)Tokyo,London,and New York
D)Dubai,Beijing,and Germany
Q3) Liquidity refers to the ease with which bondholders and shareholders may convert their investments to cash.
A)True
B)False
Q4) All of Europe's currencies combined are referred to as Eurocurrency.
A)True
B)False
Q5) Explain the function of spot rates and the spot market.
Q6) What is the foreign exchange market? Explain why investors use this market.
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Chapter 10: International Monetary System
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Sample Questions
Q1) The IMF asset whose value is based on a "weighted basket" of four currencies is called a special drawing right.
A)True
B)False
Q2) Predictable exchange rates increase the need for currency hedging.
A)True
B)False
Q3) The efficient market view holds that ________.
A)companies can search for new pieces of information to improve forecasting
B)forward exchange rates provide the least accurate forecasts of future exchange rates
C)companies must spend time and money collecting and examining information believed to affect future exchange rates
D)prices of financial instruments reflect all publicly available information at any given time
Q4) Low unemployment rates can lead to higher inflation.
A)True
B)False
Q5) Briefly describe how exchange rates influence business activities.
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Page 12
Chapter 11: International Strategy and Organization
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112 Flashcards
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Sample Questions
Q1) The main benefit of a global strategy is that it allows companies to monitor buyer preferences closely in each local market.
A)True
B)False
Q2) A company that is closing factories with unused capacity and laying-off workers is most likely following a ________ strategy.
A)growth
B)retrenchment
C)stability
D)combined
Q3) Objectives at the highest level in a company are always stated in the most specific terms.
A)True
B)False
Q4) Discuss the major points of differences between centralization and decentralization,and explain the differences between an international area structure and a global product structure.
Q5) Explain the different ways in which products can be differentiated,providing an example of each.
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Chapter 12: Analyzing International Opportunities
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Sample Questions
Q1) Which of the following stages of the market-screening process would require John to visit a potential market personally?
A)assessment of the national business environment
B)selection of the market
C)identification of the basic appeal for markets
D)measurement of market potential
Q2) ________ cannot indicate how individuals feel about a company or its product.
A)Surveys
B)Industry data
C)Consumer panels
D)Interviews
Q3) Products made in emerging countries tend to be evaluated more positively than those from relatively more developed countries.
A)True
B)False
Q4) Governments bar international companies from entering economic sectors like energy exploration for security reasons.
A)True
B)False
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Chapter 13: Selecting and Managing Entry Modes
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Sample Questions
Q1) Which of the following occurs when a company sells its products to buyers in a target market without going through intermediary companies?
A)export through local distributors
B)export through agents
C)sale through export management companies
D)sale through export trading companies
Q2) Gro-Tru would be engaging in ________,if it decides that in exchange for a hard-currency sale it would make a hard-currency purchase of an unspecified product from the importing nation in the future.
A)barter
B)offset
C)switch trading
D)buyback
Q3) When one company is hired to design,construct,and test a production facility for a client,the arrangement is called ________.
A)a turnkey project
B)licensing
C)a joint venture
D)franchising
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Page 15
Chapter 14: Developing and Marketing Products
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Sample Questions
Q1) Upper or lower limits placed on the prices of products sold within a country are known as ________.
A)price controls
B)transfer prices
C)price escalators
D)arm's length prices
Q2) A pricing policy in which one selling price is established for all international markets is called ________.
A)dual pricing
B)value-based pricing
C)worldwide pricing
D)target pricing
Q3) Developed nations normally have the most active counterfeiting markets.
A)True
B)False
Q4) The product adaptation/communications extension method adapts both the product and its marketing communication to suit the target market.
A)True
B)False
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Chapter 15: Managing International Operations
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Sample Questions
Q1) Which of the following is most likely a potential benefit for Echo if it outsources some of its manufacturing activities?
A)heightened communications awareness
B)increased activity in e-commerce sales
C)strong intellectual property protection
D)eliminating the exposure of assets to political risk
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 plans to examine Wilson's ability to produce enough bags to satisfy their customers' demands.This evaluation is known as ________.
A)capacity planning
B)process planning
C)lean production
D)product structure modeling
Q4) What are the options available to companies seeking financial resources?
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Chapter 16: Hiring and Managing Employees
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Sample
Questions
Q1) What factors influence the wages of nonmanagerial workers?
Q2) Which of the following is the correct order of the different methods of cultural training from the least advanced to the most advanced?
A)environmental briefings;language training;cultural orientations
B)cultural orientations;field experience;language training
C)cultural assimilation;language training;field experience
D)sensitivity training;cultural orientations;field experience
Q3) Which of the following approaches to cultural training gets a trainee "under the skin" of the local people?
A)language training
B)cultural narcissism
C)sensitivity training
D)cultural orientation
Q4) ________ would most likely be recruited for nonmanagerial positions at foreign subsidiaries that do not require specialized skills.
A)Recent graduates from colleges in the home country
B)Home-country specialists
C)Workers from the local host-country market
D)Current employees from the company headquarters
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