International Management Test Preparation
Course Introduction
International Management explores the strategies, practices, and challenges faced by organizations operating in a global environment. The course examines topics such as cross-cultural communication, international market entry, global leadership, and the impact of political, economic, and legal systems on international business operations. Students learn to analyze complex global contexts, adapt management approaches to diverse cultural settings, and develop effective strategies for navigating the dynamic and interconnected world of international business. Through case studies and real-world examples, the course prepares students to make informed decisions and lead successfully in multinational organizations.
Recommended Textbook
Global Business 4th Edition by Mike W. Peng
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17 Chapters
1326 Verified Questions
1326 Flashcards
Source URL: https://quizplus.com/study-set/1760
Page 2
Chapter 1: Globalizing Business
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/35057
Sample Questions
Q1) The gross domestic product plus the income from non-resident sources abroad gives the ____.
A) gross national product
B) per capita income
C) purchasing power parity
D) net national income
Answer: A
Q2) Emerging markets contribute about 30% of global GDP without adjusting for purchasing power parity (PPP).
A)True
B)False
Answer: True
Q3) Which of the following is true of the Group of 20 (G-20)?
A) It only has 19 member countries.
B) It doesn't represent any European nation.
C) It meets annually to discuss environmental issues.
D) It includes many regional blocs.
Answer: A
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3
Chapter 2: Understanding Formal Institutions: Politics, laws, and Economics
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/35058
Sample Questions
Q1) In private ownership,liquidation of a firm is forced by competition.
A)True
B)False
Answer: True
Q2) All Western countries practice the absolute laissez-faire philosophy in trade.
A)True
B)False
Answer: False
Q3) Civil law uses comprehensive statutes and codes as a primary means to form legal judgments.
A)True
B)False
Answer: True
Q4) Right-wing totalitarianism refers to the monopolization of power in the hands of a communist party.
A)True
B)False
Answer: False
Page 4
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Chapter 3: Emphasizing Informal Institutions: Cultures, ethics, and Norms
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/35059
Sample Questions
Q1) _____ refers to the quality of a society that perceives its own culture,ethics,and norms as natural,rational,and morally right.
A) Polycentrism
B) Ethnocentrism
C) Anthropocentrism
D) Social mobility
Answer: B
Q2) Confucianism has been a leading philosophy in East Asian business ethics.
A)True
B)False
Answer: True
Q3) Which of the following languages is considered the lingua franca of global business?
A) English
B) Chinese
C) Spanish
D) French
Answer: A
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Chapter 4: Leveraging Resources and Capabilities
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/35060
Sample Questions
Q1) Which of the following firms is most likely to have a sustained competitive advantage based on the VRIO framework?
A) A firm with valuable but common resources and capabilities
B) A firm with valuable and rare but imitable resources and capabilities
C) A firm with valuable, rare, inimitable resources, and organizationally capabilities
D) A firm with non-value-adding resources and capabilities
Q2) Captive sourcing is also known as foreign direct investment (FDI).
A)True
B)False
Q3) Which of the following is an example of a firm's technological resources and capabilities?
A) Location of plants, offices, and equipment
B) Managerial talents of employees
C) Possession of patents, trademarks, copyrights, and trade secrets
D) Reputation of employees as socially responsible citizens
Q4) An original equipment manufacturer does not include marketing in its value chain activities.
A)True
B)False
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Chapter 5: Trading Internationally
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/35061
Sample Questions
Q1) Antidumping duties are a type of tariff barrier.
A)True
B)False
Q2) In the context of tariff barriers,deadweight costs = _____.
A) total inefficiency - net gain
B) net loss - net gain
C) total inefficiency - net loss
D) total inefficiency - net gain - net loss
Q3) The concept of opportunity cost is crucial to the theory of comparative advantage.
A)True
B)False
Q4) _____ are the most direct denial of absolute or comparative advantage.
A) Quotas
B) Tariffs
C) Local content requirements
D) Subsidies
Q5) Briefly explain the classical theory of mercantilism.
Q6) Discuss the characteristics of the modern trade theories.
Q7) Discuss the economic arguments against free trade.
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Chapter 6: Investing Abroad Directly
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/35062
Sample Questions
Q1) In the context of FDI,ownership refers to MNEs' possession and leveraging of certain valuable,rare,hard-to-imitate,and organizationally embedded (VRIO) assets overseas.
A)True
B)False
Q2) OLI advantages refers to a firm's quest for outsourcing (O) advantages,licensing (L)?advantages,and importing (I) advantages.
A)True
B)False
Q3) Capital inflow can help improve a host country's balance of payments.
A)True
B)False
Q4) _____ knowledge can be written down and transferred without losing much of its richness.
A) Explicit
B) Implicit
C) Tacit
D) Inherent
Q5) Differentiate between the radical,the free market and pragmatic nationalism view on FDI.
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Chapter 7: Dealing With Foreign Exchange
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/35063
Sample Questions
Q1) A country highly productive in manufacturing typically generates a merchandise trade deficit.
A)True
B)False
Q2) A currency board is a monetary authority that issues notes and coins convertible into a key foreign currency at a _____ exchange rate.
A) clean floating
B) dirty floating
C) fixed
D) target
Q3) A country's current account deficit can only be financed using its savings.
A)True
B)False
Q4) Forward transactions allow participants to buy and sell currencies now for future delivery.
A)True
B)False
Q5) Identify the difference between fixed and floating exchange rates.Provide an example of a situation where the fixed and floating exchange rates were used.
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Chapter 8: Capitalizing on Global and Regional Integration
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/35064
Sample Questions
Q1) Describe the European Union as an economic union.
Q2) Which of the following characterizes a customs union?
A) It requires each member to maintain different external policies regarding non-members.
B) It imposes common external policies on non-members.
C) It integrates the political and economic affairs of a region.
D) It permits the free movement of goods and people among its members.
Q3) The former Soviet Union is an example of a political union.
A)True
B)False
Q4) GATT 1994 refers to the agreement governing the international trade of goods in the WTO.
A)True
B)False
Q5) The refusal of Japan,the EU,and the US to reduce farm subsidies was one of the reasons for the collapse of the Doha Round.
A)True
B)False
Q6) Discuss the benefits and costs faced by the EU member countries sharing a common currency,the euro.
Page 10
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Chapter 9: Growing and Internationalizing the Entrepreneurial Firm
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/35065
Sample Questions
Q1) A ____ is a financial contract that states that the importer's bank will pay a specific sum of money to the exporter upon delivery of the merchandise.
A) bill of lading
B) deed
C) letter of credit
D) bill of exchange
Q2) Foreign firms interested in becoming licensees or franchisees have to put their own capital up front.
A)True
B)False
Q3) Family background and educational attainment correlate with entrepreneurship. A)True
B)False
Q4) A letter of credit increases transaction costs by increasing transaction risks. A)True
B)False
Q5) Foreign acquisitions are an example of an FDI entry into foreign markets. A)True
B)False
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Chapter 10: Entering Foreign Markets
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/35066
Sample Questions
Q1) The existence of multiple currencies and the resultant currency risks can be viewed as informal trade and investment barriers.
A)True
B)False
Q2) Greenfield operations and acquisitions have complete equity and operational control.
A)True
B)False
Q3) The "leverage" in the LLL framework focuses on an MNE's deep understanding of its customer needs and wants.
A)True
B)False
Q4) Innovation-seeking firms often single out the most efficient locations featuring a combination of scale of economies and low cost factors.
A)True
B)False
Q5) How do foreign firms crack new markets against strong local competition?
Q6) What are turnkey projects? What are its advantages and disadvantages compared to other modes of entry?
Page 12
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Chapter 11: Managing Global Competitive Dynamics
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/35067
Sample Questions
Q1) Market commonality refers to the degree of similarity between two rival's products.
A)True
B)False
Q2) ____ best suits situations where the pressures to globalize are relatively low,and local firms' strengths lie in a deep understanding of local markets.
A) Defender strategy
B) Extender strategy
C) Dodger strategy
D) Contender strategy
Q3) Define predatory pricing.Why is it difficult to win a domestic predation case in the United States?
Q4) 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
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13
Chapter 12: Making Alliances and Acquisitions Work
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/35068
Sample Questions
Q1) Elaborate on the factors that may influence alliance performance.
Q2) Which of the following reasons for cross-border acquisition failure is associated with pre-acquisition?
A) Failure to address multiple stakeholder groups' concerns
B) Poor organizational fit
C) Nationalistic concerns against foreign takeovers (political and media levels)
D) Clashes of organizational cultures
Q3) Equity,learning and experience,relational capabilities,and nationality are four factors that may influence alliance performance.
A)True
B)False
Q4) Which is the best-case scenario for a non-equity-based alliance?
A) High tacitness and low influence of formal institutions
B) Low potential as real options and low influence of formal institutions
C) High tacitness and high importance of direct organizational monitoring and control
D) Low tacitness and low importance of direct organizational monitoring and control
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Chapter 13: Strategizing,structuring,and Learning Around the World
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/35069
Sample Questions
Q1) The integration-responsiveness framework allows managers to deal with the pressures for both global integration and local responsiveness.
A)True
B)False
Q2) Cost pressures often push MNEs to adapt locally.
A)True
B)False
Q3) Explicit knowledge is codifiable.
A)True
B)False
Q4) Innovations flow only from the host countries to the home country in a transnational strategy.
A)True
B)False
Q5) Which element of knowledge management faces the common problem of employee turnover?
A) Knowledge inflow
B) Knowledge transmission
C) Knowledge outflow
D) Knowledge retention
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Chapter 14: Competing on Marketing and Supply Chain Management
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/35070
Sample Questions
Q1) _____ refers to all the communications that marketers insert into the marketplace.
A) Purchasing specification
B) Product orientation
C) Promotion
D) Prospecting
Q2) Total cost of ownership is often explicitly evaluated prior to purchase decisions.
A)True
B)False
Q3) In the context of achieving alignment,if a recognized leader in a supply chain exercises power,it facilitates legitimacy and efficiency of the whole supply chain.
A)True
B)False
Q4) Agility focuses on flexibility that can overcome short-term fluctuation in the supply chain.
A)True
B)False
Q5) Elaborate on the triple As in supply chain management.
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Chapter 15: Managing Human Resources Globally
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/35071
Sample Questions
Q1) Which of the following types of employees in MNEs are often known as locals?
A) Multinationals
B) Third-country nationals
C) Parent-country nationals
D) Host-country nationals
Q2) Identify different staffing approaches for subsidiaries.
Q3) An MNE with transnational strategy typically staffs host-country nationals.
A)True
B)False
Q4) Integrating individuals from two (parent and host) countries is a lot more complex than molding managers from a variety of nationalities.
A)True
B)False
Q5) Non-native employees who work and reside in a foreign country are known as _____.
A) host-country nationals
B) expatriates
C) multinationals
D) repatriates
Q6) What are the problems related with inpatriation?
Page 17
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Chapter 16: Financing and Governing the Corporation
Globally
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/35072
Sample Questions
Q1) Listing shares on foreign stock exchanges is known as _____.
A) capital rationing
B) diagonal spread
C) cross-listing
D) primary listing
Q2) 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
Q3) From a corporate governance perspective,the market for corporate control complements product market competition and the market for private equity.
A)True
B)False
Q4) Explain the role of the Board of Directors.
Q5) Tunneling is a legal method of solving principal-principal conflicts.
A)True
B)False
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Chapter 17: Managing Corporate Social Responsibility
Globally
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78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/35073
Sample Questions
Q1) Which of the following drives the urgent need for global sustainability?
A) Internationalization of firms from the U.S. in a more rapid pace than ever
B) Decreased participation of NGOs in monitoring and enforcing social standards
C) Rising levels of population and poverty calling for new ideas and solutions
D) The discovery of new sources of non-renewable natural resources
Q2) Global sustainability refers only to a sustainable social and natural environment.
A)True
B)False
Q3) List some corporate social responsibilities recommended by international organizations for multinational enterprises with regard to technology transfer.
Q4) Which of the following corporate social responsibilities with regard to employment practices is recommended for MNEs by international organizations?
A) Restrict collective bargaining
B) Give advance notice of plant closures and mitigate the adverse effects
C) Refrain from improper or illegal involvement in local politics
D) Consult governmental authorities and national employers' and workers' organizations to ensure conformance to the economic and social development policies
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