Global Strategy
Final Exam
Course Introduction
Global Strategy examines how organizations operate and compete in an increasingly interconnected and dynamic international environment. The course explores frameworks and tools for analyzing global markets, competitive advantages, and cross-border management challenges. Students will learn to assess the impact of cultural, political, and economic differences on multinational strategies, evaluate entry modes into foreign markets, and formulate strategies for global growth and innovation. Case studies and real-world examples are used to illustrate the complexities of international business and the strategic decisions firms must make to succeed on a global scale.
Recommended Textbook
Global Business Today 3rd Edition by Charles W. L. Hill Dr
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14 Chapters
699 Verified Questions
699 Flashcards
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Page 2
Chapter 1: Globalisation
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Sample Questions
Q1) In keeping with the normative prescriptions of liberal economic ideology,in country after country we have seen state-owned businesses privatised,widespread deregulation adopted,markets opened to more competition,and commitment increased to removing barriers to cross-border trade and investment.All of this helps to:
A)achieve economic dominance over the rest of the world.
B)ensure authoritarian governments shift in emphasis towards more democratic controls.
C)facilitate a move towards the establishment of a more global economic system.
D)predict shifts (along with their attendant risks)in the economic,political,social,technological and environmental structures of the worlD.
Answer: C
Q2) In establishing their credentials,companies such as McDonald's hamburgers,Samsung phones and Apple iPads apply the same basic formula worldwide,which is to:
A)standardise its product offerings,and then adapt to local conditions.
B)adapt its product offerings,and then standardise to local conditions.
C)outsource manufacturing to key suppliers.
D)open large warehouses under franchise agreement.
Answer: A
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Page 3
Chapter 2: Theories of Trade: Investment and Internationalisation
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Sample Questions
Q1) According to the Uppsala model of internationalisation,firms will enter markets that are ___________.
A)geographically close
B)psychically close
C)psychically distant
D)geographically distant
Answer: B
Q2) A situation in which a gain by one party results in a loss by another is called a zero-sum game.
A)True
B)False
Answer: True
Q3) According to the new trade theory,firms that establish ______antage with regards to the production of a particular new product may subsequently dominate global trade in that product.
A)a competitive
B)a comparative
C)an absolute
D)a first-mover
Answer: D
Page 4
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Chapter 3: The Political Economy of Trade and Investment
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Sample Questions
Q1) The General Agreement on Tariffs and Trade (GATT)and the World Trade Organization (WTO)were successful in ______riff barriers on manufactured goods and commodities,but there has been ______ogress on agricultural trade and FDI liberalisation.
A)raising;no
B)stopping;significant
C)enabling;disappointing
D)lowering;little
Answer: C
Q2) There is a strong correlation between trade and FDI liberalisation.
A)True
B)False
Answer: True
Q3) Host governments worry that FDI is accompanied by some loss of economic independence.Their fear is attributed to:
A)protectionism,tariffs and subsidies.
B)quotas,dumping and government capture.
C)export processing zones,rules of origin and quota rent.
D)transfer pricing,repatriation of funds and national sovereignty.
Answer: D
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Chapter 4: Foreign Exchange and the International Monetary System
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Sample Questions
Q1) Due to its central role in so many foreign exchange deals,the US dollar is regarded as ________ currency.
A)a vehicle
B)a potent
C)an important
D)a widespread
Q2) Exchange rate regimes or systems range from a pure 'free float',where the exchange rate is determined by the unfettered market forces of demand and supply,to a 'fixed-peg system'-more generally referred to as a fixed exchange rate system.The almost pure form of a fixed-pegged system was the:
A)purchasing power standard.
B)floating exchange rate.
C)Fisher effect.
D)gold standarD.
Q3) Reducing a firm's economic exposure requires longer-term strategic choices about:
A)vested interests and economic conversion rights in the business.
B)the competition and their ability to drive value for customers.
C)non-repudiation of contracts and the law of one price.
D)the sources of supplies and the location of production plants.
Page 6
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Chapter 5: Differences in Culture
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Sample Questions
Q1) Mahayana Buddhism is practised predominantly in which of the following locations?
A)North America and Western Europe
B)Eastern Europe and the republics of the former Soviet Union
C)Thailand,Cambodia and Myanmar
D)China,Korea and Japan
Q2) In an example of cultures such as Australia and China where there is a noticeable difference in work-related values,an international business with operations in both countries always vary their management processes and practices to account for these differences.
A)True
B)False
Q3) What is the world's oldest major religion?
A)Buddhism
B)Islam
C)Confucianism
D)Hinduism
Q4) Australian culture,by and large,has an emphasis on individualism.
A)True
B)False
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Chapter 6: Political and Legal Environments
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Sample Questions
Q1) A more liberal 'right-leaning' ideology would see the government's role as one of facilitating within:
A)a market system and private enterprise.
B)a command system and public enterprise.
C)a laissez-faire system with no enterprise.
D)an autocracy.
Q2) All democracies are the same.
A)True
B)False
Q3) The bundle of legal rights over the use to which a resource is put,and over the use made of any income that may be derived from that resource,are called ______ights.
A)statutory
B)asset
C)taxable
D)property
Q4) Common law is the same as civil law.
A)True
B)False
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Chapter 7: Economic Environment
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Sample Questions
Q1) PPP is an acronym that stands for:
A)power purchasing procedures.
B)procurement priority procedures.
C)priority patent procedures.
D)purchasing power parity.
Q2) Since the demise of Communism in the late 1980s,the number of command economies has:
A)remained the same.
B)reached zero.
C)increased.
D)decreaseD.
Q3) The common terms for a stylised version of a business cycle are called:
A)principal and interest.
B)growth and decline.
C)cyclical and circular.
D)peak and trough.
Q4) Innovation refers to the created assets of an economy that support business.
A)True
B)False
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Chapter 8: Ethics and Corporate Responsibilty
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Sample Questions
Q1) Distribution of economic goods and services that are fair and equitable is based on the principle of:
A)cultural relativism.
B)just theories.
C)distribution theories.
D)codes of ethics.
Q2) The idea that businesspeople should take into account the social consequences of economic actions when making business decisions is regarded as:
A)an ethical dilemma to consider.
B)a moral obligation to perform.
C)an invidious decision to be in.
D)a legal obligation to warrant.
Q3) Home-country managers working abroad in multinational firms (expatriate managers)may experience ______an the usual degree of pressure to violate their personal ethics.
A)less pressure
B)more pressure
C)lower pressure
D)no pressure
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Page 10
Chapter 9: Country Market Analysis
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Sample Questions
Q1) When undertaking a major analysis to determine which markets to enter,the textbook focus is on __________ overview.
A)microeconomic
B)macroeconomic
C)strategic
D)operational
Q2) The advantages frequently associated with entering a market early are commonly known as:
A)inaugural advantages.
B)first-mover advantages.
C)initial-entrant premiums.
D)proactive-mover benefits.
Q3) After a firm has identified the country market,the firm then must consider the timing and scale of entry.
A)True
B)False
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Chapter 10: The Strategy of International Business
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Sample Questions
Q1) Managing an alliance successfully requires building interpersonal relationships between the firms' managers,or what is sometimes referred to as:
A)relational capital.
B)personal capital.
C)personality advantage.
D)relationship advantage.
Q2) Production is concerned with:
A)the creation of a good or service.
B)productivity and sales.
C)making a profit.
D)customers.
Q3) The appropriateness of the strategy that a firm uses in an international market varies with the extent of pressures for ____________d ________________.
A)cost reductions;availability of financing.
B)price concessions;quality improvements
C)availability of financing;product standardisation
D)cost reductions;local responsiveness
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Chapter 11: Entering Foreign Markets
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Sample Questions
Q1) Exporting has two advantages: These are:
A)forging alliances partners along with sensible exporting.
B)the multiplier effect along with growth prospects.
C)contract manufacturing along with nurturing direct contacts.
D)avoiding substantial manufacturing costs along with experience curve advantages.
Q2) The distinct disadvantages of ____________are the high development costs and risks.
A)wholly owned subsidiary ventures
B)contract manufacturing arrangements
C)strategic alliance structures
D)franchising businesses
Q3) A 'sunset' clause is an arrangement that provides for termination in what type of agreement?
A)business networks
B)wholly owned subsidiary
C)franchise
D)joint venture
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13
Chapter 12: International Marketing and RD
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Sample Questions
Q1) Invented in Australia,polymer banknotes are now used widely due to their technological innovation,design and:
A)demand.
B)supply.
C)durability.
D)size.
Q2) If a company wanted to reach a large consumer audience and create a symbolic image or appeal for a new brand,which promotional mix element would probably be used?
A)advertising
B)personal selling
C)sales promotion
D)public relations
Q3) In some countries such as Australia,the retail system is very concentrated,but in others it is fragmented.In a concentrated retail system:
A)publicity is free while advertising costs are high.
B)the practitioner controls advertising but not publicity.
C)publicity targets multiple publics while advertising targets only consumers.
D)few retailers supply most of the market.
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Page 14
Chapter 13: International Production, Outsourcing and Logistics
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Sample Questions
Q1) Buying component parts from independent suppliers gives the firm which of the following advantages?
A)may help the firm to capture orders from international customers,facilitates the scheduling of adjacent processes and greater flexibility
B)greater flexibility,facilitates the scheduling of adjacent processes and protects proprietary production technology
C)facilitates investments in highly specialised assets,protects proprietary product technology and facilitates the scheduling of adjacent processes
D)greater flexibility,it can help drive down the firm's cost structure and it may help the firm to capture orders from international customers
Q2) If Ford developed a high-performance,high-quality fuel injection system that no other competitor in the industry can match,what would be the best strategy for Ford?
A)patent the technology and sit on it
B)develop and produce the technology in-house
C)outsource the technology
D)sell the technology to competitors
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15
Chapter 14: International Human Resources Management
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Sample Questions
Q1) Organised labour has responded to the increased bargaining power of multinational corporations by taking which of the following actions?
A)Trying to impose regulations on multinationals through organisations such as GATT.
B)Trying to achieve international regulations on multinationals through such organisations as the United Nations.
C)Trying to establish regional boards.
D)Trying to lobby multinational corporations to restrict their global reach to three or fewer foreign countries.
Q2) Which of the following is NOT a response that organised labour has taken as a result of increased bargaining power of multinationals?
A)try to establish international labour organisations
B)lobby for legislation to restrict multinationals
C)bribe multinational executives
D)obtain help from organisations like the United Nations
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