International Business Strategy
Mock Exam
Course Introduction
International Business Strategy explores the formulation and implementation of strategies by firms operating in a global environment. The course examines the challenges and opportunities presented by differences in culture, political and legal systems, economic environments, and market conditions across countries. Students will learn to analyze global competition, assess international market entry modes, and understand the impact of technology, regional integration, and global value chains on business operations. Through case studies and practical exercises, the course develops critical thinking and decision-making skills needed to craft effective strategies for sustainable competitive advantage in international markets.
Recommended Textbook
Strategic Management and Business Policy 13th Edition by Thomas L. Wheelen
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12 Chapters
1260 Verified Questions
1260 Flashcards
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Page 2
Chapter 1: Basic Concepts in Strategic Management
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109 Verified Questions
109 Flashcards
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Sample Questions
Q1) The type of strategy which emphasizes the improvement of the competitive position of a corporation's products or services in a particular industry or market segment served by a business unit is
A)functional.
B)operational.
C)business.
D)environmental.
E)corporate.
Answer: C
Q2) A strategic decision is rare, consequential, and directive.
A)True
B)False
Answer: True
Q3) Which of the following is an example of a policy?
A)Diversify product line to appeal to more people.
B)Increase sales by 10% over last year.
C)Pay highest salaries to keep high quality employees.
D)Develop and sell quality appliances worldwide.
E)Diversify from retailing into delivery.
Answer: C
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Chapter 2: Corporate Governance
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Sample Questions
Q1) Fewer large corporations may keep the firm's recently retired CEO on the board after retirement since there is a greater likelihood of a conflict of interest and less objectivity.
A)True
B)False
Answer: True
Q2) Under what circumstances does a DIRECT interlocking directorate exist?
A)When both management and the board establish corporate strategic management.
B)When a corporation's employees are included on its board.
C)Occurs when one or more individuals on one board also serve on a board of a second firm.
D)When all board members are also employed by the corporation.
E)When two corporations have directors who serve on the board of a third firm.
Answer: C
Q3) What are the responsibilities of the board of directors?
Answer: The five board of director responsibilities are setting corporate strategy, overall direction, mission or vision; hiring and firing the CEO and top management; controlling, monitoring, or supervising top management; reviewing and approving the use of resources; and caring for shareholder interests.
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Chapter 3: Ethics and Social Responsibility in Strategic Management
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Sample Questions
Q1) Relationship-based countries tend to be more transparent and have a lower degree of corruption than do rule-based countries.
A)True
B)False
Answer: False
Q2) Which of the following statements is true concerning secondary stakeholders?
A)Secondary stakeholders are those who have only an indirect stake in the corporation, but who are affected by corporate activities.
B)Secondary stakeholders usually include non-governmental organizations (like Greenpeace)and trade associations.
C)Because the corporation's relationship with each of these stakeholders is usually not covered by any written or verbal agreement, there is room for misunderstanding.
D)Aside from competitors, secondary stakeholders are not usually monitored by the corporation in any systematic fashion.
E)all of the above
Answer: E
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Chapter 4: Environmental Scanning and Industry Analysis
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116 Verified Questions
116 Flashcards
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Sample Questions
Q1) Which of the following is NOT descriptive of the "threat of new entrants?"
A)Depends on the presence of entry barriers.
B)Have a desire to gain market share.
C)Depends on the reaction of existing competitors.
D)Does not impact industry attractiveness.
E)Brings new capacity and substantial resources.
Q2) A consolidated industry is dominated by a few large firms, each of which struggles to differentiate its products from the competition.
A)True
B)False
Q3) Which societal force includes demographic trends?
A)political-legal forces
B)labor forces
C)economic forces
D)technological forces
E)sociocultural forces
Q4) One of the demographic variables in the societal environment is the changing household composition.
A)True
B)False
Page 6
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Chapter 5: Internal Scanning and Organizational Analysis
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109 Verified Questions
109 Flashcards
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Sample Questions
Q1) Which of the following is a function of corporate culture?
A)It encourages a laissez faire set of attitudes.
B)It encourages flexibility and thus constant change.
C)It conveys a sense of identity for employees.
D)It generates creative approaches to new situations.
E)It focuses employee commitment on their own careers.
Q2) What is the attribute of corporate culture that is the degree to which members of a unit accept the norms, values, or other culture content associated with the unit?
A)integration
B)strength
C)intensity
D)coordination
E)unity
Q3) An automobile assembly line is an example of which approach to manufacturing?
A)continuous system
B)debt capacity
C)sequential processing
D)job shop
E)intermittent system
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Page 7
Chapter 6: Strategy Formulation: Situation Analysis and Business Strategy
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104 Verified Questions
104 Flashcards
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Sample Questions
Q1) Wal-Mart, McDonald's and Alamo are all examples of companies following which of Porter's competitive strategies?
A)differentiation
B)cost leadership
C)differentiation focus
D)competitive advantage
E)cost focus
Q2) The last stage of a hypercompetitive industry is reached when the remaining large global competitors
A)raise entry barriers.
B)move into untapped markets.
C)attack the strongholds of other firms.
D)compete on cost and quality.
E)work their way to a situation of perfect competition in which no one has any advantage and profits are minimal.
Q3) A value chain partnership is a loose alliance with several distributors for the short-term.
A)True
B)False
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Chapter 7: Strategy Formulation: Corporate Strategy
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103 Verified Questions
103 Flashcards
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Sample Questions
Q1) Research comparing concentric with conglomerate diversification concludes that
A)conglomerate diversification is always less profitable than concentric diversification.
B)concentric diversification is always less profitable than conglomerate diversification.
C)the relationship between relatedness and performance is curvilinear.
D)neither concentric nor conglomerate diversification are ever profitable.
E)for optimum effectiveness both conglomerate and concentric diversification should be utilized in tandem.
Q2) According to Campbell, Goold, and Alexander in their parenting-fit matrix when parent companies create more value than any of their rivals would if they owned the same businesses, they have
A)multi-point competition.
B)parenting advantage.
C)corporate parenting.
D)portfolio analysis.
E)no real advantage.
Q3) Forward integration is often more profitable than backward integration.
A)True
B)False
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Chapter 8: Strategy Formulation: Functional Strategy and Strategic Choice
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105 Verified Questions
105 Flashcards
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Sample Questions
Q1) Which one of the following is NOT one of the questions that management should raise in their attempt to assess the importance to the corporation of stakeholders' concerns?
A)Which stakeholder group should be represented on the board of directors?
B)How will this decision affect each stakeholder?
C)How much of what the stakeholders want are they likely to get under a certain alternative?
D)What are the stakeholders likely to do if they don't get what they want?
E)What is the probability that the stakeholders will follow through on their demand?
Q2) The purchasing strategy in which two suppliers are the sole suppliers of different parts, but are also the backup suppliers for each other's parts is
A)sole sourcing.
B)multiple sourcing.
C)just-in-time sourcing.
D)backup sourcing.
E)parallel sourcing.
Q3) What is a corporate scenario? What are the three steps in their construction?
Q4) Distinguish between a market development and a product development strategy.
Page 10
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Chapter 9: Strategy Implementation: Organizing for Action
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Sample Questions
Q1) Many of the people in the organization who are crucial to successful strategy implementation probably have little to do with the development of the corporate and business strategy.
A)True
B)False
Q2) Stage 4 of international development is a multinational corporation with global emphasis - denationalizing its operations.
A)True
B)False
Q3) Research generally supports Chandler's proposition that structure follows strategy as well as the reverse proposition that structure influences strategy.
A)True
B)False
Q4) The geographic-area structure allows the company to introduce and manage a similar line of products around the world.
A)True
B)False
Q5) Discuss the network structure.
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Chapter 10: Strategy Implementation: Staffing and Directing
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Sample Questions
Q1) European multinational corporations seldom use people with an international orientation to staff their management positions.
A)True
B)False
Q2) List the guidelines proposed for successful downsizing.
Q3) What are some of the approaches a company can take to identify and prepare its people for important positions?
Q4) What is executive succession? Discuss the hiring of insiders versus outsiders.
Q5) According to the text, a complete package for an executive working in another country costs
A)$50,000 to $75,000 annually.
B)$100,000 to $200,000 annually.
C)$150,000 to 250,000 annually.
D)$200,000 to $500,000 annually.
E)$300,000 to $1 million annually.
Q6) Downsizing refers to the planned elimination of positions or jobs.
A)True
B)False
Q7) What are the four general methods of managing two different cultures?
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Chapter 11: Evaluation and Control
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Sample Questions
Q1) List the five step feedback model of the evaluation and control process.
Q2) EVA will never replace ROI as the standard performance measure.
A)True
B)False
Q3) A survey of 600 business units found that compensation programs emphasizing bonuses and other incentives were most used in those units emphasizing
A)stability strategies.
B)retrenchment strategies.
C)cooperative strategies.
D)international strategies.
E)growth strategies.
Q4) Which is the MOST commonly used measure of corporate performance (in terms of profit)?
A)EPS
B)ROE
C)DPS
D)ROI
E)ROVA
Q5) What is the difference between EVA and MVA?
Q6) What is the balanced scorecard? What are the four areas to be addressed?
Page 13
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Chapter 12: Suggestions for Case Analysis
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Sample Questions
Q1) Common-size statements are income statements and balance sheets in which the dollar figures have been converted into percentages.
A)True
B)False
Q2) Which financial ratio indicates the number of days of cash on hand, at present sales levels?
A)days of inventory
B)fixed asset turnover
C)days of cash
D)average collection period
E)inventory turnover
Q3) The public interest rate is the rate of interest banks charge on their lowest risk loans.
A)True
B)False
Q4) The index of sustainable growth indicates how much of the growth rate of sales can be sustained by internally generated funds.
A)True
B)False
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Page 14