International Management Exam Bank
Course Introduction
International Management explores the strategies, processes, and challenges faced by organizations operating across borders in a globalized economy. The course examines cultural, economic, political, and legal environments impacting international business, and discusses how managers adapt their practices to succeed in diverse markets. Topics include cross-cultural communication, global leadership, international human resource management, global strategy formulation, and international ethical considerations. Through case studies and real-world examples, students develop the skills required to manage complexity in multinational organizations and successfully lead international teams.
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Global Business 3rd Edition by Mike Peng
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Page 2
Chapter 1: Globalizing Business
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Q1) The current state of globalization around the world is that of semiglobalization.
A)True
B)False
Answer: True
Q2) The _____ view of global business focuses on internal factors that can help a firm overcome its external environment.
A) resource-based
B) industry-based
C) socio-cultural
D) institution-based
Answer: A
Q3) Approximately _____ people are employed by foreign-owned firms throughout the world.
A) 80 million
B) 40 million
C) 18 million
D) 1 million
Answer: A
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Chapter 2: Understanding Formal Institutions: Politics, Laws, and Economics
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Q1) Which of the following would be considered an example of intellectual property rights?
A) Rights associated with ownership of vehicles
B) Rights associated with ownership of trademarks
C) Rights associated with ownership of buildings
D) Rights associated with ownership of business contracts
Answer: B
Q2) The cultural school of thought in economic development suggests that rich countries tend to be endowed with natural resources.
A)True
B)False
Answer: False
Q3) In a command economy,all factors of production should be government-owned or state-owned.
A)True
B)False
Answer: True
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Chapter 3: Emphasizing Informal Institutions: Cultures, Ethics,
and Norms
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Q1) In ____ cultures,the unspoken context is as important as the words used during communication.
A) high-context
B) low-context
C) individualistic
D) collectivist
Answer: A
Q2) Which of the following cultural intelligence profiles would match an individual with a collectivist ideology?
A) The Local
B) The Chameleon
C) The Mimic
D) The Natural Answer: A
Q3) Informal institutions are constructed on the regulatory pillars of a society.
A)True
B)False
Answer: False
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Chapter 4: Leveraging Resources and Capabilities
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Q1) The institution-based view deals with the ____ in the SWOT analysis.
A) external strengths and weaknesses
B) internal weaknesses and opportunities
C) external opportunities and threats
D) internal strengths and threats
Q2) Briefly explain outsourcing and its different types.
Q3) An original brand manufacturer includes research and development in its value chain activities.
A)True
B)False
Q4) Describe the VRIO framework.
Q5) Onshoring is the process of turning over an organizational activity to a foreign supplier that will perform it on behalf of the focal firm.
A)True
B)False
Q6) Original design manufacturers are firms that both design and manufacture products.
A)True
B)False
Q7) What is a value chain?
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Chapter 5: Trading Internationally
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Q1) A trade _____ is an economic condition in which a nation imports more than it exports.
A) deficit
B) surplus
C) embargo
D) VER
Q2) The absolute advantage theory is considered as the forerunner of the free trade movement.
A)True
B)False
Q3) Environmental and social responsibility can be used as political arguments to initiate trade intervention against certain countries.
A)True
B)False
Q4) The product life cycle theory explains patterns of trade based on factor endowments.
A)True
B)False
Q5) Discuss the political arguments against free trade.
Q6) Elaborate on Michael Porter's "diamond" theory.
Page 7
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Chapter 6: Investing Abroad Directly
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Q1) A firm establishing a manufacturing plant in a foreign country due to the cheap labor costs in that country is an example of the _____ advantage that the firm enjoys.
A) location
B) ownership
C) internalization
D) externalization
Q2) In Round Two of FDI negotiation process between MNEs and host governments,_____.
A) the government may demand renegotiations of the deal
B) the MNE is not willing to enter in the absence of some government assurance
C) the previous deal becomes obsolete
D) the MNE enters the host market and earns profits
Q3) The benefit of ownership lies in the combination of equity ownership rights and management control rights.
A)True
B)False
Q4) Investing in FDI will increase the home firm's exports of components and services.
A)True
B)False
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Chapter 7: Dealing with Foreign Exchange
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Q1) _____ is a country's international transaction statement,which includes merchandise trade,service trade,and capital movement.
A) Capital flight
B) Currency hedging
C) Purchasing power parity
D) Balance of payments
Q2) Strategic hedging focuses on using forward contracts and swaps to contain currency risks.
A)True
B)False
Q3) Which of the following best describes a rate where selective government intervention works hand-in-hand,allowing markets the freedom to work themselves out?
A) Free float rate
B) Fixed rate
C) Dirty float rate
D) Target exchange rate
Q4) A floating exchange rate allows each country to make its own monetary policy.
A)True
B)False
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Chapter 8: Capitalizing on Global and Regional Integration
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Q1) 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
Q2) Which of the following is an example of regional economic integration?
A) The European Union
B) The British Commonwealth
C) The Cingular and AT&T merger
D) The Commonwealth of Independent States
Q3) NAFTA is a free trade agreement between Latin American countries.
A)True
B)False
Q4) Describe the pros and cons of regional economic integration.
Q5) All the countries of Europe are part of the European Union (EU).
A)True
B)False
Q6) A customs union imposes common external policies on nonparticipants in order to combat trade diversion.
A)True
B)False
Page 10
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Chapter 9: Growing and Internationalizing the Entrepreneurial Firm
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Q1) Which of the following is one of the four major characteristics associated with a growing entrepreneurial firm?
A) Monotonousness
B) Internationalization
C) Inimitability
D) Informality
Q2) It is impossible to internationalize without venturing abroad.
A)True
B)False
Q3) Explain the institution-based views in light of their effect on entrepreneurial success.
Q4) Identify and explain the dilemma behind transaction costs and international entrepreneurial opportunities.
Q5) _____ is defined as the identification and exploitation of previously unexplored opportunities.
A) Distributorship
B) Dealership
C) Vendorship
D) Entrepreneurship
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Chapter 10: Entering Foreign Markets
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Q1) A firm that exports or imports,with or without FDI,is regarded as an MNE.
A)True
B)False
Q2) The existence of multiple currencies and the resultant currency risks can be viewed as informal trade and investment barriers.
A)True
B)False
Q3) A greenfield operation refers to _____.
A) a new corporate entity created and jointly owned by two or more parent companies
B) a wholly owned subsidiary created by building a new factory and offices from scratch
C) a wholly owned subsidiary created by acquisition
D) an outsourcing agreement in R&D between firms
Q4) Which of the following is true of indirect exports?
A) They typically provoke protectionism, potentially triggering antidumping actions.
B) They treat foreign demand as an extension of domestic demand.
C) They export through domestically based export intermediaries.
D) They do not enjoy the economies of scale similar to direct exports.
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Chapter 11: Managing Global Competitive Dynamics
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Q1) Prisoners' dilemma is a type of game in which the outcome depends on two parties deciding whether to cooperate or to defect.
A)True
B)False
Q2) _____ is designed to combat monopolies and cartels.
A) Competition policy
B) Predatory pricing
C) Cross-market retaliation
D) Antitrust policy
Q3) Explain how firms signal their intention to cooperate with their rivals in order to reduce competitive intensity.
Q4) ____ 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
Q5) What is resource similarity? How does it affect firm rivalries?
Q6) Explain the three drivers of counterattacks.
Page 13
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Chapter 12: Making Alliances and Acquisitions Work
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Q1) Elaborate on the institution-based view of alliances and acquisitions.
Q2) One of the merits of alliances is to use them as real options.Elaborate.
Q3) How does the VRIO framework affect acquisitions?
Q4) Every alliance or acquisition decision is driven by imitation.
A)True
B)False
Q5) One way of combating opportunism in an alliance is to wall off critical capabilities.
A)True
B)False
Q6) In which type of equity-based alliance does one firm invest in another?
A) Hubristic investment
B) Cross-shareholding
C) Licensing
D) Strategic investment
Q7) Cross-shareholding is based on financial interest between the firms.
A)True
B)False
Q8) Elaborate on the factors that may influence alliance performance.
Q9) Discuss few ways of improving the odds for acquisition success.
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Chapter 13: Strategizing,Structuring,and Learning around the World
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Q1) Which of the following is an example of tacit knowledge?
A) Performing surgery
B) A product manual
C) HR policies
D) Writing an e-mail
Q2) Explain the advantages and disadvantages of the global standardization strategy.
Q3) Learning aquatic zumba is an example of tacit knowledge.
A)True
B)False
Q4) The integration-responsiveness framework allows managers to deal with the pressures for both global integration and local responsiveness.
A)True
B)False
Q5) Local responsiveness makes local customers and governments happy and helps decrease costs.
A)True
B)False
Q6) Informal social capital hinders knowledge management.
A)True
B)False Page 15
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Chapter 14: Competing on Marketing and Supply Chain Management
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Q1) The category of customers who are in favor of buying global brands that signal prestige and cachet are called _____.
A) global agnostics
B) global dreamers
C) antiglobals
D) global citizens
Q2) Marketing and supply chain management activities can be evaluated based on the VRIO criteria.
A)True
B)False
Q3) The two key elements to achieve alignment are conformance and transparency.
A)True
B)False
Q4) Introducing third-party logistics (3PL)providers may more effectively align the interests in the supply chain.
A)True
B)False
Q5) List the globally useful ways of segmenting according to customer categorization.
Page 17
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Chapter 15: Managing Human Resources Globally
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Q1) MNEs only hire host-country nationals to work at a local subsidiary.
A)True
B)False
Q2) 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
Q3) _____ refers to HRM activities associated with hiring employees and filling positions.
A) Rostering
B) Sourcing
C) Staffing
D) Benchmarking
Q4) Which of the following is an advantage of hiring parent-country nationals?
A) Lesser international exposure for managers
B) Eliminates cultural and language barriers
C) Bridges gap between headquarters and subsidiary
D) Facilitates control and coordination by headquarters
Q5) What are the problems related with inpatriation?
Q6) Analyze managing labor relations at home and abroad.
Page 18
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Chapter 16: Financing and Governing the Corporation
Globally
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Q1) Managers need to develop firm-specific capabilities to differentiate a firm on governance dimensions and corporate finance.
A)True
B)False
Q2) Principal-agent conflicts result in agency costs.
A)True
B)False
Q3) The board of directors' effectiveness in serving the control function stems from their independence,deterrence,and norms.
A)True
B)False
Q4) In an agency relationship,a person who delegates authority is called a(n)_____.
A) principal
B) agent
C) manager
D) employee
Q5) Outline the principal-agent problems in an agency relationship.
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Q6) LBO-based private equity transactions are associated with three major changes in corporate governance.List these changes.
Chapter 17: Managing Corporate Social Responsibility
Globally
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Q1) Codes of conduct tangibly express values that organizational members view as central and enduring.
A)True
B)False
Q2) Elaborate on the stakeholder view of the firm.
Q3) Global sustainability is a key goal of CSR.
A)True
B)False
Q4) The secondary stakeholder groups are constituents on whom the firm relies for its continuous survival and prosperity.
A)True
B)False
Q5) _____ firms actively participate in regional,national,and international policy and standards discussions.
A) Accommodative
B) Reactive
C) Proactive
D) Defensive
Q6) Elaborate on the resource-based view to CSR.
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