International Management Practice Questions
Course Introduction
International Management explores the challenges and opportunities faced by organizations operating across national boundaries. The course examines the strategic, organizational, and cultural issues that managers encounter in the global business environment, including cross-cultural communication, global leadership, international market entry, and the management of diverse teams. Students will learn how contextual factors such as political, economic, legal, and ethical environments affect managerial decisions and will develop skills for adapting management practices to different international settings. Through case studies, simulations, and discussions, the course prepares students to effectively lead and collaborate in multicultural and multination business contexts.
Recommended Textbook
Global Business Today 3rd Canadian Edition by Charles Hill Thomas McKaig
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16 Chapters
2010 Verified Questions
2010 Flashcards
Source URL: https://quizplus.com/study-set/2573
Page 2
Chapter 1: Globalization
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128 Verified Questions
128 Flashcards
Source URL: https://quizplus.com/quiz/51210
Sample Questions
Q1) The agency established at the 1993 Uruguay Round to police the international trading system is the __________.
A)Global Trade Enforcement Administration
B)World Tariff and Trade Bureau
C)International Trade Enforcement Agency
D)World Trade Organization
E)The European bank of Reconstruction and Development
Answer: D
Q2) In the 1960s global business activity was dominated by large Japanese multinational corporations.
A)True
B)False
Answer: False
Q3) Between 2008-2009, FDI Inward Stock
A)fell for all counties and regions
B)rose only in North America
C)rose in all areas
D)fell only in the European Union
E)fell only in the Developed economies
Answer: D
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Chapter 2: Country Differences in Political Economy
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141 Verified Questions
141 Flashcards
Source URL: https://quizplus.com/quiz/51209
Sample Questions
Q1) There must be no restrictions on supply for a market economy to work.
A)True
B)False
Answer: True
Q2) Historically, the enforcement of intellectual property rights has been fairly consistent across countries.
A)True
B)False
Answer: False
Q3) What is the difference between political risk, economic risk, and legal risk?
Answer: Political risk is the likelihood that political forces will cause drastic changes in a country's business environment that adversely affects the profit and other goals of a business enterprise.In contrast, economic risk is the likelihood that economic mismanagement will cause drastic changes in a country's business environment that adversely affects the profit and other goals of a business enterprise.Finally, legal risk is the likelihood that a trading partner will opportunistically break a contract or expropriate property rights.
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Chapter 3: The Cultural Environment
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133 Verified Questions
133 Flashcards
Source URL: https://quizplus.com/quiz/51208
Sample Questions
Q1) The most rigid system of stratification is a __________ system.
A)degree
B)caste
C)cross-cultural
D)class
E)Indian
Answer: B
Q2) Which attitude according Hofstede, is not captured by Confucian dynamism?
A)persistence
B)protection of face
C)time orientation
D)personal initiative
E)respect for tradition
Answer: D
Q3) In terms of social structure, Western societies tend to emphasize the primacy of the group, while individuals tend to figure much larger in many other societies.
A)True
B)False
Answer: False
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Page 5
Chapter 4: Ethics in International Business
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123 Verified Questions
123 Flashcards
Source URL: https://quizplus.com/quiz/51207
Sample Questions
Q1) Describe the nature of ethical dilemmas.Provide one example of an ethical dilemma that an international organization may face.Discuss how organizations and their managers can successfully address such dilemmas.
Q2) The utilitarian approach to business ethics dates back to input from all of the following philosophers except __________.
A)David Hume
B)Abraham Maslow
C)John Stuart Mill
D)Jeremy Bentham
E)None of these answers is correct
Q3) Article 23 of the Universal Declaration of Human Rights conveys all but which one of the following?
A)Everyone has the right to work.
B)Everyone has the right to join trade unions.
C)Everyone has the right to expect remuneration.
D)Everyone has the right to work under unsafe working conditions.
E)Everyone has the right to equal pay
Q4) Identify the rationales for why mangers of businesses may act or react in a manner that reflects unethical behaviour.
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Chapter 5: International Trade Theories
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120 Verified Questions
120 Flashcards
Source URL: https://quizplus.com/quiz/51206
Sample Questions
Q1) China, like Japanas well as other countries, have often been accused of applying neo-mercantilist policies.They see an export-driven economy as the way to wealth and want to restrict exports as much as possible.An example of this is China's desire to develop a home grown microprocessor industry so that it will not have to import chips from other countries.Is this an example of mercantilism? Explain.
Q2) The flaw with mercantilism was that it viewed trade as a __________.
A)zero-sum game
B)economic necessity
C)non essential economic activity
D)threat to a government's independence
E)luxury for consumers
Q3) Economies of scale and learning effects both increase the efficiency of resource utilization, therefore increasing A)costs.
B)capital.
C)factor endowments.
D)productivity.
E)profitability
Q4) Describe what is meant by first-mover advantages?
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Chapter 6: The Political Economy of International Trade
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131 Verified Questions
131 Flashcards
Source URL: https://quizplus.com/quiz/51205
Sample Questions
Q1) A voluntary export restraint is a quota on trade imposed by the exporting country.
A)True
B)False
Q2) A __________ is a tax levied on imports.
A)tariff
B)special assessment
C)penalty
D)globalization assessment
E)GST
Q3) What is a local content requirement? How are local content requirements typically expressed?
Q4) According to your text in the opening case, the tariff on banana imports into the EU cost consumers about __________ per year.
A)$4 billion
B)$2 billion
C)$37 billion
D)$45 billion
E)$56 billion
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Page 8
Chapter 7: Foreign Direct Investment
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125 Verified Questions
125 Flashcards
Source URL: https://quizplus.com/quiz/51204
Sample Questions
Q1) The _______________ is a theory of foreign direct investment that combines two other perspectives into a single holistic explanation of FDI.
A)versatile model
B)internationalization model
C)globalization paradigm
D)eclectic paradigm
E)unified theory of FDI
Q2) Which of the following is not true about why firms prefer to acquire existing assets rather than undertake green-field investments?
A)Foreign firms are acquired because those firms have valuable strategic assets.
B)Firms make acquisitions because they believe they can increase the efficiency of the acquired unit by transferring capital, technology, or management skills.
C)Firms make acquisitions because they believe it will make more profits for the home firm and home country.
D)Mergers and acquisitions are quicker to execute than green-field investments.
E)Mergers and acquisitions are cheaper than green-field investments
Q3) How do transportation costs affect the attractiveness of exporting?
Q4) Name three reasons that licensing may not be an attractive option.
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Page 9
Chapter 8: Regional Economic Integration
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137 Verified Questions
137 Flashcards
Source URL: https://quizplus.com/quiz/51203
Sample Questions
Q1) Describe the concept of regional economic integration.Do you believe that regional economic integration is a good thing? Explain your answer.
Q2) Economic theory predicted that Canadian and U.S.producers would soon benefit from __________________.
A)increased B2B demand in the expanding Mexican industries that were geared toward export
B)increased demand for transportation products due to increased exports and imports
C)there would be no benefit because economic benefits would only be realized in the long-run
D)from lower labour costs once they moved to Mexico
E)increased consumer demand in Mexico, because of better wages
Q3) The first year after NAFTA turned out to be a largely negative experience for all three countries.
A)True
B)False
Q4) What is meant by the term "Fortress Europe?" Is this term fair, or is it an exaggeration?
Q5) Describe the difference between a free trade area and a common market?
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Chapter 9: The Foreign Exchange Market
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141 Verified Questions
141 Flashcards
Source URL: https://quizplus.com/quiz/51202
Sample Questions
Q1) At the basic level, exchange rates are determined by the demand and supply of one currency relative to the demand and supply for another.
A)True
B)False
Q2) Which of the following correctly matches a country with its currency?
A)Japan, the yuan
B)South Korea, the baht
C)Canada, the yen
D)Great Britain, the pound
E)China, the rand
Q3) The Canadian money supply is growing more rapidly than Canadian output.Dollars will be relatively more plentiful than the currencies of countries where monetary growth is closer to output growth.This is an example of
A)buying purchase power.
B)buying prowess equality.
C)stability power similarities.
D)purchasing power parity.
E)inflationary pressures
Q4) Why do companies prefer not to use counter trade if it can be avoided?
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Chapter 10: The Global Monetary System
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129 Verified Questions
129 Flashcards
Source URL: https://quizplus.com/quiz/51201
Sample Questions
Q1) A ___________ occurs when a speculative attack on the exchange value of a currency results in a sharp depreciation in the value of the currency or forces authorities to expend large volumes of international currency reserved and sharply increase interest rates to defend the prevailing exchange rate.
A)currency crisis
B)monetary disruption
C)banking crisis
D)currency disruption
E)liquidity crisis
Q2) Removal of the obligation to maintain exchange rate parity restores monetary control to a government is the argument of advocates of a floating exchange rate regime.
A)True
B)False
Q3) Pegged exchange rates are popular among many of the world's
A)industrialized nations.
B)largest nations.
C)smaller nations.
D)communist nations.
E)developing nations
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Chapter 11: Global Strategy
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132 Verified Questions
132 Flashcards
Source URL: https://quizplus.com/quiz/51200
Sample Questions
Q1) The four safeguards against opportunism by alliance partners include:
A)retaining a CPA to audit the alliance's books, agreeing to share valuable skills and technologies, seeking credible commitments, and shared leadership in alliance activities
B)walling off critical technology, establishing contractual safeguards, agreeing to swap valuable skills and technologies, and seeking credible commitments
C)restricting the alliance to activities outside the partner's distinctive competencies, maintaining an atmosphere of secrecy, shared leadership in alliance activities, and seeking credible commitments
D)establishing contractual safeguards, maintaining an atmosphere of secrecy, retaining a CPA to audit the alliance's books, and shared leadership in alliance activities
E)ensuring partner selection is right, restricting technical knowledge to loyal employees, signing a comprehensive contract, and ensuring equal power sharing
Q2) The actions that managers take to attain the goals of the firm are referred to as a firm's strategy.
A)True
B)False
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Chapter 12: Entering Foreign Markets
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116 Verified Questions
116 Flashcards
Source URL: https://quizplus.com/quiz/51199
Sample Questions
Q1) Distinct advantages of _______________ are low development costs and risks.
A)wholly owned subsidiaries and exporting
B)exporting and turnkey projects
C)joint ventures and wholly owned subsidiaries
D)franchising and licensing
E)mergers and acquisitions
Q2) Establishing a wholly owned subsidiary in a foreign country can be done:
A)through a turnkey operation or through a licensing agreement.
B)through a joint venture of through acquiring an established firm to promote its products.
C)through setting up a new operation in a foreign country or through acquiring an established firm to promote its products.
D)through licensing agreements or through setting up a new operation in the foreign country.
E)through master franchising agreements
Q3) Joint ventures have proven to be very profitable to General Electric.
A)True
B)False
Q4) In what situation would you choose exporting over wholly owned subsidiary?
Q5) In what situation would you choose licensing over exporting?
Page 14
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Chapter 13: Exporting, Importing, and Countertrade
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86 Verified Questions
86 Flashcards
Source URL: https://quizplus.com/quiz/51198
Sample Questions
Q1) A sight draft allows for a delay in payment.
A)True
B)False
Q2) The way to overcome ignorance in exporting is to collect information.
A)True
B)False
Q3) Which of these is payable on presentation to the drawee?
A)Bill of lading
B)Sight draft
C)L/C
D)Time draft
E)Banker's draft
Q4) A good EMC will have all of these except:
A)a network of contacts in potential markets.
B)a good knowledge of different business mores.
C)multilingual employees.
D)the financing available for client firms.
E)an understanding of the ins and outs of the exporting process
Q5) What is countertrade? Give an example of when it can be used.
Q6) What is the difference between a sight draft and a time draft?
Page 15
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Chapter 14: Global Marketing and RD
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132 Verified Questions
132 Flashcards
Source URL: https://quizplus.com/quiz/51197
Sample Questions
Q1) Only _____________ can tell R&D whether to produce globally standardized or locally customized products.
A)finance
B)materials management
C)marketing
D)operations
E)segmentation analysis
Q2) For historical and idiosyncratic reasons, a range of cultural differences exists between countries.
A)True
B)False
Q3) ______________ occur when the receiver of the message (i.e.the potential customer) evaluates the message based on the status or image of the sender.
A)Synergistic effects
B)Temporal effects
C)Source effects
D)Direct effects
E)Noise effects
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Chapter 15: Global Production, Outsourcing, and Logistics
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109 Verified Questions
109 Flashcards
Source URL: https://quizplus.com/quiz/51196
Sample Questions
Q1) Political economy, culture, and relative factors costs are similar across the countries of the world.
A)True
B)False
Q2) Technology unique to a firm is proprietary product technology.
A)True
B)False
Q3) The concept of economies of scale tells us that as plant output expands unit costs do what?
A)Increase
B)Decrease
C)Remain the same
D)Expand exponentially
E)Decrease exponentially
Q4) Define the term "materials management." Discuss the relationship between materials management and logistics.
Q5) ISO 9000 is an Asian quality certification process.
A)True
B)False
Q6) Describe the terms flexible manufacturing and mass customization.
Page 17
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Chapter 16: Global Human Resource Management
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127 Verified Questions
127 Flashcards
Source URL: https://quizplus.com/quiz/51195
Sample Questions
Q1) Discuss the issue of expatriate compensation.Suppose you worked for a firm that transferred you from the United States to a developing country in Asia or South America.How do you think you should be compensated relative to your peers in similar jobs at home?
Q2) inexpensive to implement.
A)polycentric
B)intercentric
C)geocentric
D)ethnocentric
E)multicentric
Q3) Molex, according to the opening case, can be best described as having a A)geocentric policy.
B)polycentric policy.
C)multidomestic policy.
D)global policy.
E)transnational policy
Q4) Staffing policy can be a tool for developing and promoting corporate culture.
A)True
B)False
Q5) Explain the impact of unionization on HRM.
Page 18
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