International Management Practice Questions
Course Introduction
International Management explores the strategies, challenges, and skills required to operate effectively in a global business environment. The course examines cultural differences, international organizational structures, cross-border negotiations, and global leadership practices. Students will analyze the impact of globalization on business operations, assess the risks and opportunities in international markets, and study how multinational corporations manage diverse workforces and comply with various legal, economic, and ethical standards. Emphasis is placed on developing practical approaches for decision-making and problem-solving in cross-cultural and multinational contexts.
Recommended Textbook
International Business The Challenges of Globalization 5th Edition by John J. Wild
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16 Chapters
3050 Verified Questions
3050 Flashcards
Source URL: https://quizplus.com/study-set/2032
Page 2
Chapter 1: Globalization
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213 Verified Questions
213 Flashcards
Source URL: https://quizplus.com/quiz/40384
Sample Questions
Q1) Barriers facing some of the world's "least global" nations include ________.
A) never-ending political unrest and corruption
B) recurring droughts
C) volatile prices on commodity markets
D) terrorism
E) all of the above
Answer: E
Q2) Highly centralized production and marketing activities mean that businesses today seldom interact with people in distant locations within the international business environment.
A)True
B)False
Answer: False
Q3) Globalization supporters believe that benefits result from worker dislocation, or "churning" as it is called when there is widespread job turnover throughout an economy.
A)True
B)False
Answer: True
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Chapter 2: Cross-Cultrual Busines
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232 Verified Questions
232 Flashcards
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Sample Questions
Q1) ________ is(are) the set of values, beliefs, rules, and institutions held by a specific group of people.
A) Customs
B) Rituals
C) Culture
D) Aesthetics
Answer: C
Q2) Although the nation-state plays a role in the development of national culture, cultural boundaries do not always correspond to political boundaries.
A)True
B)False
Answer: True
Q3) Cultural literacy improves one's ability to manage employees, market products, and conduct negotiations in other countries.
A)True
B)False
Answer: True
Q4) People in ________ and ________ cultures tend to be casual about time. Answer: Latin American, Mediterranean
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Chapter 3: Politics, Law, and Business Ethics
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218 Verified Questions
218 Flashcards
Source URL: https://quizplus.com/quiz/40386
Sample Questions
Q1) Latin American countries have some of the world's lowest kidnapping rates.
A)True
B)False
Answer: False
Q2) The government of which of the following countries is currently a mix of communist and right-wing totalitarianism?
A) India
B) Iran
C) Kenya
D) China
Answer: D
Q3) Treaties concluded among several nations, each of which agrees to abide by treaty terms even if tensions develop, are called ________ agreements.
Answer: multilateral
Q4) ________ participation occurs when people who are capable of influencing the political system make an effort to do so.
Answer: Wide
Q5) ________ law is the most widely practiced theocratic system.
Answer: Islamic
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Chapter 4: Economic Systems and Development
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218 Verified Questions
218 Flashcards
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Sample Questions
Q1) Interfering with the price mechanism violates a fundamental principle of the market economy.
A)True
B)False
Q2) When one company is able to control a product's supply and therefore its price it is considered a(n) ________.
A) state-owned company
B) monopoly
C) underground company
D) supply-driven company
Q3) A ________ is a system in which the government owns a nation's land, factories, and other economic resources.
A) mixed economy
B) market economy
C) centrally planned economy
D) none of the above
Q4) Canada and the United States are examples of contemporary market economies.
A)True
B)False
Q5) North Korea follows an economic policy of ________.
Page 6
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Chapter 5: International Trade
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179 Verified Questions
179 Flashcards
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Sample Questions
Q1) Countries did all of the following to implement mercantilism EXCEPT ________.
A) enhanced trade deficits
B) government intervention
C) colonization
D) maintained trade surpluses
Q2) Adam Smith developed the theory of comparative advantage in 1776.
A)True
B)False
Q3) In the new product stage, demand in the innovating country is supplied with imports from production in developing nations.
A)True
B)False
Q4) ________ consists of: (1) factor conditions, (2) demand conditions, (3) related and supporting industries, and (4) firm strategy, structure, and rivalry.
Q5) Exploring the volume of international trade and world output provides useful insights into who trades with whom.
A)True
B)False
Q6) Another term for neo-mercantilism is ________.
Page 7
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Chapter 6: Business-Government Trade Relations
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194 Verified Questions
194 Flashcards
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Sample Questions
Q1) Industries considered essential to national security often receive government-sponsored protection.
A)True
B)False
Q2) Transit tariffs have been almost eliminated worldwide through trade agreements.
A)True
B)False
Q3) Tariffs can be classified into all of the following categories EXCEPT ________.
A) transit
B) duty
C) export
D) import
Q4) Tariffs tend to exact a cost on countries as a whole because they lessen citizens' gains from trade.
A)True
B)False
Q5) Explain the role of the World Trade Organization in international trade. How is its role different from that of its predecessor?
Q6) Briefly describe each method governments use to restrict trade.
Page 8
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Chapter 7: Foreign Direct Investment
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173 Verified Questions
173 Flashcards
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Sample Questions
Q1) Increasing globalization is causing a growing number of international companies from emerging markets to undertake foreign direct investment.
A)True
B)False
Q2) Which groups of nations are the main sources and destinations of foreign direct investment?
Q3) The practice of "following clients" can be expected in industries where many component parts are obtained from suppliers with whom a manufacturer has a close working relationship.
A)True
B)False
Q4) Describe how the maquiladora concept works. What are the advantages and disadvantages of Mexico's maquiladora?
Q5) In the ________ stage of the international product life cycle, a company directly invests in production facilities in countries where demand is great enough to warrant its own production facilities.
Q6) The number of ________ and their exploding value contribute to the growth in foreign direct investment flows.
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Chapter 8: Regional Economic Integration
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182 Verified Questions
182 Flashcards
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Sample Questions
Q1) The only Western Hemisphere nation that would NOT be part of the Free Trade Area of the Americas (FTAA) is Cuba.
A)True
B)False
Q2) Like the European Union (EU) commissioners, EU justices are required to act in the interest of their native countries.
A)True
B)False
Q3) If all countries in the bloc are asked to give up the greatest amount of sovereignty, it would probably be a(n) ________.
A) economic union
B) free-trade area
C) customs union
D) political union
Q4) The North American Free Trade Agreement is best considered a ________.
A) free-trade area
B) customs union
C) common market
D) political union
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Chapter 9: International Financial Markets
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195 Verified Questions
195 Flashcards
Source URL: https://quizplus.com/quiz/40392
Sample Questions
Q1) Which of these is NOT a component of the international capital market?
A) Foreign exchange market
B) International equity market
C) Eurocurrency market
D) International bond market
Q2) The exchange rate requiring delivery of the traded currency within two business days is called the ________.
Q3) A rise in a country's currency forces borrowers to shell out more local currency to pay off the interest owed on bonds denominated in an unaffected currency.
A)True
B)False
Q4) All of Europe's currencies combined are referred to as Eurocurrency.
A)True
B)False
Q5) The exchange rate between two currencies depends on ________.
A) the size of the transaction
B) the trader conducting the transaction
C) general economic conditions
D) all of the above
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Chapter 10: International Money System
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182 Verified Questions
182 Flashcards
Source URL: https://quizplus.com/quiz/40393
Sample Questions
Q1) When a country's currency is weak, the price of its ________.
A) exports and imports declines
B) exports on world markets declines and the price of imports increases
C) exports and imports increases
D) exports on world markets increases and the price of imports declines
Q2) An exchange rate tells us ________.
A) about the buying power of a currency
B) whether a certain product will be more or less expensive in another country (as measured in the home currency)
C) how much of one currency we must pay to receive a certain amount of another
D) all of the above
Q3) Which of these are possible reasons for the failure of purchasing power parity to accurately predict exchange rates?
A) Added costs
B) Business confidence and psychology
C) Trade barriers
D) All of the above
Q4) Briefly describe the gold standard, its advantages, and why it collapsed.
Q5) Explain the impact of interest rates on exchange rates and purchasing power.
Page 12
Q6) The value of a currency expressed in terms of gold is called its ________.
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Chapter 11: International Strategy and Organization
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199 Verified Questions
199 Flashcards
Source URL: https://quizplus.com/quiz/40394
Sample Questions
Q1) Beanstalk managers should conduct which of these to identify company activities that create value for its customers?
A) Mission statement analysis
B) Competitive analysis
C) Value chain analysis
D) Process and capacity planning
Q2) Which of these is a special company ability that competitors find extremely difficult to equal?
A) Value chain
B) Core competency
C) Growth strategy
D) Location economics
Q3) Which of these is NOT a support activity in a company's value chain?
A) Infrastructure
B) Marketing and sales
C) Procurement
D) Human resource management
Q4) Companies following a ________ strategy tend to perform product R&D in one, or a few, locations and typically design promotional campaigns and advertising strategies at headquarters.
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Chapter 12: Analyzing International Opportunities
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169 Verified Questions
169 Flashcards
Source URL: https://quizplus.com/quiz/40395
Sample Questions
Q1) Regulations that can eliminate a market or site from further consideration include strict environmental regulations and requirements that companies divulge proprietary information.
A)True
B)False
Q2) Restrictions on profit repatriation can force companies to either hold cash in the host country or to reinvest it in new projects there.
A)True
B)False
Q3) Describe any five variables commonly included in creating a market-potential analysis for an emerging market.
Q4) When screening a potential market, which of these would you ask John to do first?
A) Assess the national business environment
B) Select the market
C) Identify basic appeal
D) Measure market potential
Q5) Selecting the market or site is the ________ step in the screening process for potential markets and sites.
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Page 14
Chapter 13: Selecting and Managing Entry Modes
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212 Verified Questions
212 Flashcards
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Sample Questions
Q1) An export management company acts as either a(n) ________ or a(n)
Q2) Using examples, explain how franchising works. How is franchising different from licensing?
Q3) A(n) ________ represents its own company's products only, not those of other companies.
A) export trading company
B) agent
C) export management company
D) sales representative
Q4) Describe the process of how the documentary collection procedure works using an example.
Q5) A revocable letter of credit allows the bank issuing the letter to modify the terms of the letter only after obtaining the approval of both exporter and importer.
A)True
B)False
Q6) The open account method of payment ________ the risk of nonpayment for the exporter relative to other financing methods.
Q7) How can small exporters increase the probability of getting paid for a shipment?
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Q8) A(n) ________ takes ownership of merchandise when it enters their country.
Chapter 14: Developing and Marketing Products
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187 Verified Questions
187 Flashcards
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Sample Questions
Q1) The four components of a marketing strategy are ________.
Q2) Identify and briefly describe any four factors affecting international product policies.
Q3) Explain the primary concerns of managers when establishing distribution policies.
Q4) An arm's length price is the price that is charged for products sold among a company's divisions or subsidiaries.
A)True
B)False
Q5) Marketing internationally usually means ________.
A) translating promotional messages from one language into another
B) being knowledgeable of the many cultural nuances that can affect how buyers interpret a promotional message
C) being aware of the effect a nation's laws might have on marketing communications
D) all of the above
Q6) ________ are semantic elements that make up all company and product brand names.
Q7) Counterfeiting is common among highly visible brand-name consumer goods.
A)True
B)False
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Chapter 15: Managing International Operations
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140 Verified Questions
140 Flashcards
Source URL: https://quizplus.com/quiz/40398
Sample Questions
Q1) The process of assessing a company's ability to produce enough output to satisfy market demand is called ________.
Q2) Transportation costs are a driving force behind the globalization of the steel industry.
A)True
B)False
Q3) A production technique in which inventory is kept to a minimum and inputs to the production process arrive exactly when they are needed is called ________.
Q4) A loan in which a parent company deposits money with a host-country bank, which then lends it to a subsidiary located in the host country is called a ________.
Q5) One key issue the board is to examine is Wilson's ability to produce enough output to satisfy market demand, otherwise known as ________.
A) capacity planning
B) facilities location planning
C) process planning
D) facilities layout planning
Q6) Another terms for fixed assets is ________.
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17
Chapter 16: Hiring and Managing Employees
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157 Verified Questions
157 Flashcards
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Sample Questions
Q1) The geocentric staffing policy is typically reserved for nonmanagerial workers.
A)True
B)False
Q2) Which of these is the first phase of human resource planning?
A) Develop a plan to recruit and select people to fill vacant and anticipated positions.
B) Estimate the company's future human resource needs.
C) Take an inventory of a company's current human resources.
D) Promote people to higher and lateral levels.
Q3) A geocentric staffing policy is generally reserved for ________.
A) top-level management
B) mid-level management
C) lower-level management
D) all levels of management
Q4) The customary means by which a company staffs its offices is called its ________.
A) human resource policy
B) recruitment policy
C) staffing policy
D) selection policy
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