International Management Question Bank
Course Introduction
International Management explores the complexities and challenges of managing organizations in a globalized environment. This course covers key topics such as cross-cultural communication, international strategy, global leadership, and the ethical and legal considerations involved in operating across borders. Students will learn about the dynamics of multinational enterprises, international human resource management, and how external environmental factors such as politics, economics, and culture impact business decision-making. Through case studies and practical examples, students will develop the skills necessary to navigate and succeed in diverse international settings.
Recommended Textbook
Global Business Today 7th Edition by
Charles W. L. Hill
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16 Chapters
2381 Verified Questions
2381 Flashcards
Source URL: https://quizplus.com/study-set/3022
Page 2
Chapter 1: Globalization
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151 Verified Questions
151 Flashcards
Source URL: https://quizplus.com/quiz/60083
Sample Questions
Q1) Tastes and preferences of consumers in different nations are beginning to converge on some global norm.
A)True
B)False
Answer: True
Q2) If current trends in the changing demographics of world GDP and trade continue,the _____ economy could ultimately be larger than that of the United States on a purchasing power parity basis.
A)Russian
B)Chinese
C)Japanese
D)Indian
Answer: B
Q3) For which of the following countries did the share of the total stock decline between 1980 and 2008?
A)Japan
B)The United States
C)France
D)China
Answer: B
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Chapter 2: National Differences in Political Economy
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154 Verified Questions
154 Flashcards
Source URL: https://quizplus.com/quiz/60082
Sample Questions
Q1) Which of the following involves removing legal restrictions to the free play of markets,the establishment of private enterprises,and the manner in which private enterprises operate?
A)Privatization
B)Disinvestment
C)Deregulation
D)Subsidization
Answer: C
Q2) Which of the following is a country that has been strongly influenced by social democracy?
A)Cuba
B)North Korea
C)China
D)India
Answer: D
Q3) Protecting intellectual property has become increasingly problematic.
A)True
B)False
Answer: True
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Page 4
Chapter 3: Differences in Culture
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143 Verified Questions
143 Flashcards
Source URL: https://quizplus.com/quiz/60081
Sample Questions
Q1) The most widely spoken language in the world is:
A)Chinese.
B)French.
C)English.
D)Spanish.
Answer: C
Q2) Most nation-states are characterized by a single,homogenous culture.
A)True
B)False
Answer: False
Q3) In societies where _____ was emphasized,the ties between individuals were tight and everyone was supposed to look after the interests of his or her group.
A)individualism
B)collectivism
C)masculinity
D)femininity
Answer: B
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Page 5
Chapter 4: Ethics in International Business
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142 Verified Questions
142 Flashcards
Source URL: https://quizplus.com/quiz/60080
Sample Questions
Q1) The concept of _____ refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions,and that there should be a presumption in favor of decisions that have both good economic and social consequences.
A)corporate governance
B)class consciousness
C)affirmative action
D)social responsibility
Q2) The term _____ refers to the values and norms that are shared among employees of an organization.
A)personal work ethic
B)organization culture
C)organization governance
D)corporate governance
Q3) Which of the following is the last step in a stakeholder analysis?
A)Judging the ethics of the proposed decision
B)Establishing moral intent
C)Auditing of decisions
D)Engaging in ethical behavior
Q4) How can a business build an organization culture that fosters ethical behavior?
Page 6
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Chapter 5: International Trade Theory
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151 Verified Questions
151 Flashcards
Source URL: https://quizplus.com/quiz/60079
Sample Questions
Q1) Paul Samuelson argued that contrary to the standard interpretation,in certain circumstances,the theory of comparative advantage predicts that a rich country might actually be worse off by switching to a free trade regime with a poor country.
A)True
B)False
Q2) According to Samuelson,the ability to offshore service jobs that traditionally were not internationally mobile,coupled with rapid advances in communications technology and the productivity of foreign labor due to better education have an effect on middle-class wages in the United States that can be similar to:
A)mass inward migration into the United States.
B)improvement in the standard of living in the United States.
C)better employability of United States labor.
D)a substantial hike in the market clearing wage rate.
Q3) Describe the Leontief paradox.
Q4) Largely discredited and primitive,mercantilism still influences the trade policies of many countries.
A)True
B)False
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Page 7
Chapter 6: The Political Economy of International Trade
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152 Verified Questions
152 Flashcards
Source URL: https://quizplus.com/quiz/60078
Sample Questions
Q1) The millennium round of talks of WTO attempted to get the assembled countries to agree to work toward:
A)agreeing on raising barriers to cross-border trade.
B)strengthening their defense ties and carry on with their war against terror.
C)reducing barriers to cross-border trade in agricultural products and trade and investment in services.
D)increasing average tariff rates imposed by developing nations on manufactured goods to more than four percent of value,the highest level in modern history.
Q2) What are the principle political arguments for government intervention into international trade?
Q3) What is a voluntary export restraint? Why do exporting countries agree to VERs? Explain with an example.
Q4) According to the text,given efficient global capital markets,the only industries that would require government protection would be:
A)those that are not worthwhile.
B)defense-related,such as aerospace and semiconductors.
C)chemical and processing industries.
D)those that require efficient administration.
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Page 8
Chapter 7: Foreign Direct Investment
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151 Verified Questions
151 Flashcards
Source URL: https://quizplus.com/quiz/60077
Sample Questions
Q1) The largest source country for FDI is Japan.
A)True
B)False
Q2) When a firm exports,it need not bear the costs associated with FDI,and it can reduce the risks associated with selling abroad by using a native sales agent.Exporting,however,is not without its limitations.Discuss the most common limitations of exporting as compared to FDI.
Q3) An industry composed of a limited number of large firms is referred to as a(n):
A)syndicate.
B)monopoly.
C)oligopoly.
D)mushrooming industry.
Q4) When contemplating FDI,why do firms apparently prefer to acquire existing assets rather than undertake greenfield investments?
Q5) Firms for which licensing is not a good option include:
A)low-technology industries.
B)global oligopolies.
C)industries characterized by low cost pressures.
D)industries where transportation costs are high.
Q6) What are the types of industries for which licensing is not a good option?
Page 9
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Chapter 8: Regional Economic Integration
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149 Verified Questions
149 Flashcards
Source URL: https://quizplus.com/quiz/60076
Sample Questions
Q1) The two trade blocs in Europe are:
A)The European Union and the European Free Trade Association.
B)The European Federation and the European Trade Block.
C)The European Commission and the COMINTERN.
D)The European Federation and the European Trade Association.
Q2) Which EU institution,which meets in Strasbourg,France,is primarily a consultative rather than a legislative body?
A)European Parliament
B)European Council
C)Court of Justice
D)European Commission
Q3) Which of the following is a key advantage of adopting the euro?
A)It reduces competition in continental Europe.
B)It makes imports of commodities like crude oil cheaper.
C)It lowers foreign exchange and hedging costs in Europe.
D)It insulates Europe from international competition.
Q4) A regional free trade agreement will benefit the world only if the amount of trade it creates exceeds the amount it diverts.
A)True
B)False
Page 10
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Chapter 9: The Foreign Exchange Market
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150 Verified Questions
150 Flashcards
Source URL: https://quizplus.com/quiz/60075
Sample Questions
Q1) Which is the world's most important vehicle currency?
A)Euro
B)U.S.dollar
C)British pound
D)Japanese yen
Q2) According to economic theory,interest rates reflect expectations about likely:
A)population growth rates.
B)current unemployment rates.
C)current exchange rates.
D)future inflation rates.
Q3) Which of the following happens when governments typically impose convertibility restrictions on their currency out of the fear that free convertibility will lead to a run on their foreign exchange reserves?
A)Deflation
B)Stagflation
C)Liquidity rush
D)Capital flight
Q4) What is a currency swap?
Q5) Differentiate between spot exchange rates and forward exchange rates.
Q6) Explain the concepts of (1) transaction exposure and (2) translation exposure.
Page 11
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Chapter 10: The International Monetary System
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149 Verified Questions
149 Flashcards
Source URL: https://quizplus.com/quiz/60074
Sample Questions
Q1) The ____ was a system to regulate fixed exchange rates before the introduction of the euro.
A)European Free Trade Association
B)European Monetary System
C)International monetary system
D)European Community
Q2) Which of the following is associated with monetary contraction in a system of fixed exchange rates?
A)It requires lowering of interest rates.
B)It will increase the demand for money.
C)It will put downward pressure on a fixed exchange rate.
D)It will lead to an inflow of money from abroaD.
Q3) Explain the concept of a currency board.How successful is this system?
Q4) How do businesses influence government policy toward international trade?
Q5) Discuss the factors responsible for the slide of the dollar in the early part of the 21<sup>st</sup> century.
Q6) The forward market offers coverage for exchange rate changes for a few years.
A)True
B)False
Q7) How was the "debt bomb" partly responsible for the Asian crisis of 1997?
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Chapter 11: The Strategy of International Business
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150 Verified Questions
150 Flashcards
Source URL: https://quizplus.com/quiz/60073
Sample Questions
Q1) Which of the following statements about the efficiency frontier is true?
A)Positions outside the efficiency frontier are easily attainable.
B)Not all positions on the efficiency frontier are viable.
C)The efficiency frontier is a function of the cost and revenue of a product.
D)Sufficient demand exists for all positions on the efficiency frontier.
Q2) Profit growth is measured by:
A)dividing the net profits of the firm by total invested capital.
B)subtracting the previous year's gross profit from the current year's gross profit.
C)calculating the difference between the previous year's profitability and the current year's profitability.
D)the percentage increase in net profits over time.
Q3) In a global strategy,the corporate center exercises more control over manufacturing,marketing,and product development decisions.
A)True
B)False
Q4) The company infrastructure is a support activity.
A)True
B)False
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Page 13
Chapter 12: Entering Foreign Markets
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150 Verified Questions
150 Flashcards
Source URL: https://quizplus.com/quiz/60072
Sample Questions
Q1) There can also be disadvantages associated with entering a foreign market before other international businesses.
A)True
B)False
Q2) Which of the following is a disadvantage of greenfield investments?
A)They could lead to high management turnover.
B)It is much more difficult to build an organizational culture from scratch.
C)Companies find it difficult to avoid the pitfall of the hubris hypothesis.
D)They are slower to establish.
Q3) The choice of what foreign markets to enter should be driven by an assessment of a nation's long-run profit potential.
A)True
B)False
Q4) Significant strategic commitments:
A)should be avoided when considering entry to new markets.
B)rarely translate into action.
C)are neither unambiguously good nor bad.
D)improve the company's strategic flexibility.
Q5) Why do acquisitions sometimes fail?
Q6) Compare and contrast the entry modes of licensing and franchising.
Page 14
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Chapter 13: Exporting,Importing,and Countertrade
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149 Verified Questions
149 Flashcards
Source URL: https://quizplus.com/quiz/60071
Sample Questions
Q1) In domestic transactions,the buyer can often obtain possession of the merchandise without signing formal documents acknowledging his/her obligation to pay.
A)True
B)False
Q2) A range of barter like agreements by which goods and services can be traded for other goods and services is known as:
A)countertrade.
B)protracted trade.
C)intermediate sales.
D)counter sale.
Q3) The direct exchange of goods and/or services between two parties without a cash transaction is referred to as:
A)switch trading.
B)counterpurchase.
C)barter.
D)offset.
Q4) Describe each of the five distinct types of countertrading arrangements.
Q5) Describe the Foreign Credit Insurance Association (FCIA).What types of risks does it cover?
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Chapter 14: Global Production,Outsourcing,and Logistics
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150 Verified Questions
150 Flashcards
Source URL: https://quizplus.com/quiz/60070
Sample Questions
Q1) The practice of offsets is common in which industry?
A)Local print media
B)Handicrafts
C)Commercial aerospace
D)Real estate
Q2) A flexible machine cell is a grouping of various types of machinery,a common materials handler,and a centralized cell controller.
A)True
B)False
Q3) Which of the following technological changes have made most of the proprietary solutions to implement EDI systems obsolete?
A)Personal computers
B)SWIFT
C)The Internet
D)Data systems
Q4) What are make-or-buy decisions? List the advantages of both options.
Q5) Discuss the two basic strategies for locating production facilities.When is it better to centralize production,and when is it better to decentralize production?
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Chapter 15: Global Marketing and RD
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150 Verified Questions
150 Flashcards
Source URL: https://quizplus.com/quiz/60069
Sample Questions
Q1) Research has long maintained that a major contributor to the success of new-product introductions is a close relationship between
A)marketing and R&D
B)marketing and human resources.
C)human resources and R&D
D)operations and advertising.
Q2) Which of the following contributes to the high failure rate of R&D endeavors?
A)Developing a technology for which demand is unlimited
B)Over-commercialization of new technology
C)Delivering new products to the market ahead of competitors
D)Inability to manufacture a new product cost effectively
Q3) Firms based in highly developed countries such as the United States tend to build a lot of extra performance attributes into their products.
A)True
B)False
Q4) The "creative destruction" unleashed by technological change makes it critical that a firm stay on the leading edge of technology.
A)True
B)False
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Chapter 16: Global Human Resource Management
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140 Verified Questions
140 Flashcards
Source URL: https://quizplus.com/quiz/60068
Sample Questions
Q1) _____ is concerned with the selection of employees for particular jobs.
A)Compensation policy
B)Staffing policy
C)Performance appraisal policy
D)Training policy
Q2) Except for a relative small cadre of internationally mobile executives,base pay in most firms is set with regard to:
A)the economic climate.
B)local market conditions.
C)compensation surveys.
D)job location.
Q3) Which of the following countries provides the highest pay to company CEOs?
A)Switzerland
B)The United States
C)Japan
D)Australia
Q4) What is ITS? What are the impediments to the strategies used by organized labor?
Q5) How has organized labor responded to the increased bargaining power of multinational corporations?
Page 18
Q6) What are the reasons for the failure of spouses to adjust to a foreign posting?
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