International Management Study Guide Questions
Course Introduction
International Management explores the complexities of managing organizations in a global environment. This course examines key concepts such as cross-cultural communication, international business strategies, global leadership, and the impact of cultural, legal, and economic differences on management practices. Students will analyze case studies of multinational corporations, consider the challenges and opportunities of international markets, and develop skills for effective decision-making and leadership in diverse, dynamic global settings.
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Global Business 3rd Edition by Mike Peng
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Chapter 1: Globalizing Business
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Sample Questions
Q1) The _____ view of global business focuses on external factors that affect a firm's performance.
A) resource-based
B) asset-based
C) capability-based
D) institution-based
Answer: D
Q2) Approximately 80 million people worldwide are employed by foreign-owned firms.
A)True
B)False Answer: True
Q3) A dragon multinational is a name given to MNEs from emerging markets.
A)True
B)False
Answer: True
Q4) The current state of globalization around the world is that of semiglobalization.
A)True
B)False Answer: True
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Chapter 2: Understanding Formal Institutions: Politics, Laws, and Economics
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Sample Questions
Q1) Patents are exclusive rights of firms to use specific names and brands.
A)True
B)False
Answer: False
Q2) The TRIPS system was designed to _____.
A) create IP rights that adhered to the norms of individual countries
B) force firms to enforce IP rights through an informal system
C) make sure that firms follow theocratic laws
D) force firms to innovate while strictly adhering to IPR guidelines
Answer: D
Q3) In a pure market economy,the government only performs functions that the private sector cannot do.
A)True
B)False
Answer: True
Q4) Trademarks are legal rights awarded by government authorities to inventors of new products or processes.
A)True
B)False Answer: False
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Chapter 3: Emphasizing Informal Institutions: Cultures, Ethics, and Norms
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Sample Questions
Q1) In high-context cultures,communication is usually taken at face value without much reliance on unspoken context.
A)True
B)False
Answer: False
Q2) A(n)____ is a set of guidelines for helping a firm make ethical decisions.
A) operating agreement
B) certificate of incorporation
C) mission statement
D) code of conduct
Answer: D
Q3) An American firm operating in the Middle East struggles with enforcing rules opposing sexual discrimination against Muslim women working in its management.Which of the following describes the American firm's stand against enforcing local norms?
A) Ethical relativism
B) Cultural relativism
C) Ethical imperialism
D) Xenocentrism
Answer: C
Page 5
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Chapter 4: Leveraging Resources and Capabilities
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Sample Questions
Q1) Product design is considered an upstream activity in the value chain.
A)True
B)False
Q2) Commoditization is the point at which an activity becomes proprietary or firm-specific.
A)True
B)False
Q3) Which of the following is an example of a firm's physical resources and capabilities?
A) Integrated management information systems
B) Access to raw materials and distribution channels
C) Ability to generate internal funds
D) Capacities for organizational innovation and change
Q4) Which of the following is true of OEMs?
A) It includes research and development in its value chain.
B) It does not include procurement of components in its value chain.
C) It does not include marketing in its value chain.
D) It does not include final assembly in its value chain.
Q5) Give an account of the political argument against outsourcing practiced by US firms.
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Chapter 5: Trading Internationally
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Sample Questions
Q1) Discuss the characteristics of the modern trade theories.
Q2) Antidumping duties are levied on a country's exports.
A)True
B)False
Q3) Which of the following can be considered as an economic argument against free trade?
A) National security
B) Foreign policy
C) Consumer protection
D) Infant industry
Q4) Government intervention in international trade was proposed by the factor endowment theory.
A)True
B)False
Q5) Trade deficit occurs when a nation exports more than it imports.
A)True
B)False
Q6) Briefly explain the classical theory of mercantilism.
Q7) Discuss the political arguments against free trade.
Q8) Discuss the economic arguments against free trade.
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Chapter 6: Investing Abroad Directly
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Sample Questions
Q1) An FPI does not provide management control rights to the investing firm.
A)True
B)False
Q2) Which of the following is a primary cost of FDI to host countries?
A) Capital inflow
B) Increase in competition between local firms
C) Capital and job loss
D) Loss of sovereignty
Q3) Describe the process of obsolescing bargain between MNEs and governments.
Q4) Costs that a firm has to endure even when its investment turns out to be unsatisfactory are referred to as _____.
A) switching costs
B) replacement costs
C) cost overruns
D) sunk costs
Q5) OLI advantages refers to a firm's quest for outsourcing (O)advantages,licensing (L) advantages,and importing (I)advantages.
A)True
B)False
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Chapter 7: Dealing with Foreign Exchange
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Sample Questions
Q1) _____ is defined as the conversion of one currency into another at Time 1,with an agreement to revert it back to the original currency at a specific Time 2 in the future.
A) Currency swap
B) Currency hedging
C) Spot transaction
D) Forward transaction
Q2) Which of the following types of exchange rate policies is apt for a pure free market economy?
A) Dirty float
B) Flexible float
C) Clean float
D) Target exchange rate
Q3) The weight a member country carries within the IMF,which determines the amount of its financial contribution,its capacity to borrow from the IMF,and its voting power is referred to as a(n)_____.
A) grant
B) accommodation
C) quota
D) balance of payment
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Page 9
Chapter 8: Capitalizing on Global and Regional Integration
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Sample Questions
Q1) Discuss whether global and regional economic integration create more benefits or more challenges.
Q2) All the countries of Europe are part of the European Union (EU).
A)True
B)False
Q3) Which of the following is an example of a customs union?
A) The former Soviet Union
B) The EU (European Union)
C) The Andean Community (South America)
D) The NAFTA (North American Free Trade Agreement)
Q4) 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
Q5) The WTO sets time limits for a panel,consisting of three neutral countries,to reach a judgment for trade dispute settlements.
A)True
B)False
Q6) Explain the formation of APEC.
Page 10
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Chapter 9: Growing and Internationalizing the Entrepreneurial Firm
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Sample Questions
Q1) Direct exports are the sale of products made through export intermediaries.
A)True
B)False
Q2) Which of the following is one of the methods by which entrepreneurial firms internationalize by staying in domestic markets?
A) Through harvest and exit sell-offs to foreign entrants
B) Through direct exports
C) Through strategic alliances by FDI
D) Through greenfield wholly owned subsidiaries abroad
Q3) Compared to large firms,innovators at SMEs have limited ability to personally profit from their innovations because property rights usually belong to the corporation.
A)True
B)False
Q4) Explain the concept of microfinance.
Q5) Both formal and informal institutional constraints,as rules of the game,affect entrepreneurship.
A)True
B)False
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Chapter 10: Entering Foreign Markets
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Sample Questions
Q1) Which of the following is a non-equity mode of entry?
A) Acquisitions
B) Joint ventures
C) Turnkey projects
D) Green-fields
Q2) 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.
Q3) Emerging MNEs primarily lack proprietary ownership of technology compared to MNEs from developed economies.
A)True
B)False
Q4) Which of the following is an advantage of direct exports?
A) No trade barriers
B) Low transportation costs for bulky products
C) Avoid export processes
D) Better control over distribution
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Chapter 11: Managing Global Competitive Dynamics
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Sample Questions
Q1) The International Trade Administration investigates antidumping cases in the United States.
A)True
B)False
Q2) Cartels are often labeled as anticompetitive and outlawed by antitrust laws.
A)True
B)False
Q3) Which of the following industry characteristics contributes to collusion?
A) Existence of an industry price leader
B) Existence of many firms in the market
C) Low barriers to entry
D) Lack of market commonality
Q4) A low degree of market commonality suggests that if a firm attacks in one market,its rivals may engage in cross-market retaliation.
A)True
B)False
Q5) Price leader is a firm that sets the highest price in the industry.
A)True
B)False
Q6) Under what conditions would a firm adopt a contender strategy?
Page 13
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Chapter 12: Making Alliances and Acquisitions Work
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Sample Questions
Q1) In the context of the motives for acquisition,from a resource-based view,the most important _____ rationale is to leverage superior resources.
A) managerial
B) synergistic
C) hubristic
D) collusive
Q2) In a non-equity-based alliance,which of the following should be high for possible upgrading to equity-based relationships?
A) Degree of tacitness
B) Importance of direct organizational monitoring and control
C) Potential as real option
D) Influence of formal institutions
Q3) The ability to successfully manage interfirm relationships is called _____.
A) hubristic capability
B) synergistic capability
C) contractual capability
D) relational capability
Q4) How does the VRIO framework affect acquisitions?
Q5) Elaborate on the factors that may influence alliance performance.
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Chapter 13: Strategizing,Structuring,and Learning around the World
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Sample Questions
Q1) The _____ strategy focuses on a number of foreign countries/regions,each of which is regarded as a standalone market worthy of significant attention and adaptation.
A) global
B) home replication
C) localization
D) transnational
Q2) The _____ strategy endeavors to be simultaneously cost efficient,locally responsive,and learning-driven around the world.
A) home replication
B) transnational
C) global
D) localization
Q3) The integration-responsiveness framework allows managers to deal with the pressures for both global integration and local responsiveness.
A)True
B)False
Q4) What are centers of excellence?
Q5) Summarize the advantages and disadvantages of the transnational strategy.
Page 15
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Chapter 14: Competing on Marketing and Supply Chain Management
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Sample Questions
Q1) Which of the following must be practiced to avoid blunders in international marketing?
A) Encourage ethnocentrism
B) Encourage the pushy salesman approach
C) Be susceptible to nationalistic feelings of local consumers, employees, and governments
D) Save back-translation cost
Q2) Which of the following is one of the four Ps in the marketing mix?
A) Perfection
B) Promotion
C) Power
D) Perception
Q3) In international marketing,the country-of-origin effect refers to the positive or negative perception of firms and products from a certain country.
A)True
B)False
Q4) Ethnocentrism should be encouraged in international marketing.
A)True
B)False
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Chapter 15: Managing Human Resources Globally
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Sample Questions
Q1) Middle-aged expatriates are the most expensive,because the employer often has to provide a heavy allowance for children's education.
A)True
B)False
Q2) An MNE with transnational strategy typically staffs host-country nationals.
A)True
B)False
Q3) MNEs only hire host-country nationals to work at a local subsidiary.
A)True
B)False
Q4) Most inpatriates are expected to eventually return to their home country to replace expatriates.
A)True
B)False
Q5) The staffing choices in an MNE are always random.
A)True
B)False
Q6) Briefly describe going rate and balance sheet approach used to properly compensate,motivate,and retain expatriates.
Page 17
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Chapter 16: Financing and Governing the Corporation
Globally
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Sample Questions
Q1) Loan issued by the firm is called a(n)_____.
A) option
B) unit trust
C) dividend
D) bond
Q2) LBO-based private equity transactions are associated with three major changes in corporate governance.List these changes.
Q3) In an agency relationship,a person who delegates authority is called a(n)_____.
A) principal
B) agent
C) manager
D) employee
Q4) For equity,the cost of capital is the interest.
A)True
B)False
Q5) Which of the following statements about the board of directors is untrue?
A) Boards advise the CEO.
B) Boards carry out resource acquisition for the focal firm.
C) Affiliated directors are independent directors.
D) Boards' effectiveness stems from norms.
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Chapter 17: Managing Corporate Social Responsibility
Globally
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Sample Questions
Q1) A defensive strategy would only respond to CSR causes when required by disasters and outcries.
A)True
B)False
Q2) Free market advocates believe that the first and foremost stakeholder group is
A) suppliers
B) employees
C) managers
D) shareholders
Q3) A reactive strategy is indicated by relatively little or no support by top management of CSR causes.
A)True
B)False
Q4) The primary stakeholder groups are those who influence or affect,or are influenced or affected by,the corporation,but are not engaged in transactions with the corporation.
A)True
B)False
Q5) Elaborate on the CSR movement.
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