International Management Test Preparation
Course Introduction
International Management explores the complexities of managing organizations in a global business environment. The course examines key concepts such as cross-cultural communication, international strategy, global leadership, and the management of international teams. Students analyze how cultural, economic, legal, and political differences impact managerial decisions and organizational performance across borders. Case studies and real-world examples provide insights into the challenges and opportunities of operating in diverse markets, preparing students to effectively lead and collaborate in multinational and multicultural settings.
Recommended Textbook
International Business The Challenges of Globalization 7th Edition by John J. Wild
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16 Chapters
1669 Verified Questions
1669 Flashcards
Source URL: https://quizplus.com/study-set/2725 Page 2
Chapter 1: Globalization
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100 Verified Questions
100 Flashcards
Source URL: https://quizplus.com/quiz/54332
Sample Questions
Q1) Research shows that pollution-intensive U.S.companies tend to invest in nations with lenient environmental standards.
A)True
B)False
Answer: False
Q2) ________ is defined as the dispersal of production activities to locations that help a company achieve its cost-minimization or quality-maximization objectives for a good or service.
A)Global offering
B)Globalization of production
C)Global governance
D)Globalization of markets
Answer: B
Q3) Any commercial transaction that crosses the borders of two or more nations is known as ________.
A)domestic marketing
B)market segmentation
C)international business
D)global manufacturing
Answer: C
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Chapter 2: Cross-Cultural Business
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) Sally,a social worker from the United States,has been stationed in Konesia for a year.She notices several things about the Konesian society; the people who report to her,for example,do so with an excessive amount of submissiveness,and her superior seems to expect the same of her.Which of the following statements about Konesia would be consistent with Hofstede's framework?
A)Konesians work best in an informal environment.
B)Konesia has a large power distance culture.
C)Konesian society is primarily individualistic.
D)Konesians derive power from their entrepreneurial drive.
Answer: B
Q2) Low levels of class consciousness encourage social mobility and lessen conflict. A)True
B)False Answer: True
Q3) Brain drain is the departure of highly educated people from one profession,geographic region,or nation to another.
A)True
B)False
Answer: True
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Page 4
Chapter 3: Politics,Law,and Business Ethics
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102 Verified Questions
102 Flashcards
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Sample Questions
Q1) Under a(n)________ political system,the state reigns supreme over institutions such as family,religion,business,and labor.
A)pluralistic
B)totalitarian
C)democratic
D)anarchist
Answer: B
Q2) ________ refers to the takeover of an entire industry by the government.
A)Decentralization
B)Globalization
C)Nationalization
D)Automatization
Answer: C
Q3) Which of the following statements about representative democracies is true?
A)All citizens participate freely and actively in political processes.
B)Leaders of representative democracies can stay in power indefinitely.
C)Citizens elect individuals from political groups to act on their behalf.
D)Representative democracies across the world share identical features.
Answer: C
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Page 5
Chapter 4: Economics and Emerging Markets
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100 Verified Questions
100 Flashcards
Source URL: https://quizplus.com/quiz/54322
Sample Questions
Q1) In which of the following economies would manufacturing firms most likely produce defective products due to low incentives for quality outputs?
A)centrally planned economies
B)market economies
C)closed economies
D)mixed economies
Q2) An economic system based on public ownership fosters growth much better than an economy based on private ownership.
A)True
B)False
Q3) Which of the following terms is used to refer to the exchange of goods and services for other goods and services instead of money?
A)fiat money
B)letter of credit
C)barter
D)guanxi
Q4) What is economic transition? Describe the obstacles that countries face during economic transition.
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Page 6
Chapter 5: International Trade
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100 Verified Questions
100 Flashcards
Source URL: https://quizplus.com/quiz/54321
Sample Questions
Q1) Companies that belong to a nation's internationally competitive industries exist in isolation from supporting industries.
A)True
B)False
Q2) Chuck believes that his business has grown because of his personal involvement in every step of the way.What advice do you offer Chuck as he continues to expand his business in new Asian markets?
A)Contact distributors directly to avoid misunderstandings that can arise when using third-party contacts.
B)Always stick to corporate settings when doing business to avoid misunderstandings that can arise in less formal environments.
C)Protect your interests by insisting on detailed contracts from the start.
D)Use proper intermediaries as required in Pacific Rim nations.
Q3) Describe the potential benefits of international trade.Why would a nation trading with a neomercantilist country be at a disadvantage?
Q4) Mercantilism views competition for the world's wealth as a positive-sum game.
A)True
B)False
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Chapter 6: Business-Government Trade Relations
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108 Verified Questions
108 Flashcards
Source URL: https://quizplus.com/quiz/54320
Sample Questions
Q1) A tariff levied by the government of a country that a product is passing through on its way to a final destination is called a ________ tariff.
A)transit
B)compound
C)export
D)specific
Q2) Which of the following is prompting farmers in many developed nations to discover new ways to manage risk and increase agricultural efficiency?
A)enforcement of trade embargoes and tariffs
B)exposure of agribusiness to market forces
C)provision of extensive government subsidies
D)designation of agricultural products as dual use products
Q3) Restrictions on the convertibility of one currency into others is called administrative delays.
A)True
B)False
Q4) Write a short note on the World Trade Organization and its influence on the environment.
Q5) Describe each instrument that governments use to promote trade.
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Chapter 7: Foreign Direct Investment
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104 Verified Questions
104 Flashcards
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Sample Questions
Q1) The ________ theory states that a firm tries to establish a dominant presence in an industry by undertaking foreign direct investment.
A)eclectic
B)market power
C)market imperfections
D)international product life cycle
Q2) A(n)________ advantage is the one that a company gains from incorporating a business activity within itself rather than leaving it to a relatively inefficient market.
A)ownership
B)internalization
C)location
D)comparative
Q3) Building a subsidiary abroad from the ground up is called a greenfield investment. A)True
B)False
Q4) Explain the concept of balance of payments and describe its two major components.
Q5) What two factors propel growth in foreign direct investment?
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Chapter 8: Regional Economic Integration
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112 Verified Questions
112 Flashcards
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Sample Questions
Q1) Which of the following institutions is least likely to play an important role in monitoring and enforcing economic and political integration in the European Union?
A)European Parliament
B)Council of the European Union
C)European Court of Human Rights
D)European Commission
Q2) Briefly describe regional integration efforts in Central America and the Caribbean.
Q3) The greatest benefit of regional integration is trade diversion.
A)True
B)False
Q4) The ________ was established in 2006 between the United States and Costa Rica,El Salvador,Guatemala,Honduras,Nicaragua,and later the Dominican Republic.
A)NAFTA
B)LAFTA
C)CAFTA-DR
D)CAN
Q5) Describe the Association of Southeast Asian Nations (ASEAN).
Q6) Discuss the benefits and drawbacks of regional integration.
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Chapter 9: International Financial Markets
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109 Verified Questions
109 Flashcards
Source URL: https://quizplus.com/quiz/54317
Sample Questions
Q1) What is the role of debt in national capital markets,and what form does company debt normally take? Describe the different types of international bonds.
Q2) Which of the following terms refers to a stock market with no central geographic location?
A)cybermarket
B)foreign exchange market
C)capital market
D)international bond market
Q3) In a quoted exchange rate of $1.69/British pound,the British pound is called the
A)base currency
B)counter currency
C)cross currency
D)quoted currency
Q4) All foreign exchange transactions can be performed in the over-the-counter (OTC)market.
A)True
B)False
Q5) Explain the function of spot rates and the spot market.
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Chapter 10: International Money System
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107 Verified Questions
107 Flashcards
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Sample Questions
Q1) ________ was the first nation to implement the gold standard in the early 1700s.
A)The United States
B)Britain
C)France
D)Japan
Q2) The value of a currency expressed in terms of gold is called its ________.
A)book value
B)net asset value
C)par value
D)carrying value
Q3) IMF members formalized the existing system of floating exchange rates as the new international monetary system by drafting the so-called ________.
A)Bretton Woods Agreement
B)Smithsonian Agreement
C)Plaza Accord
D)Jamaica Agreement
Q4) Discuss the challenges involved in forecasting exchange rates.
Q5) If the law of one price is applied and upheld,an arbitrage opportunity arises.
A)True
B)False
Page 12
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Chapter 11: International Strategy and Organization
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112 Verified Questions
112 Flashcards
Source URL: https://quizplus.com/quiz/54330
Sample Questions
Q1) A ________ strategy is one in which a company designs its products to be perceived by buyers as unique throughout its industry.
A)differentiation
B)stability
C)low-cost leadership
D)retrenchment
Q2) Which of the following is the first stage of the strategy-formulation process?
A)identification of value-creating activities
B)formulation of strategies
C)identification of company mission and goals
D)identification of core competency
Q3) Explain participative management and accountability in a decentralized organization,and discuss the probable accountability issues in a global matrix structure.Include a description of the global matrix structure in your answer.
Q4) Core competencies of organizations are the special skills of certain employees that give a company an edge over other organizations.
A)True
B)False
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Chapter 12: Analyzing International Opportunities
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106 Verified Questions
106 Flashcards
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Sample Questions
Q1) When developing a market-potential indicator for an emerging market,the size of the market is typically estimated from the nation's ________.
A)income elasticity
B)GDP
C)total population
D)GDP at purchasing power parity
Q2) Which of the following is the final step in the screening process for potential markets and sites?
A)assessment of the national business environment
B)measurement of market or site potential
C)selection of the market or site
D)assessment of climate suitability
Q3) The first step in the screening of potential markets is an assessment of the national business environment.
A)True
B)False
Q4) What are the factors managers consider when analyzing industrialized markets?
Discuss why the comparability of data is a major challenge while conducting international research.
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Chapter 13: Selecting and Managing Entry Modes
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106 Verified Questions
106 Flashcards
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Sample Questions
Q1) Export/import financing in which an exporter ships merchandise and later bills the importer for its value is called ________.
A)advance payment
B)open account
C)a letter of credit
D)documentary collection
Q2) Which of the following refers to a contract between the exporter and shipper that specifies merchandise destination and shipping costs?
A)sight draft
B)bill of lading
C)letter of credit
D)bill of exchange
Q3) A ________ joint venture is formed when each partner requires the same component in its production process.
A)backward
B)multistage
C)forward
D)buyback
Q4) What are the differences between a turnkey project and a strategic alliance?
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Chapter 14: Developing and Marketing Products
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103 Verified Questions
103 Flashcards
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Sample Questions
Q1) Describe the five communication strategies that companies commonly use and cite situations where the strategies are used.
Q2) Counterfeiting is common among highly visible brand-name consumer goods.
A)True
B)False
Q3) Which of the following is among the most commonly counterfeited products?
A)aircraft parts
B)watches
C)surgical equipment
D)medicines
Q4) Which of the following occurs when an idea to be communicated is translated into images,words,and symbols?
A)compiling
B)encoding
C)parsing
D)processing
Q5) A brand name can function as a legal property.
A)True
B)False
Q6) How does the dual extension method work as a promotional strategy?
Page 16
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Chapter 15: Managing International Operations
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99 Verified Questions
99 Flashcards
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Sample Questions
Q1) Which of the following statements is true regarding total quality management (TQM)?
A)TQM emphasizes on a single effort at the start to improve the quality of its products.
B)TQM largely increases the responsibility on each individual to focus on quality.
C)TQM philosophy initially took hold in the U.S.
D)TQM applies solely to an employee's activities based inside a factory.
Q2) Which of the following is established by a company that builds an entirely new facility?
A)a divestiture
B)a shadow economy
C)a greenfield investment
D)a shell corporation
Q3) Describe the issues involved in the decision of how a company acquires raw materials and fixed assets.
Q4) What are the options available to companies seeking financial resources?
Q5) Explain the concept of capital structure as it applies to a company with international operations.
Q6) What are the advantages of American Depository Receipts (ADRs)?
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Chapter 16: Hiring and Managing Employees
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101 Verified Questions
101 Flashcards
Source URL: https://quizplus.com/quiz/54325
Sample Questions
Q1) The major drawback of polycentric staffing is the potential to ________.
A)lose control of host-country operations
B)experience a high incidence of expatriate failure
C)create barriers for the host-country office
D)create legal problems for the home-country office
Q2) Centralizing the decisions that directly impact workers' lives contribute to better labor-management relations.
A)True
B)False
Q3) ________ would most likely be recruited for nonmanagerial positions at foreign subsidiaries that do not require specialized skills.
A)Recent graduates from colleges in the home country
B)Home-country specialists
C)Workers from the local host-country market
D)Current employees from the company headquarters
Q4) An ethnocentric policy toward staffing is typically reserved for top-level managers.
A)True
B)False
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