McqMate
Chapters
1. |
When a firm seeks the benefits of global integration and local adaptation, it is best described as which type of strategy? |
A. | Transnational |
B. | Global |
C. | Multi-national |
D. | Global-local |
Answer» C. Multi-national |
2. |
A strategic decision can be distinguished from other types of decisions by three factors, these are magnitude, time-scale and: |
A. | Commitment |
B. | Riskiness |
C. | Impact |
D. | Longevity |
Answer» B. Riskiness |
3. |
'Influence' is defined as the ability to ____________ someone to something they would not otherwise have done. |
A. | Intimidate |
B. | Force |
C. | Order |
D. | Persuade |
Answer» A. Intimidate |
4. |
The authors believe there are three tests that can be applied to judge whether a strategy is 'good'. These are: |
A. | Fit, distinctiveness, sustainability |
B. | Fit, internal resources, external environment |
C. | Distinctiveness, internal resources, fit |
D. | Sustainability, distinctiveness, external environment |
Answer» B. Fit, internal resources, external environment |
5. |
According to Porter, dealing with the paradox of premature commitment versus not enough commitment involves some kind of: |
A. | Trade-off |
B. | Lock-in |
C. | Lock-out |
D. | Diversification |
Answer» C. Lock-out |
6. |
In terms of the PESTLE analysis, the liberalizing of international trade and tariff regimes could go in which section or sections? |
A. | Political |
B. | Legal |
C. | Political and economic and legal |
D. | Political and environmental |
Answer» D. Political and environmental |
7. |
Which of the following industries is least likely to follow the conventional life-cycle model? |
A. | Software development |
B. | Coal mining |
C. | Insurance broking |
D. | Hairdressing |
Answer» A. Software development |
8. |
Brandenburger and Nalebuff added a sixth force to Porter's Five Forces. It is known as: |
A. | The threat of substitutes |
B. | The power of complementors |
C. | Seller power |
D. | Government regulation |
Answer» A. The threat of substitutes |
9. |
A situation in which the joint moves of two firms can determine how much money each firm can make or lose can be explained using the story of: |
A. | The Trojan Horse |
B. | The Icarus Paradox |
C. | The Prisoner's Dilemma |
D. | The Icarus Dilemma |
Answer» D. The Icarus Dilemma |
10. |
According to Porter, if an organization does not follow either a cost leadership strategy or a differentiation strategy they are: |
A. | Hybrid |
B. | Stuck in the middle |
C. | Typical |
D. | No frills |
Answer» C. Typical |
11. |
Which is the right sequence of a stages of Internationalization |
A. | Domestic, Transnational, Global, International, Multinational |
B. | Domestic, International, Multinational, Global, Transnational |
C. | Domestic, Multinatinal, International, Transnational, Global |
D. | Domestic, Internatinal, Transnational, Multinational, Global |
Answer» B. Domestic, International, Multinational, Global, Transnational |
12. |
Which of the following is not a force in the Porter Five Forces model? |
A. | Buyers |
B. | Suppliers |
C. | Complementary products |
D. | Industry rivalry |
Answer» C. Complementary products |
13. |
A likely consequence of rationalization is: |
A. | Lower number of employees |
B. | Lower revenues |
C. | Higher costs |
D. | Price decrease |
Answer» B. Lower revenues |
14. |
The agreement signed by Ranbaxy Laboratory and Bayer AG of Germany in the year 1999 is an example of |
A. | Subsidiary |
B. | Joint venture |
C. | Strategic International Alliance |
D. | License agreement |
Answer» C. Strategic International Alliance |
15. |
When the transaction is of high value, complex In nature and more technical __________ method of export sales contract is used. |
A. | Performa invoice |
B. | Purchase order |
C. | Sales contact |
D. | None of the above |
Answer» C. Sales contact |
16. |
What are core competences? |
A. | Resources which critically underpin competitive advantage and that others cannot obtain. |
B. | Activities and processes needed to meet customers' minimum requirements and therefore to continue to exist. |
C. | Key skills required for success in a particular business. |
D. | Activities that underpin competitive advantage and are difficult for competitors to imitate or obtain. |
Answer» D. Activities that underpin competitive advantage and are difficult for competitors to imitate or obtain. |
17. |
Specific cultural dimensions that does not have a significant impact on cross-national business interactions is |
A. | Hofstede’s five cultural dimensions |
B. | Monochromatic vs polychromatic tune |
C. | Communication |
D. | Geography |
Answer» D. Geography |
18. |
Professional culture refers to |
A. | Shared belief of top managers about how they should manage themselves and their employees |
B. | Shared code of ethics and other commonalities shared by members of a given group |
C. | Both (a) and (c) |
D. | None of the above |
Answer» B. Shared code of ethics and other commonalities shared by members of a given group |
19. |
An attribute that doesn’t contribute to Porters Diamond model is |
A. | Government |
B. | Organized Trade union |
C. | Factor Conditions |
D. | Demand Conditions |
Answer» B. Organized Trade union |
20. |
Theory of Mercantilism propagates |
A. | Encourage exports and imports |
B. | Encourage exports and discourage imports |
C. | Discourage exports and imports |
D. | Discourage exports and encourage imports |
Answer» B. Encourage exports and discourage imports |
21. |
Identify a factor that doesn’t play an important role in attracting FDI |
A. | Laws, rule sand regulations |
B. | Administrative procedures and efficiency |
C. | Infrastructure related factors |
D. | Language |
Answer» D. Language |
22. |
General electric follows ___________ as its international operational strategy |
A. | GLOBAL |
B. | TRANSNATIONAL |
C. | INTERNATIONAL |
D. | MULTI-DOMESTIC |
Answer» B. TRANSNATIONAL |
23. |
Which term refers to the phenomenon in which the world’s population shares commonly recognized cultural symbols? |
A. | global village |
B. | monopolistic market |
C. | global city |
D. | multicultureal village |
Answer» A. global village |
24. |
According to the concept of the value chain, a firm is profitable if: |
A. | the value it commands equals the costs involved in creating the product. |
B. | it operates in global industries |
C. | the value it commands exceeds the costs involved in creating the product |
D. | the value it commands is lower than the costs involved in creating the product |
Answer» C. the value it commands exceeds the costs involved in creating the product |
25. |
In which industries is global competition more common? |
A. | where the value chain functions are carried out at head office |
B. | where upstream and support activities are crucial to competitive advantage |
C. | where downstream activities or other-tied activities are vital to competitive advantage |
D. | in none of the above situations |
Answer» B. where upstream and support activities are crucial to competitive advantage |
26. |
A global market leader is an organization which: |
A. | has the monopoly over several foreign markets. |
B. | has more than 50% global market share. |
C. | is ahead of the competition in terms of global innovation. |
D. | is recognized as being ahead of the rest in terms of market share. |
Answer» D. is recognized as being ahead of the rest in terms of market share. |
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