McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Management Studies (BMS) , Master of Business Administration (MBA) .
Chapters
| 151. |
These firms allocate corporate resources without regard to national frontiers and do not hesitate making direct investment abroad. |
| A. | ethnocentric firms |
| B. | polycentric firms |
| C. | geocentric firms |
| D. | none of the above |
| Answer» D. none of the above | |
| 152. |
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» C. Political and economic and legal | |
| 153. |
An 'industry recipe' can be defined as: |
| A. | An accepted pattern of operating and competing |
| B. | A tactic for anticipating a competitor's next move |
| C. | The hidden competences that are difficult to imitate |
| D. | A strategic group |
| Answer» B. A tactic for anticipating a competitor's next move | |
| 154. |
Typically, profits are highest in which stage of the industry life-cycle? |
| A. | Introduction |
| B. | Growth |
| C. | Maturity |
| D. | Decline |
| Answer» A. Introduction | |
| 155. |
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 | |
| 156. |
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 | |
| 157. |
The Six Forces framework is based on the principle of: |
| A. | Resource-based view |
| B. | Conduct - structure - performance |
| C. | Econometrics |
| D. | Structure - conduct – performance |
| Answer» D. Structure - conduct – performance | |
| 158. |
In the Six Forces, the 'threat of new entrants' relates to: |
| A. | Barriers to entry |
| B. | Substitutes |
| C. | Switching costs |
| D. | Buyer power |
| Answer» D. Buyer power | |
| 159. |
An industry characterized by irregular patterns of stability, rapid technological change, high uncertainty and global competition can be described as: |
| A. | Hypercompetitive |
| B. | Hyperactive |
| C. | Atypical |
| D. | Co-optive |
| Answer» D. Co-optive | |
| 160. |
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» C. The Prisoner's Dilemma | |
| 161. |
In the context of environmental analysis, 'munificence' means: |
| A. | The extent to which resources are freely available to support firms in an industry and enable them to grow |
| B. | The extent to which it is diverse |
| C. | The extent to which it is stable or turbulent |
| D. | The extent to which the industry follows the conventional life-cycle stages. |
| Answer» B. The extent to which it is diverse | |
| 162. |
What are most trade policies driven by? |
| A. | Conflicts of interest between nations. |
| B. | Conflicts of interest within nations. |
| C. | Disagreements regarding who should produce certain products. |
| D. | Disagreements on the prices of major commodities. |
| Answer» B. Conflicts of interest within nations. | |
| 163. |
How is international trade policies governed? |
| A. | By the IMF. |
| B. | They are not governed by anyone. |
| C. | By the GATT. |
| D. | By the U.N. |
| Answer» C. By the GATT. | |
| 164. |
Regionalism is: |
| A. | The grouping of countries into regional clusters based on eographic proximity. |
| B. | An international management orientation. |
| C. | A protectionist policy created to exclude third world countries from certain forms of international trade. |
| D. | An international management orientation and a protectionist policy created to |
| Answer» A. The grouping of countries into regional clusters based on eographic proximity. | |
| 165. |
In 2003, the US had the largest total amount of imports from and exports to |
| A. | China. |
| B. | Mexico. |
| C. | Canada. |
| D. | Germany. |
| Answer» C. Canada. | |
| 166. |
In its most basic form, the gravity model says that the most important factors that describe the amount of trade between countries are |
| A. | the cultural affinity between the countries and the existence or lack of a common language. |
| B. | the tariff barriers between the countries and the costs of transportation. |
| C. | differences in wages and technology between countries. |
| D. | the amount that the countries produce and the distance between them. |
| Answer» D. the amount that the countries produce and the distance between them. | |
| 167. |
Evidence shows that |
| A. | the effect of borders is not important when comparing international trade with trade between regions within a country. |
| B. | the amount of trade that a country undertakes is not related to its geography. |
| C. | the amount of trade between countries is not related to the cultural affinity between the countries. |
| D. | countries farther apart have less trade between them on average. |
| Answer» D. countries farther apart have less trade between them on average. | |
| 168. |
The North American Free Trade Agreement |
| A. | has reduced the usefulness of the gravity model. |
| B. | has shown that international borders no longer affect the amount of trade between countries. |
| C. | has reduced tariffs and other trade restrictions among British Columbia, Manitoba and Ontario. |
| D. | has reduced tariffs and other trade restrictions among Canada, Mexico and the US. |
| Answer» D. has reduced tariffs and other trade restrictions among Canada, Mexico and the US. | |
| 169. |
While technologies have reduced the negative effect that distance has on trade, |
| A. | the effect of international borders has not been reduced through trade agreements. |
| B. | the effects of the Internet and airplanes on trade have been negligible. |
| C. | political factors have historically been more influential in determining the amount of trade than available technologies. |
| D. | cultural clashes have recently reduced the amount of US trade compared to US trade in 1950. |
| Answer» C. political factors have historically been more influential in determining the amount of trade than available technologies. | |
| 170. |
Which of the following is the last step in marketing research process? |
| A. | Developing the research plan |
| B. | Interpreting and reporting the findings |
| C. | Defining the problem and research objectives |
| D. | Implementing the research plan |
| Answer» B. Interpreting and reporting the findings | |
| 171. |
Which one of the following research instruments is used to collect information quickly? |
| A. | Mail questionnaires |
| B. | Telephone interviewing |
| C. | Personal interviewing |
| D. | Computer interviewing |
| Answer» B. Telephone interviewing | |
| 172. |
In creating research questionnaires, which of the following is good advice for research specialist to follow? |
| A. | Use care in the wording and ordering of questions |
| B. | Questions do not have to be arranged in a logical order |
| C. | Ask personal questions in the middle of the instrument |
| D. | Avoid eye contact as it may confuse the respondents |
| Answer» A. Use care in the wording and ordering of questions | |
| 173. |
Open-ended questions are especially useful in which of the following research when the researcher is trying to find out what people think but not measuring how many people think in a certain way? |
| A. | Causal research |
| B. | Observational research |
| C. | Experimental research |
| D. | Exploratory research |
| Answer» A. Causal research | |
| 174. |
Three common techniques sales managers use to boost sales force morale that include the organizational climate, sales quotas and which one of the following is the third Technique? |
| A. | Positive incentives |
| B. | Positive thinking |
| C. | Positive recognition |
| D. | Positive feedback |
| Answer» D. Positive feedback | |
| 175. |
The top country in terms of marketing research expenditures is |
| A. | The United Kingdom |
| B. | The United States |
| C. | Germany |
| D. | Japan |
| Answer» B. The United States | |
| 176. |
This kind of information is collected firsthand to answer specific, current research questions. |
| A. | Primary data |
| B. | Secondary data |
| C. | Selective data |
| D. | Relevant data |
| Answer» A. Primary data | |
| 177. |
One problem of primary data is |
| A. | Specificity |
| B. | Relevance |
| C. | Being up to date |
| D. | Cost |
| Answer» D. Cost | |
| 178. |
Information that has already been collected for other purposes is called |
| A. | Primary data |
| B. | Principal data |
| C. | Secondary data |
| D. | none |
| Answer» C. Secondary data | |
| 179. |
This is not a characteristic of a good test market. |
| A. | Representativeness |
| B. | Self-contained media |
| C. | Expanded trading area |
| D. | Market isolation |
| Answer» C. Expanded trading area | |
| 180. |
When a measuring instrument is able to measure what it purports to, the instrument is |
| A. | Reliable |
| B. | Consistent |
| C. | Stable |
| D. | Valid |
| Answer» D. Valid | |
| 181. |
The results of American consumers' responses may not apply to foreign consumers. This is a problem of |
| A. | Internal validity |
| B. | Specific validity |
| C. | External validity |
| D. | Predictive validity |
| Answer» C. External validity | |
| 182. |
This step of MIS (marketing information system) development involves the investigation of all users' needs. |
| A. | System analysis |
| B. | System design |
| C. | System implementation |
| D. | System investigation |
| Answer» A. System analysis | |
| 183. |
Perhaps, the most credible argument for protectionist measures is |
| A. | Keeping money at home |
| B. | Reducing unemployment |
| C. | Enhancing national security |
| D. | Protecting infant industry |
| Answer» D. Protecting infant industry | |
| 184. |
Compared to a protective tariff, a revenue tariff is |
| A. | Lower |
| B. | Higher |
| C. | About the same |
| D. | none |
| Answer» A. Lower | |
| 185. |
The duties stated as a fixed percentage of the invoice value are |
| A. | Specific duties |
| B. | Ad valorem duties |
| C. | Compound duty |
| D. | Combined rates |
| Answer» B. Ad valorem duties | |
| 186. |
This kind of tax is collected at each point in the distribution chain and levied on the total value of a product. |
| A. | Single-stage sales tax |
| B. | Value added tax |
| C. | Cascade tax |
| D. | Excise tax |
| Answer» C. Cascade tax | |
| 187. |
This is not a nontariff barrier. |
| A. | Documentation |
| B. | Quota |
| C. | Product inspection |
| D. | Countervailing duties |
| Answer» D. Countervailing duties | |
| 188. |
GATT's Subsidies Code prohibits the use of export subsidies on |
| A. | Nonprimary products |
| B. | Primary products |
| C. | Both primary and nonprimary products |
| D. | Neither nonprimary nor primary products |
| Answer» A. Nonprimary products | |
| 189. |
When a country permits an import of limited quantities at low rates of duty but subjects an excess amount to a much higher rate, this kind of quota is used. |
| A. | Absolute quota |
| B. | Voluntary quota |
| C. | Relative quota |
| D. | Tariff quota |
| Answer» D. Tariff quota | |
| 190. |
This type of trade barriers is easiest to deal with. |
| A. | Tariffs |
| B. | Nontariff barriers |
| C. | Private barriers |
| D. | International barriers |
| Answer» A. Tariffs | |
| 191. |
These barriers are least transparent. |
| A. | Tariffs |
| B. | Nontariff barriers |
| C. | Government barriers |
| D. | Private barriers |
| Answer» D. Private barriers | |
| 192. |
South Korea's chaeboland Japan's keiretsu are examples of |
| A. | Tariffs |
| B. | Nontariff barriers |
| C. | Private barriers |
| D. | Government barriers |
| Answer» C. Private barriers | |
| 193. |
This world organization wants to achieve a broad, multilateral, and free worldwide system of trading. |
| A. | WTO |
| B. | GSP |
| C. | UNCTAD |
| D. | MFN |
| Answer» A. WTO | |
| 194. |
This organization does not allow a nation to veto a panel’s decision |
| A. | GATT |
| B. | WTO |
| C. | UN |
| D. | NAFTA |
| Answer» B. WTO | |
| 195. |
This organization is a permanent organ of the United Nations General Assembly, and its goal is to encourage development in Third World countries and enhance their export positions. |
| A. | GATT |
| B. | GSP |
| C. | UNCTAD |
| D. | IMF |
| Answer» C. UNCTAD | |
| 196. |
The system which gives LDCs' exports a preferential treatment is called |
| A. | GATT |
| B. | GSP |
| C. | UNCTAD |
| D. | MFN |
| Answer» A. GATT | |
| 197. |
This kind of quota is the most restrictive. |
| A. | absolute quota |
| B. | tariff quota |
| C. | voluntary quota |
| D. | VER |
| Answer» A. absolute quota | |
| 198. |
When a country permits an import of limited quantities at low rates of duty but Subjectsanexcess amount to a much higher rate, this kind of quota is used. |
| A. | absolute quota |
| B. | voluntary quota |
| C. | relative quota |
| D. | tariff quota |
| Answer» D. tariff quota | |
| 199. |
In the mid-1980s, Japan signed an orderly marketing agreement (OMA) restricting itsautoexports to the United States to 1.68 million units per year. This OMA is a(n) |
| A. | absolute quota |
| B. | tariff quota |
| C. | voluntary quota |
| D. | none |
| Answer» C. voluntary quota | |
| 200. |
South Korea's chaebol and Japan's keiretsu are examples of |
| A. | tariffs |
| B. | nontariff barriers |
| C. | private barriers |
| D. | government barriers |
| Answer» C. private barriers | |
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