McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Master of Business Administration (MBA) .
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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