McqMate
Chapters
1. |
The international division is established: |
A. | In the corporate headquarters of the firm |
B. | At the regional headquarter. |
C. | Under marketing department. |
D. | Mostly at the corporate headquarters of the firm, but can be at a foreign centre also. |
Answer» D. Mostly at the corporate headquarters of the firm, but can be at a foreign centre also. |
2. |
Global area structure is suitable for firms: |
A. | Narrow product line. |
B. | Wider product line |
C. | Narrow product line not transferable across regions. |
D. | none |
Answer» D. none |
3. |
Duplication of staff groups results in: |
A. | International division structure. |
B. | Global product division structure. |
C. | Global matrix structure. |
D. | none |
Answer» B. Global product division structure. |
4. |
Most complex of international organization structures is : |
A. | Global matrix structure. |
B. | Global functional structure |
C. | Transnational network structure. |
D. | none |
Answer» C. Transnational network structure. |
5. |
Posting of home country nationals for all key management positions throughout the globe is supported by: |
A. | Geocentric staffing model. |
B. | Polycentric staffing model. |
C. | Ethnocentric staffing model. |
D. | none |
Answer» C. Ethnocentric staffing model. |
6. |
The following is not considered as an acceptable motivation for foreign assignments: |
A. | Desire for adventure. |
B. | Desire to increase chances of promotion. |
C. | Escape from boredom of present assignment. |
D. | none |
Answer» C. Escape from boredom of present assignment. |
7. |
It was recognized in the 1990s that physical assets are not the only thing that needs to be included in the valuation of a firm. In Europe, firms also included a supplement detailing the: |
A. | Goodwill |
B. | Intellectual capital |
C. | Brand reputation |
D. | Knowledge |
Answer» B. Intellectual capital |
8. |
A graph showing a rise in demand over a number of years can be described as: |
A. | Raw data |
B. | Information |
C. | Narrative |
D. | Knowledge |
Answer» B. Information |
9. |
Something that you learn to do by practicing rather than from reading a manual is knownas: |
A. | Explicit knowledge |
B. | Codified knowledge |
C. | Embodied knowledge |
D. | Symbolic knowledge |
Answer» C. Embodied knowledge |
10. |
Knowledge that is known to a specific set of people who understand what particular references mean, whereas people outside of that group don't know what they mean is known as: |
A. | Clique knowledge |
B. | Elite knowledge |
C. | Cultural knowledge |
D. | Symbolic knowledge |
Answer» D. Symbolic knowledge |
11. |
Organizations that are good at developing relevant capabilities to respond to a changing context are known as: |
A. | Knowing organizations |
B. | Stretch organizations |
C. | Learning organizations |
D. | Absorptive organizations |
Answer» C. Learning organizations |
12. |
An organization adjusts its pricing in response to falling customer demand. This is an example of which type of learning? |
A. | Single-loop learning |
B. | Double-loop learning |
C. | Surface learning |
D. | Deep learning |
Answer» A. Single-loop learning |
13. |
Which of the following attributes is NOT seen as being necessary for an organization to become a 'learning organization'? |
A. | Cultural diversity |
B. | Top management commitment |
C. | Openness to new ideas |
D. | Willingness to experiment and risk making mistakes |
Answer» A. Cultural diversity |
14. |
One of the traps into which organizations can fall with respect to organizational learning is that they misread the reasons for success or failure. This trap is known as: |
A. | Causal ambiguity |
B. | Superstitious learning |
C. | Surface learning |
D. | Mistaken attribution learning |
Answer» B. Superstitious learning |
15. |
Knowledge management is concerned with the emergence, storage and_________ of knowledge. |
A. | Trade |
B. | Transfer |
C. | Translation |
D. | Transcription |
Answer» B. Transfer |
16. |
One of the main problems with explicit knowledge is that: |
A. | It is difficult to transfer |
B. | It is easier to obtain it |
C. | It is not fluid |
D. | It inhibits further learning |
Answer» B. It is easier to obtain it |
17. |
A holding company is: |
A. | An organization with a balanced portfolio of individual businesses |
B. | A decentralized organization with a small head office that organizes finance for the subsidiaries |
C. | A centralized organization with a small head office that helps subsidiaries develop and finance their strategies |
D. | A decentralized organization with a large head office that offers a broad range of advice and services to subsidiaries |
Answer» B. A decentralized organization with a small head office that organizes finance for the subsidiaries |
18. |
A firm has a functional director for six areas and an area director for three functions. There, taff at each area/function will be reporting to 2 bosses. This firm has which type of structure? |
A. | Project structure |
B. | Matrix structure |
C. | Divisionalized structure |
D. | Front-back structure |
Answer» B. Matrix structure |
19. |
An organization structure that is in the main a functional or divisional structure but also includes project teams to deal with specific issues is called: |
A. | An M-form structure |
B. | A front-back structure |
C. | A networked structure |
D. | A hybrid structure |
Answer» D. A hybrid structure |
20. |
An organization that divides its structure into two main parts - one dealing with product groups and one dealing with customer segments is called: |
A. | A front-back structure |
B. | A product-customer structure |
C. | A back to back structure |
D. | A matrix structure |
Answer» A. A front-back structure |
21. |
The essential question that a corporate parent needs to ask is: |
A. | Does it add value to its individual businesses |
B. | How does it achieve a balanced portfolio |
C. | How does it achieve synergies across business units |
D. | How related should its business units be |
Answer» A. Does it add value to its individual businesses |
22. |
A corporate parent can offer an individual business a number of 'propositions'. These are build propositions, stretch propositions, link propositions, select propositions and: |
A. | Lend propositions |
B. | Locate propositions |
C. | Leverage propositions |
D. | Leap propositions |
Answer» C. Leverage propositions |
23. |
The parenting style 'financial control' will tend to be most suitable in which type of portfolio? |
A. | A broad portfolio of fast growing businesses |
B. | Stable businesses with low investment needs |
C. | A narrow portfolio of closely related businesses |
D. | A rapidly changing business environment |
Answer» B. Stable businesses with low investment needs |
24. |
Which type of corporate parenting style has the closest relationship with its individual businesses? |
A. | Co-evolution |
B. | Corporate flexibility |
C. | Strategic Control |
D. | Strategic planning |
Answer» D. Strategic planning |
25. |
What is the main reason why organizations enter alliances? |
A. | To find out how the other organization works, and copy it |
B. | To obtain synergies between other organizations' resources and their own |
C. | To increase their capacity to learn |
D. | Because they have not enough cash to acquire the other organization |
Answer» B. To obtain synergies between other organizations' resources and their own |
26. |
Which of the following is NOT an important element to look for when selecting an alliance partner? |
A. | Very similar culture and resources |
B. | Compatible expectations and objectives |
C. | They should have as much to lose as you do if the alliance fails |
D. | Resources that complement your own |
Answer» A. Very similar culture and resources |
27. |
When there is a fit between the goals of the organization and the goals of individuals, this is known as: |
A. | Goal fit |
B. | Goal congruence |
C. | Goal hierarchy fit |
D. | Goal coordination |
Answer» B. Goal congruence |
28. |
Which of the following is correct? |
A. | An organization's structure would be expected to evolve as it grew larger and more diverse |
B. | Every organization starts out with a simple structure, then moves to a functional structure before becoming divisionalized |
C. | Network structures are superior to functional ones |
D. | Organizational performance will suffer if the structure is not stable |
Answer» A. An organization's structure would be expected to evolve as it grew larger and more diverse |
29. |
The shape or format of reporting and decision making relationships can be defined as the organizational: |
A. | Span of control |
B. | Architecture |
C. | Hierarchy |
D. | Chain of command |
Answer» C. Hierarchy |
30. |
The main components of an organization's architecture are structural hierarchy, values and belief systems, contracts and relationships and (two more): |
A. | Control systems and ways of working |
B. | Information infrastructure and power structures |
C. | Control systems and power structures |
D. | Control systems and information infrastructure |
Answer» D. Control systems and information infrastructure |
31. |
A 'vertical architecture' is one which: |
A. | Has a tall hierarchy |
B. | Has many layers of management |
C. | Extends beyond the boundaries of legal ownership |
D. | Is very bureaucratic |
Answer» C. Extends beyond the boundaries of legal ownership |
32. |
Organizational structures and systems can be judged using five dimensions (ABCDE) to assess whether they are achieving an appropriate balance. These five dimensions are Autonomy, Bureaucracy, Cultural Control, Decentralization and: |
A. | Equal Opportunities |
B. | Economic Incentives |
C. | Equality and Diversity |
D. | Evidence of Learning |
Answer» B. Economic Incentives |
33. |
Employees who work in an autonomous fashion are: |
A. | Given freedom to make decisions |
B. | Closely monitored |
C. | Heavily influenced by organizational culture |
D. | Motivated by non-financial rewards |
Answer» A. Given freedom to make decisions |
34. |
Bureaucracy is sometimes seen as a negative thing but it has some benefits for organizations. Which of the following is NOT a benefit of bureaucracy? |
A. | It can make information easier to share |
B. | It can reduce errors |
C. | It can increase organizational flexibility |
D. | It can ensure that stakeholders are treated consistently |
Answer» C. It can increase organizational flexibility |
35. |
Successful business relationships tend to: |
A. | Combine relational contracts - to build trust in the long term - with transactional contracts to cover specific situations |
B. | Depend upon tightly written legal contracts that take account of every potential problem or issue |
C. | Rely upon firms being able to trust their employees and partners |
D. | Be treated as finite games that both partners know will end sooner or later |
Answer» A. Combine relational contracts - to build trust in the long term - with transactional contracts to cover specific situations |
36. |
Goffee and Jones use two variables to classify organizational cultures. These are: |
A. | Sociability and Synergy |
B. | Cohesion and Synergy |
C. | Sociability and Solidarity |
D. | Solidarity and Cohesion |
Answer» C. Sociability and Solidarity |
37. |
Hyperglobalization is a process of globalization which — |
A. | emphasizes the rise of regionalism |
B. | emphasizes the rise of nation states |
C. | emphasizes the rise of the TNC and decline of the nation state |
D. | emphasizes the decline of the TNC |
Answer» C. emphasizes the rise of the TNC and decline of the nation state |
38. |
Economic globalization is characterized by — |
A. | rise of regionalism |
B. | international migration |
C. | cross-cultural flows of ideas |
D. | international trade and investment flows |
Answer» D. international trade and investment flows |
39. |
Cultural homogeneity refers to — |
A. | cross-cultural movements |
B. | inter-cultural movements |
C. | adaptation to the local culture |
D. | cultural uniformity |
Answer» D. cultural uniformity |
40. |
The process of glocalization is — |
A. | emphasis on local culture |
B. | the use of regional symbols |
C. | an amalgamation of the global and the local |
D. | emphasis on global culture |
Answer» C. an amalgamation of the global and the local |
41. |
Political globalization is the process of — |
A. | changes in the rules and structures of global governance |
B. | rise of the WTO |
C. | change in political systems |
D. | emergence of a political ideology |
Answer» A. changes in the rules and structures of global governance |
42. |
South–South co-operation means — |
A. | the flow of resources from one developing country to another |
B. | increasing diplomatic relations among emerging economies |
C. | increasing investment between developing countries |
D. | rising trade between countries |
Answer» A. the flow of resources from one developing country to another |
43. |
International orientation refers to — |
A. | a gradual process of internationalization |
B. | a firm’s modes of entry into international business |
C. | an attitude or strategic predisposition of a TNC towards internationalization |
D. | the stage theory of internationalization |
Answer» C. an attitude or strategic predisposition of a TNC towards internationalization |
44. |
Ethnocentric orientation is a predisposition towards — |
A. | regionalism |
B. | the home country |
C. | the global economy |
D. | geographically proximate regions |
Answer» B. the home country |
45. |
Pull factors refer to — |
A. | offensive motives of internationalization |
B. | strategic motivation |
C. | market motives of internationalization |
D. | resource-seeking motives |
Answer» A. offensive motives of internationalization |
46. |
Business entities engaged in international business activity are commonly known as- |
A. | NGOs |
B. | EOUs |
C. | State-trading corporations |
D. | TNCs |
Answer» D. TNCs |
47. |
Credits transferable by original beneficiary in favor of secondary beneficiary areknown as |
A. | Deferred credits |
B. | Transit credits |
C. | Installment credits |
D. | Transferable credits |
Answer» A. Deferred credits |
48. |
When the exporter, expects the importer, to make the payment immediately upon the draft being presented to him is called. |
A. | Sight Draft. |
B. | Usance Draft |
C. | Demand draft |
D. | Pay Note |
Answer» A. Sight Draft. |
49. |
The basic objective of export Promotion Council is to promote and develop the Exports of the |
A. | Particular products of country |
B. | Only attractive projects of the country |
C. | Only services industry products of the country |
D. | none |
Answer» A. Particular products of country |
50. |
Ethical issues concerning business and public sector organizations exist at three levels: |
A. | Macro; Corporate; Individual. |
B. | Corporate; Business; Functional. |
C. | Corporate; Functional; Individual. |
D. | Business; Family; Individual. |
Answer» A. Macro; Corporate; Individual. |
51. |
The culture of an organization can be conceived as consisting of four layers. |
A. | Values, beliefs, behaviors and taken-for-granted assumptions. |
B. | Values, belief, tasks. |
C. | Belief, tasks, personalities. |
D. | Individual, functional, organizational. |
Answer» C. Belief, tasks, personalities. |
52. |
The primary stakeholders are: |
A. | Customers. |
B. | Suppliers. |
C. | Shareholders. |
D. | Creditors. |
Answer» C. Shareholders. |
53. |
The goal of corporate governance and business ethics education is to: |
A. | Teach students their professional accountability and to uphold their personal Integrity to society. |
B. | Change the way in which ethics is taught to students. |
C. | Create more ethics standards by which corporate professionals must operate. |
D. | Increase the workload for accounting students. |
Answer» D. Increase the workload for accounting students. |
54. |
The corporate governance structure of a company reflects the individual companies’ |
A. | Cultural and economic system. |
B. | Legal and business system. |
C. | Social and regulatory system. |
D. | All of the above. |
Answer» A. Cultural and economic system. |
55. |
The internal audit function is least effective when the department: |
A. | Is non-independent. |
B. | Is competent. |
C. | Is objective. |
D. | Exhibits integrity |
Answer» A. Is non-independent. |
56. |
Under which theory both internal and external corporate governance mechanisms are Intended to induce managerial actions that maximize profit and shareholder value. |
A. | Shareholder theory. |
B. | Agency theory. |
C. | Stakeholder theory. |
D. | Corporate governance theory. |
Answer» D. Corporate governance theory. |
57. |
Which theory states that, lack of resources often helps countries to become competitive |
A. | Competitive theory |
B. | Porters Diamond Model |
C. | Theory of Mercantilism |
D. | Product life cycle theory |
Answer» B. Porters Diamond Model |
58. |
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» D. Discourage exports and encourage imports |
59. |
General electric follows ___________ as its international operational strategy |
A. | Global |
B. | International |
C. | Multi-domestic |
D. | Transnational |
Answer» C. Multi-domestic |
60. |
In 90’s the global management perception was based on |
A. | Standardization v/s adaptation |
B. | Globalization v/s localization |
C. | Global integration v/s Local Responsiveness |
D. | Local responsiveness |
Answer» D. Local responsiveness |
61. |
Which one is not an international organisation |
A. | SAARC |
B. | ASEM |
C. | ASEAN |
D. | CBDT |
Answer» A. SAARC |
62. |
'De-coupling' denotes. |
A. | Indian market may be cutt off from global markets so that it may be affected by global volatility. |
B. | Separating the birds affected by bird flue. |
C. | that markets are independent. |
D. | None of the above. |
Answer» D. None of the above. |
63. |
Out of the following, one is not related with WTO |
A. | TRIPS |
B. | Ministerial Conference |
C. | TRIMS |
D. | TRAI |
Answer» D. TRAI |
64. |
What is Euro-lll? |
A. | European Currency |
B. | Group of European Countries |
C. | European Film Festival |
D. | Pollution central Scale |
Answer» A. European Currency |
65. |
A letter of credits means |
A. | A bank agreeing to accept and pay on due date |
B. | A letter containing conditions of credit purchase or sale |
C. | A letter sent by exporter to importer sanctioning credit dial. |
D. | A letter sent by importer to exporter sanctioning credit deal. |
Answer» A. A bank agreeing to accept and pay on due date |
66. |
The 21st member to join the G-20 is |
A. | Sri Lanka |
B. | Uzbekistan |
C. | Myanmar |
D. | Urugway |
Answer» C. Myanmar |
67. |
Each member of IMF, is assigned a quota expressed in |
A. | Member country's currency |
B. | Dollar |
C. | Special Drawing Rights |
D. | None of the above |
Answer» B. Dollar |
68. |
In independent India, the first major foreign exchange crisis occurred in the year __ . |
A. | 1955 |
B. | 1956 |
C. | 1969 |
D. | 1991 |
Answer» C. 1969 |
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