McqMate
Chapters
| 201. |
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 | |
| 202. |
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 | |
| 203. |
Business entities engaged in international business activity are commonly known as- |
| A. | NGOs |
| B. | EOUs |
| C. | State-trading corporations |
| D. | TNCs |
| Answer» D. TNCs | |
| 204. |
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 | |
| 205. |
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. | |
| 206. |
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 | |
| 207. |
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. | |
| 208. |
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. | |
| 209. |
The primary stakeholders are: |
| A. | Customers. |
| B. | Suppliers. |
| C. | Shareholders. |
| D. | Creditors. |
| Answer» C. Shareholders. | |
| 210. |
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. | |
| 211. |
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. | |
| 212. |
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. | |
| 213. |
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. | |
| 214. |
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 | |
| 215. |
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 | |
| 216. |
General electric follows ___________ as its international operational strategy |
| A. | Global |
| B. | International |
| C. | Multi-domestic |
| D. | Transnational |
| Answer» C. Multi-domestic | |
| 217. |
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 | |
| 218. |
Which one is not an international organisation |
| A. | SAARC |
| B. | ASEM |
| C. | ASEAN |
| D. | CBDT |
| Answer» A. SAARC | |
| 219. |
'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. | |
| 220. |
Out of the following, one is not related with WTO |
| A. | TRIPS |
| B. | Ministerial Conference |
| C. | TRIMS |
| D. | TRAI |
| Answer» D. TRAI | |
| 221. |
What is Euro-lll? |
| A. | European Currency |
| B. | Group of European Countries |
| C. | European Film Festival |
| D. | Pollution central Scale |
| Answer» A. European Currency | |
| 222. |
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 | |
| 223. |
The 21st member to join the G-20 is |
| A. | Sri Lanka |
| B. | Uzbekistan |
| C. | Myanmar |
| D. | Urugway |
| Answer» C. Myanmar | |
| 224. |
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 | |
| 225. |
In independent India, the first major foreign exchange crisis occurred in the year __ . |
| A. | 1955 |
| B. | 1956 |
| C. | 1969 |
| D. | 1991 |
| Answer» C. 1969 | |
| 226. |
Geographical indication specifies: |
| A. | Place of origin of goods only |
| B. | Special characteristics of product associated with place of origin. |
| C. | Both (a) and (b) |
| D. | none |
| Answer» A. Place of origin of goods only | |
| 227. |
Strategic alliance cannot be between: |
| A. | Manufacturer and supplier |
| B. | Competitors |
| C. | Non- competitors |
| D. | None of the above |
| Answer» C. Non- competitors | |
| 228. |
The mode of entry into international business with least risk to the firm is |
| A. | Export house |
| B. | Trading house |
| C. | A manufacturing exporter |
| D. | Merchant exporter. |
| Answer» D. Merchant exporter. | |
| 229. |
A global company can----------- its experience to expand its global operations |
| A. | Contract |
| B. | Expand |
| C. | Minimize |
| D. | Leverage |
| Answer» A. Contract | |
| 230. |
Governmental regulations can affect the viability & ----------- of a company using the internet as a foreign market entry mode. |
| A. | Effectiveness |
| B. | Association |
| C. | Performance |
| D. | None of the above |
| Answer» C. Performance | |
| 231. |
______ typically offer more flexibility in international markets. |
| A. | SMEs |
| B. | LSEs |
| C. | MNEs |
| D. | None of the above |
| Answer» D. None of the above | |
| 232. |
Which of the following is not a driver of globalization? |
| A. | The fragmentation of consumer tastes between countries. |
| B. | The competitive process. |
| C. | Multinational companies successfully persuading governments to lower trading barriers. |
| D. | The need to gain economies of scale. |
| Answer» C. Multinational companies successfully persuading governments to lower trading barriers. | |
| 233. |
Globalization is beneficial for firms because: |
| A. | It protects them against foreign competition. |
| B. | It cushions them from the effects of events in other countries. |
| C. | It opens up new market opportunities. |
| D. | It increases the risk and uncertainty of operating in a globalizing world economy. |
| Answer» B. It cushions them from the effects of events in other countries. | |
| 234. |
The internet facilitates globalization by: |
| A. | Making it more difficult to contact potential customers abroad. |
| B. | Cutting the cost for firms of communicating across borders. |
| C. | Making it harder to send money from one country to another. |
| D. | Making it easier for governments to censor the information received by their citizens from abroad. |
| Answer» A. Making it more difficult to contact potential customers abroad. | |
| 235. |
Globalization can create problems for business because: |
| A. | It can result in more competition. |
| B. | It increases vulnerability to political risk and uncertainty when operating abroad. |
| C. | It means that they can increase prices. |
| D. | All of the options given are correct. |
| Answer» B. It increases vulnerability to political risk and uncertainty when operating abroad. | |
| 236. |
How does international law facilitate international trade and investment? |
| A. | It makes it easier to resolve contract disputes for firms involved in international trade and investment. |
| B. | It allows business to choose the most favorable national legal system to institute proceedings. |
| C. | The terms used in international conventions are open to differing interpretations. |
| D. | The Uniform Commercial Code favors big US multinationals. |
| Answer» C. The terms used in international conventions are open to differing interpretations. | |
| 237. |
Laws relating to The Single Market Program allow EU-based companies to: |
| A. | Move goods and services from any member state to another. |
| B. | Transfer managers to any member state. |
| C. | Invest anywhere in the EU. |
| D. | All of the options given. |
| Answer» A. Move goods and services from any member state to another. | |
| 238. |
Competition Law in the EU means that firms: |
| A. | Are free to set up international cartels. |
| B. | May be refused permission to take over a US competitor. |
| C. | Can not be made to repay government financial assistance. |
| D. | Can cross-subsidise loss-making services from profitable activities. |
| Answer» C. Can not be made to repay government financial assistance. | |
| 239. |
The existence of different currencies is beneficial to private financial institutions because: |
| A. | Each country has its own currency. |
| B. | The exchange rate of each currency is fixed by the International Monetary Fund. |
| C. | A collapse in the exchange rate of a currency can cause economic disruption. |
| D. | Profits can be made from arbitrage. |
| Answer» A. Each country has its own currency. | |
| 240. |
The International Monetary Fund is important because: |
| A. | It has sufficient financial resources to deal with a major global financial crisis. |
| B. | It has sufficient financial resources to help individual countries facing balance of payments problems. |
| C. | Emerging economies can exercise significant influence on it. |
| D. | It fixes exchange rates. |
| Answer» A. It has sufficient financial resources to deal with a major global financial crisis. | |
| 241. |
What functions do financial institutions traditionally perform? |
| A. | They immobilise savings. |
| B. | They concentrate risk. |
| C. | They spread risk. |
| D. | They offer only short-term finance. |
| Answer» A. They immobilise savings. | |
| 242. |
Ethnocentric views concentrate on their |
| A. | home country |
| B. | host country |
| C. | world orientation |
| D. | Raci al orientation |
| Answer» A. home country | |
| 243. |
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 | |
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