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Chapters 1 Through 15
Chapter 1 Multinational Management in a Changing World
MULTIPLE CHOICE
1. Businesses of all sizes are increasingly
looking for global opportunities because
|
a.
|
Trade barriers are
falling.
|
|
b.
|
Money is flowing
more freely across countries.
|
|
c.
|
The world is
becoming one interconnected economy.
|
|
d.
|
All of the above.
|
AACSB Analytic,
Strategy
PTS: 1
2. Globalization is
|
a.
|
The trend of
businesses expanding beyond their domestic boundaries.
|
|
b.
|
Increasing average
temperature over the globe.
|
|
c.
|
The increased use
of global satellite communication systems.
|
|
d.
|
A strategy of
developing unique products for each nation in the world.
|
AACSB Reflective thinking,
Environmental influence
PTS: 1
3. Which of the following would not be
considered a basic source of globalization?
|
a.
|
Similar customer
needs
|
|
b.
|
Falling of trade
barriers
|
|
c.
|
Advances in
communication technology
|
|
d.
|
Differentiation
among countries
|
AACSB Reflective
Thinking, Environmental influence
PTS: 1
4. Multinational management is
|
a.
|
A strategy of
developing similar strategies for different countries.
|
|
b.
|
The trend of
business expanding beyond local boundaries.
|
|
c.
|
The formulation and
design of management systems to successfully take advantage of international
opportunities and respond to international threats.
|
|
d.
|
None of the above
|
AACSB Reflective
thinking, Strategy
PTS: 1
5. According to the text, the multinational
company
|
a.
|
Is required to be a
public corporation.
|
|
b.
|
Is any company that
engages in any business function across borders.
|
|
c.
|
Must sell overseas
to be a true multinational.
|
|
d.
|
Must be large.
|
AACSB Reflective
thinking, Strategy
PTS: 1
6. Which of the following is not a
classification of economic systems noted in the text?
|
a.
|
Domestic economies
|
|
b.
|
Transition
economies
|
|
c.
|
LDCs
|
|
d.
|
Emerging markets
|
AACSB Reflective
thinking, Environmental influence
PTS: 1
7. Transition economies are
|
a.
|
Mature economies
with substantial per capita GDP and international trade.
|
|
b.
|
Led by Hong Kong,
Singapore, South Korea, and Taiwan.
|
|
c.
|
Countries changing
from government-controlled or
communistic economies to a more free market capitalism.
|
|
d.
|
None of the above
|
AACSB Reflective
thinking, Environmental influence
PTS: 1
8. Emerging markets include
|
a.
|
OECD countries.
|
|
b.
|
Brazil, China,
Russia, India.
|
|
c.
|
Korea, Japan and
USA.
|
|
d.
|
Hungary, Poland,
Slovakia.
|
AACSB Reflective
thinking, Environmental influence
PTS: 1
9. Developing economies are
|
a.
|
Mature economies
with substantial per capita GDP and international trade.
|
|
b.
|
Hong Kong,
Singapore, and Taiwan.
|
|
c.
|
Countries in the
process of changing their economies from government-controlled to a more free
market capitalism.
|
|
d.
|
None of the above
|
AACSB Reflective
thinking, Environmental influence
PTS: 1
10. Emerging markets are defined as those that are:
|
a.
|
Growing rapidly.
|
|
b.
|
Transitioning from
a communist-controlled economy to capitalism.
|
|
c.
|
Seen to have impact
only sporadically.
|
|
d.
|
Enjoying a mature
economy.
|
AACSB Reflective
thinking, Environmental influence
PTS: 1
11. Major regional trade agreements include all of the following
EXCEPT
|
a.
|
EU.
|
|
b.
|
NAFTA.
|
|
c.
|
APEC.
|
|
d.
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PROTEC.
|
AACSB Reflective
thinking, Legal responsibilities
PTS: 1
12. The economic agreement that links the US, Canada, and Mexico in an
economic bloc that allows freer exchange of goods and services is known as the
|
a.
|
EU.
|
|
b.
|
OPEC.
|
|
c.
|
APEC.
|
|
d.
|
None of the above
|
AACSB Reflective
thinking, Legal responsibilities
PTS: 1
13. The World Trade Organization:
|
a.
|
Is a major trading
company.
|
|
b.
|
Succeeded the GATT
agreements.
|
|
c.
|
Collects duties for
member countries.
|
|
d.
|
Is a consulting
group for companies who wish to engage in international trade.
|
AACSB Reflective
thinking, Legal responsibilities
PTS: 1
14. Examples of developed economies would include:
|
a.
|
The U.S. and Japan.
|
|
b.
|
Hungary and Poland.
|
|
c.
|
Argentina and
Brazil.
|
|
d.
|
Hong Kong and
Singapore.
|
AACSB Reflective
thinking, Creation of value
PTS: 1
15. According to your text, FDI means
|
a.
|
Foreign development
initiatives.
|
|
b.
|
Various investment
policies of the U.S. government.
|
|
c.
|
A foreign company
has an ownership position in a company in another country.
|
|
d.
|
A type of
international negotiation strategy.
|
AACSB Reflective
thinking, Legal responsibilities
PTS: 1
16. The two forms of risk discussed in the text include
|
a.
|
Exchange rate risk
and corruption risk.
|
|
b.
|
Business risk and
social risk.
|
|
c.
|
Sales risk and
employment risk.
|
|
d.
|
Economic and
political risk.
|
AACSB Reflective
thinking, Environmental influence
PTS: 1
17. Economic risks discussed in the text include
|
a.
|
Anything a government
might do or not do that might adversely affect a company.
|
|
b.
|
The likelihood of
losing money if one invests in stocks.
|
|
c.
|
Exchange and
interest rates.
|
|
d.
|
Expropriating of
foreign firms by the local government without any compensation.
|
AACSB Reflective
thinking, Environmental influence
PTS: 1
18. Anything that a government might do to affect a multinational
adversely is known as
|
a.
|
Exchange rate risk.
|
|
b.
|
Business risk.
|
|
c.
|
Sales risk.
|
|
d.
|
Political risk.
|
AACSB Reflective thinking,
Leadership
PTS: 1
19.. A global product or service is
|
a.
|
Adapted for each
country's unique needs.
|
|
b.
|
A similar product
or service for all customers throughout the world.
|
|
c.
|
A product or
service that requires bilingual customers.
|
|
d.
|
Products developed
for use outside the country.
|
AACSB Reflective
thinking, Creation of value
PTS: 1
20. Which of the following statements about the Internet and
Information Technology is true?
|
a.
|
The Internet is
benefiting companies worldwide.
|
|
b.
|
Electronic
communications does not allow companies to communicate with locations around
the world.
|
|
c.
|
Information
technology is not encouraging a borderless financial market.
|
|
d.
|
Information
technology does not allow the sharing of information around the world.
|
AACSB Technology,
Information technology
PTS: 1
21. The free market reforms in emerging countries are creating a
potential group of
|
a.
|
new competitors.
|
|
b.
|
old competitors.
|
|
c.
|
subsidized firms.
|
|
d.
|
government
companies.
|
AACSB Analytic, Environmental
influence
PTS: 1
22. Which of the following statements is true about privatization?
|
a.
|
Developing nations
have the highest rate of privatization.
|
|
b.
|
The leading
privatizers in the world do not face competition.
|
|
c.
|
Privatization is
the sale of private business to government investors.
|
|
d.
|
Privatization is
absent in transition economies.
|
AACSB Analytic, Legal
responsibilities
PTS: 1
23. Global customers:
|
a.
|
Search for
government-controlled enterprises.
|
|
b.
|
Provide reduced government
trade protection.
|
|
c.
|
Search the world
for their supplies without regard to national boundaries.
|
|
d.
|
Encourage large
firms to sell to them.
|
AACSB Reflective
thinking, Strategy
PTS: 1
24. Global trade has this important effect on developing new
competitors.
|
a.
|
It facilitates the
transfer of technology, allowing former assemblers to become creators.
|
|
b.
|
It facilitates the
transfer of knowledge, allowing former builders to become assemblers.
|
|
c.
|
It reduces
competition.
|
|
d.
|
It reduces rivalry.
|
AACSB Reflective
thinking, Creation of value
PTS: 1
25. Global standards for products
|
a.
|
Are virtually
impossible in technical industries.
|
|
b.
|
Refer to having one
product standard for all countries.
|
|
c.
|
Puts companies at a
strategic disadvantage.
|
|
d.
|
All of the above
|
AACSB Reflective
thinking, Creation of value
PTS: 1
26. According to the experts cited in your text, the next generation
of global managers will need all of the following, EXCEPT:
|
a.
|
Emotional
intelligence
|
|
b.
|
The ability to work
with people from different cultural backgrounds
|
|
c.
|
Poor negotiation
skills
|
|
d.
|
A local mindset
|
AACSB Reflective
thinking, Leadership
PTS: 1
27. A global mindset requires managers to think globally but
|
a.
|
act locally.
|
|
b.
|
have emotional
intelligence.
|
|
c.
|
understand national
cultures.
|
|
d.
|
need accomplished
negotiation skills.
|
AACSB Reflective
thinking, Leadership
PTS: 1
28. The strategic approach to multinational management
|
a.
|
Involves the
development of one strategy for all countries.
|
|
b.
|
Focuses on the
skills and aptitudes that the next generation of global managers will need.
|
|
c.
|
Is concerned with
developing strategies that deal with operating in more than one country and
culture.
|
|
d.
|
None of the above
|
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