NU IBU637 Midterm Exam Latest 2021 July

IBU637 Comparative International Management

Midterm Exam

•             Question 1          The process of applying management concepts and techniques in a multinational environment and adapting management practices to different economic, political and cultural environments is:                    Strategic management

                Internationalization

                Globalization

                International management

•             Question 2          The following definitions accurately match their dimension of culture except:                    

                People as members of a group, organization or society share culture

                Culture has structure and is integrated

                Culture is based on the human capacity to change or adapt

                Culture is cumulative, passed down from one generation to another

•             Question 3          The three degrees of communication quantity are:                                         

                Elaborate, exacting and succinct

                Precise, imprecise and elaborate

                Succinct, affective and precise

                Coarse, precise and elaborate

•             Question 4          The study of morality and standards of conduct is referred to as:                                             

                Social responsibility

                Law

                Governance

                Ethics

•             Question 5          To qualify as a multinational corporation, a firm must meet all of the following criteria except:                                   

                Operations in more than one country

                International sales

                A nationality mix of managers and owners

                Sales of at least one million dollars per year

•             Question 6 Globalization:                                            

                Is the growth of interstate trade, spurred on by the progress toward free-market policies

                Is the subcontracting of activities to endogenous organizations that had previously been performed within the firm

                Is the process of social, political, economic, cultural and technological integration among countries around the world

                Is the process of a business crossing national and cultural borders

•             Question 7          The subcontracting or contracting out of activities to endogenous organizations that had previously been performed by the firm is called:                                    

                Homesourcing

                Insourcing

                Offshoring

                Outsourcing

•             Question 8          The World Trade Organization (WTO) meeting in Cancun in September of 2003 was led by:                India and Brazil

                The U.S. and Japan

                The U.K. and France

                EU members

•             Question 9 Which of the following is not a determinant of culture?                                         

                Language

                Political philosophy

                Environmental Structure

                Education

•             Question 10        Companies that pursue this strategy typically sell products for which a large portion of value is added in the upstream activities of the industry’s value chain.                                   

                Quality imperative

                Political imperative

                Economic imperative

                Administrative coordination

•             Question 11        What is corporate governance and how does this differ around the world. Give an example.

•             Question 12        Typically, MNCs utilizing this approach to strategic planning use a country-centered or multi-domestic strategy.                                         

                Quality imperative

                Administrative coordination

                Political imperative

                Economic imperative

•             Question 13        Which of the following is false about the adage, “When in Rome, do as the Romans do?”                                              It is derived from the idea of cultural relativism

                It suggests that businesses and the managers should behave in accordance with the ethical standards they are active in

                It suggests that it is necessary, to some extent, to rely on local teams to execute under local rule

                It is derived from the idea of cultural materialism

•             Question 14  In terms of communication styles, which of the following countries has a high-context society?                Germany

                Scandinavia

                Canada

                Japan

•             Question 15        What is negotiation and the five steps to negotiation?                                  

•             Question 16In terms of communication styles, which of the following countries has a low-context society?

                The United States

                Japan

                Italy

                Arab countries

•             Question 17Which of the following statements is not true with regard to child labor?                                     

                Child labor continues to climb

                Child labor has declined for girls

                The ILO has been involved in developing standards regarding child labor

                UNICEF and the World Bank recognize that family survival sometimes depends on children working

•             Question 18        These individuals are the key to stimulating profit growth within a company.                                       Supervisors

                Middle managers

                First-line managers

                Top managers

•             Question 19 All of the following are accurate descriptions of the main characteristics of culture except:                  Culture is inherited or biologically based; it is not acquired by learning and experience

                People as members of a group, organization or society share culture; it is not specific to a single individual

                Culture is cumulative, passed down from one generation to the next

                Culture is based on the human capacity to symbolize or use one thing to represent another

•             Question 20        The products sold by MNCs pursuing this approach often have a large portion of their value added in the downstream activities of the value chain.                                               

                Political imperative

                Cost imperative

                Quality imperative

                Economic imperative

•             Question 21Ford Motor’s strategic plan in Thailand is based on:                                 

                Offering the right price and product

                Offering the right combination of price and financing to a carefully identified market segment

                Offering the right combination of price and financing to all market segments

                Offering the right financing only

•             Question 22        Antiglobalization activists:                                           

                Contend that even within the developing world, it is protectionist policies, not trade and investment liberalization, that result in environmental and social damage

                Believe globalization will force higher-polluting countries such as China and Russia into an integrated global community that takes responsible measures to protect the environment

                Assert that if corporations are free to locate anywhere in the world, the world’s poorest countries will relax or eliminate environmental standards and social services in order to attract first-world investment and the jobs and wealth that come with it

                Believe that industrialization will create wealth that will enable new industries to employ more modern, environmentally friendly technology

•             Question 23        Discuss what is the Base of the Pyramid theory and what opportunities do companies have regarding it                                        

•             Question 24_____ is acquired knowledge that people use to interpret, experience and generate social behavior.                                               

                Edification

                Culture

                Symbol

                Cognition

•             Question 25        A worldwide strategy based on cost leadership, differentiation and segmentation is referred to as the:                                       

                Economic imperative

                Political imperative

                Quality imperative

                Administrative coordination strategy

•             Question 26

                According to the text, which country has experienced widespread human trafficking in recent years?                     South Africa

                India

                Russia

                China

•             Question 27        Explain the wide variety of tactics used in international negotiation. Give an example.   

•             Question 28        Messages are implicit and often highly coded in:                                              

                Low-context societies

                Moderate-context societies

                High-context societies

                Variable-context societies

•             Question 29        Identify the statement that is false of globalization.                                        

                It can be defined as the process of social, political, economic, cultural and technological integration among countries around the world

                It is the process of a business crossing national and cultural borders

                Evidence of globalization can be seen in increased levels of trade, capital flows and migration

                It has been facilitated by technological advances in transnational communications, transport and travel

•             Question 30        Communication is the process of:                                            

                Transferring meanings from sender to receiver

                Choosing a course of action among alternatives

                Giving teams the resources they need to develop ideas and effectively implement them

                Using reports and other written forms to communicate business operations

•             Question 31        Which of the following views the individual as part of rather than separate from nature?                                             

                Aristotelian virtue ethics

                Utilitarianism

                Kantian philosophical traditions

                Eastern philosophy

•             Question 32        Honda and General Motors have both built plants in Thailand to take advantage of                          Demand and low delivery costs

                Strategic pricing

                New technologies and low wages

                Tax incentives and demand

•             Question 33        The global organization of countries that oversees rules and regulations for international trade and investment, including agriculture, intellectual property, services, competition and subsidies is the:                                          

                WTO

                NAFTA

                WIPO

                ITO

•             Question 34According to the text, the highest cultural priority (or value) in Japan is considered as:                            Cooperation

                Individualism

                Family security

                Belonging

•             Question 35        Which style of communication focuses on precision and the use of the right amount of words to convey the message?                                   

                Coarse

                Succinct

                Elaborate

                Exacting

•             Question 36        _____ is the information that surrounds a communication and helps convey the message.

                Contingency

                Stipulation

                Context

                Circumstance

•             Question 37        The approach to strategic formulation and implementation utilizing strategies of TQM to meet or exceed customers’ expectations and continuously improve products and/or services is referred to as the:           Value-added imperative

                Quality imperative

                Political imperative

                Economic imperative

•             Question 38        In high-context societies, the _____ style of communication is common.                                             <