Question 1

A company with a ______ orientation adopts a global systems approach to strategic decision making,thereby emphasizing global integration.

Accepted Answer

A)  Ethnocentric
B)  Polycentric
C)  Regiocentric
D)  GeocentricE) B) and C)
F) A) and C)

Question 2

In which of these orientations are we likely to see hierarchical product divisions?

Accepted Answer

A)  Polycentric
B)  Ethnocentric
C)  Geocentric
D)  RegioentricE) C) and D)
F) B) and C) B

Question 3

The demands placed on the global firm by the foreign environments in which it operates,principally by foreign governments is called

Accepted Answer

A)  Globalization
B)  Localization
C)  Formalization
D)  Stakeholder activismE) A) and B)
F) B) and C)

Question 4

Factors that increase the degree to which an industry is multidomestic include:

Accepted Answer

A)  A need for standardized products
B)  Fragmented industry with few competitors
C)  Distribution channels unique to each country
D)  The existence of economics of scaleE) A) and B)
F) A) and D)

Question 5

Risks of foreign subsidiaries include

Accepted Answer

A)  The home country's expectations of long-term commitment
B)  The home country's expectations that a number of foreign nationals be employed
C)  Changing standards mandated by foreign regulations
D)  A commitment to profitsE) A) and D)
F) None of the above

Question 6

Which of these represent the second level in the evolution of a global corporation?

Accepted Answer

A)  Foreign licensing
B)  Direct investment
C)  Export-import
D)  BarteringE) A) and D)
F) All of the above

Question 7

Internal assessment involves identification of the basic ______ of a firm's operations.

Accepted Answer

A)  Opportunities
B)  Strengths
C)  Threats
D)  CompetitorsE) A) and B)
F) None of the above

Question 8

A special form of licensing is

Accepted Answer

A)  Green-field investment
B)  Exporting
C)  Joint venture
D)  FranchisingE) A) and B)
F) B) and D)

Question 9

Diversity in a firm's product line refers to

Accepted Answer

A)  The length of a firm's business lines
B)  The breadth of the firm's business lines
C)  The number of critical success factors
D)  The quality of the productE) A) and B)
F) None of the above

Question 10

Top-down governance structure is evident in which orientation of a global firm?

Accepted Answer

A)  Ethnocentric
B)  Regiocentric
C)  Geocentric
D)  PolycentricE) None of the above
F) A) and C) A

Question 11

The 100 largest U.S.global earn an average of ___ percent of their operating profits abroad.

Accepted Answer

A)  12
B)  69
C)  54
D)  37E) B) and C)
F) C) and D)

Question 12

The complexity of a strategy refers to:

Accepted Answer

A)  The breadth of a firm's business lines
B)  A continuum of possible strategic choices
C)  The diversity of the products
D)  The number of critical success factors requiredE) B) and D)
F) A) and C)

Question 13

Factors that drive the success of global companies include

Accepted Answer

A)  Regional management teams
B)  Regional marketing
C)  Multidomestic strategy
D)  Global financingE) A) and C)
F) B) and C)

Question 14

In the past 30 years,the U.S.has ______ in terms of technological advantage.

Accepted Answer

A)  Substantially enhanced
B)  Maintained a status quo
C)  Declined dramatically
D)  Reaches the number one spot in the worldE) All of the above
F) B) and C)

Question 15

______ is the development of modified products and services,and the use of somewhat tailor-made messages,to meet the demands of a local population

Accepted Answer

A)  Globalization
B)  Horizontal integration
C)  Customization
D)  StandardizationE) A) and B)
F) A) and C)

Question 16

A ______ is one in which competition crosses national borders.

Accepted Answer

A)  Stakeholder activism
B)  Multidomestic industry
C)  Polycentric environment
D)  Global industryE) A) and B)
F) C) and D)

Question 17

______ countries maintain their stability by restricting the flow of money,goods,services,people,and information across their borders.

Accepted Answer

A)  Open
B)  Closed
C)  Most
D)  FewE) B) and C)
F) C) and D)

Question 18

______ refers to the strategy of pursuing opportunities anywhere in the world that enable a firm to optimize its business functions in the countries in which it operates.

Accepted Answer

A)  Vertical integration
B)  Horizontal integration
C)  Globalization
D)  FranchisingE) None of the above
F) A) and B) C

Question 19

Which of the following is NOT a competitive strategy for firms in foreign markets?

Accepted Answer

A)  Licensing
B)  Vertical integration
C)  Franchising
D)  Joint ventureE) B) and D)
F) All of the above

Question 20

In which of these orientations is governance top-down?

Accepted Answer

A)  Polycentric
B)  Ethnocentric
C)  Geocentric
D)  RegioentricE) A) and B)
F) A) and C)

Exam 5: The Global Environment

A company with a ______ orientation adopts a global systems approach to strategic decision making,thereby emphasizing global integration.

Correct AnswerverifiedShow Answer

In which of these orientations are we likely to see hierarchical product divisions?

Correct AnswerverifiedB

The demands placed on the global firm by the foreign environments in which it operates,principally by foreign governments is called

Correct AnswerverifiedShow Answer

Factors that increase the degree to which an industry is multidomestic include:

Correct AnswerverifiedShow Answer

Risks of foreign subsidiaries include

Correct AnswerverifiedShow Answer

Which of these represent the second level in the evolution of a global corporation?

Correct AnswerverifiedShow Answer

Internal assessment involves identification of the basic ______ of a firm's operations.

Correct AnswerverifiedShow Answer

A special form of licensing is

Correct AnswerverifiedShow Answer

Diversity in a firm's product line refers to

Correct AnswerverifiedShow Answer

Top-down governance structure is evident in which orientation of a global firm?

Correct AnswerverifiedA

The 100 largest U.S.global earn an average of ___ percent of their operating profits abroad.

Correct AnswerverifiedShow Answer

The complexity of a strategy refers to:

Correct AnswerverifiedShow Answer

Factors that drive the success of global companies include

Correct AnswerverifiedShow Answer

In the past 30 years,the U.S.has ______ in terms of technological advantage.

Correct AnswerverifiedShow Answer

______ is the development of modified products and services,and the use of somewhat tailor-made messages,to meet the demands of a local population

Correct AnswerverifiedShow Answer

A ______ is one in which competition crosses national borders.

Correct AnswerverifiedShow Answer

______ countries maintain their stability by restricting the flow of money,goods,services,people,and information across their borders.

Correct AnswerverifiedShow Answer

______ refers to the strategy of pursuing opportunities anywhere in the world that enable a firm to optimize its business functions in the countries in which it operates.

Correct AnswerverifiedC

Which of the following is NOT a competitive strategy for firms in foreign markets?

Correct AnswerverifiedShow Answer

In which of these orientations is governance top-down?

Correct AnswerverifiedShow Answer

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B

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A

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C

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