Midterm Exam International Management - Test 1

What is international management concerned with?

• Ownership and management of assets and operations within one's host country

• Ownership and management of assets and operations beyond the borders of one's home country

• Ownership and management of assets and operations within one's domestic country

• Ownership and management of assets and operations within one's home country

What does international management involve?

• Planning, organizing, leadership and controlling in only one country

• Planning, organizing, leadership and controlling in more than one country

• Planning, organizing, leadership and controlling in the same country

• Planning, organizing, leadership and controlling in different industries

What is the responsibility of a manager or worker working in a foreign country?

• Responsible for knowledge transfer throughout international spectrum of organization

• Either from home or from the host country

• Sent from abroad to home country

• Sent from home country to abroad

What does the term 'daughter companies' refer to in international management?

• The country in which the parent company's subsidiaries are located

• The country in which the parent company's headquarters is located

• The country in which entrepreneurial subject implements own business activities by daughter companies

• The country in which the parent company's headquarters is not located

What is the role of a manager or worker from the third country in international management?

• Sent from home country to abroad

• Sent from abroad to home country

• Either from home or from the host country

• Either from home or from the host country

What does international management help firms to achieve?

• Remain domestic in scope

• Remain local in scope

• Become and remain regional in scope

• Become and remain international in scope

What is the main characteristic of the beginning of the 21st century in terms of international business?

• Adaptation of many companies for entrepreneurship on host markets only

• Adaptation of many companies for entrepreneurship on domestic and host markets

• Adaptation of many companies for entrepreneurship on domestic markets only

• Adaptation of many companies for entrepreneurship on international markets only

What does international management affect on a daily basis?

• Only affects individuals

• Only affects organizations

• Does not affect anyone on a daily basis

• Affects individuals and organizations on a daily basis

What do individuals and organizations need to understand in international management?

• Only a global business environment

• Only a local business environment

• Neither a global nor a local business environment

• Both a global and a local business environment

What do individuals and organizations need to manage and market across in international management?

• Cultures and legal boundaries

• Cultures and national boundaries

• Cultures and regional boundaries

• Cultures and language barriers