EXAM IN ORG AND MANAGEMENT GRADE 12

Which of the following is an example of control in international trade?

• Setting long-term financial goals for a company’s headquarters

• Managing tariffs, quotas, and export/import regulations

• Deciding on an employee training program for global teams

• Developing a long-term vision for international expansion

The primary purpose of a company's international trade policy is to:

• Minimize international competition

• Regulate the flow of goods and services across borders

• Focus on local market expansion

• Establish a monopoly in foreign markets

Which stage of international business involves a company selling products in foreign markets for the first time?

• Licensing

• Exporting

• Foreign direct investment

• Strategic alliances

What is the focus of the international economic environment?

• Understanding and controlling local market behaviors

• The global market conditions, including exchange rates, inflation, and economic growth

• Managing domestic tax policies

• Establishing a company’s position in the global political landscape

Which of the following is a key consideration in the political-legal environment of international business?

• The level of technological advancement in the host country

• The regulatory frameworks and political stability of the country where the business operates

• The availability of natural resources in the foreign market

• The target market’s preference for local products

Why is political risk an important factor in international business?

• It dictates which countries are best for exporting products.

• It affects the stability of the political and economic systems in foreign markets.

• It is primarily concerned with trade tariffs.

• It has no impact on an organization’s operations abroad.

What is the key element of organizing in business management?

• Identifying competitors

• Determining goals for international expansion

• Allocating resources and assigning tasks to achieve organizational goals

• Analyzing market trends

What is the first step in the planning process in management?

• Organizing resources

• Setting objectives

• Implementing the plan

• Evaluating results

What type of planning focuses on short-term goals and daily operations within an organization?

• Strategic planning

• Tactical planning

• Operational planning

• Contingency planning

A business chooses to enter the international market by forming a joint venture with a local company. This represents which stage of international business?

• Licensing

• Exporting

• Foreign direct investment

• Strategic alliances