WorksheetsMGT 360 - Exam 2 Review - SP25
Total questions: 26
Worksheet time: 13mins
Name
Class
Date
1.
In the context of value chain analysis, which of the following is a support function?
a)
Research and development
b)
Distribution
c)
Customer service
d)
Human resources
2.
_____ consists of adjusting an approach to meet the differentiated needs of local markets, of local customers, and of local stakeholders as well as those of suppliers and distributors
a)
Local integration
b)
Local computation
c)
Local responsiveness
d)
Local awareness
3.
When operations such as research and development, manufacturing, sales, and service are aligned across the countries in which a firm operates, the different parts of the corporation use the same methods This is referred to as _____
a)
screened assessment
b)
process regrouping
c)
service customization
d)
global integration
4.
When a company follows a multidomestic strategy, _____
a)
integration occurs through the different subsidiaries coordinating and exchanging information to make more informed decisions
b)
it can exploit location economies
c)
it can pursue a cost-leadership strategy at the global level
d)
the human resource practices can be adapted to local employment customs
5.
When a company follows a global/meganational strategy, _____
a)
integration occurs through the different subsidiaries coordinating and exchanging information to make more informed decisions
b)
it can pursue a differentiation strategy at the global level
c)
it can pursue a cost-leadership strategy at the global level
d)
the human resource practices can be adapted to local employment customs
6.
A(n) _____ strategy is most likely to be used when a product is regarded as a generic good and therefore does not have to be sold based on name brand or support service.
a)
economic imperative
b)
political imperative
c)
quality imperative
d)
administrative coordination
7.
The approach to strategic formulation and implementation utilizing strategies of total quality management to meet or exceed customers' expectations and continuously improve products and/or services is referred to as the:
a)
value-added imperative.
b)
quality imperative.
c)
political imperative.
d)
economic imperative.
8.
Which of the following is not one of the steps in strategic planning?
a)
Transferring the successful process used in a developed country to an emerging economy
b)
Scanning the external environment for opportunities and threats
c)
Conducting an internal resource analysis of company strengths and weaknesses
d)
Formulating goals in light of the external scanning and internal analysis
9.
Differentiation leads to higher profits by
a)
Charging a higher price than competitors.
b)
Offering the customer better value.
c)
Offering a product with more features and quality.
d)
All of the above
10.
A low cost strategy leads to higher profits by
a)
Charging a higher price than competitors.
b)
Offering the customer products with more features.
c)
The cost savings that firms achieve.
d)
Adding unique features to products.
11.
Capabilities that lead to competitive advantage must be
a)
Valuable, rare, and easy to copy.
b)
Fairly substitutable.
c)
Valuable, rare, and hard to copy.
d)
None of the above
12.
BMW and Mercedes view their Japanese rivals moves into the upscale car market as a/an
a)
Strength.
b)
Weakness.
c)
Opportunity.
d)
Threat.
13.
Which is NOT a determinant of national competitive advantage according to Porter's Diamond?
a)
Demand Conditions
b)
Firm Strategy, Structure, & Rivalry
c)
Monetary Policy
d)
Related and Supporting Industries
14.
In the context of the modes of entering a foreign market, which of the following statements is true of equity modes?
a)
They include the entry modes of exporting
b)
They require small investments.
c)
They prevent firms from getting close to customers.
d)
They include joint ventures.
15.
In the context of entering into foreign markets, which of the following statements is true of licensing?
a)
Licensing prevents companies from entering geographic or product markets that are outside their own strategic goals
b)
A licensor becomes one step closer to customers and can obtain direct feedback from them.
c)
With an increase in the number of licensees, companies can easily prevent their brand from being misused.
d)
Licensing agreements provide only limited control over the way in which a licensed brand is used
16.
An important feature of wholly owned subsidiaries is that:
a)
they face a low risk with large investments in one area.
b)
they are very efficient with entering multiple countries or markets.
c)
they offer higher profits, clearer communications, and shared visions to a multinational company (MNC).
d)
they involve reduced risk and involvement for a multinational company (MNC).
17.
Which of the following statements is true about licensing?
a)
In a typical arrangement, the licensor will allow the licensee to use a patent, a trademark, or proprietary information in exchange for a fee.
b)
Companies that spend a relatively large share of their revenues on research and development (R&D) are likely to be licensees.
c)
Licenses are uncommon among large firms seeking to acquire technology to bolster an existing product.
d)
A license is a very high-cost way of gaining and exploiting foreign markets.
18.
International franchising
a)
Is a comprehensive licensing agreement where the franchisor grants to the franchisee the use of a whole business operation.
b)
When multinationals make a project fully operational and train local managers and workers before the owner takes control.
c)
The use of intermediaries or go-between firms to provide the knowledge and contacts necessary to sell overseas is.
d)
None of the above
19.
Companies should license if
a)
They want to control all aspects of operation.
b)
Their product is older or a soon-to-be replaced technology.
c)
They have the necessary resources to export or invest directly.
d)
There are no tariffs or quotas.
20.
Inpatriates are
a)
Employees who come from a different country where he/she is working.
b)
Expatriate workers who come from neither the host nor the home country.
c)
Local workers who come from the host country where the unit is located.
d)
Employees from foreign country who work in the country where the parent company is located.
21.
What term refers to people working and residing in countries other than their native country?
a)
host country national
b)
expatriate
c)
nonpatriot
d)
green card resident
22.
In ________approach, operations outside the home country are managed by individuals from the host country.
a)
vertical integration
b)
horizontal integration
c)
ethnocentric staffing
d)
polycentric staffing
23.
Relocation expense is an example of ________.
a)
a salary
b)
a tax
c)
an allowance
d)
a benefit
24.
Differences in HRM policies and practices among countries stem from
a)
Education and training of the labor force.
b)
Laws and cultural expectations for selection practices.
c)
Laws and traditions regarding labor practices.
d)
All of the above
25.
Selection in collectivist cultures
a)
Favors performance-related backgrounds and qualifications.
b)
Is similar to US selection practices.
c)
Gives preference to the in-group members.
d)
Gives preference to individuals with technical skills.
26.
Which recruitment strategy do US managers see as most effective?
a)
Newspaper and online advertising
b)
College or university recruiting
c)
Employee referrals
d)
Personal contacts
100 %
