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Worksheets

PMB1

Total questions: 60

Worksheet time: 46mins

Name
Class
Date
1.

Which Key driver of globalization is expressed in the following: Many multinational companies, use English as their official working language. 

a)

Universalization

b)

Liberalization

c)

Internatioalization

2.

Which driver of globalization (that is external to the organization) is expressed in the following: Apple, a U.S.-based company, has invested heavily in manufacturing facilities and partnerships in China.

a)

Rational Knowledge

b)

FDI

c)

changing markets

d)

technological innovations

3.

Zappos, an online shoe and clothing retailer, uses the skills of a specialized firm within the U.S. as well, for customer service.

This is:

a)

Outsourcing offshore

b)

Offshoring

c)

Outsourcing

4.

Which of the following is not an assumed issue with offshoring/outsourcing offshore to the home country and its firms

a)

Unemployment

b)

Wage reduction

c)

Lower quality products and services

d)

smaller firms may be forced to close

5.

Walmart influences suppliers by setting strict pricing, delivery, and product standards. in order to maintain their contracts, suppliers must comply.

This is an example of:

a)

Producer driven chain

b)

Buyer-driven chain

6.

Toyota collaborates closely with its suppliers through long-term partnerships, sharing resources and information to improve quality and efficiency. This cooperation includes joint product development and a commitment to mutual success.

This is an example of...

a)

Captive chain

b)

Modular chain

c)

Relational chain

7.

Is a company that uses outsourcing offshore for only one function considered a multinational company?

a)

Yes

b)

No

8.

Nestle operates in various counties with a focus on local responsiveness. The company tailors its products, marketing strategies, and operations to meet the specific tastes and preferences of each market.

Nestle is a...

a)

Multi-domestic MNE

b)

Transnational MNE

c)

International MNE

9.

Subway allows local entrepreneurs to open and operate their own subways. this is an example of

a)

Exporting

b)

wholly-owned subsidiaries

c)

Licensing

d)

Franchising

10.

Coca-Cola uses its strong brand and distribution network to maximize profits in international markets. this is a form of

a)

Asset augmenting

b)

Asset exploiting

11.

Government policies such as trade regulations, tax incentives, and labor laws are a part of

a)

Local environment

b)

National environment

c)

Global environment

d)

all answers are correct

12.

analyzing demographic trends, such as the aging population or increasing urbanization is a function of.... inside the PESTEL analysis

a)

Political

b)

Economic

c)

Social

d)

Technological

e)

Ethical

13.

The (............) of the U.S. was approx 25 trillion dollars, this figure refelcts the total income earned by residents and business of the U.S. from both domestic and foreign sources

a)

GDP per capita

b)

GDP

c)

non of the above

d)

GNP

e)

GNI

14.

one of the reasons for the economic growth of Russia, is that workers worked longer hours, and were paid small wages.

a)

False

b)

True

15.

one of the reasons for Japan's economic growth is that it protected its home markets.

a)

False

b)

True

16.

The BRICS nations face challenges in developing a unified collective vision for their future cooperation (world politics, climate change). which limits their economic potential

a)

False

b)

True

17.
  • Which of the following is NOT a reason for China's economic growth

a)
  • WTO membership

b)
  • Privatization and growth of the stock market

c)
  • Human capital development. Increased access to education at all levels

d)

Close links and good relations with the supply chain creating a networked economy

18.

​ Which of the following are characteristics of the Anglo-Saxon market​ ​ (a)   ​ ​ (b)   ​ (c)   ​ ​

​ (d)  

Choose from the below words
Competitive markets, little state intervention
Importance of individualism & private property
Shareholders the most important stakeholders
Well-funded social welfare system
Large corporations collaborating with the state
Firm and associates viewed as a family
Long-term strategies
Managers rewarded for maintaining profits
Mix of private and state ownership
Stable share market with takeovers limited
19.

When the government provides subsidies or tax incentives for renewable energy installations, such as solar panels or wind turbines it intervenes businesses as a

a)

Demand management

b)

Consumer

c)

Employer

d)

Collective provision

20.

Goals are

a)

Overall future intention

b)

Statement of key values

c)

Generalized statements of intent

d)

Intentions measurable within a time frame

21.

an example of a SMART objective is when a company wants to increase website traffic over the next six months through targeted marketing campaigns

a)

False

b)

True

22.

An example of a SMART objective is when a company wants to increase email newsletter subscriptions by 25% by implementing a referral program

a)

False

b)

True

23.

An example of a SMART objective is when a business wants to help 100 employees complete a wellness program within 6 months to improve overall health and productivity.

a)

False

b)

True

24.

which of the above is a structural choice when deciding on the type of structure for a business

a)

Reward systems

b)

Grouping of tasks

c)

Degree of specialization

d)

Nature of the hierarchy

e)

all are correct

25.

(fill in the blank)structure divides the company based on specialized roles (e.g., marketing, finance). It has clear specialization but can lead to isolation, focusing only on their own tasks, without collaborating with others – may hinder overall coordination and innovation

a)

Functional

b)

Multidivisional

c)

Matrix

d)

Project

26.

a company that not only uses the elements of functional structure but also creates small structures that focus on specific goals and projects is using a ..... structure

a)

none

b)

Matrix

c)

Project

d)

Multidivisional

27.

Matrix structure has its issues, as it has one main problem, which is the risk of duplicating resources instead of sharing and saving money.

a)

False

b)

True

28.

a company that values individuals and interactions over processes and tools, working software over comprehensive documentation, and customer collaboration over contract negotiation is following a set of principles called Agile Manifesto

a)

False

b)

True

29.

the ability of a firm to adjust the number of employees based on demand. This could involve hiring temporary workers, freelancers, or part-time during peak periods, or laying off employees when demand is low. is called...

a)

Numerical flexiblity

b)

Functional flexibility

c)

Financial flexiblity

d)

Temporal flexibility

30.

Flexibility in the working hours or patterns, such as the use of flexible working hours, part-time work, job sharing, or shift work to meet the needs of both the firm and the employees. is called

a)

Financial flexiblity

b)

Temporal flexibility

c)

Functional flexilibty

d)

Geographical flexibility

31.

the ability of the organization to encourage innovative and creative thinking among its employees, allowing for adaptability in problem-solving and strategic thinking is called

a)

Functional flexibility

b)

Temporal flexibility

c)

Cognitive flexibility

d)

Geographic flexibility

32.

Which of the following is a characteristic of a Limited company?​ (a)   ​ ​ (b)   ​ ​ (c)  

Choose from the below words
Limited liability to the amount invested
shares not available for public sale
strict legal control
unlimited personal liability
Shares typically available for sale
minimum legal control
33.

Large corporate owners (the shareholders) fear that the professional managers will only act for their own self-interest, what can be done to minimize this risk? (there are two correct answers or none)

a)
  • Incentives paid to manager

b)

non of the above

c)

take away managers shares

d)
  • Boards of dominant shareholders are elected

e)

Avoid hiring agents in the first place (professional managers)

34.
  •  Managers are more involved with the firm, its employees and its community than typical shareholders

a)

False

b)

True

35.

which the following is a key characteristic of public sector corporations?

a)

Operate primarily for profit maximazation

b)

Funded primarily through private investments and shareholder equity

c)

Aim to provide services to the public sector rather than generating profit

d)

Managed by private individuals without government oversight

36.
  • Limited management autonomy and motivation, and financial constraints are both issues with the public sector

a)

False

b)

True

37.

Which of the following is commonly cited as an advantage of privatization of public sector sevices?

a)

Greater efficiency and innovation through competition

b)

Increased government control over operations

c)

Enhanced accountability to public stakeholders

d)

Lower service costs due to reduced competition

e)

answers 1,2 are correct

38.

How does the size of a business typically impact its operations and strategy?

a)

Smaller businesses are usually better at utilizing advanced technologies than larger ones

b)

Large businesses generally require fewer resources to achieve economics of scale compared to small ones

c)

Size has no significant effect on a business's ability to innovate or adapt

d)

Larger businesses tend to have more rigid structures and less flexibility in decision making.

e)

none of the above is correct

39.

Which of the following is a characteristic commonly associated with small firms?

a)

Access to extensive capital resources

b)

greater agility and ability to respond quickly to market changes

c)

large bureaucratic structures and formal processes

d)

focus on global markets rather than local or niche markets

40.

A start-up, high tech, company is usually considered a

a)

growth firm

b)

life style firm

c)

MNE

d)

None of the above

41.

one of the contributions of a smaller firm on the economy forcing change through flexibility and innovation

a)

False

b)

True

42.

Google is known for its innovative and open culture, which emphasizes creativity, collaboration, and employee well-being. this is

a)

Organizational culture

b)

Corporation culture

43.

Apple is renowned for its design-driven and performance-oriented culture, which emphasizes innovation, secrecy, and focus on user experience. This is

a)

Organizational culture

b)

Corporation culture

44.

Netflix is recognized for its high-performance and freedom-focused culture, which emphasizes accountability, innovation, and commitment to results. This is

a)

Organizational culture

b)

Corporate culture

45.

Strong culture in the corporate enables managers to coordinate and control through moral involvement

a)

False

b)

True

46.

One of the reasons for the emergence of professional managers is the creation of the joint stock company - separation of ownership and control

a)

False

b)

True

47.

A sales manager who offers a bonus to team members who exceed their sales targets demonstrates...

a)

Reward power

b)

Charisma power

c)

Political power

d)

Position power

48.

This employee supervises junior staff, coordinates tasks, conducts performance reviews, and serves as a liaison between the team and upper management. Is he a manager?

a)

No

b)

Yes

49.

proposed that there is no one-size-fits-all approach to management because a manager’s job is shaped by several variables. s/he developed the “Demands, constraints, and choices” framework, which emphasizes that managers must balance various pressures in their roles

a)

Rosemary Stewart 1967

b)

Henry Mintzberg 1973 

c)

Fred Luthans 1988

d)

Tony Watson 1994

50.

focused on the social and cultural aspects of management, emphasizing the importance of understanding organizations as social systems. S/he believed that managers are influenced by the culture and social dynamics of their organizations and that management in more about navigating these relationships than just carrying social rules.

a)

Rosemary Stewart 1967

b)

Henry Mintzberg 1973 

c)

Fred Luthans 1988

d)

Tony Watson 1994

51.

differentiated between effective managers (those who get the job done well) and successful managers (those who climb the corporate ladder quickly). His/ Her study found that managers often engage in different activities depending on their goals

a)

Rosemary Stewart 1967

b)

Henry Mintzberg 1973

c)

Fred Luthans 1988

d)

Tony Watson 1994

52.

In Henry Mintzberg's model, representing the organization symbolically, e.g., attending a company event is a function of a manager as a

a)

Leader

b)

Liaison

c)

Figurehead

d)

All of the above

53.

In Henry Mintzberg's model, sharing relevant information with the team, e.g., briefing employees on new policies, is a function of a manager as a

a)

Monitor

b)

Disseminator

c)

Spokesperson

d)

All of the above

54.

In Henry Mintzberg's model, dealing with crises or conflicts. E.g., resolving a dispute between staff, is a function of a manager as a

a)

Disturbance handler

b)

Entrepreneur

c)

Resource allocator

d)

none of the above

e)

Negotiator

55.

what type of strategy is the following: A company like Amazon expanding from e-commerce into cloud computing and entertainment

a)

Corporate strategy

b)

Business strategy

c)

Functional strategy

d)

none of the above

56.

what type of strategy is the following: Apple’s strategy for its smartphone division includes differentiating through premium design and innovation in its iPhone products

a)

Corporate strategy

b)

Business strategy

c)

Functional strategy

d)

None of the above

57.

In SWOT analysis Information is usually incomplete

a)

False

b)

True

58.

Strategy assists and can be used in organizational and cultural change

a)

False

b)

True

59.

The luxury fashion market has low barriers to entry

a)

True

b)

False

60.

Characteristics of when buyers have higher bargaining power​ ​ (a)   ​ ​ (b)  

Choose from the below words
Highest where there are many potential suppliers
high if there would be no cost in switching
Highest when the supplier is very specialized
highest when there are a few suppliers