Archives: Quiz
978-1260565812 Test Bank Chapter 9 Part 2
45) One reason for the establishment of the European Community in 1957 was the A) pressing need to have a common currency that would make trade easier within Europe. B) need for a united Europe to deal with the United […]
978-1260565812 Test Bank Chapter 9 Part 1
Global Business Today, 11e (Hill) Chapter 9 Regional Economic Integration 1) In recent decades there have been fewer trade blocs established to promote regional economic integration. Answer: FALSE Explanation: By regional economic integration we mean agreements among countries in a […]
978-1260565812 Test Bank Chapter 8 Part 3
85) Camille told the management team that investing capital in the Swaziland-based manufacturing plant would not only benefit their company in terms of labor costs but would also promote significant economic development in Swaziland. What type of host-country benefit is […]
978-1260565812 Test Bank Chapter 8 Part 2
48) JumpIn Products is a market leader in playground equipment, which is typically large, bulky, and very heavy. In order to compete, JumpIn Products sells its entire line at very low prices. Although its products can be produced anywhere, it […]
978-1260565812 Test Bank Chapter 8 Part 1
Global Business Today, 11e (Hill) Chapter 8 Foreign Direct Investment 1) When a firm exports its products to a foreign country, foreign direct investment occurs. Answer: FALSE Explanation: Foreign direct investment (FDI) occurs when a firm invests directly in facilities […]
978-1260565812 Test Bank Chapter 7 Part 3
81) Why did telecommunications companies welcome the telecommunication deal brokered by WTO in 1997? A) It enhanced protection of patents, copyrights, and trademarks (intellectual property). B) It helped resolve deadlock situations arising out of the unwillingness to lower trade barriers […]
978-1260565812 Test Bank Chapter 7 Part 2
47) If the U.S. Department of Education put out a contract for 150,000 laptop computers and the contract stated that preference would be given to bids that declared at least 51 percent of the materials by value in the computers […]
978-1260565812 Test Bank Chapter 7 Part 1
Global Business Today, 11e (Hill) Chapter 7 Government Policy and International Trade 1) An ad valorem tariff is levied as a fixed charge for each unit of an imported good. Answer: FALSE Explanation: Specific tariffs are levied as a fixed […]
978-1260565812 Test Bank Chapter 6 Part 4
107) Porter noted a lack of attention to improving manufacturing processes and product design in the United States He pointed to ________ as the reason for this. A) a predominance of company leaders having finance backgrounds B) a lack of […]
978-1260565812 Test Bank Chapter 6 Part 3
85) Software development is an expensive process, but manufacturers are able to spread out the costs of the development over the hundreds of thousands of software packages sold to consumers. What is helping to drive down costs per unit in […]
978-1260565812 Test Bank Chapter 6 Part 2
46) India is the largest exporter of information technology services to the United States In turn, the United States exported $3 billion worth of aircraft to India. What theory is illustrated by this form of trade between India and the […]
978-1260565812 Test Bank Chapter 6 Part 1
Global Business Today, 11e (Hill) Chapter 6 International Trade Theory 1) Mercantilism, propagated in the sixteenth and seventeenth centuries, advocated that countries should discourage exports. Answer: FALSE Explanation: Propagated in the sixteenth and seventeenth centuries, mercantilism advocated that countries should […]
978-1260565812 Test Bank Chapter 5 Part 4
105) The ________ step in ethical decision making helps businesspeople know if their decision process is working and if changes should be made to ensure greater compliance with a code of ethics. A) judging the ethics of the proposed decision […]
978-1260565812 Test Bank Chapter 5 Part 3
83) In stating that all human beings are born free and equal in dignity and rights, and that they are endowed with reason and conscience and should act toward one another in a spirit of brotherhood, Article 1 of the […]
978-1260565812 Test Bank Chapter 5 Part 2
46) What situation is most likely to lead to unethical behavior in a business setting? A) a strong sense of personal ethics exhibited by employees B) expatriate managers working away from their ordinary social context and supporting culture C) providing […]
978-1260565812 Test Bank Chapter 5 Part 1
Global Business Today, 11e (Hill) Chapter 5 Ethics, Corporate Social Responsibility, and Sustainability 1) The term ethics refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions […]
978-1260565812 Test Bank Chapter 4 Part 3
88) A company that wants to market winter gear to citizens of Alaska should be aware that there are 24 words used in the state to describe different types of snow. This shows how ________ structures how we perceive the […]
978-1260565812 Test Bank Chapter 4 Part 2
48) Jason’s company has always emphasized that every employee is an important part of the company’s success and does not highlight individual achievements. By emphasizing the group, Jason’s company will most likely A) encourage competition between members of the group. […]
978-1260565812 Test Bank Chapter 4 Part 1
Global Business Today, 11e (Hill) Chapter 4 Differences in Culture 1) There is universal consensus on the definition of culture. Answer: FALSE Explanation: There isn’t a universal consensus on the definition of culture which makes it difficult to build culture […]
978-1260565812 Test Bank Chapter 3 Part 3
84) Some believe that the global financial crisis of 2008–2009 was the result of A) a lack of free markets. B) a lack of regulation. C) political ideologies in opposition to democracy. D) a strong presence of command economies. E) […]
978-1260565812 Test Bank Chapter 3 Part 2
46) In the country of Bolar, the state owns key industries such as energy and transportation. The rest of the industries are privately owned. Bolar is a ________ economy. A) market B) planned C) mixed D) private E) democratic Answer: […]
978-1260565812 Test Bank Chapter 3 Part 1
Global Business Today, 11e (Hill) Chapter 3 National Differences in Economic Development 1) The purchasing power parity for different countries is adjusted (up or down) depending upon whether a country’s cost of living is lower or higher than the cost […]
978-1260565812 Test Bank Chapter 2 Part 3
87) Cheryl Peterson, a U.S.-based business executive, paid the equivalent of $20 to an official of the country of Murundi to expedite the overnight delivery of critical documents. When questioned, Cheryl Peterson claimed this was a way to facilitate the […]
978-1260565812 Test Bank Chapter 2 Part 2
49) What is a form of totalitarianism that advocates that socialism can be achieved only through a totalitarian dictatorship? A) tribal totalitarianism B) democratic totalitarianism C) communist totalitarianism D) theocratic totalitarianism E) right-wing totalitarianism Answer: C Explanation: Communist totalitarianism is […]
978-1260565812 Test Bank Chapter 2 Part 1
Global Business Today, 11e (Hill) Chapter 2 National Differences in Political, Economic, and Legal Systems 1) The term political economy is used to stress the fact that the political, economic, and legal systems of a country are independent of each […]
978-1260565812 Test Bank Chapter 1 Part 3
75) A supporter of globalization would agree that A) environmental regulations need to be standardized around the world to equalize the economy. B) free trade agreements should be tied to higher environmental standards. C) tougher environmental regulations ultimately result in […]
978-1260565812 Test Bank Chapter 1 Part 2
47) While the lowering of trade barriers made globalization of markets and production a theoretical possibility, what has made it a tangible reality? A) the advances in communication, information processing, and transportation technologies B) the rise of communism and the […]
978-1260565812 Test Bank Chapter 1 Part 1
Global Business Today, 11e (Hill) Chapter 1 Globalization 1) As a result of globalization, we have been moving toward a world in which national economies are relatively self-contained entities. Answer: FALSE Explanation: Over the past five decades, a fundamental shift […]
978-1260157185 Test Bank Chapter 12 Part 5
88) Why was Goldman Sachs having trouble recruiting the best and brightest MBAs, finding itself competing for talent with high tech firms like Amazon, Google, and Facebook? What lessons can be learned about how culture impacts the strategy execution effort? […]
978-1260157185 Test Bank Chapter 12 Part 4
66) What is a substantive culture-changing action that a company’s managers would refrain from undertaking to alter a problem culture? A) Promoting individuals who are known to possess the desired cultural traits, who have stepped forward to advocate for the […]
978-1260157185 Test Bank Chapter 12 Part 3
45) In adaptive corporate cultures A) the prevailing view is that the best way to look out for the interests of employees is to change core values and cultural norms in whatever ways are needed to fit the changing requirements […]
978-1260157185 Test Bank Chapter 12 Part 2
24) Perpetuating a company’s culture does NOT involve A) word-of-mouth indoctrination of new members in the culture’s fundamentals. B) frequent reiteration of core values by senior managers and group members. C) visibly rewarding those who display cultural norms and penalizing […]
978-1260157185 Test Bank Chapter 12 Part 1
Crafting and Executing Strategy, 22e (Thompson) Chapter 12 Corporate Culture and Leadership 1) Why is a company’s corporate culture important? A) It represents the integration of the strategy and business model that a company has adopted. B) It influences the […]
978-1260157185 Test Bank Chapter 11 Part 5
101) Discuss the importance of and provide at least three examples of the strategic benefits of real-time information systems. Answer: Real-time information systems permit company managers to stay on top of implementation initiatives and daily operations and to intervene if […]
978-1260157185 Test Bank Chapter 11 Part 4
84) Six Sigma quality control A) is a strategy-implementer’s best, most reliable tool for simultaneously achieving top-notch product quality and low manufacturing costs. B) consists of a disciplined, statistics-based system aimed at producing not more than 2.5 defects per million […]
978-1260157185 Test Bank Chapter 11 Part 3
56) What is spurious to superior strategy execution and operating excellence? A) having real-time information systems that permit company managers to stay on top of implementation initiatives and daily operations and to intervene if things seem to be drifting off […]
978-1260157185 Test Bank Chapter 11 Part 2
27) Business process reengineering is a tool for A) expediting the redesign of existing products and shortening the design-to-market cycle. B) radically redesigning and streamlining how an activity (workflow) is performed, by pulling the pieces of strategy-critical activities out of […]
978-1260157185 Test Bank Chapter 11 Part 1
Crafting and Executing Strategy, 22e (Thompson) Chapter 11 Managing Internal Operations 1) A company’s ability to marshal adequate resources in support of new strategic initiatives and steer them to the appropriate organizational units is important to the strategy execution process […]
978-1260157185 Test Bank Chapter 10 Part 4
88) The principal advantage of a decentralized organizational structure is that it can A) reduce the layers of management and encourage lower-level managers and rank-and-file employees to exercise initiative and act responsibly. B) make it easy to fix accountability when […]
978-1260157185 Test Bank Chapter 10 Part 3
55) Sometimes a company can short-circuit the task of building an organizational capability in- house by A) putting in high-incentive bonuses to reward individual employees who train hard to develop the desired capability. B) launching an extensive training effort to […]
978-1260157185 Test Bank Chapter 10 Part 2
28) The primary activities involved in building an organization’s strategy-supportive resources, capabilities, and organizational structure are NOT concerned with A) putting together a strong management team. B) developing a set of resources and capabilities suited to the current strategy and […]
Chapter 10 Good Strategy Execution Requires Which Of The Following
Crafting and Executing Strategy, 22e (Thompson) Chapter 10 Building an Organization Capable of Good Strategy Execution 1) Once company managers have decided on a strategy, the emphasis turns to A) building the core competencies and competitive capabilities needed to execute […]
978-1260157185 Test Bank Chapter 9 Part 5
101) Apart from “the business of business is business, not ethics” kind of thinking, there are three other primary factors that contribute to a drive toward unethical business behavior. Identify and explain the three factors. Answer: Apart from the “business […]
978-1260157185 Test Bank Chapter 9 Part 4
85) Imagine you were asked to work for a residential construction company. How would you build a moral case for this company to engage in corporate social responsibility and environmentally sustainable business practices? A) Socially responsible actions and sustainable business […]
978-1260157185 Test Bank Chapter 9 Part 3
55) When companies formulate and implement a strategy of corporate social responsibility, they generally do NOT A) devote efforts to employ an ethical strategy and observe ethical principles in operating the business B) make charitable contributions, donate money and the […]
978-1260157185 Test Bank Chapter 9 Part 2
25) The contention that ethical standards should reflect the collective views of multiple societies in establishing a set of universal ethical principles (that are widely recognized as laying legitimacy to ethical boundaries on actions and behavior in all situations) and […]
978-1260157185 Test Bank Chapter 9 Part 1
Crafting and Executing Strategy, 22e (Thompson) Chapter 9 Ethics, Corporate Social Responsibility, Environmental Sustainability, and Strategy 1) On August 1, 2018, Reddit, an American social news aggregation, web content rating, and discussion website reported that it had been hacked. A […]
978-1260157185 Test Bank Chapter 8 Part 4
91) Retrenching to a narrower diversification base is A) usually the most attractive long-run strategy for a broadly diversified company confronted with recession, high interest rates, mounting competitive pressures in several of its businesses, and sluggish growth. B) a strategy […]
Chapter 8 Checking A Diversified Company’s Business Portfolio
63) When calculating the weighted industry attractiveness scores, we find the more intensely competitive an industry is A) the lower the attractiveness weighting for that industry. B) the higher the attractiveness weighting for that industry. C) suggests the resources are […]
Chapter 8 The Two Biggest Drawbacks Or Disadvantages Of Unrelated Diversification Are
32) Businesses with strategic fit with respect to their supply chain activities perform better together because of all of the following except the A) potential for skills transfer in procuring materials. B) sharing of resources and capabilities in logistics. C) […]