Question 1

All of the following are true about small business CEOs EXCEPT

Accepted Answer

A)  Opening new markets is often the personal responsibility of the CEO. 
B)  They want to take a break from the daily management of their businesses by going overseas. 
C)  New international ventures may threaten their family life. 
D)  Their attitudes towards internationalization is a major factor in international success. 
A)  Opening new markets is often the personal responsibility of the CEO. 
B)  They want to take a break from the daily management of their businesses by going overseas. 
C)  New international ventures may threaten their family life. 
D)  Their attitudes towards internationalization is a major factor in international success. B

Question 2

A small business global culture occurs when

Accepted Answer

A)  Small businesses face global competition. 
B)  Key decision makers view competition as more domestic than global. 
C)  Organizations have managerial and worker values that view strategic opportunities as global and not just domestic. 
D)  Managers give priority to the relevance of national boundaries when conducting international business. 
A)  Small businesses face global competition. 
B)  Key decision makers view competition as more domestic than global. 
C)  Organizations have managerial and worker values that view strategic opportunities as global and not just domestic. 
D)  Managers give priority to the relevance of national boundaries when conducting international business. C

Question 3

Which of the following has helped to level the playing field for small businesses wanting to go international?

Accepted Answer

A)  Technology and e-commerce 
B)  Sources of venture capital 
C)  Having a headquarters located near a major customer 
D)  The existence of trade shows 
A)  Technology and e-commerce 
B)  Sources of venture capital 
C)  Having a headquarters located near a major customer 
D)  The existence of trade shows A

Question 4

Consider three of the suggested strategic moves for copycat businesses.Which of these strategies might be most successful when expanding into the international market as opposed to the domestic market?

Accepted Answer

Answers will vary.Students' answers shou

Question 5

Switching costs are

Accepted Answer

A)  Expenses involved when a customer switches to a competitor's product. 
B)  Forms of copycat strategies. 
C)  The costs incurred by a company when adopting a global standard. 
D)  None of the above 
A)  Expenses involved when a customer switches to a competitor's product. 
B)  Forms of copycat strategies. 
C)  The costs incurred by a company when adopting a global standard. 
D)  None of the above

Question 6

First mover advantages occur when

Accepted Answer

A)  A company can begin business as a global start-up. 
B)  A company adopts global strategies faster than competitors. 
C)  Company moves quickly into a new venture and establishes the business before other firms can react. 
D)  A company changes production technology. 
A)  A company can begin business as a global start-up. 
B)  A company adopts global strategies faster than competitors. 
C)  Company moves quickly into a new venture and establishes the business before other firms can react. 
D)  A company changes production technology.

Question 7

Small business barriers to internationalization include all of the following EXCEPT

Accepted Answer

A)  Small size means limited financial and personnel resources for international operations. 
B)  Top managers with limited international experience. 
C)  Positive attitudes of top managers about becoming multinationals. 
D)  Lack of sufficient scale to produce goods or services as efficiently as large companies. 
A)  Small size means limited financial and personnel resources for international operations. 
B)  Top managers with limited international experience. 
C)  Positive attitudes of top managers about becoming multinationals. 
D)  Lack of sufficient scale to produce goods or services as efficiently as large companies.

Question 8

An entry wedge is

Accepted Answer

A)  A strategic competitive advantage for breaking into the established pattern of commercial activity. 
B)  A competitive opening in an industry. 
C)  A strategy used by only new companies. 
D)  None of the above 
A)  A strategic competitive advantage for breaking into the established pattern of commercial activity. 
B)  A competitive opening in an industry. 
C)  A strategy used by only new companies. 
D)  None of the above

Question 9

What are the advantages of a small business going international through incremental stages rather than as a global start-up?

Accepted Answer

Answers will vary,but students might men

Question 10

It is now easier to overcome the barriers to small business internationalization because of all of the following reasons EXCEPT

Accepted Answer

A)  There are more government programs that support small business exporting and sales. 
B)  Trade agreements (such as NAFT
A) are making international trade less complex. 
C)  Larger organizations are increasingly more willing to share their global expertise with smaller ones. 
D)  There is a wealth of information regarding international opportunities such as those available on the World Wide Web. 
A)  There are more government programs that support small business exporting and sales. 
B)  Trade agreements (such as NAFT
A) are making international trade less complex. 
C)  Larger organizations are increasingly more willing to share their global expertise with smaller ones. 
D)  There is a wealth of information regarding international opportunities such as those available on the World Wide Web.

Question 11

How do small businesses and entrepreneurs affect national economic growth and development? Explain why multinationals consider entrepreneurship levels in the country when making their location choices.

Accepted Answer

Answers will vary but should demonstrate

Question 12

Global start-ups occur when

Accepted Answer

A)  Companies have consistent licensing agreements. 
B)  Companies start exporting as soon as they receive their first order. 
C)  Companies begin as multinationals. 
D)  Companies move rapidly through the stages of internationalization. 
A)  Companies have consistent licensing agreements. 
B)  Companies start exporting as soon as they receive their first order. 
C)  Companies begin as multinationals. 
D)  Companies move rapidly through the stages of internationalization.

Question 13

Discuss some of the advantages that the Internet can offer small businesses when going international.

Accepted Answer

Answers will vary but should include som

Question 14

Which of the following is not one of the questions to consider when a small business decides to go international?

Accepted Answer

A)  Do we have a global product or service? 
B)  Do we have partners with which to go international? 
C)  Do we have the managerial,organizational,and financial resources to go international? 
D)  Is there a profitable market for our products or service? 
A)  Do we have a global product or service? 
B)  Do we have partners with which to go international? 
C)  Do we have the managerial,organizational,and financial resources to go international? 
D)  Is there a profitable market for our products or service?

Question 15

The United Nations and Organization for Economic Cooperation and Development

Accepted Answer

A)  Defines a small business as those having less than 500 employees. 
B)  Defines a small business as those with less than 100 employees. 
C)  Defines a small business based on industry and sales revenue. 
D)  All of the above 
A)  Defines a small business as those having less than 500 employees. 
B)  Defines a small business as those with less than 100 employees. 
C)  Defines a small business based on industry and sales revenue. 
D)  All of the above

Question 16

Many multinationals rely on the support and assistance provided by which of the following when entering a new country?

Accepted Answer

A)  Customers 
B)  Entrepreneurs and small businesses 
C)  World Bank 
D)  Trade Shows 
A)  Customers 
B)  Entrepreneurs and small businesses 
C)  World Bank 
D)  Trade Shows

Question 17

What is the first mover advantage? What are the most common sources of first mover advantages? How can a small business benefit from first mover advantage?

Accepted Answer

Answers will vary but should reflect the

Question 18

Definitions of small businesses discussed in the text include the following EXCEPT

Accepted Answer

A)  Number of employees. 
B)  Sales revenue. 
C)  Industry. 
D)  Type of product or service. 
A)  Number of employees. 
B)  Sales revenue. 
C)  Industry. 
D)  Type of product or service.

Question 19

One of the major advantages of being involved in Stage 5 (Production Abroad)of the stages of internationalization for small businesses is that it

Accepted Answer

A)  Allows the company to cut the costs of direct investment. 
B)  Allows the company to avoid developing a globally integrated network. 
C)  Allows the company to gain local advantages such as product adaptation or production effectiveness. 
D)  Almost insures that the company will survive and prosper. 
A)  Allows the company to cut the costs of direct investment. 
B)  Allows the company to avoid developing a globally integrated network. 
C)  Allows the company to gain local advantages such as product adaptation or production effectiveness. 
D)  Almost insures that the company will survive and prosper.

Question 20

Small businesses can potentially have more advantages than larger businesses in the global economy because

Accepted Answer

A)  Small companies can change quickly to take advantage of opportunities in new markets. 
B)  Larger companies have more slack resources to absorb risk. 
C)  Small companies require a lot of travel from their CEOs. 
D)  Small companies have more access to resources. 
A)  Small companies can change quickly to take advantage of opportunities in new markets. 
B)  Larger companies have more slack resources to absorb risk. 
C)  Small companies require a lot of travel from their CEOs. 
D)  Small companies have more access to resources.

All of the following are true about small business CEOs EXCEPT

A small business global culture occurs when

Which of the following has helped to level the playing field for small businesses wanting to go international?

Consider three of the suggested strategic moves for copycat businesses.Which of these strategies might be most successful when expanding into the international market as opposed to the domestic market?

Switching costs are

First mover advantages occur when

Small business barriers to internationalization include all of the following EXCEPT

An entry wedge is

What are the advantages of a small business going international through incremental stages rather than as a global start-up?

It is now easier to overcome the barriers to small business internationalization because of all of the following reasons EXCEPT

How do small businesses and entrepreneurs affect national economic growth and development? Explain why multinationals consider entrepreneurship levels in the country when making their location choices.

Global start-ups occur when

Discuss some of the advantages that the Internet can offer small businesses when going international.

Which of the following is not one of the questions to consider when a small business decides to go international?

The United Nations and Organization for Economic Cooperation and Development

Many multinationals rely on the support and assistance provided by which of the following when entering a new country?

What is the first mover advantage? What are the most common sources of first mover advantages? How can a small business benefit from first mover advantage?

Definitions of small businesses discussed in the text include the following EXCEPT

One of the major advantages of being involved in Stage 5 (Production Abroad)of the stages of internationalization for small businesses is that it

Small businesses can potentially have more advantages than larger businesses in the global economy because

Multinational Management in a Changing World

Culture and Multinational Management

The Institutional Context of Multinational Management

Managing Ethical and Social Responsibility Challenges in Multinational Companies

Strategic Management in the Multinational Company: Content and Formulation

Multinational and Entry-Mode Strategies: Content and Formulation

Organizational Design for Multinational Companies

International Strategic Alliances: Management and Design

Multinational E-Commerce: Strategies and Structures

International Human Resource Management

Hrm in the Local Context: Knowing When and How to Adapt

International Negotiation and Cross-Cultural Communication

Motivation in Multinational Companies

Leadership and Management Behavior in Multinational Companies

Filters

Exam 7: Small Businesses and International Entrepreneurship:

All of the following are true about small business CEOs EXCEPT

A small business global culture occurs when

Which of the following has helped to level the playing field for small businesses wanting to go international?

Consider three of the suggested strategic moves for copycat businesses.Which of these strategies might be most successful when expanding into the international market as opposed to the domestic market?

Switching costs are

First mover advantages occur when

Small business barriers to internationalization include all of the following EXCEPT

An entry wedge is

What are the advantages of a small business going international through incremental stages rather than as a global start-up?

It is now easier to overcome the barriers to small business internationalization because of all of the following reasons EXCEPT

How do small businesses and entrepreneurs affect national economic growth and development? Explain why multinationals consider entrepreneurship levels in the country when making their location choices.

Global start-ups occur when

Discuss some of the advantages that the Internet can offer small businesses when going international.

Which of the following is not one of the questions to consider when a small business decides to go international?

The United Nations and Organization for Economic Cooperation and Development

Many multinationals rely on the support and assistance provided by which of the following when entering a new country?

What is the first mover advantage? What are the most common sources of first mover advantages? How can a small business benefit from first mover advantage?

Definitions of small businesses discussed in the text include the following EXCEPT

One of the major advantages of being involved in Stage 5 (Production Abroad)of the stages of internationalization for small businesses is that it

Small businesses can potentially have more advantages than larger businesses in the global economy because

Multinational Management in a Changing World

Culture and Multinational Management

The Institutional Context of Multinational Management

Managing Ethical and Social Responsibility Challenges in Multinational Companies

Strategic Management in the Multinational Company: Content and Formulation

Multinational and Entry-Mode Strategies: Content and Formulation

Organizational Design for Multinational Companies

International Strategic Alliances: Management and Design

Multinational E-Commerce: Strategies and Structures

International Human Resource Management

Hrm in the Local Context: Knowing When and How to Adapt

International Negotiation and Cross-Cultural Communication

Motivation in Multinational Companies

Leadership and Management Behavior in Multinational Companies

Filters