Question 1

According to economist Joseph Schumpeter:

Accepted Answer

A)  entrepreneurs are a nonessential issue to business. 
B)  entrepreneurs are the bearers (not creators) of economic change and growth. 
C)  entrepreneurs and entrepreneurial firms will develop if the economy and its institutions are strong enough. 
D)  entrepreneurship happens naturally as a result of institutions and is not an economic factor to focus on. 
A)  entrepreneurs are a nonessential issue to business. 
B)  entrepreneurs are the bearers (not creators) of economic change and growth. 
C)  entrepreneurs and entrepreneurial firms will develop if the economy and its institutions are strong enough. 
D)  entrepreneurship happens naturally as a result of institutions and is not an economic factor to focus on.

Question 2

For entrepreneurial ventures that need to compete internationally, it is important that they have more tangible assets than intangible assets.

Accepted Answer

A) True 
 B)False

Question 3

A turnkey firm would buy other firms' technology, such as computers, communication devices, sensors, and operating systems, and use this technology to put together its own products.

Accepted Answer

A) True 
 B)False

Question 4

_____ involves comparing a firm's activities against the best in the industry.

Accepted Answer

A)  Leapfrogging 
B)  Process management 
C)  Reengineering 
D)  Benchmarking 
A)  Leapfrogging 
B)  Process management 
C)  Reengineering 
D)  Benchmarking

Question 5

Upstream innovation is a firm's ability to use research and basic product components and package them together to create a new, salable product or service.

Accepted Answer

A) True 
 B)False

Question 6

Contrary to popular assumptions, the poor can constitute a very profitable market-especially if multinational enterprises change their business models.

Accepted Answer

A) True 
 B)False

Question 7

In the second stage of development, the economy shifts away from manufacturing toward services.

Accepted Answer

A) True 
 B)False

Question 8

The third stage of development:

Accepted Answer

A)  sees businesses moving from family-based entrepreneurial capitalism to more Big Unit and managerial capitalism. 
B)  is marked by a return to increasing entrepreneurial activity. 
C)  is dominated by family-run farms and household businesses and is marked by high rates of non-agricultural self-employment. 
D)  is marked by decreasing rates of entrepreneurship. 
A)  sees businesses moving from family-based entrepreneurial capitalism to more Big Unit and managerial capitalism. 
B)  is marked by a return to increasing entrepreneurial activity. 
C)  is dominated by family-run farms and household businesses and is marked by high rates of non-agricultural self-employment. 
D)  is marked by decreasing rates of entrepreneurship.

Question 9

_____ probably account for most farms and small manufacturing and service firms in the first stage of development.

Accepted Answer

A)  Sole proprietorships 
B)  Partnerships 
C)  Corporations 
D)  Limited liability companies 
A)  Sole proprietorships 
B)  Partnerships 
C)  Corporations 
D)  Limited liability companies

Question 10

_____ is a firm's ability to use research and basic product components and package them together to create a new, salable product or service.

Accepted Answer

A)  Informal innovation 
B)  Research innovation 
C)  Downstream innovation 
D)  Upstream innovation 
A)  Informal innovation 
B)  Research innovation 
C)  Downstream innovation 
D)  Upstream innovation

Question 11

What are the steps that a firm needs to take to implement corporate entrepreneurship?

Accepted Answer

Corporate entrepreneurship is a concept

Question 12

A low level of entrepreneurship in a country implies that the country does not have potentially innovative employees, or has employees who will resist innovation and empowerment.

Accepted Answer

A) True 
 B)False

Question 13

Social and political institutions significantly shape the attitudes and behavior of transnational entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 14

The "bottom of the pyramid" is not a viable market, and accounts for hardly any economic activity in developing countries.

Accepted Answer

A) True 
 B)False

Question 15

A large majority of the world's population has benefited as the global economy has grown dramatically in recent years.

Accepted Answer

A) True 
 B)False

Question 16

All organizations have key employees who are internal _____ that influence others, and who are usually veterans of the firm and particularly important in knowledge-based organizations.

Accepted Answer

A)  opinion leaders 
B)  born globals 
C)  business decision makers 
D)  surrogate buyers 
A)  opinion leaders 
B)  born globals 
C)  business decision makers 
D)  surrogate buyers

Question 17

According to the efficient market hypothesis, asset prices are always at the correct price.

Accepted Answer

A) True 
 B)False

According to economist Joseph Schumpeter:

For entrepreneurial ventures that need to compete internationally, it is important that they have more tangible assets than intangible assets.

A turnkey firm would buy other firms' technology, such as computers, communication devices, sensors, and operating systems, and use this technology to put together its own products.

_____ involves comparing a firm's activities against the best in the industry.

Upstream innovation is a firm's ability to use research and basic product components and package them together to create a new, salable product or service.

Contrary to popular assumptions, the poor can constitute a very profitable market-especially if multinational enterprises change their business models.

In the second stage of development, the economy shifts away from manufacturing toward services.

The third stage of development:

_____ probably account for most farms and small manufacturing and service firms in the first stage of development.

_____ is a firm's ability to use research and basic product components and package them together to create a new, salable product or service.

What are the steps that a firm needs to take to implement corporate entrepreneurship?

A low level of entrepreneurship in a country implies that the country does not have potentially innovative employees, or has employees who will resist innovation and empowerment.

Social and political institutions significantly shape the attitudes and behavior of transnational entrepreneurs.

The "bottom of the pyramid" is not a viable market, and accounts for hardly any economic activity in developing countries.

A large majority of the world's population has benefited as the global economy has grown dramatically in recent years.

All organizations have key employees who are internal _____ that influence others, and who are usually veterans of the firm and particularly important in knowledge-based organizations.

According to the efficient market hypothesis, asset prices are always at the correct price.

Introduction to International Management

Culture and International Management

The Economic, Legal, and Political Environment

Strategy Fundamentals and Corporate Strategy

International Market Entry

Business- and Functional-Level Strategy

Motivation

Leadership

Decision Making

Influence and Negotiation

Evaluation and Control

Human Resources Management

The Structure of the International Firm

Filters

Exam 14: The Future of International Management

According to economist Joseph Schumpeter:

For entrepreneurial ventures that need to compete internationally, it is important that they have more tangible assets than intangible assets.

A turnkey firm would buy other firms' technology, such as computers, communication devices, sensors, and operating systems, and use this technology to put together its own products.

_____ involves comparing a firm's activities against the best in the industry.

Upstream innovation is a firm's ability to use research and basic product components and package them together to create a new, salable product or service.

Contrary to popular assumptions, the poor can constitute a very profitable market-especially if multinational enterprises change their business models.

In the second stage of development, the economy shifts away from manufacturing toward services.

The third stage of development:

_____ probably account for most farms and small manufacturing and service firms in the first stage of development.

_____ is a firm's ability to use research and basic product components and package them together to create a new, salable product or service.

What are the steps that a firm needs to take to implement corporate entrepreneurship?

A low level of entrepreneurship in a country implies that the country does not have potentially innovative employees, or has employees who will resist innovation and empowerment.

Social and political institutions significantly shape the attitudes and behavior of transnational entrepreneurs.

The "bottom of the pyramid" is not a viable market, and accounts for hardly any economic activity in developing countries.

A large majority of the world's population has benefited as the global economy has grown dramatically in recent years.

All organizations have key employees who are internal _____ that influence others, and who are usually veterans of the firm and particularly important in knowledge-based organizations.

According to the efficient market hypothesis, asset prices are always at the correct price.

Introduction to International Management

Culture and International Management

The Economic, Legal, and Political Environment

Strategy Fundamentals and Corporate Strategy

International Market Entry

Business- and Functional-Level Strategy

Motivation

Leadership

Decision Making

Influence and Negotiation

Evaluation and Control

Human Resources Management

The Structure of the International Firm

Filters