Question 1

Which of the following is true about global teams?

Accepted Answer

A)  It is a locally distributed group of employees charged with specific problem solving that affects company operations at the domestic scale. 
B)  To develop global strategies, the team should include culturally diverse managers whose business activities span the globe. 
C)  Strategic global teams focus on the efficient and effective operation of the business across the whole network. 
D)  Operational global teams identify or implement initiatives that enhance the long-term direction of the firm in its global industry. 
A)  It is a locally distributed group of employees charged with specific problem solving that affects company operations at the domestic scale. 
B)  To develop global strategies, the team should include culturally diverse managers whose business activities span the globe. 
C)  Strategic global teams focus on the efficient and effective operation of the business across the whole network. 
D)  Operational global teams identify or implement initiatives that enhance the long-term direction of the firm in its global industry.

Question 2

When using a home replication strategy, firms delegate autonomy to managers in each foreign unit, allowing them to operate independently and pursue local responsiveness.

Accepted Answer

A) True 
 B)False

Question 3

Marketing the same product worldwide is most appropriate for the ________ industry.

Accepted Answer

A)  furniture 
B)  electronics 
C)  food and beverage 
D)  retailing 
A)  furniture 
B)  electronics 
C)  food and beverage 
D)  retailing

Question 4

CEO Hiring Interview (Scenario)
The Ace Children's Clothing Company is a mature MNE that has been manufacturing and selling children's clothing in Ace stores around the world for 30 years. Ace has seen a downturn in global sales recently due to trendy adult clothing companies branching out into children's clothing. The Ace board of directors is interviewing candidates to replace the outgoing CEO. The board wants a CEO who will take Ace into the future and pull customers back into Ace stores. Two candidates are being interviewed for the position: Dan Elizarde and Tanya Carson. Tanya and Dan have comparable executive experience with retail clothing companies. Therefore, the board will be basing its final decision on visionary leadership skills.
-Which of the following characteristics should the winning candidate most likely possess if Ace executives desire a CEO with a global mind-set?

Accepted Answer

A)  open-minded about diversity 
B)  subjective ethical standards 
C)  fluency in two languages 
D)  proponent of cultural imperialism 
A)  open-minded about diversity 
B)  subjective ethical standards 
C)  fluency in two languages 
D)  proponent of cultural imperialism

Question 5

Which of the following is a characteristic of a global team?

Accepted Answer

A)  culturally diverse 
B)  similarly trained 
C)  domestically based 
D)  constant face-to-face interaction 
A)  culturally diverse 
B)  similarly trained 
C)  domestically based 
D)  constant face-to-face interaction

Question 6

Decisions about local products that will be sold in only one country are typically the joint responsibility of corporate and country-level managers, with the latter taking the lead role.

Accepted Answer

A) True 
 B)False

Question 7

CEO Hiring Interview (Scenario)
The Ace Children's Clothing Company is a mature MNE that has been manufacturing and selling children's clothing in Ace stores around the world for 30 years. Ace has seen a downturn in global sales recently due to trendy adult clothing companies branching out into children's clothing. The Ace board of directors is interviewing candidates to replace the outgoing CEO. The board wants a CEO who will take Ace into the future and pull customers back into Ace stores. Two candidates are being interviewed for the position: Dan Elizarde and Tanya Carson. Tanya and Dan have comparable executive experience with retail clothing companies. Therefore, the board will be basing its final decision on visionary leadership skills.
-During the interview, Tanya describes her idea of expanding the Ace line into maternity clothes to draw in expecting mothers. Which of the following traits of a visionary leader is Tanya most likely exhibiting?

Accepted Answer

A)  subjective morality 
B)  cultural imperialism 
C)  global strategic vision 
D)  dogmatic view 
A)  subjective morality 
B)  cultural imperialism 
C)  global strategic vision 
D)  dogmatic view

Question 8

Which of the following gives headquarters considerable authority and control over the firm's activities worldwide?

Accepted Answer

A)  nationalization 
B)  home replication strategy 
C)  centralized approach 
D)  decentralized approach 
A)  nationalization 
B)  home replication strategy 
C)  centralized approach 
D)  decentralized approach

Question 9

A culturally diverse team would ________.

Accepted Answer

A)  use diverse languages for business communications across various teams across the globe 
B)  follow country-specific ethical standards across the globe 
C)  use local employees, for accountability, for all major company decisions 
D)  create a global view inside the firm while remaining in touch with local realities 
A)  use diverse languages for business communications across various teams across the globe 
B)  follow country-specific ethical standards across the globe 
C)  use local employees, for accountability, for all major company decisions 
D)  create a global view inside the firm while remaining in touch with local realities

Question 10

Organizational culture is ________.

Accepted Answer

A)  the pattern of shared values, behavioral norms, systems, policies, and procedures that employees learn and adopt 
B)  an approach in which a firm views international business as separate from, and secondary to, its domestic business 
C)  a reporting structure inside the firm that specifies the links between people, functions, and processes 
D)  an organizational design in which all international activities are centralized within one division in the firm, separate from domestic units 
A)  the pattern of shared values, behavioral norms, systems, policies, and procedures that employees learn and adopt 
B)  an approach in which a firm views international business as separate from, and secondary to, its domestic business 
C)  a reporting structure inside the firm that specifies the links between people, functions, and processes 
D)  an organizational design in which all international activities are centralized within one division in the firm, separate from domestic units

Question 11

Quik Meal Structure (Scenario)
Quik Meal is a fast-growing MNE that manufactures and sells energy gels for consumption by serious athletes, such as marathoners and triathletes. The energy gels produced by Quik Meal taste much better than the gels sold by other firms, which has led to an increase in sales. Managers and executives with Quik Meal need to determine the best organizational structure for the young firm. Quik Meal has subsidiaries in Japan and Brazil, while company headquarters are based in San Francisco.
-Which of the following organizational arrangements for foreign operations is most closely associated with home replication strategy?

Accepted Answer

A)  export department 
B)  international division 
C)  geographic area structure 
D)  product structure 
A)  export department 
B)  international division 
C)  geographic area structure 
D)  product structure

Question 12

Graham Technologies is a U.K.-based consumer electronics manufacturer. The company markets netbooks, smartphones, laptops, and desktops in the international market and each product division operates as a stand-alone profit center with substantial autonomy. This is an example of a ________.

Accepted Answer

A)  global matrix structure 
B)  functional structure 
C)  product structure 
D)  geographic area structure 
A)  global matrix structure 
B)  functional structure 
C)  product structure 
D)  geographic area structure

Question 13

Due to the competition involved in global industries, marketing strategies are determined by the unique needs and regulations of each nation.

Accepted Answer

A) True 
 B)False

Question 14

A company can be compelled to globally integrate its activities to seek cost reduction through scale economies.

Accepted Answer

A) True 
 B)False

Question 15

Describe the three strategic objectives for creating a competitive advantage in international business as proposed by Bartlett and Ghoshal. Provide an example to illustrate each objective.

Accepted Answer

a. Efficiency-The firm must build effici

Question 16

CEO Hiring Interview (Scenario)
The Ace Children's Clothing Company is a mature MNE that has been manufacturing and selling children's clothing in Ace stores around the world for 30 years. Ace has seen a downturn in global sales recently due to trendy adult clothing companies branching out into children's clothing. The Ace board of directors is interviewing candidates to replace the outgoing CEO. The board wants a CEO who will take Ace into the future and pull customers back into Ace stores. Two candidates are being interviewed for the position: Dan Elizarde and Tanya Carson. Tanya and Dan have comparable executive experience with retail clothing companies. Therefore, the board will be basing its final decision on visionary leadership skills.
-During the interview, Dan states that he expects Ace to surpass the competition in two years if he becomes CEO. Which of the following traits does Dan most likely exhibit with his statement that might appeal to the board of directors?

Accepted Answer

A)  commitment to the success of Ace 
B)  arrogance about his abilities to help Ace 
C)  recognition of the homogeneity across communities 
D)  subjective ethical standards 
A)  commitment to the success of Ace 
B)  arrogance about his abilities to help Ace 
C)  recognition of the homogeneity across communities 
D)  subjective ethical standards

Question 17

Discuss the factors relevant to a firm's decision to centralize or decentralize foreign operations.

Accepted Answer

The choice between headquarters and subs

Question 18

In the ________ strategy, a firm views international business as separate from, and secondary to, its domestic business.

Accepted Answer

A)  home replication 
B)  multilocal 
C)  global 
D)  transnational 
A)  home replication 
B)  multilocal 
C)  global 
D)  transnational

Question 19

Which of the following is a characteristic of a transnational strategy to internationalization?

Accepted Answer

A)  minimal pressure on headquarters staff 
B)  decision making is delegated to local managers 
C)  local responsiveness with central control 
D)  international business is viewed as separate from, and secondary to domestic business 
A)  minimal pressure on headquarters staff 
B)  decision making is delegated to local managers 
C)  local responsiveness with central control 
D)  international business is viewed as separate from, and secondary to domestic business

Question 20

In establishing a firm's organizational structure, a fundamental issue is ________.

Accepted Answer

A)  how to optimize local responsiveness and flexibility 
B)  how much decision-making responsibility the firm should retain at headquarters 
C)  how to leverage natural endowments available to the firm 
D)  how the firm should invest in human assets 
A)  how to optimize local responsiveness and flexibility 
B)  how much decision-making responsibility the firm should retain at headquarters 
C)  how to leverage natural endowments available to the firm 
D)  how the firm should invest in human assets

Which of the following is true about global teams?

When using a home replication strategy, firms delegate autonomy to managers in each foreign unit, allowing them to operate independently and pursue local responsiveness.

Marketing the same product worldwide is most appropriate for the ________ industry.

Which of the following is a characteristic of a global team?

Decisions about local products that will be sold in only one country are typically the joint responsibility of corporate and country-level managers, with the latter taking the lead role.

Which of the following gives headquarters considerable authority and control over the firm's activities worldwide?

A culturally diverse team would ________.

Organizational culture is ________.

Graham Technologies is a U.K.-based consumer electronics manufacturer. The company markets netbooks, smartphones, laptops, and desktops in the international market and each product division operates as a stand-alone profit center with substantial autonomy. This is an example of a ________.

Due to the competition involved in global industries, marketing strategies are determined by the unique needs and regulations of each nation.

A company can be compelled to globally integrate its activities to seek cost reduction through scale economies.

Describe the three strategic objectives for creating a competitive advantage in international business as proposed by Bartlett and Ghoshal. Provide an example to illustrate each objective.

Discuss the factors relevant to a firm's decision to centralize or decentralize foreign operations.

In the ________ strategy, a firm views international business as separate from, and secondary to, its domestic business.

Which of the following is a characteristic of a transnational strategy to internationalization?

In establishing a firm's organizational structure, a fundamental issue is ________.

Introduction: What Is International Business

Globalization of Markets and the Internationalization of the Firm

Organizational Participants That Make International Business Happen

The Cultural Environment of International Business

Ethics and International Business

Theories of International Trade and Investment

Political and Legal Systems in National Environments

Government Intervention in International Business

Regional Economic Integration

Understanding Emerging Markets

The International Monetary and Financial Environment

Global Market Opportunity Assessment

Exporting and Countertrade

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Global Sourcing

Marketing in the Global Firm

Human Resource Management in the Global Firm

Financial Management and Accounting in the Global Firm

Filters

Exam 12: Strategy and Organization in the International Firm

Which of the following is true about global teams?

When using a home replication strategy, firms delegate autonomy to managers in each foreign unit, allowing them to operate independently and pursue local responsiveness.

Marketing the same product worldwide is most appropriate for the ________ industry.

Which of the following is a characteristic of a global team?

Decisions about local products that will be sold in only one country are typically the joint responsibility of corporate and country-level managers, with the latter taking the lead role.

Which of the following gives headquarters considerable authority and control over the firm's activities worldwide?

A culturally diverse team would ________.

Organizational culture is ________.

Graham Technologies is a U.K.-based consumer electronics manufacturer. The company markets netbooks, smartphones, laptops, and desktops in the international market and each product division operates as a stand-alone profit center with substantial autonomy. This is an example of a ________.

Due to the competition involved in global industries, marketing strategies are determined by the unique needs and regulations of each nation.

A company can be compelled to globally integrate its activities to seek cost reduction through scale economies.

Describe the three strategic objectives for creating a competitive advantage in international business as proposed by Bartlett and Ghoshal. Provide an example to illustrate each objective.

Discuss the factors relevant to a firm's decision to centralize or decentralize foreign operations.

In the ________ strategy, a firm views international business as separate from, and secondary to, its domestic business.

Which of the following is a characteristic of a transnational strategy to internationalization?

In establishing a firm's organizational structure, a fundamental issue is ________.

Introduction: What Is International Business

Globalization of Markets and the Internationalization of the Firm

Organizational Participants That Make International Business Happen

The Cultural Environment of International Business

Ethics and International Business

Theories of International Trade and Investment

Political and Legal Systems in National Environments

Government Intervention in International Business

Regional Economic Integration

Understanding Emerging Markets

The International Monetary and Financial Environment

Global Market Opportunity Assessment

Exporting and Countertrade

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Global Sourcing

Marketing in the Global Firm

Human Resource Management in the Global Firm

Financial Management and Accounting in the Global Firm

Filters