Question 1

The following international companies are known for their product and process innovations

Accepted Answer

A)  General Electric and Toyota 
B)  Reliance Corporation and the Tata group of companies 
C)  Citigroup and JP Morgan Chase 
D)  Carrefour and Wal-Mart 
A)  General Electric and Toyota 
B)  Reliance Corporation and the Tata group of companies 
C)  Citigroup and JP Morgan Chase 
D)  Carrefour and Wal-Mart A

Question 2

The following activities are associated with human resource management

Accepted Answer

A)  Administration and purchasing 
B)  Budgeting and planning 
C)  Recruiting and training 
D)  Planning and decision making 
A)  Administration and purchasing 
B)  Budgeting and planning 
C)  Recruiting and training 
D)  Planning and decision making C

Question 3

Which of the eight functions would be most essential for a small exporting company?

Accepted Answer

For a small exporting company the critical functions are marketing-selling and generating revenues, finance-managing the funds, accounting-control of operations, and operations-generating goods and services.

Question 4

Investment decision is part of the finance function.

Accepted Answer

A) True 
 B)False

Question 5

Expatriates are employees who are recruited from colleges and universities.

Accepted Answer

A) True 
 B)False

Question 6

Outsourcing is a major function of international companies.

Accepted Answer

A) True 
 B)False

Question 7

Expatriates are assigned to overseas operations in order to

Accepted Answer

A)  To safeguard against theft of intellectual property rights 
B)  To learn a new language 
C)  To understand and learn about another culture 
D)  As an incentive to remain within the company 
A)  To safeguard against theft of intellectual property rights 
B)  To learn a new language 
C)  To understand and learn about another culture 
D)  As an incentive to remain within the company

Question 8

Scheduling and layout decisions are made under the administrative function.

Accepted Answer

A) True 
 B)False

Question 9

In a highly competitive global economy it is critical that international companies

Accepted Answer

A)  Emphasize interdependent customer groupings to achieve functional integration 
B)  Direct their efforts to be in many international markets 
C)  Establish large regional bases to gain competitive advantage 
D)  None of the above 
A)  Emphasize interdependent customer groupings to achieve functional integration 
B)  Direct their efforts to be in many international markets 
C)  Establish large regional bases to gain competitive advantage 
D)  None of the above

Question 10

Functional integration implies that

Accepted Answer

A)  Marketing and other functions require equal funding allocations 
B)  Marketing strategies are developed in conjunction with and through the coordination of other functions 
C)  Marketing and selling functions have to be coordinated 
D)  Production and operations management requires the assistance of human resource department 
A)  Marketing and other functions require equal funding allocations 
B)  Marketing strategies are developed in conjunction with and through the coordination of other functions 
C)  Marketing and selling functions have to be coordinated 
D)  Production and operations management requires the assistance of human resource department

Question 11

Why is functional integration and coordination important for companies to be successful?

Accepted Answer

The answer of Why is functional integration and coordination important...

Question 12

One of the key marketing functions is to choose the target market.

Accepted Answer

A) True 
 B)False

Question 13

Human resources management recognizes the importance of offering bonuses to all employees.

Accepted Answer

A) True 
 B)False

Question 14

Research has shown that some functions are naturally linked to one another and these are

Accepted Answer

A)  Marketing, selling, and administration 
B)  Finance, personnel, and MIS 
C)  R&D, manufacturing, and marketing 
D)  Human resources, payroll, and outsourcing 
A)  Marketing, selling, and administration 
B)  Finance, personnel, and MIS 
C)  R&D, manufacturing, and marketing 
D)  Human resources, payroll, and outsourcing

Question 15

The focus of customer relations management is

Accepted Answer

A)  Manage the relationship between customers and retailers 
B)  Manage the relationship between the company and its customers 
C)  Manage the relationship between the company and its suppliers 
D)  Manage the relationship between the company and its banks 
A)  Manage the relationship between customers and retailers 
B)  Manage the relationship between the company and its customers 
C)  Manage the relationship between the company and its suppliers 
D)  Manage the relationship between the company and its banks

Question 16

Product innovations are mostly a result of luck.

Accepted Answer

A) True 
 B)False

Question 17

Some of the activities associated with production and operations management include

Accepted Answer

A)  Sourcing of materials, design and technology, and quality control 
B)  Logistics, investment decisions, and preparing income statement 
C)  Recruiting, training, and assigning staff to various subsidiaries 
D)  Research, data analysis, and strategic planning 
A)  Sourcing of materials, design and technology, and quality control 
B)  Logistics, investment decisions, and preparing income statement 
C)  Recruiting, training, and assigning staff to various subsidiaries 
D)  Research, data analysis, and strategic planning

Question 18

Customer relations management attempts to attract customers by offering discounts and rebates.

Accepted Answer

A) True 
 B)False

Question 19

How are the various functions linked?

Accepted Answer

The answer of How are the various functions linked?...

Question 20

International functional coordination results in

Accepted Answer

A)  Fewer subsidiary operations 
B)  Fewer expatriate personnel 
C)  Improved geographic planning 
D)  Improved linkages among geographically dispersed units and their varied functions 
A)  Fewer subsidiary operations 
B)  Fewer expatriate personnel 
C)  Improved geographic planning 
D)  Improved linkages among geographically dispersed units and their varied functions

The following international companies are known for their product and process innovations

The following activities are associated with human resource management

Which of the eight functions would be most essential for a small exporting company?

Investment decision is part of the finance function.

Expatriates are employees who are recruited from colleges and universities.

Outsourcing is a major function of international companies.

Expatriates are assigned to overseas operations in order to

Scheduling and layout decisions are made under the administrative function.

In a highly competitive global economy it is critical that international companies

Functional integration implies that

Why is functional integration and coordination important for companies to be successful?

One of the key marketing functions is to choose the target market.

Human resources management recognizes the importance of offering bonuses to all employees.

Research has shown that some functions are naturally linked to one another and these are

The focus of customer relations management is

Product innovations are mostly a result of luck.

Some of the activities associated with production and operations management include

Customer relations management attempts to attract customers by offering discounts and rebates.

How are the various functions linked?

International functional coordination results in

Introduction and Overview

International Business Environment-Culture

Economic and Other Related Environmental Variables

The Political and Legal Environment

International Trade and Foreign Direct Investments

Entry Strategies

Production and Operations Management and Supply Chain Management

Outsourcing

International Finance

International Marketing

Human Resource Management and Organizational Structures

International Financial Management

International Accounting

Filters

Exam 7: Functional Integration

The following international companies are known for their product and process innovations

The following activities are associated with human resource management

Which of the eight functions would be most essential for a small exporting company?

Investment decision is part of the finance function.

Expatriates are employees who are recruited from colleges and universities.

Outsourcing is a major function of international companies.

Expatriates are assigned to overseas operations in order to

Scheduling and layout decisions are made under the administrative function.

In a highly competitive global economy it is critical that international companies

Functional integration implies that

Why is functional integration and coordination important for companies to be successful?

One of the key marketing functions is to choose the target market.

Human resources management recognizes the importance of offering bonuses to all employees.

Research has shown that some functions are naturally linked to one another and these are

The focus of customer relations management is

Product innovations are mostly a result of luck.

Some of the activities associated with production and operations management include

Customer relations management attempts to attract customers by offering discounts and rebates.

How are the various functions linked?

International functional coordination results in

Introduction and Overview

International Business Environment-Culture

Economic and Other Related Environmental Variables

The Political and Legal Environment

International Trade and Foreign Direct Investments

Entry Strategies

Production and Operations Management and Supply Chain Management

Outsourcing

International Finance

International Marketing

Human Resource Management and Organizational Structures

International Financial Management

International Accounting

Filters