Question 1

International division managers usually oversee ________.

Accepted Answer

A) large-scale investments 
B) product development 
C) distributor relationships 
D) corporate accounting 
A) large-scale investments 
B) product development 
C) distributor relationships 
D) corporate accounting

Question 2

Managing a firm's value-chain activities on a country-by-country basis to address diverse opportunities and risks is known as ________.

Accepted Answer

A) global integration 
B) global aggregation 
C) regional coordination 
D) local responsiveness 
A) global integration 
B) global aggregation 
C) regional coordination 
D) local responsiveness

Question 3

By standardizing international operations as much as possible, yet being adaptable to the needs of local markets, a firm is utilizing a transnational strategy of globalization.

Accepted Answer

A) True 
 B)False

Question 4

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 5

Firms undertake global integration to seek cost reduction through scale economies.

Accepted Answer

A) True 
 B)False

Question 6

GramTech Solutions is a software development firm based in the United States. The firm's CEO, David Ghaster, wants to open an outlet in India. Being a visionary leader, he would ________.

Accepted Answer

A) require employees to discover a strategic vision for the firm 
B) require managers to acquire an openness to, and awareness of, culture in India 
C) commit minimum resources for international ventures because of the currency risk involved 
D) cut down on employees' cross-cultural training to save capital to open a firm in India 
A) require employees to discover a strategic vision for the firm 
B) require managers to acquire an openness to, and awareness of, culture in India 
C) commit minimum resources for international ventures because of the currency risk involved 
D) cut down on employees' cross-cultural training to save capital to open a firm in India

Question 7

Geographic area structure is an organizational design in which management and control are decentralized to the level of individual geographic regions.

Accepted Answer

A) True 
 B)False

Question 8

Global strategy is an approach to internationalization in which headquarters delegates considerable autonomy to each country manager, allowing him or her to operate independently and pursue local responsiveness.

Accepted Answer

A) True 
 B)False

Question 9

Global integration is the coordination of the firm's value-chain activities across multiple countries to achieve worldwide efficiency, synergy, and ________ in order to take advantage of similarities between countries.

Accepted Answer

A) capability 
B) expertise 
C) cross-fertilization 
D) redundancy 
A) capability 
B) expertise 
C) cross-fertilization 
D) redundancy

Question 10

Organizational structure describes the reporting relationships inside the firm that specify the links between people, functions, and processes.

Accepted Answer

A) True 
 B)False

Question 11

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 12

In a multidomestic strategy, there is maximum pressure on headquarters staff because there is little incentive for decision making by individual managers.

Accepted Answer

A) True 
 B)False

Question 13

Describe four factors that might persuade a firm to become locally responsive in a nation where it conducts business.

Accepted Answer

∙Cater to local customer needs. Particul

Question 14

Which of the following is a disadvantage of a multidomestic strategy?

Accepted Answer

A) lack of opportunities to delegate tasks 
B) high pressure on headquarters staff 
C) inefficient manufacturing 
D) standardized products in culturally different markets 
A) lack of opportunities to delegate tasks 
B) high pressure on headquarters staff 
C) inefficient manufacturing 
D) standardized products in culturally different markets

Question 15

Discuss the advantages and implementation of a transnational strategy, and explain why this strategy is closely associated with a global matrix structure.

Accepted Answer

A transnational strategy is a coordinate

Question 16

In which of the following organizational structures does an employee at a foreign subsidiary report to both a local manager and a corporate manager?

Accepted Answer

A) global matrix structure 
B) functional structure 
C) home replication structure 
D) multidomestic structure 
A) global matrix structure 
B) functional structure 
C) home replication structure 
D) multidomestic structure

Question 17

Which of the following best characterizes the concept of global integration?

Accepted Answer

A) Effective global competition requires that products be specialized based on the market. 
B) Making adjustments for unique markets is an essential element of international business. 
C) Creating variations of the same product for different markets is an unnecessary expense. 
D) The differences in market-to-market distribution channels must be accommodated. 
A) Effective global competition requires that products be specialized based on the market. 
B) Making adjustments for unique markets is an essential element of international business. 
C) Creating variations of the same product for different markets is an unnecessary expense. 
D) The differences in market-to-market distribution channels must be accommodated.

Question 18

The home replication strategy is often employed as a means of extending a product's life cycle in a foreign market and to replicate home-market success.

Accepted Answer

A) True 
 B)False

Question 19

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 20

Which of the following is true about foreign units of a company using a multidomestic strategy?

Accepted Answer

A) They are centralized to ensure efficiency and learning. 
B) They are highly controlled by the company's headquarters. 
C) They are autonomous and operate independently. 
D) They pursue global integration. 
A) They are centralized to ensure efficiency and learning. 
B) They are highly controlled by the company's headquarters. 
C) They are autonomous and operate independently. 
D) They pursue global integration.

International division managers usually oversee ________.

Managing a firm's value-chain activities on a country-by-country basis to address diverse opportunities and risks is known as ________.

By standardizing international operations as much as possible, yet being adaptable to the needs of local markets, a firm is utilizing a transnational strategy of globalization.

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

Firms undertake global integration to seek cost reduction through scale economies.

GramTech Solutions is a software development firm based in the United States. The firm's CEO, David Ghaster, wants to open an outlet in India. Being a visionary leader, he would ________.

Geographic area structure is an organizational design in which management and control are decentralized to the level of individual geographic regions.

Global strategy is an approach to internationalization in which headquarters delegates considerable autonomy to each country manager, allowing him or her to operate independently and pursue local responsiveness.

Global integration is the coordination of the firm's value-chain activities across multiple countries to achieve worldwide efficiency, synergy, and ________ in order to take advantage of similarities between countries.

Organizational structure describes the reporting relationships inside the firm that specify the links between people, functions, and processes.

Which of the following characteristics should the winning candidate most likely possess if Ace executives desire a CEO with a global mind-set?

In a multidomestic strategy, there is maximum pressure on headquarters staff because there is little incentive for decision making by individual managers.

Describe four factors that might persuade a firm to become locally responsive in a nation where it conducts business.

Which of the following is a disadvantage of a multidomestic strategy?

Discuss the advantages and implementation of a transnational strategy, and explain why this strategy is closely associated with a global matrix structure.

In which of the following organizational structures does an employee at a foreign subsidiary report to both a local manager and a corporate manager?

Which of the following best characterizes the concept of global integration?

The home replication strategy is often employed as a means of extending a product's life cycle in a foreign market and to replicate home-market success.

Which of the following is true about global teams?

Which of the following is true about foreign units of a company using a multidomestic strategy?

Introduction: What Is International Business

Globalization of Markets and the Internationalization of the Firm

The Cultural Environment of International Business

Ethics, Corporate Social Responsibility, Sustainability and Corporate Governance

Theories of International Trade and Investment

Political and Legal Systems in National Environments

Government Intervention and Regional Economic Integration

Understanding Emerging Markets

The International Monetary and Financial Environment

Financial Management and Accounting in the Global Firm

Global Market Opportunity Assessment

Exporting and Global Sourcing

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Marketing in the Global Firm

Human Resource Management in the Global Firm

Filters

Exam 11: Strategy and Organization in the International Firm

International division managers usually oversee ________.

Managing a firm's value-chain activities on a country-by-country basis to address diverse opportunities and risks is known as ________.

By standardizing international operations as much as possible, yet being adaptable to the needs of local markets, a firm is utilizing a transnational strategy of globalization.

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

Firms undertake global integration to seek cost reduction through scale economies.

GramTech Solutions is a software development firm based in the United States. The firm's CEO, David Ghaster, wants to open an outlet in India. Being a visionary leader, he would ________.

Geographic area structure is an organizational design in which management and control are decentralized to the level of individual geographic regions.

Global strategy is an approach to internationalization in which headquarters delegates considerable autonomy to each country manager, allowing him or her to operate independently and pursue local responsiveness.

Global integration is the coordination of the firm's value-chain activities across multiple countries to achieve worldwide efficiency, synergy, and ________ in order to take advantage of similarities between countries.

Organizational structure describes the reporting relationships inside the firm that specify the links between people, functions, and processes.

Which of the following characteristics should the winning candidate most likely possess if Ace executives desire a CEO with a global mind-set?

In a multidomestic strategy, there is maximum pressure on headquarters staff because there is little incentive for decision making by individual managers.

Describe four factors that might persuade a firm to become locally responsive in a nation where it conducts business.

Which of the following is a disadvantage of a multidomestic strategy?

Discuss the advantages and implementation of a transnational strategy, and explain why this strategy is closely associated with a global matrix structure.

In which of the following organizational structures does an employee at a foreign subsidiary report to both a local manager and a corporate manager?

Which of the following best characterizes the concept of global integration?

The home replication strategy is often employed as a means of extending a product's life cycle in a foreign market and to replicate home-market success.

Which of the following is true about global teams?

Which of the following is true about foreign units of a company using a multidomestic strategy?

Introduction: What Is International Business

Globalization of Markets and the Internationalization of the Firm

The Cultural Environment of International Business

Ethics, Corporate Social Responsibility, Sustainability and Corporate Governance

Theories of International Trade and Investment

Political and Legal Systems in National Environments

Government Intervention and Regional Economic Integration

Understanding Emerging Markets

The International Monetary and Financial Environment

Financial Management and Accounting in the Global Firm

Global Market Opportunity Assessment

Exporting and Global Sourcing

Foreign Direct Investment and Collaborative Ventures

Licensing, Franchising, and Other Contractual Strategies

Marketing in the Global Firm

Human Resource Management in the Global Firm

Filters