GB exam 4 Flashcards
Which of the following strategies is often known as “international strategy”?
Home replication
Which strategy is organizationally complex and most difficult to implement?
Transnational
Which of the following strategies has the lowest interdependence on knowledge management?
Localization
In theory, a global matrix structure supports the goals of which of the following strategies?
Transnational
Which of the following is defined as the informal interpersonal relationships among managers of different units that may greatly facilitate intersubsidiary cooperation among various units?
Micro-macro link
Which strategy is also known as a multidomestic strategy?
Localization
The coordination of responsibilities between product divisions and geographic areas is the hallmark of which of the following strategies?
Global matrix
In which of the following strategies is knowledge mostly developed and retained at the center and key locations?
Global standardization
Which element of knowledge management faces the common problem of employee turnover?
Knowledge retention
Which element of knowledge management faces the common problem of “Not invented here” syndrome?
Knowledge inflow
Which of the triple As refers to the ability to quickly react to unexpected shifts in supply and demand?
Agility
Which of the following four Ps of marketing includes TV, radio, print, and online advertising, as well as coupons, direct mail, billboards, direct marketing, and public relations?
Promotion
Which of the following refers to a neutral, third-party intermediary in the supply chain that provides logistics and other support services?
3PL
Which of the triple As requires firms to continuously monitor major geopolitical, social, and technological trends in the world, and reconfigure the supply chain accordingly?
Adaptability
Which of the triple As focuses on flexibility that can overcome short-term fluctuation in the supply chain?
Agility
Which of the following is one of the triple As in supply chain management?
Alignment
Critics of a sharing economy say that it can more appropriately be called what type of economy?
Servant
Which of the following four Ps in the marketing mix includes the online marketplace?
Place
The category of customers who are skeptical about whether global brands deliver higher quality goods are called _____.
antiglobals
Technically, place in the four Ps of marketing is also often referred to as the _____.
distribution channel
MNEs with which strategic orientation follow a geocentric staffing approach?
Transnational
Relocating employees of a foreign subsidiary to the MNE’s headquarters for the purposes of filling skill shortages at headquarters and developing a global mindset for such employees is called _____.
inpatriation
Which approach emphasizes the norms and practices of the parent company relying on parent-country nationals?
Ethnocentric
An MNE following what type of strategy is more likely to hire a mix of parent-, host-, and third-country nationals as managers in their local subsidiary?
Global standardization
A compensation approach that pays expatriates the prevailing rate for comparable positions in a host country is called what approach?
Going rate
Which of the following countries is leading the world in managerial compensation?
United States
Disregarding nationality, which approach focuses on finding the most suitable managers, who can be PCNs, HCNs, or TCNs?
Geocentric
Which of the following is an advantage of using the balance sheet approach of compensation?
It creates less fluctuation between overseas and parent country pay during repatriation.
Non-native employees who work and reside in a foreign country are known as _____.
expatriates
Which of the following is an advantage of hiring parent-country nationals?
Facilitates control and coordination by headquarters
Which of the following are often labeled independent directors?
Outside directors
A loan issued by the firm is called a(n) _____.
bond
Equity capital invested in non-public companies is called _____.
private equity
In an agency relationship, a person who delegates authority is called a(n) _____.
principal
Corporations in what region are generally bank-oriented, network-based systems?
Continental Europe
The vast majority of large firms throughout Europe, Asia, Latin America, and Africa feature what type of ownership?
Concentrated family
Private equity is primarily invested through _____.
leveraged buyouts
A form of corporate theft that diverts resources from the firm for personal or family use is called _____.
tunneling
Which of the following terms refers to a loan that the firm needs to pay back at a given time with interest?
Debt
Which of the following terms refers to the stock in a firm (usually expressed in shares), which represents the owners’ rights?
Equity
