GB exam 4

Question 1

Which of the following strategies is often known as “international strategy”?

Answer 1

Home replication

Question 2

Which strategy is organizationally complex and most difficult to implement?

Answer 2

Transnational

Question 3

Which of the following strategies has the lowest interdependence on knowledge management?

Answer 3

Localization

Question 4

In theory, a global matrix structure supports the goals of which of the following strategies?

Answer 4

Transnational

Question 5

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?

Answer 5

Micro-macro link

Question 6

Which strategy is also known as a multidomestic strategy?

Answer 6

Localization

Question 7

The coordination of responsibilities between product divisions and geographic areas is the hallmark of which of the following strategies?

Answer 7

Global matrix

Question 8

In which of the following strategies is knowledge mostly developed and retained at the center and key locations?

Answer 8

Global standardization

Question 9

Which element of knowledge management faces the common problem of employee turnover?

Answer 9

Knowledge retention

Question 10

Which element of knowledge management faces the common problem of “Not invented here” syndrome?

Answer 10

Knowledge inflow

Question 11

Which of the triple As refers to the ability to quickly react to unexpected shifts in supply and demand?

Answer 11

Agility

Question 12

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?

Answer 12

Promotion

Question 13

Which of the following refers to a neutral, third-party intermediary in the supply chain that provides logistics and other support services?

Answer 13

3PL

Question 14

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?

Answer 14

Adaptability

Question 15

Which of the triple As focuses on flexibility that can overcome short-term fluctuation in the supply chain?

Answer 15

Agility

Question 16

Which of the following is one of the triple As in supply chain management?

Answer 16

Alignment

Question 17

Critics of a sharing economy say that it can more appropriately be called what type of economy?

Answer 17

Servant

Question 18

Which of the following four Ps in the marketing mix includes the online marketplace?

Answer 18

Place

Question 19

The category of customers who are skeptical about whether global brands deliver higher quality goods are called _____.

Answer 19

antiglobals

Question 20

Technically, place in the four Ps of marketing is also often referred to as the _____.

Answer 20

distribution channel

Question 21

MNEs with which strategic orientation follow a geocentric staffing approach?

Answer 21

Transnational

Question 22

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 _____.

Answer 22

inpatriation

Question 23

Which approach emphasizes the norms and practices of the parent company relying on parent-country nationals?

Answer 23

Ethnocentric

Question 24

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?

Answer 24

Global standardization

Question 25

A compensation approach that pays expatriates the prevailing rate for comparable positions in a host country is called what approach?

Answer 25

Going rate

Question 26

Which of the following countries is leading the world in managerial compensation?

Answer 26

United States

Question 27

Disregarding nationality, which approach focuses on finding the most suitable managers, who can be PCNs, HCNs, or TCNs?

Answer 27

Geocentric

Question 28

Which of the following is an advantage of using the balance sheet approach of compensation?

Answer 28

It creates less fluctuation between overseas and parent country pay during repatriation.

Question 29

Non-native employees who work and reside in a foreign country are known as _____.

Answer 29

expatriates

Question 30

Which of the following is an advantage of hiring parent-country nationals?

Answer 30

Facilitates control and coordination by headquarters

Question 31

Which of the following are often labeled independent directors?

Answer 31

Outside directors

Question 32

A loan issued by the firm is called a(n) _____.

Answer 32

bond

Question 33

Equity capital invested in non-public companies is called _____.

Answer 33

private equity

Question 34

In an agency relationship, a person who delegates authority is called a(n) _____.

Answer 34

principal

Question 35

Corporations in what region are generally bank-oriented, network-based systems?

Answer 35

Continental Europe

Question 36

The vast majority of large firms throughout Europe, Asia, Latin America, and Africa feature what type of ownership?

Answer 36

Concentrated family

Question 37

Private equity is primarily invested through _____.

Answer 37

leveraged buyouts

Question 38

A form of corporate theft that diverts resources from the firm for personal or family use is called _____.

Answer 38

tunneling

Question 39

Which of the following terms refers to a loan that the firm needs to pay back at a given time with interest?

Answer 39

Debt

Question 40

Which of the following terms refers to the stock in a firm (usually expressed in shares), which represents the owners’ rights?

Answer 40

Equity