International MANAGEMENTWEEK-8 “FINAL EXAM” Get Instant Assignment Help With Us – Assignments Online | assignmentsonline.org
International MANAGEMENTWEEK-8 “FINAL EXAM” Get Instant Assignment Help With Us – Assignments Online | assignmentsonline.org
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QUESTION 1
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There are three types of economic integration, namely: global, regional, and local.
True
False
4 points
QUESTION 2
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Purchasing power parity is the price of one currency in terms of another.
True
False
4 points
QUESTION 3
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When the United States sells products to China, US exporters often demand that they be paid in the Chinese yuan.
True
False
4 points
QUESTION 4
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Three EU members—Britain, Denmark and Sweden—do not use the euro as their currency.
True
False
4 points
QUESTION 6
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Which of the following is NOT an advantage of a strong US dollar?
US consumers benefit from low prices on imports.
US tourists benefit from lower prices when traveling abroad.
Lower prices on foreign goods help keep US prices level and inflation low.
US firms in import-competing industries face more low-cost imports.
4 points
QUESTION 7
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Which does “ASEAN” stand for?
Assembly of Southeast Asian Nations
Assembly of South American Nations
Association of Southeast Asian Nations
Association of South American Nations
4 points
QUESTION 8
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In the trade relationship with China, why is the US dollar in more demand than the Chinese yuan?
More people demand the yuan domestically in China, so it is not used for imports and exports.
The dollar is the common transaction currency between the two countries.
The yuan is pegged to the US dollar.
Formal institutions and regulations demand the trade be conducted in the dollar.
4 points
QUESTION 9
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Why was the US dollar chosen as the currency to which other currencies would be pegged?
The US had high levels of productivity.
The US was experiencing a large trade surplus.
The US contributed approximately 70% of the global GDP.
All of these answers
4 points
QUESTION 10
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Non-MNE firms can also do business abroad by:
Licensing and franchising
Outsourcing and engaging in FDI
Exporting and importing
All of these answers
4 points
QUESTION 11
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The motto of international business is location, location, location.
True
False
4 points
QUESTION 12
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Owners, managers, and employees at entrepreneurial firms tend to be more innovative and take more risks than those at large firms.
True
False
4 points
Sometimes foreign firms are discriminated against:
Formally |
||
Informally |
||
Randomly |
||
Both formally and informally |
4 points
QUESTION 15
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First-mover advantages include:
Opportunity to free ride on first-mover investments
Resolution of technological and market uncertainties
Difficulty to adapt to market changes
Avoidance of a clash with dominant firms at home
4 points
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QUESTION 16
Which item is not a late-mover advantage?
Avoidance of a clash with a dominant firm at home
Opportunity to free ride on first mover investments
Resolution of technological and market uncertainty
First mover’s difficulty to adapt to market changes
4 points
QUESTION 17
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Licensing/franchising agreements refer to:
Outsourcing agreements in R&D firms
A new corporate entity given birth to and jointly owned by two or more companies
Efforts among a number of firms to jointly market their products and services
The licensor/franchiser selling the rights to intellectual property
4 points
QUESTION 18
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____ perform an important “middleman” function by linking sellers and buyers overseas.
Export intermediaries
Indirect exporters
Sporadic exporters
Alliance partners
4 points
QUESTION 19
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Foreign firms crack new markets by:
Undertaking actions deemed legitimate and appropriate by governing institutions
Bribing government officials
Hiring locals to manage the new entity
Outsourcing production
4 points
QUESTION 20
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In a(n) ____, members coordinate and harmonize monetary, fiscal, and taxation policies.
Monetary union
Political union
Economic union
Custom union
4 points
QUESTION 21
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Non-native employees who work and reside in a foreign country are known as:
Host-country nationals
Expatriates
Multinationals
Repatriates
4 points
QUESTION 22
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___ is leading the world in managerial compensation.
United States
Britain
Japan
Germany
4 points
QUESTION 23
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In home replication strategy, knowledge flow is multidirectional, while in transnational strategy, it is one-way.
True
False
4 points
QUESTION 24
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The phrase “think global, act local” is a winning formula when it comes to leveraging multinational presence.
True
False
4 points
QUESTION 25
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Which of the following is NOT one of the four strategic choices for MNEs?
Localization
Global standardization
Home replication
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