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Lec 7,8&9

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joseph hanany

Netherlands

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IB MCQOnline version Lec 7,8&9 by joseph hanany 1 Which of the following is NOT a key stakeholder group that a company must work to satisfy in order to survive in a global environment? a employees b competitors c shareholders d customers 2 Which stakeholder group primarily wants additional sales and increased productivity? a customers b shareholders c society at large d government 3 Which of the following is one of the primary business objectives for pursuing ethical behavior? a avoiding industrial sanctions b developing competitive advantages c developing creative advertisements d discouraging false commitments to the firm 4 Bantam Enterprises, a multinational enterprise, makes significant efforts to avoid being perceived as socially irresponsible. What is the most likely reason for this? a Social irresponsibility can lead to labor strikes by international unions. b ) Socially irresponsible companies usually have fewer exports and more imports. c Cultural barriers increase for companies that are socially irresponsible, which hinders expansion into additional countries. d Social irresponsibility can lead to negative publicity from nongovernmental organizations, which could hurt a company's reputation. 5 Historically, managers built organizations by focusing on the boxes and lines of a(n) ________ structure. a formal b innovative c collaborative d flexible 6 Organization ________ refers to the formal arrangement of roles, responsibilities, and relationships within an organization. a structure b systems c culture d strategy 7 Johnson & Johnson distributes decision-making power among departments and divisions. This policy provides managers with a sense of ownership and control at the company. Johnson & Johnson is best described as a ________ organization. a vertical b centralized c horizontal d decentralized 8 Which of the following is the LEAST likely reason that global firms are shifting away from formal organizational structures? a advancements in communication systems b changes in managerial standards c opportunities in new markets d demands of stockholders 9 The ________ the level of the company at which managers make decisions, the more that organization is ________ a higher; decentralized b lower; centralized c higher; centralized d higher; unstructured 10 At Tyson Manufacturing, departments and units are organized around discrete business activities, such as finance, production, marketing, and human resources. Tyson most likely has a ________ structure. a network b matrix c functional d divisional 11 Decision making in a functional structure tends to be ________. a decentralized b centralized c horizontal d collaborative 12 A major benefit of the international division structure is ________. a outsourcing distribution and shipping tasks b responding quickly to foreign events c diversifying most product groups d hiring low-cost, local workers 13 Which of the following BEST describes a result of cultural collision in international business? a A company implements practices that are less effective than intended. b Local employees are overlooked for promotions by home country managers. c Expatriate managers rely too heavily on local employees for negotiating business deals. d Foreign and domestic companies make adjustments for the local culture and legal environment. 14 Which of the following is the MOST accurate statement about culture? a Cultural variables can easily be isolated from other factors such as economic and political conditions. b Although most cultural variables are universal, the forms these variables take differ from culture to culture. c Most cultural variables are superficial and can easily be influenced by environmental factors. d Within a culture, everyone responds to particular cultural variables the same way. 15 Which of the following is a common shortcoming of studies examining culture in different countries and regions? a Cultures are static, which leads researchers to draw false conclusions from old data. b It is impossible to compare countries because of differences in data. c Responses are reported in averages, which can lead to a belief in unrealistic stereotypes. d People are reluctant to complain about their own cultures, so they present only positive opinions to researchers. 16 All of the following countries have a totalitarian political system EXCEPT ________. a China b Russia c South Korea d Saudi Arabia 17 The principle that an individual has the freedom to pursue his or her interests is called ________. a socialism b totalitarianism c individualism d collectivism 18 In a country that emphasizes collectivism, ________. a the interests of the individual are more important than the interests of the state b one person or political party exercises absolute control over the political and economic systems c the needs of society and the needs of individuals are treated as equally important d the needs of society take precedence over individual freedoms Answer: D 19 Which of the following countries has a collectivist orientation? a Canada b Australia c Japan d Netherlands 20 In a practical sense, the term political system is meant to signify the ________. a organization of military power in a country b working government in a country c philosophical orientations in a country d cultural values in a country 21 ________ refers to a political system in which government is organized by and accountable to the people. a Totalitarianism b Fascism c Socialism d Democracy 22 Which of the following would most likely be used in a totalitarian system to promote unconditional support for the official ideology? a privately owned media outlets b a parliamentary system c state control of the education system d a representative legislative body 23 An economic system is the set of structures and processes that ________ in a country. a guides the allocation of resources and shapes the conduct of business activities b directs the movement of specific products to specific consumers c sets the standards of competitive success for companies in the economy d stipulates the roles and responsibilities of consumers 24 The Economic Freedom Index indicates that economic freedom is positively correlated with all of the following EXCEPT ________. a life expectancy b literacy c environmental sustainability d diversity 25 The recent global financial crisis has interrupted the trend of national economies ________. a rapidly adopting the command market model b steadily adopting the free market model c moving from the mixed to the command model d turning away from the mixed model 26 In a command economy, ________. a businesses and consumers are assumed to be the best judges of how resources should be allocated b the government sets goals and determines the price and quantity of what is produced c different economic sectors coordinate the activities of the federal government d each enterprise sets its goals before making reports to the central government 27 Taylor Enterprises wants to expand its operations into Asia. Managers are focusing on countries with high degrees of economic freedom most likely because the firm is interested in a country with ________. a minimal government intervention b standardized minimum wages c laws favoring sustainability d state-run corporations 28 Kyle, an international manager for Apex Industries, has been given the task of analyzing the economies of three different emerging countries for the firm's potential expansion. Which of the following questions is LEAST relevant to Kyle's assignment? a How much freedom will Apex have to run its foreign operations? b What are the current economic policies related to development? c What is the likelihood that Apex can fill manufacturing positions with locals? d What factors in the country drive or hinder economic change? 29 An economic system is the set of structures and processes that ________ in a country. a guides the allocation of resources and shapes the conduct of business activities b directs the movement of specific products to specific consumers c sets the standards of competitive success for companies in the economy d stipulates the roles and responsibilities of consumers 30 Taylor Enterprises wants to expand its operations into Asia. Managers are focusing on countries with high degrees of economic freedom most likely because the firm is interested in a country with ________. a minimal government intervention b standardized minimum wages c laws favoring sustainability d state-run corporations 31 Tatum Manufacturing recently opened a new facility in Hong Kong. The firm can most likely expect the Hong Kong government to ________. a monitor market prices b control natural resources c ensure fair competition d provide innovation incentives 32 Which of the following is NOT a characteristic of capitalism? a private ownership of assets b right to profit from individual effort c state control of factors of production d private control of investment

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IB MCQOnline version

by joseph hanany

Which of the following is NOT a key stakeholder group that a company must work to satisfy in order to survive in a global environment?

Which stakeholder group primarily wants additional sales and increased productivity?

Which of the following is one of the primary business objectives for pursuing ethical behavior?

Bantam Enterprises, a multinational enterprise, makes significant efforts to avoid being perceived as socially irresponsible. What is the most likely reason for this?

Historically, managers built organizations by focusing on the boxes and lines of a(n) ________ structure.

Organization ________ refers to the formal arrangement of roles, responsibilities, and relationships within an organization.

Johnson & Johnson distributes decision-making power among departments and divisions. This policy provides managers with a sense of ownership and control at the company. Johnson & Johnson is best described as a ________ organization.

Which of the following is the LEAST likely reason that global firms are shifting away from formal organizational structures?

The ________ the level of the company at which managers make decisions, the more that organization is ________

At Tyson Manufacturing, departments and units are organized around discrete business activities, such as finance, production, marketing, and human resources. Tyson most likely has a ________ structure.

Decision making in a functional structure tends to be ________.

A major benefit of the international division structure is ________.

Which of the following BEST describes a result of cultural collision in international business?

Which of the following is the MOST accurate statement about culture?

Which of the following is a common shortcoming of studies examining culture in different countries and regions?

All of the following countries have a totalitarian political system EXCEPT ________.

The principle that an individual has the freedom to pursue his or her interests is called ________.

In a country that emphasizes collectivism, ________.

Which of the following countries has a collectivist orientation?

In a practical sense, the term political system is meant to signify the ________.

________ refers to a political system in which government is organized by and accountable to the people.

Which of the following would most likely be used in a totalitarian system to promote unconditional support for the official ideology?

An economic system is the set of structures and processes that ________ in a country.

The Economic Freedom Index indicates that economic freedom is positively correlated with all of the following EXCEPT ________.

The recent global financial crisis has interrupted the trend of national economies ________.

In a command economy, ________.

Taylor Enterprises wants to expand its operations into Asia. Managers are focusing on countries with high degrees of economic freedom most likely because the firm is interested in a country with ________.

Kyle, an international manager for Apex Industries, has been given the task of analyzing the economies of three different emerging countries for the firm's potential expansion. Which of the following questions is LEAST relevant to Kyle's assignment?

An economic system is the set of structures and processes that ________ in a country.

Taylor Enterprises wants to expand its operations into Asia. Managers are focusing on countries with high degrees of economic freedom most likely because the firm is interested in a country with ________.

Tatum Manufacturing recently opened a new facility in Hong Kong. The firm can most likely expect the Hong Kong government to ________.

Which of the following is NOT a characteristic of capitalism?

The the level of the company at which managers make decisions, the more that organization is