Quiz: IB-Lec-3


IB-Lec-3Online version IB-Lec-3 by joseph hanany 1 Which of the following transactions refers to the sale of goods or services produced by a company based in one country to customers that reside in a different country? a importing b countertrading c exporting d freight forwarding 2 ________ are among the fastest-growing economic activities in the world. a Global manufacturing and supply-chain management b Accounting and taxation c Finance and human resources d Exporting and importing 3 Which of the following is NOT an example of a service export a a management firm providing advice to a foreign client b an investment bank arranging financing for a foreign firm c a coffee chain opening a new store in a foreign country d an engineering firm building roads in a foreign country 4 This spring break you are planning to leave the United States and visit London, where you will stay in a hotel for 10 days. The London hotel will be performing a(n) ________. a indirect merchandise export b merchandise export c service export d service import 5 Companies are likely to export products abroad in all of the following situations EXCEPT ________. a when their average cost per unit of home country production declines substantially by increasing output b when they want to use the riskiest but most profitable method to engage international trade c when they aim to increase degree of market diversification d when they are new to international business 6 Boyce Dynamics, a U.S. maker of LED flashlights, fills unsolicited orders from foreign buyers. It has not proactively investigated international trade options. Boyce Dynamics is best categorized as a ________. a regular exporter b non-exporter c sporadic exporter d domestic exporter 7 Coca-Cola collaborates extensively abroad, but it refuses collaboration that might imperil control of its core competency. As a result, which of the following is NOT one of its international collaborative forms? a sharing ownership in the production of its secret formula concentrate b using franchisers to bottle, sell, and deliver Coke beverages c licensing Coke's trademark for use on products in which it lacks skills d forming joint ventures with companies that provide supplies for Coke products 8 A company that makes a foreign investment largely to acquire knowledge is most likely to use ________ as a means of expansion. a a greenfield investment b internalization c an acquisition d a licensing agreement 9 A greenfield investment is another name for a company's decision to ________. a acquire an interest in an existing foreign operation b implement sustainable marketing practices c construct a new facility in a foreign market d build a facility for a local company 10 Wholly owned operations abroad inhibit a company's ability to pursue a global strategy. a TRUE b FALSE 11 Governments sometimes prohibit foreign acquisitions because they fear market dominance by foreign enterprises. a TRUE b FALSE 12 Collaborative agreements allow companies to specialize more in those activities that best fit their competencies. a TRUE b False 13 The more a company engages in collaborative agreements, the more it loses control over decisions and their implementation. a TRUE b FAlSE 14 Judson Baked Goods, a U.S. firm, grants the use of its trademark to a company in Sweden and provides the Swedish company with operational assistance on a continuing basis. Judson is most likely involved in ________. a a management contract b franchising c offshoring d appropriability 15 Metro Hotels, a U.S. hotel chain, has transferred several of its employees to Myanmar where they will work for three or four years before returning to the United States. The employees will be working with a Myanmar hotel to provide it with their extensive knowledge regarding how to run a hotel. Metro is most likely involved in a ________. a franchise b turnkey operation c joint venture d management contract 16 What is an international joint venture? a an international agreement between two or more companies to have access to each other's patents b the ownership of a company by two or more companies, of which at least one is a foreign company where the venture is located c an international agreement between two or more firms for the use of a trademark d an agreement between two or more organizations to share management expertise 17 A turnkey operation is a contract for the construction of an operating facility for a fee. a TRUE b FALSE 18 The use of management contracts has been significant in hotel operations. a TRUE b FALSE 19 Turnkey projects generally differ from other forms of international business in that a they tend to be smaller b customers are more likely private companies c they are more often located in remote areas d they depend almost entirely on acquisitions rather than greenfield operations 20 Tom, a manager at an MNE, has been given the task of identifying a pool of companies with which the firm might form collaborative arrangements. Which of the following activities would be LEAST useful for Tom? a attending technical conferences b monitoring industry journals c attending trade fairs d constructing turnkey facilities

1

Which of the following transactions refers to the sale of goods or services produced by a company based in one country to customers that reside in a different country?

a

importing

b

countertrading

c

exporting

d

freight forwarding

2

________ are among the fastest-growing economic activities in the world.

a

Global manufacturing and supply-chain management

b

Accounting and taxation

c

Finance and human resources

d

Exporting and importing

3

Which of the following is NOT an example of a service export

a

a management firm providing advice to a foreign client

b

an investment bank arranging financing for a foreign firm

c

a coffee chain opening a new store in a foreign country

d

an engineering firm building roads in a foreign country

4

This spring break you are planning to leave the United States and visit London, where you will stay in a hotel for 10 days. The London hotel will be performing a(n) ________.

a

indirect merchandise export

b

merchandise export

c

service export

d

service import

5

Companies are likely to export products abroad in all of the following situations EXCEPT ________.

a

when their average cost per unit of home country production declines substantially by increasing output

b

when they want to use the riskiest but most profitable method to engage international trade

c

when they aim to increase degree of market diversification

d

when they are new to international business

6

Boyce Dynamics, a U.S. maker of LED flashlights, fills unsolicited orders from foreign buyers. It has not proactively investigated international trade options. Boyce Dynamics is best categorized as a ________.

a

regular exporter

b

non-exporter

c

sporadic exporter

d

domestic exporter

7

Coca-Cola collaborates extensively abroad, but it refuses collaboration that might imperil control of its core competency. As a result, which of the following is NOT one of its international collaborative forms?

a

sharing ownership in the production of its secret formula concentrate

b

using franchisers to bottle, sell, and deliver Coke beverages

c

licensing Coke's trademark for use on products in which it lacks skills

d

forming joint ventures with companies that provide supplies for Coke products

8

A company that makes a foreign investment largely to acquire knowledge is most likely to use ________ as a means of expansion.

a

a greenfield investment

b

internalization

c

an acquisition

d

a licensing agreement

9

A greenfield investment is another name for a company's decision to ________.

a

acquire an interest in an existing foreign operation

b

implement sustainable marketing practices

c

construct a new facility in a foreign market

d

build a facility for a local company

10

Wholly owned operations abroad inhibit a company's ability to pursue a global strategy.

a

TRUE

b

FALSE

11

Governments sometimes prohibit foreign acquisitions because they fear market dominance by foreign enterprises.

a

TRUE

b

FALSE

12

Collaborative agreements allow companies to specialize more in those activities that best fit their competencies.

a

TRUE

b

False

13

The more a company engages in collaborative agreements, the more it loses control over decisions and their implementation.

a

TRUE

b

FAlSE

14

Judson Baked Goods, a U.S. firm, grants the use of its trademark to a company in Sweden and provides the Swedish company with operational assistance on a continuing basis. Judson is most likely involved in ________.

a

a management contract

b

franchising

c

offshoring

d

appropriability

15

Metro Hotels, a U.S. hotel chain, has transferred several of its employees to Myanmar where they will work for three or four years before returning to the United States. The employees will be working with a Myanmar hotel to provide it with their extensive knowledge regarding how to run a hotel. Metro is most likely involved in a ________.

a

franchise

b

turnkey operation

c

joint venture

d

management contract

16

What is an international joint venture?

a

an international agreement between two or more companies to have access to each other's patents

b

the ownership of a company by two or more companies, of which at least one is a foreign company where the venture is located

c

an international agreement between two or more firms for the use of a trademark

d

an agreement between two or more organizations to share management expertise

17

A turnkey operation is a contract for the construction of an operating facility for a fee.

a

TRUE

b

FALSE

18

The use of management contracts has been significant in hotel operations.

a

TRUE

b

FALSE

19

Turnkey projects generally differ from other forms of international business in that

a

they tend to be smaller

b

customers are more likely private companies

c

they are more often located in remote areas

d

they depend almost entirely on acquisitions rather than greenfield operations

20

Tom, a manager at an MNE, has been given the task of identifying a pool of companies with which the firm might form collaborative arrangements. Which of the following activities would be LEAST useful for Tom?

a

attending technical conferences

b

monitoring industry journals

c

attending trade fairs

d

constructing turnkey facilities

You can integrate the game into an LMS compatible with LTI 1.1 or LTI 1.3 such as Canvas, Moodle, or Blackboard. This way, the scores will be automatically saved into the platform’s gradebook.

IB-Lec-3

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IB-Lec-3Online version

by joseph hanany

Which of the following transactions refers to the sale of goods or services produced by a company based in one country to customers that reside in a different country?

________ are among the fastest-growing economic activities in the world.

Which of the following is NOT an example of a service export

This spring break you are planning to leave the United States and visit London, where you will stay in a hotel for 10 days. The London hotel will be performing a(n) ________.

Companies are likely to export products abroad in all of the following situations EXCEPT ________.

Boyce Dynamics, a U.S. maker of LED flashlights, fills unsolicited orders from foreign buyers. It has not proactively investigated international trade options. Boyce Dynamics is best categorized as a ________.

Coca-Cola collaborates extensively abroad, but it refuses collaboration that might imperil control of its core competency. As a result, which of the following is NOT one of its international collaborative forms?

A company that makes a foreign investment largely to acquire knowledge is most likely to use ________ as a means of expansion.

A greenfield investment is another name for a company's decision to ________.

Wholly owned operations abroad inhibit a company's ability to pursue a global strategy.

Governments sometimes prohibit foreign acquisitions because they fear market dominance by foreign enterprises.

Collaborative agreements allow companies to specialize more in those activities that best fit their competencies.

The more a company engages in collaborative agreements, the more it loses control over decisions and their implementation.

Judson Baked Goods, a U.S. firm, grants the use of its trademark to a company in Sweden and provides the Swedish company with operational assistance on a continuing basis. Judson is most likely involved in ________.

What is an international joint venture?

A turnkey operation is a contract for the construction of an operating facility for a fee.

The use of management contracts has been significant in hotel operations.

Turnkey projects generally differ from other forms of international business in that

Tom, a manager at an MNE, has been given the task of identifying a pool of companies with which the firm might form collaborative arrangements. Which of the following activities would be LEAST useful for Tom?

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