Deck 5: Country Competitiveness

Question 1

_______________ can be defined as all forms of conscious and coordinated government interventions to promote industrial development

A) Industrial policies
B) Corporate policies
C) Governmental policies
D) All of the above

Answer 1

D

Question 2

_______determinants are people or human resources that affect country competitiveness.

A) Individual-level
B) Country-level
C) Competitive
D) Industry-level

Answer 2

A

Question 3

______ is the extent to which a country is capable of generating more wealth than its competitors.

A) Productivity
B) International trade
C) Country competitiveness
D) Country advantage

Answer 3

C

Question 4

The performance of Korea"s Electronics sector can be measured in

A) Efficiency
B) Innovativeness
C) Quality of goods and services
D) All the above

Question 5

Silicon Valley in California is an example of a ________, in reference to the computer industry.

A) Cluster
B) Pit
C) Void
D) Planning mistake

Question 6

If a country had a competitive advantage in the Automotive industry it would have one of the following conditions:

A) Factor and demand conditions
B) Related and supporting industries
C) Rivalry and business practices
D) All the above

Question 7

Since the United States economy is linked to the world,s economy through the flow of resources, goods, services, etc. It is said to be very_________________.

A) Closed
B) Open
C) Stable
D) None of the above

Question 8

A country,s currency is Overvalued when its price level____________income level.

A) Is lower then its
B) Exceeds its
C) Is even with
D) None of the above

Question 9

Investment, consumption, real income level, and Infrastructure Development are elements of _____________________

A) Economic constraints
B) Global influence
C) Economic stability
D) Economic soundness

Question 10

When a country is equipped with all the economic prerequisites for sustainable economic growth it is said to have______________________.

A) Absolute power
B) Global influence
C) Economic stability
D) Economic soundness

Question 11

__________________________ is the key to enhancing country competitiveness

A) Keeping production constant
B) Increasing productivity
C) Decreasing competitiveness
D) Reengineering

Question 12

The Value of one unit of output produced by a unit of Labor or Capital is known as

A) productivity.
B) worker satisfaction.
C) buying power.
D) selling power.

Question 13

Singapore,s Hard Drive Industry is an example of

A) country competitiveness.
B) corporate competitiveness.
C) strategic location.
D) organized workforce.

Question 14

Country levels fundamentals include

A) science, education, innovation.
B) economic soundness.
C) finance.
D) none of the above.

Question 15

Economic Growth and stability cannot be sustained without

A) political/social stability.
B) sound legal system.
C) macro economic conditions.
D) all of the above.

Question 16

Government plays (a/an) __________________ role in shaping country competitiveness.

A) unimportant
B) important
C) negative
D) none of the above

Question 17

_________________ can be defined as all forms of conscious and coordinated government interventions to promote industrial development.

A) Imports policies
B) Exports policies
C) Industrial policies
D) Production policies

Question 18

Individual-level determinates include which of the following?

A) entrepreneurs
B) designers and engineers
C) all of the above
D) none of the above

Question 19

The central force improving country competitiveness is _______.

A) business development
B) finance
C) technology
D) productivity

Question 20

Country competitiveness affects an MNE,s _____.

A) location selection and industry selection
B) location selection
C) location selections and industry selection
D) industry selection

Question 21

______ is the secret to retaining competitive advantage.

A) Educational managers
B) Employee loyalty
C) Technological progress
D) One single innovation

Question 22

What are the distinctive differences between country-level, industry-level, firm-level, and individual level?

A) Country-level and industry-level determinants together provide a context for improving country competitiveness.
B) Firm-level and individual-level determinants are direct "hands" in creating and improving their competitiveness.
C) Country-level and industry-level determinants together provide a context for improving the firm-level and individual-level competitiveness.
D) only A and B

Question 23

Individual-level determinants of country competitiveness include

A) entrepreneurs and workers.
B) managers and engineers.
C) politicians and educators.
D) all of the above.

Question 24

_________________ reflects the level of barriers that foreign goods, capital, services, and other inputs of production are confronted with when moving into the focal country

A) Trade
B) Openness
C) National protectionism
D) None of the above

Question 25

A country,s _____________ refers to the extent to which its national economy is linked to world economy,s through the flow of resources, goods, services, people, technologies, information, and capital.

A) trade
B) openness
C) closeness
D) none of the above

Question 26

____________ concerns the extent to which a country,s home currency is valued or priced properly to reflect the situation of market supply and demand pertaining to this currency.

A) Interest rate
B) Currency valuation
C) Short-term financing
D) Long-term financing

Question 27

"Real" means that

A) inflation has been subtracted from this indicator.
B) inflation has been added to this indicator.
C) recession has been subtracted from this indicator.
D) recession has been added to this indicator.

Question 28

Specific elements of economic soundness include

A) investment and consumption.
B) real income level.
C) economic sectors, performance and infrastructure development.
D) all of the above.

Question 29

____________ can be defined as the extent to which an economy has been equipped with all the economic prerequisites for sustained economic growth.

A) Micro economics
B) Macro economics
C) Economic soundness
D) None of the above

Question 30

Apart from commercialization, ___________ innovation can also be improved by adopting and assimilating technology from foreign countries.

A) financial
B) technological
C) accounting
D) none of the above

Question 31

Which of the following is NOT an impact of country competitiveness?

A) Country competitiveness affects an MNE,s selection of its domestic operations location.
B) Country competitiveness affects an MNE,s industry selection.
C) Country competitiveness affects an MNE,s innovation and capability building.
D) Country competitiveness affects an MNE,s global strategy.

Question 32

Productivity is

A) the ratio of labor to sales as to how sales were generated based on resources used.
B) the ratio of number of hours worked per employee.
C) the value of the output produced by a unit of labor or capital.
D) none of the above

Question 33

__________________ is the extent to which a country is capable of generating more wealth than its competitors do in world markets.

A) Country competitivenes
B) Company competitiveness
C) Market competitiveness
D) None of the above

Question 34

Government can impact country competitiveness at virtually _______ multi-level determinants.

A) no
B) some
C) most
D) all

Question 35

__________is a tool for international managers to appraise a country,s competitive advantage.

A) "Square framework"
B) "Internationalization"
C) "Diamond framework"
D) "Industrial framework"

Question 36

________is the extent to which a country participates in international trade and investment

A) Investment
B) Internationalization
C) Economic soundness
D) Competitive advantage

Question 37

Which of the following is not an example of economic soundness?

A) Investment
B) Projected income level
C) Infrastructure development
D) Real income level

Question 38

Which is not an example of country-level fundamentals?

A) science, education, and innovation
B) economic soundness
C) finance
D) low inflation

Question 39

All of the following are specific elements of economic soundness except

A) investment.
B) consumption.
C) interest rates.
D) infrastructure development.

Question 40

The extent to which an economy has been equipped with all the economic prerequisites for sustained economic growth describes

A) economic ability.
B) economic soundness.
C) economic potential.
D) none of the above.

Question 41

Which of these differences contribute to competitive success?

A) culture
B) economic structures
C) institutions
D) all of the above

Question 42

If a country has a high degree of competitiveness, it has a high degree of internationalization of that economy.

Question 43

Weak banking systems are often a result of instability.

Question 44

Economic stability is reflected in a high rate of inflation.

Question 45

Countries with underdeveloped commercialization systems have a low competition rate with other countries.

Question 46

An open country has a flow that is both an inflow and outflow.

Question 47

The four-level determinants of culture are isolated form each other.

Question 48

The government is not an impacting force on country competitiveness.

Question 49

The goal of industrial policies is to promote industrial growth.

Question 50

Governments do not play an important role in effecting country competitiveness.

Question 51

Human resources affect country competitiveness in such a way that they determine a country"s expertise, creativity and efficiency.

Question 52

Entrepreneurs do not involve themselves in high risk.

Question 53

Technologies and organizing principles are two firm-level fundamentals.

Question 54

Country-level determents do not include finance or internationalization.

Question 55

The high growth of Chinese Economy in the 1990s was supported significantly by its infrastructure improvement.

Question 56

Generally economic stability is reflected in a high rate of inflation.

Question 57

A country should promote science and education to build and maintain a strong record of innovation.

Question 58

Domestic rivalries do not exert pressure companies to innovate or improve.

Question 59

An analytical tool for international managers to appraise a country,s competitive advantage is called the "diamond framework."

Question 60

Technology does not create country competitiveness.

Question 61

The management practices in Germany have no relevance to the United States competitiveness in the software industry.

Question 62

____________________is the extent to which a country is capable of generating more wealth than its competitors do in world markets.

A) Global reserve
B) Globalization
C) Country competitiveness
D) Marketing

Question 63

A country,s openness refers to the extent to which its national economy is linked to world economies through the flow of resources, goods, services, people, technologies, information, and capital.

Question 64

Internationalization associated with country competitiveness refers to the extent to which the country participates in international trade and investment.

Question 65

Currency valuation concerns the extent to which a country,s home currency is valued or priced properly to reflect the situation of market supply and demand pertaining to this currency.

Question 66

"Real" means that inflation has been added to this indicator.

Question 67

The country-level fundamentals include

Question 68

Country competitiveness is the same as country comparative advantages.

Question 69

Productivity is the value of the output produced by a unit of labor or capital.

Question 70

Once Japan as a nation is competitive, it no longer needs to upgrade technological skills and organized approaches to dealing with the world.

Question 71

It is possible for every industry in a country to be competitive

Question 72

A country,s competitiveness stems from its products and services that are produced by the country,s firms.

Question 73

The development levels of the basic infrastructures (utility, energy, and transportation) in Africa affect production and business operations.

Question 74

Land, labor, and natural resources are all production factors.

Question 75

A country with international advantage is superior in all industry sectors within the country.

Question 76

Productivity is the main source for figuring out a nation,s per capita income.

Question 77

According to conventional wisdom of comparative advantage, a nation MUST possess an abundance of labor, capital, and/or cheap raw resources to have a high national competitiveness.

Question 78

If the Japanese companies were not competitive, Japan still would be competitive on the world market.

Question 79

The level of productivity depends on quality and features of products and services and the efficiency they are produced and provided.