Question 1

Which of the following theories suggests that firms seek to penetrate new markets over time?&#10;A)Imperfect Market Theory&#10;B)Product cycle theory&#10;C)Theory of Comparative Advantage&#10;D)None of the above

Accepted Answer

Product cycle theory suggests that firms seek to penetrate new markets over time as they move through the stages of innovation, growth, maturity, and decline of a product. This theory explains how products are introduced, grow, and then are replaced by new products, leading firms to seek new markets to sustain growth.

Question 2

Market in which currencies buy and sell and their prices settle on is called the&#10;A)International bond market&#10;B)International capital market&#10;C)Foreign exchange market&#10;D)Eurocurrency market

Accepted Answer

The foreign exchange market is where currencies are bought and sold, and their prices are determined. It's a global decentralized or over-the-counter market for trading currencies.

Question 3

___ Companies are registered in one country, doing business in others.&#10;A)Transnational&#10;B)Multinational&#10;C)Off-shore&#10;D)International

Accepted Answer

Off-shore&#10;

Question 4

The difference between interest rates in Russia and Switzerland stands for about ___ per annum.&#10;A)10%&#10;B)5%&#10;C)28%&#10;D)40%

Accepted Answer

The answer of The difference between interest rates in Russia...

Question 5

It refers to the assumptions, values, and practices of people in the West and some elites in Non-Western cultures.&#10;A)Universal Culture&#10;B)Global culture&#10;C)Organizational culture&#10;D)All of the above

Accepted Answer

Universal Culture refers to the shared beliefs, values, and practices that are considered to be universal across different cultures, often influenced by Western norms and values. This term captures the essence of the description provided.

Question 6

___ means the high adaptation of managerial practices to a given culture, and, therefore, high effectiveness.&#10;A)Fitness for use&#10;B)High fit&#10;C)Fit and Fine&#10;D)Substitution

Accepted Answer

High fit refers to the adaptation of managerial practices to the specific culture where they are applied, leading to higher effectiveness in those settings.

Question 7

Erez and Gati proposed that the general model of multi-level analysis could be adopted for understanding the dynamics of ___.&#10;A)Culture&#10;B)Cultural Change&#10;C)Multi-Level analysis&#10;D)Both a and b

Accepted Answer

Erez and Gati proposed that the general model of multi-level analysis could be adopted for understanding the dynamics of culture and cultural change, indicating both A and B are correct.

Question 8

State whether it is true or not: &#34;Around the World, wherever you are, get what you want-fast from our family of Web sites.&#34;&#10;A)False&#10;B)True&#10;C)Incomplete&#10;D)Cannot say

Accepted Answer

The statement is a slogan for a company that provides online shopping services. It is true that the company can deliver products to customers around the world.

Question 9

___ has become a world-leading marketer of toys.&#10;A)California&#10;B)UAE&#10;C)Japan&#10;D)China

Accepted Answer

The answer of ___ has become a world-leading marketer of...

Question 10

The main benefits for industrial countries would come from the liberalization of their ___ market.&#10;A)Mine&#10;B)Agriculture&#10;C)Domestic&#10;D)National

Accepted Answer

The main benefits for industrial countries from liberalization are often cited in the context of agriculture. This is because many industrial countries maintain significant barriers and subsidies in the agricultural sector, which distort global markets. Liberalizing these markets would not only benefit the countries themselves through increased efficiency and potentially lower food prices but also have positive effects on global trade and developing countries that are competitive in agricultural products.

Question 11

The non-tariff barriers are:&#10;A)Product standards&#10;B)Proliferation&#10;C)Both a and b&#10;D)Product adaptation

Accepted Answer

The answer of The non-tariff barriers are:&#10;A)Product standards&#10;B)Proliferation&#10;C)Both a and...

Question 12

What does Milton Friedman believe to be the sole responsibility of business?&#10;A)The only social responsibility of business is to its shareholders&#10;B)Managers should act in ways that balance the interest of society and shareholders&#10;C)The primary responsibility organizations have is to its employees&#10;D)The primary responsibility organizations have is to its stakeholder

Accepted Answer

The answer of What does Milton Friedman believe to be...

Question 13

What is the enlightened self-interest model of CSR?&#10;A)That it is in an organization's own best interest to put itself first rather than its ethics&#10;B)That it is in an organization's best interest to consider what a shareholder would want&#10;C)That it is in an organization's own best interest to act in an ethical way&#10;D)That it is in an organization's own best interest to follow the legislation and abide by the law.

Accepted Answer

The answer of What is the enlightened self-interest model of...

Question 14

What does the importance of ethical behaviour, integrity and trust call into question?&#10;A)The extent to which managers should attempt to change the underlying beliefs and values of individual followers&#10;B)Who does what&#10;C)What we do next&#10;D)None of these

Accepted Answer

The answer of What does the importance of ethical behaviour,...

Question 15

Which of the following would most effectively act as the primary objective of a business organisation?&#10;A)To make a profit&#10;B)To procure resources&#10;C)To communicate with shareholders&#10;D)To mediate between the organisation and the environment

Accepted Answer

The answer of Which of the following would most effectively...

Deck 1: International Trade and Corporate Social Responsibility