Question 1

When countries build up national expertise in particular product or technology sectors, this is an example of what type of market driver:

Accepted Answer

Lead countries refer to those nations that advance in specific sectors or technologies, setting trends and standards that others may follow, thus driving markets in those areas.

Question 2

Corporate internationalization is usually measured by:

Accepted Answer

The answer of Corporate internationalization is usually measured by:
...

Question 3

Corporate globalization can be measured by:

Accepted Answer

The transnationality index is a comprehensive measure that considers international sales, foreign assets, and foreign employment relative to total sales, assets, and employment, respectively, to assess the extent of a corporation's globalization.

Question 4

Polycentric corporate cultures emphasize foreign market orientations in strategic decision-making and corporate attitudes

Accepted Answer

Polycentric corporate cultures indeed emphasize foreign market orientations by tailoring strategies and attitudes to fit the local contexts of the markets they operate in, rather than imposing a one-size-fits-all approach from the home country.

Question 5

When industry strategies call for no real integration of worldwide activities and definite needs to be locally responsive, firms would select a(n):

Accepted Answer

A multinational strategy is chosen by firms when there is no real need for integration of worldwide activities but a high need for local responsiveness. This strategy allows subsidiaries to develop, produce, and market products or services tailored to local markets.

Question 6

How far corporate boards reflect the global dispersion of corporate activities and the extent to which industry regulators are dealt with centrally or locally is what measure of corporate globalization:

Accepted Answer

Governance and responsibility reflect how corporate boards mirror the global dispersion of corporate activities and the approach to dealing with industry regulators, whether centrally or locally. This encompasses the oversight and strategic direction provided by boards in navigating global markets and regulatory environments.

Question 7

In arranging international finance for new operations, issuing equity (shares) locally makes new subsidiaries vulnerable to national shareholders and the fortunes of the local economy

Accepted Answer

Issuing equity locally ties a subsidiary's financial performance and decision-making to local shareholders, who may have interests aligned with the local economy's fortunes, making the subsidiary vulnerable to economic fluctuations and local investor demands.

Question 8

Which of the following is not a benefit of internationalization and globalization:

Accepted Answer

Internationalization and globalization primarily aim to leverage economies of scale, extend successful products and processes abroad, and acquire economies of scope. Diverting resources into foreign markets is not inherently a benefit but rather a potential cost or challenge associated with globalization.

Question 9

When corporate missions, visions and strategies are crafted with worldwide markets in mind is an example of which type of corporate globalization measure:

Accepted Answer

When corporate missions, visions, and strategies are crafted with worldwide markets in mind, it falls under the category of "Strategy and planning." This involves setting long-term goals and determining the actions and resources necessary to achieve global market presence and success.

Question 10

The transnationality index of corporate globalization is measured by:

Accepted Answer

The transnationality index of corporate globalization is measured by all of the mentioned factors: foreign sales to total sales, foreign assets to total assets, and foreign employment to total employment. These metrics help in understanding the extent of a corporation's global operations and integration.

Question 11

In arranging international finance for new operations, raising capital from local banks or financial institutions gives new subsidiaries relief from local shareholder pressures but vulnerable to national economic conditions such as inflation or high interest rates

Accepted Answer

Raising capital from local banks or financial institutions indeed makes new subsidiaries less subject to pressures from local shareholders, as they do not have to dilute ownership by issuing more shares. However, it exposes them to the national economic conditions of the country where they operate, such as inflation or high interest rates, which can affect the cost of borrowing and repayment terms.

Question 12

Changes in any one of a company's strategies, structures and corporate cultures tend to result in changes in the other two elements

Accepted Answer

Changes in a company's strategies, structures, or corporate cultures are interconnected, often leading to adjustments in the other areas to maintain alignment and coherence within the organization.

Question 13

When industry strategies call for much integration of worldwide activities and definite needs to be locally responsive, firms would select a(n):

Accepted Answer

A global-local strategy (also known as a transnational strategy) is chosen by firms that need to integrate their global activities while also being responsive to local market conditions. This strategy balances the need for efficiency on a global scale with the need to adapt products and services to meet local tastes and preferences.

Question 14

Common customer needs, global channels, marketing transfers and lead countries are what types of globalization driver:

Accepted Answer

Common customer needs, global channels, marketing transfers, and lead countries are considered market drivers. These factors indicate how global markets are integrating and how businesses can leverage these trends to market their products and services on a global scale. Market drivers focus on the demand side of globalization, emphasizing the convergence of consumer preferences, the role of global customers, and the strategic importance of certain markets in driving global strategies.

Question 15

The homogenization of global demand has pushed some leading consumer goods corporations towards geographic organizational structures

Accepted Answer

The answer of The homogenization of global demand has pushed...

Question 16

In arranging international finance for new operations, issuing shares using corporate holding companies, regional headquarters makes new subsidiaries susceptible to corporate control problems and short-term profit pressures

Accepted Answer

The answer of In arranging international finance for new operations,...

Question 17

In arranging international finance for new operations, internal financing through corporate funds allows international firms to adjust interest rates and payback conditions according to local market conditions

Accepted Answer

Internal financing allows firms to set their own interest rates and payback conditions, which can be tailored to the specific market conditions in each country.

Question 18

The extent to which management measures, accountability and incentives programs, and leadership skills are developed with world markets in mind is an example of which type of corporate globalization measure:

Accepted Answer

The question describes aspects related to how a company prepares its management and leadership to operate effectively in global markets. This includes developing measures for management, accountability, incentives programs, and enhancing leadership skills with a global perspective. These elements are directly related to how the organization manages its human resources and structures its organizational behavior to support its international operations, making "Organization and human resource management" the correct answer.

Question 19

When industry strategies call for much integration of worldwide activities and few or no needs to be locally responsive, firms would select a(n):

Accepted Answer

A globally integrated strategy is chosen when there is a need for high integration of activities across the world with minimal need for local responsiveness. This approach emphasizes efficiency and consistency across global operations.

Question 20

Geocentric corporate cultures are globally-oriented, without regard for particular nations or regions

Accepted Answer

Geocentric corporate cultures adopt a global perspective, focusing on the best approaches and practices from around the world without prioritizing any specific country or region.

Quiz 7: Internationalization and Globalization Processes