Question 1

Diversification:
a. Was acclaimed in the West during the 1960s and 1970s but was discredited twenty years later.
b. Is believed by Western media to destroy value in emerging economies.
c. Has resulted in higher profitability for some in emerging economies than independent firms.
d. In emerging economies may be a function of the level of institutional under) development.
e. All of the above.

Accepted Answer

The answer of Diversification:
a. Was acclaimed in the West during...

Question 2

As shown in the closing case, the informal rules of the game:
a. Must be avoided because global business is not a mere game.
b. Are not applicable in cultures in which tend to be very formal.
c. Often require that the firm seek to change the informal rules instead of going along with those rules.
d. Need to be understood by firms.
e. Are being replaced by formal rules.

Accepted Answer

The answer of As shown in the closing case, the...

Question 3

At the dawn of the 21st century, __________ had significant ramifications for companies and strategists around the world.
a. Antiglobalization protests
b. Terrorist attacks
c. Corporate governance crisis
d. All of the above
e. None of the above

Accepted Answer

The answer of At the dawn of the 21st century,...

Question 4

The _______ view primarily focuses on the ______ in a SWOT analysis.
a. Industry-based, OT
b. Resource-based, OT
c. Industry-based, SW
d. Resource-based, SW
e. Industry and resource, SWOT

Accepted Answer

The answer of The _______ view primarily focuses on the...

Question 5

How can principles of military strategy be useful in developing a global business strategy? Explain by using SWOT analysis.

Accepted Answer

The answer of How can principles of military strategy be...

Question 6

The current era of globalization originated in the aftermath of:
a. World War I.
b. World War II.
c. The Korean Conflict.
d. The Vietnam Conflict.
e. The Gulf War.

Accepted Answer

The answer of The current era of globalization originated in...

Question 7

"Global strategy" refers to:
a. A particular theory on how to compete.
b. Offering standardized products and services on a worldwide basis.
c. Any strategy outside one's home country.
d. Strategy of firms around the globe-essentially various firms' theories about how to compete successfully.
e. All of the above.

Accepted Answer

The answer of "Global strategy" refers to:
a. A particular theory...

Question 8

The word _______has now become the most famous Chinese business word to appear in English-language media.
a. Keiretsu
b. Guanxi
c. Chaebol
d. Blat
e. None of the above.

Accepted Answer

The answer of The word _______has now become the most...

Question 9

Many BRIC local firms are:
a. Effectively competing at home.
b. Launching offensives abroad.
c. Creating serious ramifications for Triad-based MNEs.
d. All of the above.
e. BRIC local firms have yet to become significant globally.

Accepted Answer

The answer of Many BRIC local firms are:
a. Effectively competing...

Question 10

Strategy:
a. Dates back to 500bc and the work of the strategist Sun Tzu of China.
b. Applies concepts developed by the strategist von Clausewitz.
c. Includes application of principles of military strategy to business competition.
d. All of the above.
e. In this century, civilian companies no longer apply military theories and principles in dealing with competition.

Accepted Answer

The answer of Strategy:
a. Dates back to 500bc and the...

Question 11

Emerging economies or emerging markets):
a. Now command a full one-third of the worldwide FDI flow.
b. Command half of the global gross domestic product GDP) measured at purchasing power parity.
c. A and B above
d. Despite their growth, they still command less than 10% of global GDP.
e. Consist of countries which are in a state of decline but which are believed to have potential for growth.

Accepted Answer

The answer of Emerging economies or emerging markets):
a. Now command...

Question 12

According to the text, the current brand of "global strategy" seems relevant only for MNEs from:
a. BRIC.
b. The Triad.
c. OPEC nations.
d. NAFTA.
e. The E. U.

Accepted Answer

The answer of According to the text, the current brand...

Question 13

Globalization is viewed as:
a. A new force sweeping through the world in recent times.
b. A long-run historical evolution since the dawn of human history.
c. A pendulum that swings from one extreme to another from time to time.
d. All of the above.
e. None of the above.

Accepted Answer

The answer of Globalization is viewed as:
a. A new force...

Question 14

Which of the following best describes foreign direct investment FDI)?
a. A firm's direct investment in production and/or service activities abroad.
b. The purchases of foreign securities by people within the U.S.
c. The purchases of U. S. securities by people from other countries.
d. Avoidance of brokers or other financial intermediaries when making foreign investments.
e. B and C above.

Accepted Answer

The answer of Which of the following best describes foreign...

Question 15

BRIC refers to:
a. Bahrain, Russia, Iran, and China.
b. Bolivia, Romania, India, and Columbia.
c. Bulgaria, Romania, Iraq, and China.
d. Bermuda, Rwanda, Iraq, and the Czech Republic.
e. Brazil, Russia, India, and China.

Accepted Answer

The answer of BRIC refers to:
a. Bahrain, Russia, Iran, and...

Question 16

Multinational enterprises MNEs) are firms that:
a. Engage in foreign direct investment FDI).
b. Directly control value-adding activities in other countries.
c. Manage value-adding activities in other countries.
d. All of the above.
e. None of the above.

Accepted Answer

The answer of Multinational enterprises MNEs) are firms that:
a. Engage...

Question 17

Which of the following were the first to express concern about international competition from low-cost countries?
a. American political leaders in the twenty first century.
b. Union leaders in the last half of the twentieth century.
c. American business leaders in the late 1800s.
d. The King of England in the late 1700s.
e. A first century Roman emperor.

Accepted Answer

The answer of Which of the following were the first...

Question 18

A hallmark of theory building and development is:
a. The outcome of a test.
b. Replication.
c. Intuition.
d. Consensus.
e. Lack of controversy.

Accepted Answer

The answer of A hallmark of theory building and development...

Question 19

Which of the following best defines "Triad" as the term is used in the text?
a. The U.S., Japan, and Germany.
b. The U.S., Canada, and Mexico.
c. North America, Europe, and Japan.
d. North America, Europe, and Asia.
e. The U.S. dollar, the Euro, and the Yen.

Accepted Answer

The answer of Which of the following best defines "Triad"...

Question 20

Much of our knowledge about "the firm" is from research on firms in:
a. Anglo-American capitalism.
b. Japan after World War II.
c. German mathematical models.
d. Emerging markets.
e. The early industrial era.

Accepted Answer

The answer of Much of our knowledge about "the firm"...

Quiz 1: Strategizing Around the Globe

At the dawn of the 21st century, __________ had significant ramifications for companies and strategists around the world. a. Antiglobalization protests b. Terrorist attacks c. Corporate governance crisis d. All of the above e. None of the above

The _ view primarily focuses on the in a SWOT analysis. a. Industry-based, OT b. Resource-based, OT c. Industry-based, SW d. Resource-based, SW e. Industry and resource, SWOT

How can principles of military strategy be useful in developing a global business strategy? Explain by using SWOT analysis.

The current era of globalization originated in the aftermath of: a. World War I. b. World War II. c. The Korean Conflict. d. The Vietnam Conflict. e. The Gulf War.

The word _______has now become the most famous Chinese business word to appear in English-language media. a. Keiretsu b. Guanxi c. Chaebol d. Blat e. None of the above.

Many BRIC local firms are: a. Effectively competing at home. b. Launching offensives abroad. c. Creating serious ramifications for Triad-based MNEs. d. All of the above. e. BRIC local firms have yet to become significant globally.

According to the text, the current brand of "global strategy" seems relevant only for MNEs from: a. BRIC. b. The Triad. c. OPEC nations. d. NAFTA. e. The E. U.

Globalization is viewed as: a. A new force sweeping through the world in recent times. b. A long-run historical evolution since the dawn of human history. c. A pendulum that swings from one extreme to another from time to time. d. All of the above. e. None of the above.

BRIC refers to: a. Bahrain, Russia, Iran, and China. b. Bolivia, Romania, India, and Columbia. c. Bulgaria, Romania, Iraq, and China. d. Bermuda, Rwanda, Iraq, and the Czech Republic. e. Brazil, Russia, India, and China.

Multinational enterprises MNEs) are firms that: a. Engage in foreign direct investment FDI). b. Directly control value-adding activities in other countries. c. Manage value-adding activities in other countries. d. All of the above. e. None of the above.

A hallmark of theory building and development is: a. The outcome of a test. b. Replication. c. Intuition. d. Consensus. e. Lack of controversy.

Which of the following best defines "Triad" as the term is used in the text? a. The U.S., Japan, and Germany. b. The U.S., Canada, and Mexico. c. North America, Europe, and Japan. d. North America, Europe, and Asia. e. The U.S. dollar, the Euro, and the Yen.

Much of our knowledge about "the firm" is from research on firms in: a. Anglo-American capitalism. b. Japan after World War II. c. German mathematical models. d. Emerging markets. e. The early industrial era.

Quiz 1: Strategizing Around the Globe

At the dawn of the 21st century, __________ had significant ramifications for companies and strategists around the world. a. Antiglobalization protests b. Terrorist attacks c. Corporate governance crisis d. All of the above e. None of the above

The _______ view primarily focuses on the ______ in a SWOT analysis. a. Industry-based, OT b. Resource-based, OT c. Industry-based, SW d. Resource-based, SW e. Industry and resource, SWOT

How can principles of military strategy be useful in developing a global business strategy? Explain by using SWOT analysis.

The current era of globalization originated in the aftermath of: a. World War I. b. World War II. c. The Korean Conflict. d. The Vietnam Conflict. e. The Gulf War.

The word _______has now become the most famous Chinese business word to appear in English-language media. a. Keiretsu b. Guanxi c. Chaebol d. Blat e. None of the above.

Many BRIC local firms are: a. Effectively competing at home. b. Launching offensives abroad. c. Creating serious ramifications for Triad-based MNEs. d. All of the above. e. BRIC local firms have yet to become significant globally.

According to the text, the current brand of "global strategy" seems relevant only for MNEs from: a. BRIC. b. The Triad. c. OPEC nations. d. NAFTA. e. The E. U.

Globalization is viewed as: a. A new force sweeping through the world in recent times. b. A long-run historical evolution since the dawn of human history. c. A pendulum that swings from one extreme to another from time to time. d. All of the above. e. None of the above.

BRIC refers to: a. Bahrain, Russia, Iran, and China. b. Bolivia, Romania, India, and Columbia. c. Bulgaria, Romania, Iraq, and China. d. Bermuda, Rwanda, Iraq, and the Czech Republic. e. Brazil, Russia, India, and China.

Multinational enterprises MNEs) are firms that: a. Engage in foreign direct investment FDI). b. Directly control value-adding activities in other countries. c. Manage value-adding activities in other countries. d. All of the above. e. None of the above.

A hallmark of theory building and development is: a. The outcome of a test. b. Replication. c. Intuition. d. Consensus. e. Lack of controversy.

Which of the following best defines "Triad" as the term is used in the text? a. The U.S., Japan, and Germany. b. The U.S., Canada, and Mexico. c. North America, Europe, and Japan. d. North America, Europe, and Asia. e. The U.S. dollar, the Euro, and the Yen.

Much of our knowledge about "the firm" is from research on firms in: a. Anglo-American capitalism. b. Japan after World War II. c. German mathematical models. d. Emerging markets. e. The early industrial era.

The _ view primarily focuses on the in a SWOT analysis. a. Industry-based, OT b. Resource-based, OT c. Industry-based, SW d. Resource-based, SW e. Industry and resource, SWOT