International business management multiple choice questions and answers for the preparation of academic and competitive exams.
International business management multiple choice questions and answers
1. ___ has grown to be one of the most important features of the world’s economy.
a. International Business
b. Globalization
c. Liberalization
d. All of the above
[expand title=" View Answer "] Answer: (a)[/expand]
2. Many US information technology companies are turning to International locations to remain-
a. Leader
b. Competitor
c. Stable
d. Master
[expand title=" View Answer "] Answer: (b)[/expand]
3. Salaries and fringe costs for well-trained software engineers in Northern Ireland are approximately ___ lower than costs for US engineers.
a. 50%
b. 80%
c. 47%
d. 69%
[expand title=" View Answer "] Answer: (a)[/expand]
4. ___ is a process that is beneficial – a key to future world economic development- and also inevitable and irreversible.
a. Privatization
b. Globalization
c. Liberalization
d. Economist
[expand title=" View Answer "] Answer: (b)[/expand]
5. Economic globalization is a historical process, the result of ___.
a. Human innovation
b. Technological Progress
c. Both a and b
d. Knowledge
[expand title=" View Answer "] Answer: (c)[/expand]
6. True/False:
‘Globalization means that world trade and financial markets are becoming more integrated.’
a. True
b. False
c. Incomplete
d. Can’t say
[expand title=" View Answer "] Answer: (a)[/expand]
7. ___ is at least as important for long-term development as financial transfers.
a. Economic stability
b. Institution building
c. Structural reform
d. All of the above
[expand title=" View Answer "] Answer: (d)[/expand]
8. Supporters of democratic globalization are sometimes called
a. Globalists
b. Pro-globalists
c. Libertarians
d. None of the above
[expand title=" View Answer "] Answer: (b)[/expand]
9. ___ has made great advances in areas such as Bangladesh through economically liberating and empowering women with jobs.
a. Democratic
b. Feminism
c. Globalization
d. Liberalization
[expand title=" View Answer "] Answer: (b)[/expand]
10. In 2002, ___ was the third-largest exporter of cultural goods, after the UK and the US.
a. China
b. India
c. Kuwait
d. Korea
[expand title=" View Answer "] Answer: (a)[/expand]
11. ___ Companies are registered in one country, doing business in others.
a. Transnational
b. Multinational
c. Off-shore
d. International
[expand title=" View Answer "] Answer: (c)[/expand]
12. The difference between interest rates in Russia and Switzerland stands for about ___ per annum.
a. 10%
b. 5%
c. 28%
d. 40%
[expand title=" View Answer "] Answer: (b)[/expand]
13. Globalization refers to a growing economic interdependence among countries, as reflected in the increased cross-border flow of :
a. goods & services
b. capital
c. know-how
d. World economy
e. All of the above
[expand title=" View Answer "] Answer: (e)[/expand]
14. It refers to the assumptions, values, and practices of people in the West and some elites in Non-Western cultures.
a. Universal Culture
b. Global culture
c. Organizational culture
d. All of the above
[expand title=" View Answer "] Answer: (a)[/expand]
15. ___ means the high adaptation of managerial practices to a given culture, and, therefore, high effectiveness.
a. Fitness for use
b. High fit
c. Fit and Fine
d. Substitution
[expand title=" View Answer "] Answer: (b)[/expand]
16. Erez and Gati proposed that the general model of multi-level analysis could be adopted for understanding the dynamics of ___.
a. Culture
b. Cultural Change
c. Multi-Level analysis
d. Both a and b
[expand title=" View Answer "] Answer: (d)[/expand]
17. State whether it is true or not:
“Around the World, wherever you are, get what you want-fast from our family of Web sites.”
a. False
b. True
c. Incomplete
d. Cannot say
[expand title=" View Answer "] Answer: (b)[/expand]
18. ___ has become a world-leading marketer of toys.
a. California
b. UAE
c. Japan
d. China
[expand title=" View Answer "] Answer: (a)[/expand]
19. The main benefits for industrial countries would come from the liberalization of their ___ market.
a. Mine
b. Agriculture
c. Domestic
d. National
[expand title=" View Answer "] Answer: (b)[/expand]
20. The non-tariff barriers are:
a. Product standards
b. Proliferation
c. Both a and b
d. Product adaptation
[expand title=" View Answer "] Answer: (c)[/expand]
21. The ___ step in determining your license requirements is to classify your product using the Commerce Control List (CCL).
a. First
b. Second
c. Third
d. Last
[expand title=" View Answer "] Answer: (a)[/expand]
22. Life Cycle Theory has been used since the ___ to describe the behaviour of a product or service from design to obsolescence.
a. 1986
b. 1970
c. 1982
d. 1975
[expand title=" View Answer "] Answer: (b)[/expand]
23. Here the firm may continue to market the product hoping that competitors will discontinue their products.
a. Maturity stage
b. Growing Stage
c. Decline Stage
d. Saturation Stage
[expand title=" View Answer "] Answer: (c)[/expand]
24. ___ specify the type of system, equipment, tooling, layout, and flow used in manufacturing or service operations.
a. Process engineering
b. Design engineering
c. Life cycle engineering
d. All of the above
[expand title=" View Answer "] Answer: (a)[/expand]
25. ___ claims that knowledge is being applied faster, resulting in increasing levels of new product introductions.
a. Slater (1993)
b. Bayus (1994)
c. Vesey (1992)
d. None of the above
[expand title=" View Answer "] Answer: (b)[/expand]
26. The five-element product wave, or FPW, uses trigger points, rather than ___, as the horizon over which the element curves vary.
a. Cost
b. Price
c. Time
d. All of the above
[expand title=" View Answer "] Answer: (c)[/expand]
27. A financial services deal covering more than 95% of trade in banking and ___.
a. Insurance
b. Securities
c. Financial Information
d. All of the above
[expand title=" View Answer "] Answer: (d)[/expand]
28. The seeds of the Uruguay Round were sown in ___, at the Ministerial Meeting of GATT members in Geneva.
a. November 1982
b. January 1970
c. March 2005
d. July 1985
[expand title=" View Answer "] Answer: (a)[/expand]
29. Numerous specialized ___ reports to the General Council.
a. Committees
b. Working groups
c. Working parties
d. All of the above
[expand title=" View Answer "] Answer: (d)[/expand]
30. Day-to-day work in between the ministerial conferences is handled by:
a. The General Council
b. The Dispute Settlement Body
c. The Trade Policy Review Body
d. All of the above
[expand title=" View Answer "] Answer: (d)[/expand]
31. TRIPS Council is for:
a. Goods Council
b. The council for trade-related aspects of Intellectual Property Rights
c. Services Council
d. Both a and c
[expand title=" View Answer "] Answer: (b)[/expand]
32. ___ Subsidiary bodies deal with financial services, domestic regulations, GATS rules and specific commitments.
a. Goods Council
b. The council for trade-related aspects of Intellectual Property Rights
c. Services Council
d. Both a and c
[expand title=" View Answer "] Answer: (a)[/expand]
33. An Industry composed of a limited number of large firms.
a. OECD
b. Oligopoly
c. MNE
d. MAI
[expand title=" View Answer "] Answer: (b)[/expand]
34. MITI is the ___ Ministry of International Trade and Industry.
a. Japan
b. China
c. India
d. American
[expand title=" View Answer "] Answer: (a)[/expand]
35. Maastricht Treaty ratified in
a. January 1991
b. January 1994
c. January 1995
d. January 1992
[expand title=" View Answer "] Answer: (b)[/expand]
36. Products adapted to the perceived unique characteristics of the national market.
a. Local Products
b. International Products
c. Multinational Products
d. Global products
[expand title=" View Answer "] Answer: (c)[/expand]
37. ___ in Seller’s country forwards a letter of credit to Seller informing about the terms and conditions of credit.
a. Advising Bank
b. Service Bank
c. Advisory Commission
d. None of the above
[expand title=" View Answer "] Answer: (a)[/expand]
38. The term ___ is also used in the RO/RO (roll-on/roll-off) services.
a. FOB
b. FCA
c. FAS
d. EXW
[expand title=" View Answer "] Answer: (b)[/expand]
39. A commonly used measure of inequality is the ___ coefficient for income, which takes on values between zero and one, a value of zero would indicate perfect equality of incomes.
a. Transition
b. Transmission
c. Gini
d. Labor earning coefficient
[expand title=" View Answer "] Answer: (c)[/expand]
40. UNCITRAL texts are initiated, drafted, and adopted by the ___ on International Trade Law.
a. United States Commission
b. United Nations Commission
c. G-20 Group
d. None of the above
[expand title=" View Answer "] Answer: (b)[/expand]
41. The IMR Company also operates two separate software development plants in ___ and ___, India.
a. Bangalore, Delhi
b. Delhi, Mumbai
c. Bangalore, Mumbai
d. All of the above
[expand title=" View Answer "] Answer: (c)[/expand]
42. Globalization refers to the movement of (people), ___ and (knowledge) ___, across International borders.
a. Labor, Technology
b. Human innovation, Technological progress
c. Easier, quicker
d. Financial, Competition
[expand title=" View Answer "] Answer: (a)[/expand]
43. Growth in living standards springs from the accumulation of physical (capital) ___ and (human capital) ___, and through advances in technology.
a. Productivity, labour
b. Investment, labour
c. Investment, Productivity
d. All of the above
[expand title=" View Answer "] Answer: (b)[/expand]
44. Government Policy should focus on the ___ important areas:
a. Educational and vocational training, to make sure that workers have the opportunity to acquire the right skills in dynamic changing economies.
b. Well-targeted social safety nets to assist people who are displaced.
c. Both a and b
d. Capital, Investment
[expand title=" View Answer "] Answer: (c)[/expand]
45. Globalization as the beneficial spread of ___ and ___.
a. Liberty, Capitalism
b. Society, Economy
c. Both a and b
d. Capitalism, the economy
[expand title=" View Answer "] Answer: (a)[/expand]
46. The ___ are likely to work for a single Company for a lifetime, moreover, to work overtime and favor their chief with great respect but the ___ employees change jobs quite more often.
a. Japanese, US
b. Japanese, Britain
c. Both a and b
d. None of the above
[expand title=" View Answer "] Answer: (c)[/expand]
47. ___ and ___ are increasing in organizations today because of changing demographics, the desire by organizations to improve their workforce, legal pressures & increased globalization.
a. Diversity, Multiculturalism
b. Variety, Diversity
c. Variation, Diversification
d. All of the above
[expand title=" View Answer "] Answer: (a)[/expand]
48. The ___ ideology suggests that each cultural group loses some of its dominant characteristics in order to become the mainstream.
a. Multiculturalism
b. Melting Pot
c. Universal culture
d. Magna Mac
[expand title=" View Answer "] Answer: (b)[/expand]
49. The assumption of cultural stability is valid as long as there are no ___ changes that precipitate adaptation and ___.
a. Environmental changes, Cultural Changes
b. Management, Organizational changes
c. Organizational changes, Cultural changes
d. None of the above
[expand title=" View Answer "] Answer: (a)[/expand]
50. ___ Approach, viewing culture as a multi-level construct that consists of various levels nested within each other from the most ___ of global culture, through national cultures, group cultures.
a. Micro-level, micro-layer
b. Multi-level, macro-level
c. Multi-level, multi-layer
d. Both a and c
[expand title=" View Answer "] Answer: (b)[/expand]
51. Both ___ and ___ processes reflect the dynamic nature of culture.
a. Top-down, Bottom-up
b. Upward, Downward
c. Vertical, horizontal
d. None of the above
[expand title=" View Answer "] Answer: (a)[/expand]
52. A recent study by Erez and Gati (2004) examined the effects of various factors on the change process and its outcomes:
a. The cultural value of individualism-collectivism
b. The reward structure and its congruence with the underlying cultural values
c. The degree of ambiguity in the reward structure
d. All of the above
[expand title=" View Answer "] Answer: (d)[/expand]
53. Policies that make an economy open to ___ and ___ with the rest of the world are needed for sustained economic growth.
a. Trade, Investment
b. Trade, labor
c. Capital, Investment
d. Capital, labor
[expand title=" View Answer "] Answer: (a)[/expand]
54. The failure to start a new round of multilateral trade negotiations at the WTO conference in ___ in ___ was a setback for the international trading system.
a. US, 1997
b. Seattle, 1999
c. China, 2005
d. Africa, 1998
[expand title=" View Answer "] Answer: (b)[/expand]
55. The ___ and ___ have allowed globalization outsourcers to develop new models for process-rich, cost-effective repeatable globalization methodology.
a. Internet, technology
b. Internet, intranet
c. Internet, Global communications
d. Internet, Electronic media
[expand title=" View Answer "] Answer: (c)[/expand]
56. Intellectual property rights refer to the legal system that protects:
1. Patents
2. Trademarks
3. Copyrights
4. Trade secrets
a. 1, 3, 4
b. 1, 2, 3
c. 2, 3, 4
d. 1, 2, 3, 4
[expand title=" View Answer "] Answer: (d)[/expand]
57. The duration of each stage of the cycle varies with the ___ and the type of ___ supporting it.
a. Product, management
b. Product, Customer
c. Product, market
d. Product, location
[expand title=" View Answer "] Answer: (a)[/expand]
58. ___, in which the good or service is taken from concept and detail design to prototyping. Whereas in ___, technologies and production methods are evaluated as a system is set into motion.
a. Product engineering, Design engineering
b. Design engineering, Process engineering
c. Product engineering, Process engineering
d. All of the above
[expand title=" View Answer "] Answer: (b)[/expand]
59. Hecksher-Ohlin Model draws a sharp distinction between ___ and ___ factor mobility.
a. Internal, external
b. Domestic, external
c. Organizational, external
d. Initial, final
[expand title=" View Answer "] Answer: (b)[/expand]
60. CRS (Constant Returns to Scale):
a. y = F(L, K) then y’ = F ( 2L, 2K) = 2y
b. y = F (K, L) then y’ = F ( 2K, 2L)=y
c. y’ = F (L, M) then y = F ( 2L, 2M)
d. None of the above
[expand title=" View Answer "] Answer: (a)[/expand]
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