Question 1

When the need for national responsiveness is high and the need for global integration is also high, this strategy is appropriate.

Accepted Answer

A) Transnational 
B) Globalization 
C) International 
D) Multi-domestic 
A) Transnational 
B) Globalization 
C) International 
D) Multi-domestic

Question 2

For products like computers, Japanese firms:

Accepted Answer

A) Move from their home market directly into fully developed countries and then on to the newly developing nations 
B) Move from their home market directly into developing nations and then on to developed markets 
C) Go only to developed countries to market products 
D) Go only to developing countries to market products 
A) Move from their home market directly into fully developed countries and then on to the newly developing nations 
B) Move from their home market directly into developing nations and then on to developed markets 
C) Go only to developed countries to market products 
D) Go only to developing countries to market products

Question 3

In emerging economies undergoing rapid changes such as privatization, governments have generally been apprehensive and uncooperative with MNCs.

Accepted Answer

A) True 
 B)False

Question 4

_____ attempts to provide management with accurate forecasts of trends that relate to external changes in geographic areas where the firm is currently doing business or considering setting up operations.

Accepted Answer

A) Environmental scanning 
B) Functional scanning 
C) Tactical scanning 
D) Operational scanning 
A) Environmental scanning 
B) Functional scanning 
C) Tactical scanning 
D) Operational scanning

Question 5

Citibank is an example of a company the finds operating in China to be too risky.

Accepted Answer

A) True 
 B)False

Question 6

Many MNCs are convinced that strategic planning is critical to their success and these efforts are being conducted both at the home office and in the subsidiaries.

Accepted Answer

A) True 
 B)False

Question 7

The technological learning gained from varied international environments:

Accepted Answer

A) Enhances efforts to integrate knowledge throughout a firm 
B) Shows a fall in venture performance 
C) Leads to minimal diversity of national environments 
D) Has no effect on cross-functional teams 
A) Enhances efforts to integrate knowledge throughout a firm 
B) Shows a fall in venture performance 
C) Leads to minimal diversity of national environments 
D) Has no effect on cross-functional teams

Question 8

All of the following act as disincentives for MNCs except:

Accepted Answer

A) Restrictions on profit repatriation 
B) Controls on the transfer of technology 
C) Export maximums for generating foreign currency 
D) Limits on local market growth 
A) Restrictions on profit repatriation 
B) Controls on the transfer of technology 
C) Export maximums for generating foreign currency 
D) Limits on local market growth

Question 9

These individuals are the key to stimulating profit growth within a company.

Accepted Answer

A) Supervisors 
B) Middle managers 
C) First-line managers 
D) Top managers 
A) Supervisors 
B) Middle managers 
C) First-line managers 
D) Top managers

Question 10

Honda and General Motors have both built plants in Thailand to take advantage of:

Accepted Answer

A) Demand and low delivery costs 
B) Strategic pricing 
C) New technologies and low wages 
D) Tax incentives and demand 
A) Demand and low delivery costs 
B) Strategic pricing 
C) New technologies and low wages 
D) Tax incentives and demand

Question 11

Profitability and marketing goals almost always dominate the strategic plans of today's multinational corporations.

Accepted Answer

A) True 
 B)False

Question 12

When the need for national responsiveness is low and the need for global integration is high, a global strategy is appropriate.

Accepted Answer

A) True 
 B)False

Question 13

The quality strategy is formulated at the ______ management level and is diffused throughout the _______.

Accepted Answer

A) top; upper management 
B) top; organization 
C) lowest; organization 
D) middle; lower level 
A) top; upper management 
B) top; organization 
C) lowest; organization 
D) middle; lower level

Question 14

The products sold by MNCs pursuing this approach often have a large portion of their value added in the downstream activities of the value chain.

Accepted Answer

A) Political imperative 
B) Cost imperative 
C) Quality imperative 
D) Economic imperative 
A) Political imperative 
B) Cost imperative 
C) Quality imperative 
D) Economic imperative

Question 15

Firms that have done well domestically with a product usually have done so because the competition is effective.

Accepted Answer

A) True 
 B)False

Question 16

International management activities of entrepreneurial and new-venture firms have been made possible by all of the following except:

Accepted Answer

A) Customized, old access channels 
B) Advances in telecommunication 
C) Greater efficiencies and lower costs in shipping 
D) Allowing firms to access international customers 
A) Customized, old access channels 
B) Advances in telecommunication 
C) Greater efficiencies and lower costs in shipping 
D) Allowing firms to access international customers

Question 17

A worldwide strategy based on cost leadership, differentiation, and segmentation is referred to as the:

Accepted Answer

A) Economic imperative 
B) Political imperative 
C) Quality imperative 
D) Administrative coordination strategy 
A) Economic imperative 
B) Political imperative 
C) Quality imperative 
D) Administrative coordination strategy

Question 18

Ford Motor's strategic plan in Thailand is based on:

Accepted Answer

A) Offering the right price and product 
B) Offering the right combination of price and financing to a carefully identified market segment 
C) Offering the right combination of price and financing to all market segments 
D) Offering the right financing only 
A) Offering the right price and product 
B) Offering the right combination of price and financing to a carefully identified market segment 
C) Offering the right combination of price and financing to all market segments 
D) Offering the right financing only

Question 19

TQM covers the full gamut, from strategy formulation to implementation.

Accepted Answer

A) True 
 B)False

Question 20

A multinational firm's choice of a locale is affected by all of the following factors except:

Accepted Answer

A) Desirability of the location for employees 
B) The number of market shares invested in their home country 
C) Proximity to competitors 
D) Nature of the workforce 
A) Desirability of the location for employees 
B) The number of market shares invested in their home country 
C) Proximity to competitors 
D) Nature of the workforce

When the need for national responsiveness is high and the need for global integration is also high, this strategy is appropriate.

For products like computers, Japanese firms:

In emerging economies undergoing rapid changes such as privatization, governments have generally been apprehensive and uncooperative with MNCs.

_____ attempts to provide management with accurate forecasts of trends that relate to external changes in geographic areas where the firm is currently doing business or considering setting up operations.

Citibank is an example of a company the finds operating in China to be too risky.

Many MNCs are convinced that strategic planning is critical to their success and these efforts are being conducted both at the home office and in the subsidiaries.

The technological learning gained from varied international environments:

All of the following act as disincentives for MNCs except:

These individuals are the key to stimulating profit growth within a company.

Honda and General Motors have both built plants in Thailand to take advantage of:

Profitability and marketing goals almost always dominate the strategic plans of today's multinational corporations.

When the need for national responsiveness is low and the need for global integration is high, a global strategy is appropriate.

The quality strategy is formulated at the management level and is diffused throughout the _.

The products sold by MNCs pursuing this approach often have a large portion of their value added in the downstream activities of the value chain.

Firms that have done well domestically with a product usually have done so because the competition is effective.

International management activities of entrepreneurial and new-venture firms have been made possible by all of the following except:

A worldwide strategy based on cost leadership, differentiation, and segmentation is referred to as the:

Ford Motor's strategic plan in Thailand is based on:

TQM covers the full gamut, from strategy formulation to implementation.

A multinational firm's choice of a locale is affected by all of the following factors except:

Globalization and International Linkages

The Political, Legal, and Technological Environment

Ethics, Social Responsibility, and Sustainability

The Meanings and Dimensions of Culture

Managing Across Cultures

Organizational Cultures and Diversity

Cross-Cultural and Negotiation

Entry Strategies and Organizational Structures

Managing Political Risk, Government Relations, and Alliances

Management Decision and Control

Motivation Across Cultures

Leadership Across Cultures

Human Resource Selection and Development Across Cultures

Filters

Exam 8: Strategy Formulation and Implementation

When the need for national responsiveness is high and the need for global integration is also high, this strategy is appropriate.

For products like computers, Japanese firms:

In emerging economies undergoing rapid changes such as privatization, governments have generally been apprehensive and uncooperative with MNCs.

_____ attempts to provide management with accurate forecasts of trends that relate to external changes in geographic areas where the firm is currently doing business or considering setting up operations.

Citibank is an example of a company the finds operating in China to be too risky.

Many MNCs are convinced that strategic planning is critical to their success and these efforts are being conducted both at the home office and in the subsidiaries.

The technological learning gained from varied international environments:

All of the following act as disincentives for MNCs except:

These individuals are the key to stimulating profit growth within a company.

Honda and General Motors have both built plants in Thailand to take advantage of:

Profitability and marketing goals almost always dominate the strategic plans of today's multinational corporations.

When the need for national responsiveness is low and the need for global integration is high, a global strategy is appropriate.

The quality strategy is formulated at the ______ management level and is diffused throughout the _______.

The products sold by MNCs pursuing this approach often have a large portion of their value added in the downstream activities of the value chain.

Firms that have done well domestically with a product usually have done so because the competition is effective.

International management activities of entrepreneurial and new-venture firms have been made possible by all of the following except:

A worldwide strategy based on cost leadership, differentiation, and segmentation is referred to as the:

Ford Motor's strategic plan in Thailand is based on:

TQM covers the full gamut, from strategy formulation to implementation.

A multinational firm's choice of a locale is affected by all of the following factors except:

Globalization and International Linkages

The Political, Legal, and Technological Environment

Ethics, Social Responsibility, and Sustainability

The Meanings and Dimensions of Culture

Managing Across Cultures

Organizational Cultures and Diversity

Cross-Cultural and Negotiation

Entry Strategies and Organizational Structures

Managing Political Risk, Government Relations, and Alliances

Management Decision and Control

Motivation Across Cultures

Leadership Across Cultures

Human Resource Selection and Development Across Cultures

Filters

The quality strategy is formulated at the management level and is diffused throughout the _.