Mgt 510 final exam part 1

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MGT 510   Final Exam Part 1

 

 

 

This final exam consists of 25 multiple choice questions and covers the material in Chapters 6, 8, 9, and 10

 

(That is what the instructions say…but the answers may come from other chapters too J)

 

 

 

Question 1

 

As entry-mode strategies, direct and indirect exporting have

 

Answer

 

[removed]

 

High levels of control and low levels of risk.

[removed]

 

Similar levels of risk and control as FDI.

[removed]

 

Low levels of risk and control.

[removed]

 

Are among the most risky.

 

4 points

 

 

 

Question 2

 

When a firm from another country has an equity (or ownership) position in a separate company, it is engaging in

 

Answer

 

[removed]

 

An international cooperative alliance.

[removed]

 

A turnkey operation.

[removed]

 

A contract manufacturer.

[removed]

 

FDI.

 

4 points

 

 

 

 

 

Question 3

 

A company that treats and fills overseas orders like domestic orders is an example of a

 

Answer

 

[removed]

 

Indirect exporter.

[removed]

 

Export management company.

[removed]

 

Aggressive exporter.

[removed]

 

Passive exporter.

 

4 points

 

Question 4

 

Which strategy attempts to balance advantages from three other multinational strategies?

 

Answer

 

[removed]

 

Regional

[removed]

 

Multidomestic

[removed]

 

Transnational

[removed]

 

International

 

4 points

 

 

 

 

 

 

 

 

 

 

 

 

 

Question 5

 

Common customer needs, global sources of raw material, and favorable trade policies all lead to

 

Answer

 

[removed]

 

An increased focus on local markets.

[removed]

 

More use of the multidomestic strategy.

[removed]

 

More use of the local solution to the global-local dilemma.

[removed]

 

A greater likelihood that companies select global strategies.

 

4 points

 

 

 

 

 

Question 6

 

Selling global products and using similar marketing techniques worldwide is an example of a

 

Answer

 

[removed]

 

Transnational strategy.

[removed]

 

International strategy.

[removed]

 

Multidomestic strategy.

[removed]

 

Regional strategy.

 

4 points

 

 

 

 

 

 

 

Question 7

 

The type of vertical control mechanism most often associated with a profit center is

 

Answer

 

[removed]

 

Bureaucratic.

[removed]

 

Output.

[removed]

 

Cultural.

[removed]

 

Decision making.

 

4 points

 

Question 8

 

Which of the following is NOT one of the questions asked when designing an organization?

 

Answer

 

[removed]

 

How should work be divided among the organization’s subunits?

[removed]

 

How should the work be coordinated among the various subunits?

[removed]

 

How should the work of the various subunits be controlled?

[removed]

 

How many subunits should the multinational have?

 

 

 

Question 9

 

A __________ helps link the organization horizontally.

 

Answer

 

[removed]

 

Control system

[removed]

 

Coordination system

[removed]

 

Cultural system

[removed]

 

Centralized operations

 

4 points

 

 

 

 

 

Question 10

 

The type of control system favored by the transnational is

 

Answer

 

[removed]

 

Bureaucratic.

[removed]

 

Output.

[removed]

 

Cultural.

[removed]

 

Decision making.

 

4 points

 

 

 

 

 

 

 

Question 11

 

The worldwide product structure is usually considered best to implement a/an _____ strategy.

 

Answer

 

[removed]

 

Multidomestic or regional

[removed]

 

Transnational

[removed]

 

International

[removed]

 

Indirect exporting

 

4 points

 

 

 

 

 

 

 

Question 12

 

The least efficient of the following structural options is

 

Answer

 

[removed]

 

Product structure.

[removed]

 

Functional structure.

[removed]

 

Vertical structure.

[removed]

 

Graphic structure.

 

4 points

 

 

 

Question 13

 

Understanding a new market and developing a new technology may be used as performance criteria for which of the following?

 

Answer

 

[removed]

 

Organizational learning

[removed]

 

Management processes

[removed]

 

Competitive advantage

[removed]

 

Commitment

 

4 points

 

 

 

 

 

 

 

Question 14

 

Strategic alliance partners prefer a dominant management structure

 

Answer

 

[removed]

 

If partners have similar technologies or know-how and they contribute this knowledge equally to the alliance.

[removed]

 

If partners have different technologies or know-how and they contribute this knowledge equally to the alliance.

[removed]

 

If partners have different technologies or know-how and they contribute this knowledge differently to the alliance.

[removed]

 

If the alliance has more strategic importance to one partner.

 

4 points

 

 

 

 

 

Question 15

 

Which of the following type of strategic alliances allows the multinational to combine manufacturing or assembly activities to achieve a profitable volume of activity?

 

Answer

 

[removed]

 

Operations alliances

[removed]

 

Output alliances

[removed]

 

Upstream-downstream alliances

[removed]

 

Marketing alliances

 

4 points

 

 

 

 

 

Question 16

 

Strategic complementarity in a strategic alliance means that

 

Answer

 

[removed]

 

Both sides must have similar strategic objectives for the strategic alliance to succeed.

[removed]

 

Objectives can be different if they are not in conflict.

[removed]

 

Cultural differences must be dealt with first.

[removed]

 

Parent companies must leave the strategic alliance management to develop their own strategic goals.

 

4 points

 

 

 

 

 

 

 

 

 

Question 17

 

An agreement not legally binding between companies to cooperate on any value-chain activity is a (an)

 

Answer

 

[removed]

 

Formal international cooperative alliance.

[removed]

 

International joint venture.

[removed]

 

Informal international joint venture.

[removed]

 

International cooperative alliance.

 

4 points

 

 

 

 

 

 

 

Question 18

 

__________ means that companies rely on each other to contribute to the relationship.

 

Answer

 

[removed]

 

Shared management

[removed]

 

Balanced management

[removed]

 

The norm of reciprocity

[removed]

 

Mutual dependency

 

4 points

 

 

 

 

 

Question 19

 

Which of the following describes the situation where companies stay in a strategic alliance despite strong evidence that the alliance won’t work?

 

Answer

 

[removed]

 

Calculative commitment

[removed]

 

Credibility commitment

[removed]

 

Attitudinal commitment

[removed]

 

Escalation of commitment

 

4 points

 

 

 

 

 

 

 

Question 20

 

According to the text, the degree of difficulty in conducting global e-commerce businesses is primarily dependent on

 

Answer

 

[removed]

 

The financial requirements.

[removed]

 

The availability of management talent.

[removed]

 

The infrastructure requirements.

[removed]

 

The telecommunications infrastructure requirements.

 

4 points

 

 

 

 

 

 

 

 

 

 

 

Question 21

 

According to the text, where is the greatest potential for e-commerce businesses?

 

Answer

 

[removed]

 

North America

[removed]

 

The European Union

[removed]

 

South America

[removed]

 

Asia

 

4 points

 

 

 

 

 

 

 

Question 22

 

Having systems in place to ensure that collected information is accurate and reliable represents which form of information security?

 

Answer

 

[removed]

 

Confidentiality

[removed]

 

Availability

[removed]

 

Integrity

[removed]

 

Authentication

 

4 points

 

 

 

 

 

Question 23

 

Southeast Asian countries represent opportunities for e-commerce growth due to

 

Answer

 

[removed]

 

Spanish language websites.

[removed]

 

Membership in ASEAN.

[removed]

 

Global demand.

[removed]

 

Internet economy.

 

4 points

 

 

 

 

 

Question 24

 

According to the text, which of the following is NOT one of the management challenges companies will face as they develop their e-commerce businesses?

 

Answer

 

[removed]

 

Attracting, retaining, and developing employees in the e-commerce unit

[removed]

 

Deciding which e-commerce functions to outsource

[removed]

 

Finding funds to develop the e-commerce business

[removed]

 

Finding ways to provide individuals with growth opportunities and job fulfillment to encourage employee retention in the e-commerce business

 

4 points

 

 

 

 

 

 

 

 

 

 

 

Question 25

 

An Internet host that allows users to send encrypted data so that those outside the connection cannot see the information is a

 

Answer

 

[removed]

 

A secure server.

[removed]

 

An internet host.

[removed]

 

A computer that has its own Internet Protocol address.

[removed]

 

A computer that has its own World Wide Web address.