International Business Set 8
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This set of International Business Multiple Choice Questions & Answers (MCQs) focuses on International Business Set 8
Q1 | The following nationals would be aggressive at the beginning of business negotiations,but offer large concessions in the end
- American.
- Russian.
- German.
- Japanese.
Q2 | Social stratification is done based on
- Income level.
- caste.
- education.
- any of the above.
Q3 | Social mobility is measured by
- The extent to which an individual can move the strata to which he/she belongs.
- The promptness with which an individual accepts foreign assignments.
- The extent to which inter- caste marriage is encouraged by the society.
- The extent to which the society as a whole shifts its habitat.
Q4 | Lower power distance countries are characterized by
- relationships based on equality and informality.
- authority being accepted without question.
- managers being paternalistic.
- tall organizations structure.
Q5 | A country with high uncertainty avoidance will witness
- lower level of stress among people.
- decision taken as a result of group consensus.
- less dependence on rules and regulations.
- people are serene.
Q6 | As per cultural dimensions of Hofstede, masculinity refers to
- Male- female ratio in the country.
- Society dominated by male members.
- Society characterized by aggressive and materialistic behaviour.
- War- ridden societies.
Q7 | According to economic growth model of Rostow, passage of a country through thestages is
- in the order specified.
- in any order.
- in the order specified, but certain stages may be skipp
Q8 | A country in the stage of traditional society is characterized by
- existence of traditional rule.
- non existence of industries.
- predominance of agriculture.
- complete absence of literacy.
Q9 | The stage indicating highest level of economic growth is
- age of mass consumption.
- age of mass production.
- maturity.
- drive to maturity.
Q10 | The income level of residents in a country is indicated by
- gross national income.
- gross domestic product.
- per capita gross national income.
- per capita gross domestic product.
Q11 | For a country with relatively lower level of cost of living PPP per capita GNI will be
- lower than per capita GNI.
- higher than per capita GNI.
- same as per capita GNI.
- may be lower or higher than per capita GNI.
Q12 | In a business cycle, the phase preceding prosperity is
- recession.
- depression.
- recovery.
- recession or depression.
Q13 | Monetary policy relates to controlling
- money supply.
- money supply and interest rate.
- money supply, interest rate and exchange rate.
- credit creation by banks.
Q14 | Analysing the business environment best assists in
- Identifying key competitive forces; identifying competitive position; identifying key opportunities, threats, strengths and weaknesses.
- Auditing macro environmental influences; identifying key competitive forces; identifying competitive position; identifying key opportunities and threats.
- Auditing external and organisational factors; identifying key competitive forces; identifying competitive position; identifying key opportunities and threats.
- Assessing historical trends; auditing environmental dangers; identifying strategic capabilities; identifying competitive position.
Q15 | In relation to the PESTEL framework, which of the following statements is correct?
- It assists in the assessment of organisational strengths and weaknesses.
- It allows a detailed analysis of the structure of an industry.
- It can be used as a checklist to understand the different environmental influences in the macro environment.
- Takes an historical perspective on the main political, economic, sociocultural,
Q16 | The following factors are key drivers of globalisation
- Government action, exchange rates, competition and sociodemographic factors.
- Market convergence, competition, exchange rates and cost advantages.
- Cost advantages, government action, economic cycles and competition.
- Market, cost, competition and government policies.
Q17 | Scenarios are used to
- Develop a long term view of strategy.
- Build plausible views of different possible futures and develop a long term view of strategy.
- Identify key drivers of change.
- Develop a view of an environment which has a high degree of uncertainty, build plausible views of different possible futures and take a long term view of strategy.
Q18 | Porter suggests the following reasons for one nation being more competitive than another
- Ability to speak English; developed network of supporting industries; absence of competition; and low labour cost.
- Abundant natural resources; skilled labour force; temperate climate; and democracy.
- Factor conditions; demand conditions; related and supporting industries; and firm strategy, industry strategy and rivalry.
- Strong sporting ethos; emphasis on individual achievement; strong national party in power; large home market.
Q19 | The five forces that affect the level of competition in an industry are
- Threat of entrants; power of buyers; power of suppliers; threat of substitutes; competitive rivalry.
- Threat of buyers; power of entry; power of substitutes; threat of suppliers; threat of recession.
- Threat of recession; power of buyers; power of suppliers; threat of management failure; competitive rivalry.
- Threat of entry; power of buyers; power of suppliers; threat of substitutes; government action.
Q20 | In international business cheaper alternatives to litigation is/ are
- Conciliation.
- Arbitration.
- Negotiations.
- Conciliation and arbitration.
Q21 | A contract drafted under civil law differs from that drafted under common law in thefollowing respect
- It will be detailed.
- It will be shorter and less specific.
- It will provide less severe damages.
- It will be in detail.
Q22 | Ownership of intellectual property is recognized in law by granting
- Licenses.
- Patents.
- Copyrights.
- Patent, copyright or trademark as appropriate.