MBA-4 International Business
MBA-4 International Business
1. Productivity can be defined as
a. Total average outcome b. Efficient production methods
c. Efficient use of resources d. Higher profits through production
2. Closed economy does not promote
a. Employment
b. Learning
c. Living standards
d. Growth opportunities
3. Globalization can be benefit from capital standpoint to
a. Liberals
b. Conservatives
c. Geeks
d. Reformists
4. Business in globalized area is more complicated due to
a. Challenge to gain profits
b. Increased participation and open markets
c. High dependence of technology
d. Rules and regulations
5. Top down and bottom up approach reflects ------------ of the organization
a. Assumptions
b. Values
c. Dynamism
d. Leadership
6. ―Melting pot‖ reflects the concept of
a. Losing of some dominant cultural characteristics
b. Historical changes
c. Cultural shock
d. Ideas melt down
7. The determinants of culture primarily come from
a. Culture
b. Society
c. Dimensions
d. Nations
8. The concept of social mobility refers to
a. Extent to which individuals move out from the strata they are born
b. Move to the other countries
c. Mingle with other societies and culture
d. More towards to communities and upwardly mobile
9. The concept of free trade refers to
a. Doing trade freely
b. Finding out openings in trade
c. No influence or interruption from government
d. Free trade zones
10. Hecksher-ohlin theory proposed the following theory
a. Product life cycle theory
b. Trade theory
c. Mercantilism theory
d. Production centric theory
11. The main promoter of trade liberalization was
a. GATT
b. NAFTA
c. CEPTA
d. CISA
12. The most famous meeting through which led to formation of WTO was
a. Qatar round
b. Uruguay round
c. Sweden round
d. Manila round
13. In general, the discourses of globalization can be categorized into:
a. Political, Economic, Cultural and Technological.
b. Political, Economic, Ethnic and Technological.
c. Political, Economic, Ethnic and Physical.
d. Political, Ecological, Cultural and Technological.
14. When we take a look at the world we live in today and the global presence of giant multinational corporations, there seems to be plenty of evidence in the existence of ________globalization.
a. ecological
b. business
c. commercial
d. economic
15. Globalization has been perceived as posing significant threats to businesses. Which of the following statement is true?
a. The stability of the global business environment is threatened due to the increasing vulnerability of national economies to global macroeconomic volatility
b. The increased economic integration makes it more difficult for national governments to speculate on tax increases
c. Globalization inevitably makes organizations less efficient due to increased costs of doing business internationally
d. Many anti-globalization protestors have contributed to increased global terrorism
16. Which of the following best describes what the term internationalization means?
a. A pattern of investment in foreign markets
b. International expansion by appointing foreign agencies
c. The growing involvement of an organization in international operations
d. Increasing transactions based on foreign sales
17. Time-space compression is:
a. Capitalism‘s insatiable requirement for new markets and profits, which lead inevitably to the globalization of economic activity.
b. A shared ecology involving shared environmental problems, from global warming to species protection, alongside the creation of multilateral responses and regimes of global environmental governance.
c. Central to any account of globalization since it is a truism that without modern communications infrastructures, in particular, a global system or worldwide economy would not be possible.
d. The technologically induced erosion of distance and time giving the appearance a world that is in communication terms shrinking.
18. To acquire regional expertise and comply with local laws in the global market, many domestic firms have found it desirable to:
a. Form political action committees
b. Buy foreign products to beat tariff restrictions
c. Form strategic alliances with companies in foreign countries
d. Retrench their home markets
19. Active ownership (either a controlling interest or large minority interest) of a foreign company or overseas manufacturing or marketing facilities is an example of:
a. Market grouping
b. Import broker
c. A licensee
d. A direct investment
20.Why has the neo-neo debate dominated international theory?
a. The debate has not dominated international theory
b. Because it represents a debate between paradigms that define an agenda for research, policymaking, the field of study
c. Because academics want to keep the debate alive by inventing new theories
d. None of the above
21. Which two of the following are the most likely effects of the imposition of a tariff on an imported good?
a. The domestic price of the imported good will fall
b. Overseas production of the good may be stimulated
c. Overseas employment will rise
d. The domestic price of the imported good will rise
e. Gain of tax revenue by the government
22. Which two of the following arguments are most likely to be used to justify protectionism?
a. To protect high cost domestic industries
b. To protect strategically important industries
c. To protect industries which are still immature
d. To maximise government tax revenue
23. Where the member countries of a trading bloc may suffer because they have to buy products from within the bloc when cheaper sources are often available from outside the bloc.
a. Multi trade effect
b. Non trade effect
c. Unitrade system
d. Escalation system
24. A form of protection which is often used to protect the agricultural sector in EU countries
a. public sector
b. voluntary reforms
c. excahnge controls
d. tariffs on imports
25. When a central bank is trying to maintain an over-valued currency by buying its own
currency on the foreign exchange market, sterilization of that transaction means for it
to
a. Buy foreign currency
b. Sell foreign currency
c. Buy domestic bonds
d. Sell domestic bonds
e. Devalue
26. Sterilization of exchange-market transactions by a central bank means to prevent
those transactions from affecting
a. The level of its reserves
b. The level of the domestic money supply
c. The level of the foreign money supply
d. The spot exchange rate
e. The forward exchange rate
27. If Canada were pegging the Canadian dollar to the U.S. dollar and also trying to
sterilize the effects of its exchange market intervention, then when it buys U.S.
dollars on the foreign exchange market, it should
a. Sell Canadian government bonds.
b. Buy Canadian government bonds..
c. Sell U.S. government bonds.
d. Buy U.S. government bonds.
e. Sell Canadian dollars.
28. If a country‘s currency is undervalued, and if its central bank is pegging its exchange
rate but not sterilizing the effects of its intervention, then which of the following will
happen?
a. Its central bank will sell its own currency on the foreign exchange market.
b. Its central bank will gain reserves of foreign currency.
c. The country‘s money supply will expand.
d. The central bank will buy foreign currency on the foreign exchange market.
e. All of the above.
29. The deadweight loss of a tariff
a. is a social loss because it promotes inefficient use of national resources.
b. is a social loss because it reduces the revenue of the government.
c. is not a social loss because it merely redistributes revenue from one sector to another.
d. is not a social loss because it is paid for by rich corporations.
e. None of the above.
30. Tariffs are not usually defended on the ground that they
a. improve the terms of trade of foreign nations.
b. protect jobs and reduce unemployment.
c. promote growth and development of young industries.
d. prevent over-dependence of a country on only a few industries.
e. None of the above.
31. The most vocal political pressure for tariffs is generally made by
a. consumers lobbying for export tariffs.
b. consumers lobbying for import tariffs.
c. consumers lobbying for lower import tariffs.
d. producers lobbying for export tariffs.
e. producers lobbying for import tariffs.
32. A policy of tariff reduction in the computer industry is
a. In the interest of the United States as a whole and in the interest of computer
Producing regions of the country.
b. In the interest of United States as a whole but not in the interest of computer
Producing regions of the country.
c. Not in the interest of the United States as a whole but in the interests of computer
Producing regions of the country.
d. not in the interest of the United States as a whole and not in the interests of computer
Consumers.
e. None of the above.
33. In determining salesforce size, when a company groups accounts into different size classes and then determines the number of salespeople needed to call on them the desired number of times, it is called the:
a. key-size approach.
b. work-load approach.
c. product-need approach.
d. call-service approach.
34 ____________________ are products bought by individuals and organizations for further processing or for use in conducting a business.
a. Consumer products
b. Services
c. Industrial products
d. Specialty products
35. ________________ have contractual authority to sell a manufacturer's entire output.
a. Selling agents
b. Rack jobbers
c. Manufacturer's agents
d. Purchasing agents
36 Sellers that handle their own exports are engaged in:
a. Direct exporting.
b. Indirect exporting.
c. licensing.
d. Contract manufacturing.
37. When a company enters a new product category for which its current brand names are not appropriate, it will likely follow which of the following brand strategies?
a. Product extensions
b. Line extensions
c. Brand extensions
d. New brands
38. In terms of special product life cycles, a _____________ is a basic and distinctive mode of expression.
a. Genre
b. Style
c. Fashion
d. Fad
39. __________________ is the process of evaluating each market segment's attractiveness and selecting one or more segments to enter.
a. Mass marketing
b. Market segmentation
c. Market targeting
d. Market positioning
40. _______________ factors are the most popular bases for segmenting customer groups.
a. Geographic
b. Demographic
c. Psychographic
d. Behavioral
2 Marks
1. Capital flow has witnessed the following:
a. Private investments
b. Venture capitalists
c. Credit rating agencies
d. Flow of migrants
2. Outward oriented policies promote
a. Increased trade and investment
b. Advance economies
c. Research and development
d. Societal growth
3. Values and norms are influenced by
a. Geography and religion
b. Political and economic philosophy, social structure ,religion and structure
c. Education and books
d. Concepts and theory
4. The two main dimension of social structures are
a. Sacred beliefs and personal values
b. Group dimension and stratification dimension
c. Societal beliefs and hierarchy
d. Racial dimensions and trade theory
5. The new trade theory restricts to the fact that
a. Scale of economies
b. Production capacity of the firms
c. Specialize on a particular line and attain sustainability
d. Maintain the cost of goods.
6. The first mover advantage comes with
a. Ability of countries to export more
b. Substantial access to the markets
c. Growth in terms technology
d. Production factors increased
7. Before beginning the market segmentation process, a firm should:
a. Identify bases for segmenting markets
b. Forecast total market potential
c. Forecast market share
d. Select target market segments
8. .Segmentation by benefits sought is a type of product-related segmentation:
a. To determine the marketer's effectiveness in satisfying the consumer
b. Used to create a psychographic profile of the benefit of having the product as a common alternative
c. As a postconsumption evaluation tool
d. That focuses on the attributes that people seek in a product
9. ―Conditionality‖ as used in this course refers to:
a. Tariff reductions in one country that are conditional on tariff reductions by that
country‘s trading partners
b. IMF loans that are conditional on economic reforms by the borrowing country
c. World Bank loans that are conditional on developing an environmental action
plan by the borrowing country
d. World Bank loans that are conditional on IMF loans
10 . The geography of world trade in wheat is characterized by:
a. Exports by northern and southern latitude countries and imports by countries near
the equator (30° north to 30° south)
b. Exports by countries near the equator and imports by northern and southern
latitude countries
c. Exports by southern latitude countries and imports by northern latitude and
equatorial countries
d. No significant geographical patterns in trade
11. The American company wanted its Spanish ad to read, "The business-to-consumer model is dead." When it had the Spanish ad translated back into English, it discovered the ad read, "The business-to-I drift of the consumer it is dead." This example shows why _____ is so important to global marketers.
a. counter-language
b. enthnocentric calibration
c. language mirroring
d. semiotic culture
e. back translation
1. Productivity can be defined as
a. Total average outcome b. Efficient production methods
c. Efficient use of resources d. Higher profits through production
2. Closed economy does not promote
a. Employment
b. Learning
c. Living standards
d. Growth opportunities
3. Globalization can be benefit from capital standpoint to
a. Liberals
b. Conservatives
c. Geeks
d. Reformists
4. Business in globalized area is more complicated due to
a. Challenge to gain profits
b. Increased participation and open markets
c. High dependence of technology
d. Rules and regulations
5. Top down and bottom up approach reflects ------------ of the organization
a. Assumptions
b. Values
c. Dynamism
d. Leadership
6. ―Melting pot‖ reflects the concept of
a. Losing of some dominant cultural characteristics
b. Historical changes
c. Cultural shock
d. Ideas melt down
7. The determinants of culture primarily come from
a. Culture
b. Society
c. Dimensions
d. Nations
8. The concept of social mobility refers to
a. Extent to which individuals move out from the strata they are born
b. Move to the other countries
c. Mingle with other societies and culture
d. More towards to communities and upwardly mobile
9. The concept of free trade refers to
a. Doing trade freely
b. Finding out openings in trade
c. No influence or interruption from government
d. Free trade zones
10. Hecksher-ohlin theory proposed the following theory
a. Product life cycle theory
b. Trade theory
c. Mercantilism theory
d. Production centric theory
11. The main promoter of trade liberalization was
a. GATT
b. NAFTA
c. CEPTA
d. CISA
12. The most famous meeting through which led to formation of WTO was
a. Qatar round
b. Uruguay round
c. Sweden round
d. Manila round
13. In general, the discourses of globalization can be categorized into:
a. Political, Economic, Cultural and Technological.
b. Political, Economic, Ethnic and Technological.
c. Political, Economic, Ethnic and Physical.
d. Political, Ecological, Cultural and Technological.
14. When we take a look at the world we live in today and the global presence of giant multinational corporations, there seems to be plenty of evidence in the existence of ________globalization.
a. ecological
b. business
c. commercial
d. economic
15. Globalization has been perceived as posing significant threats to businesses. Which of the following statement is true?
a. The stability of the global business environment is threatened due to the increasing vulnerability of national economies to global macroeconomic volatility
b. The increased economic integration makes it more difficult for national governments to speculate on tax increases
c. Globalization inevitably makes organizations less efficient due to increased costs of doing business internationally
d. Many anti-globalization protestors have contributed to increased global terrorism
16. Which of the following best describes what the term internationalization means?
a. A pattern of investment in foreign markets
b. International expansion by appointing foreign agencies
c. The growing involvement of an organization in international operations
d. Increasing transactions based on foreign sales
17. Time-space compression is:
a. Capitalism‘s insatiable requirement for new markets and profits, which lead inevitably to the globalization of economic activity.
b. A shared ecology involving shared environmental problems, from global warming to species protection, alongside the creation of multilateral responses and regimes of global environmental governance.
c. Central to any account of globalization since it is a truism that without modern communications infrastructures, in particular, a global system or worldwide economy would not be possible.
d. The technologically induced erosion of distance and time giving the appearance a world that is in communication terms shrinking.
18. To acquire regional expertise and comply with local laws in the global market, many domestic firms have found it desirable to:
a. Form political action committees
b. Buy foreign products to beat tariff restrictions
c. Form strategic alliances with companies in foreign countries
d. Retrench their home markets
19. Active ownership (either a controlling interest or large minority interest) of a foreign company or overseas manufacturing or marketing facilities is an example of:
a. Market grouping
b. Import broker
c. A licensee
d. A direct investment
20.Why has the neo-neo debate dominated international theory?
a. The debate has not dominated international theory
b. Because it represents a debate between paradigms that define an agenda for research, policymaking, the field of study
c. Because academics want to keep the debate alive by inventing new theories
d. None of the above
21. Which two of the following are the most likely effects of the imposition of a tariff on an imported good?
a. The domestic price of the imported good will fall
b. Overseas production of the good may be stimulated
c. Overseas employment will rise
d. The domestic price of the imported good will rise
e. Gain of tax revenue by the government
22. Which two of the following arguments are most likely to be used to justify protectionism?
a. To protect high cost domestic industries
b. To protect strategically important industries
c. To protect industries which are still immature
d. To maximise government tax revenue
23. Where the member countries of a trading bloc may suffer because they have to buy products from within the bloc when cheaper sources are often available from outside the bloc.
a. Multi trade effect
b. Non trade effect
c. Unitrade system
d. Escalation system
24. A form of protection which is often used to protect the agricultural sector in EU countries
a. public sector
b. voluntary reforms
c. excahnge controls
d. tariffs on imports
25. When a central bank is trying to maintain an over-valued currency by buying its own
currency on the foreign exchange market, sterilization of that transaction means for it
to
a. Buy foreign currency
b. Sell foreign currency
c. Buy domestic bonds
d. Sell domestic bonds
e. Devalue
26. Sterilization of exchange-market transactions by a central bank means to prevent
those transactions from affecting
a. The level of its reserves
b. The level of the domestic money supply
c. The level of the foreign money supply
d. The spot exchange rate
e. The forward exchange rate
27. If Canada were pegging the Canadian dollar to the U.S. dollar and also trying to
sterilize the effects of its exchange market intervention, then when it buys U.S.
dollars on the foreign exchange market, it should
a. Sell Canadian government bonds.
b. Buy Canadian government bonds..
c. Sell U.S. government bonds.
d. Buy U.S. government bonds.
e. Sell Canadian dollars.
28. If a country‘s currency is undervalued, and if its central bank is pegging its exchange
rate but not sterilizing the effects of its intervention, then which of the following will
happen?
a. Its central bank will sell its own currency on the foreign exchange market.
b. Its central bank will gain reserves of foreign currency.
c. The country‘s money supply will expand.
d. The central bank will buy foreign currency on the foreign exchange market.
e. All of the above.
29. The deadweight loss of a tariff
a. is a social loss because it promotes inefficient use of national resources.
b. is a social loss because it reduces the revenue of the government.
c. is not a social loss because it merely redistributes revenue from one sector to another.
d. is not a social loss because it is paid for by rich corporations.
e. None of the above.
30. Tariffs are not usually defended on the ground that they
a. improve the terms of trade of foreign nations.
b. protect jobs and reduce unemployment.
c. promote growth and development of young industries.
d. prevent over-dependence of a country on only a few industries.
e. None of the above.
31. The most vocal political pressure for tariffs is generally made by
a. consumers lobbying for export tariffs.
b. consumers lobbying for import tariffs.
c. consumers lobbying for lower import tariffs.
d. producers lobbying for export tariffs.
e. producers lobbying for import tariffs.
32. A policy of tariff reduction in the computer industry is
a. In the interest of the United States as a whole and in the interest of computer
Producing regions of the country.
b. In the interest of United States as a whole but not in the interest of computer
Producing regions of the country.
c. Not in the interest of the United States as a whole but in the interests of computer
Producing regions of the country.
d. not in the interest of the United States as a whole and not in the interests of computer
Consumers.
e. None of the above.
33. In determining salesforce size, when a company groups accounts into different size classes and then determines the number of salespeople needed to call on them the desired number of times, it is called the:
a. key-size approach.
b. work-load approach.
c. product-need approach.
d. call-service approach.
34 ____________________ are products bought by individuals and organizations for further processing or for use in conducting a business.
a. Consumer products
b. Services
c. Industrial products
d. Specialty products
35. ________________ have contractual authority to sell a manufacturer's entire output.
a. Selling agents
b. Rack jobbers
c. Manufacturer's agents
d. Purchasing agents
36 Sellers that handle their own exports are engaged in:
a. Direct exporting.
b. Indirect exporting.
c. licensing.
d. Contract manufacturing.
37. When a company enters a new product category for which its current brand names are not appropriate, it will likely follow which of the following brand strategies?
a. Product extensions
b. Line extensions
c. Brand extensions
d. New brands
38. In terms of special product life cycles, a _____________ is a basic and distinctive mode of expression.
a. Genre
b. Style
c. Fashion
d. Fad
39. __________________ is the process of evaluating each market segment's attractiveness and selecting one or more segments to enter.
a. Mass marketing
b. Market segmentation
c. Market targeting
d. Market positioning
40. _______________ factors are the most popular bases for segmenting customer groups.
a. Geographic
b. Demographic
c. Psychographic
d. Behavioral
2 Marks
1. Capital flow has witnessed the following:
a. Private investments
b. Venture capitalists
c. Credit rating agencies
d. Flow of migrants
2. Outward oriented policies promote
a. Increased trade and investment
b. Advance economies
c. Research and development
d. Societal growth
3. Values and norms are influenced by
a. Geography and religion
b. Political and economic philosophy, social structure ,religion and structure
c. Education and books
d. Concepts and theory
4. The two main dimension of social structures are
a. Sacred beliefs and personal values
b. Group dimension and stratification dimension
c. Societal beliefs and hierarchy
d. Racial dimensions and trade theory
5. The new trade theory restricts to the fact that
a. Scale of economies
b. Production capacity of the firms
c. Specialize on a particular line and attain sustainability
d. Maintain the cost of goods.
6. The first mover advantage comes with
a. Ability of countries to export more
b. Substantial access to the markets
c. Growth in terms technology
d. Production factors increased
7. Before beginning the market segmentation process, a firm should:
a. Identify bases for segmenting markets
b. Forecast total market potential
c. Forecast market share
d. Select target market segments
8. .Segmentation by benefits sought is a type of product-related segmentation:
a. To determine the marketer's effectiveness in satisfying the consumer
b. Used to create a psychographic profile of the benefit of having the product as a common alternative
c. As a postconsumption evaluation tool
d. That focuses on the attributes that people seek in a product
9. ―Conditionality‖ as used in this course refers to:
a. Tariff reductions in one country that are conditional on tariff reductions by that
country‘s trading partners
b. IMF loans that are conditional on economic reforms by the borrowing country
c. World Bank loans that are conditional on developing an environmental action
plan by the borrowing country
d. World Bank loans that are conditional on IMF loans
10 . The geography of world trade in wheat is characterized by:
a. Exports by northern and southern latitude countries and imports by countries near
the equator (30° north to 30° south)
b. Exports by countries near the equator and imports by northern and southern
latitude countries
c. Exports by southern latitude countries and imports by northern latitude and
equatorial countries
d. No significant geographical patterns in trade
11. The American company wanted its Spanish ad to read, "The business-to-consumer model is dead." When it had the Spanish ad translated back into English, it discovered the ad read, "The business-to-I drift of the consumer it is dead." This example shows why _____ is so important to global marketers.
a. counter-language
b. enthnocentric calibration
c. language mirroring
d. semiotic culture
e. back translation
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