Quiznetik

Management of International Business | Set 3

1. Ethnocentric orientation is a predisposition towards —

Correct : B. the home country

2. Pull factors refer to —

Correct : A. offensive motives of internationalization

3. Business entities engaged in international business activity are commonly known as-

Correct : D. TNCs

4. Credits transferable by original beneficiary in favor of secondary beneficiary areknown as

Correct : A. Deferred credits

5. When the exporter, expects the importer, to make the payment immediately upon the draft being presented to him is called.

Correct : A. Sight Draft.

6. The basic objective of export Promotion Council is to promote and develop the Exports of the

Correct : A. Particular products of country

7. Ethical issues concerning business and public sector organizations exist at three levels:

Correct : A. Macro; Corporate; Individual.

8. The culture of an organization can be conceived as consisting of four layers.

Correct : C. Belief, tasks, personalities.

9. The primary stakeholders are:

Correct : C. Shareholders.

10. The goal of corporate governance and business ethics education is to:

Correct : D. Increase the workload for accounting students.

11. The corporate governance structure of a company reflects the individual companies’

Correct : A. Cultural and economic system.

12. The internal audit function is least effective when the department:

Correct : A. Is non-independent.

13. Under which theory both internal and external corporate governance mechanisms are Intended to induce managerial actions that maximize profit and shareholder value.

Correct : D. Corporate governance theory.

14. Which theory states that, lack of resources often helps countries to become competitive

Correct : B. Porters Diamond Model

15. Theory of Mercantilism propagates

Correct : D. Discourage exports and encourage imports

16. General electric follows ___________ as its international operational strategy

Correct : C. Multi-domestic

17. In 90’s the global management perception was based on

Correct : D. Local responsiveness

18. Which one is not an international organisation

Correct : A. SAARC

19. 'De-coupling' denotes.

Correct : D. None of the above.

20. Out of the following, one is not related with WTO

Correct : D. TRAI

21. What is Euro-lll?

Correct : A. European Currency

22. A letter of credits means

Correct : A. A bank agreeing to accept and pay on due date

23. The 21st member to join the G-20 is

Correct : C. Myanmar

24. Each member of IMF, is assigned a quota expressed in

Correct : B. Dollar

25. In independent India, the first major foreign exchange crisis occurred in the year __ .

Correct : C. 1969

26. Geographical indication specifies:

Correct : A. Place of origin of goods only

27. Strategic alliance cannot be between:

Correct : C. Non- competitors

28. The mode of entry into international business with least risk to the firm is

Correct : D. Merchant exporter.

29. A global company can----------- its experience to expand its global operations

Correct : A. Contract

30. Governmental regulations can affect the viability & ----------- of a company using the internet as a foreign market entry mode.

Correct : C. Performance

31. ______ typically offer more flexibility in international markets.

Correct : D. None of the above

32. Which of the following is not a driver of globalization?

Correct : C. Multinational companies successfully persuading governments to lower trading barriers.

33. Globalization is beneficial for firms because:

Correct : B. It cushions them from the effects of events in other countries.

34. The internet facilitates globalization by:

Correct : A. Making it more difficult to contact potential customers abroad.

35. Globalization can create problems for business because:

Correct : B. It increases vulnerability to political risk and uncertainty when operating abroad.

36. How does international law facilitate international trade and investment?

Correct : C. The terms used in international conventions are open to differing interpretations.

37. Laws relating to The Single Market Program allow EU-based companies to:

Correct : A. Move goods and services from any member state to another.

38. Competition Law in the EU means that firms:

Correct : C. Can not be made to repay government financial assistance.

39. The existence of different currencies is beneficial to private financial institutions because:

Correct : A. Each country has its own currency.

40. The International Monetary Fund is important because:

Correct : A. It has sufficient financial resources to deal with a major global financial crisis.

41. What functions do financial institutions traditionally perform?

Correct : A. They immobilise savings.

42. Ethnocentric views concentrate on their

Correct : A. home country

43. Specific cultural dimensions that does not have a significant impact on cross national business interactions is

Correct : D. Geography