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