MGT 510 Midterm and Final Exam – Strayer NEW
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Chapters 1 Through 15
Chapter 1 Multinational Management in a Changing World
MULTIPLE CHOICE
1. Businesses of all sizes are increasingly
looking for global opportunities because
|
a.
|
Trade barriers are
falling.
|
|
b.
|
Money is flowing
more freely across countries.
|
|
c.
|
The world is
becoming one interconnected economy.
|
|
d.
|
All of the above.
|
AACSB Analytic,
Strategy
PTS: 1
2. Globalization is
|
a.
|
The trend of
businesses expanding beyond their domestic boundaries.
|
|
b.
|
Increasing average
temperature over the globe.
|
|
c.
|
The increased use
of global satellite communication systems.
|
|
d.
|
A strategy of
developing unique products for each nation in the world.
|
AACSB Reflective thinking,
Environmental influence
PTS: 1
3. Which of the following would not be
considered a basic source of globalization?
|
a.
|
Similar customer
needs
|
|
b.
|
Falling of trade
barriers
|
|
c.
|
Advances in
communication technology
|
|
d.
|
Differentiation
among countries
|
AACSB Reflective
Thinking, Environmental influence
PTS: 1
4. Multinational management is
|
a.
|
A strategy of
developing similar strategies for different countries.
|
|
b.
|
The trend of
business expanding beyond local boundaries.
|
|
c.
|
The formulation and
design of management systems to successfully take advantage of international
opportunities and respond to international threats.
|
|
d.
|
None of the above
|
AACSB Reflective
thinking, Strategy
PTS: 1
5. According to the text, the multinational
company
|
a.
|
Is required to be a
public corporation.
|
|
b.
|
Is any company that
engages in any business function across borders.
|
|
c.
|
Must sell overseas
to be a true multinational.
|
|
d.
|
Must be large.
|
AACSB Reflective
thinking, Strategy
PTS: 1
6. Which of the following is not a
classification of economic systems noted in the text?
|
a.
|
Domestic economies
|
|
b.
|
Transition
economies
|
|
c.
|
LDCs
|
|
d.
|
Emerging markets
|
AACSB Reflective
thinking, Environmental influence
PTS: 1
7. Transition economies are
|
a.
|
Mature economies
with substantial per capita GDP and international trade.
|
|
b.
|
Led by Hong Kong,
Singapore, South Korea, and Taiwan.
|
|
c.
|
Countries changing
from government-controlled or
communistic economies to a more free market capitalism.
|
|
d.
|
None of the above
|
AACSB Reflective
thinking, Environmental influence
PTS: 1
8. Emerging markets include
|
a.
|
OECD countries.
|
|
b.
|
Brazil, China,
Russia, India.
|
|
c.
|
Korea, Japan and
USA.
|
|
d.
|
Hungary, Poland,
Slovakia.
|
AACSB Reflective
thinking, Environmental influence
PTS: 1
9. Developing economies are
|
a.
|
Mature economies
with substantial per capita GDP and international trade.
|
|
b.
|
Hong Kong,
Singapore, and Taiwan.
|
|
c.
|
Countries in the
process of changing their economies from government-controlled to a more free
market capitalism.
|
|
d.
|
None of the above
|
AACSB Reflective
thinking, Environmental influence
PTS: 1
10. Emerging markets are defined as those that are:
|
a.
|
Growing rapidly.
|
|
b.
|
Transitioning from
a communist-controlled economy to capitalism.
|
|
c.
|
Seen to have impact
only sporadically.
|
|
d.
|
Enjoying a mature
economy.
|
AACSB Reflective
thinking, Environmental influence
PTS: 1
11. Major regional trade agreements include all of the following
EXCEPT
|
a.
|
EU.
|
|
b.
|
NAFTA.
|
|
c.
|
APEC.
|
|
d.
|
PROTEC.
|
AACSB Reflective
thinking, Legal responsibilities
PTS: 1
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