Global Management

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Questions Bank

MANAGEMENT
The History of Management
Organizational Environments and Cultures
Ethics and Social Responsibility
Planning and Decision Making
Organizational Strategy
Innovation and Change
Global Management
Designing Adaptive Organizations
Managing Teams
Managing Human Resource Systems
Managing Individuals and a Diverse Workforce
Motivation
Leadership
Managing Communication
Control
Managing Information
Managing Service and Manufacturing Operations

All Questions

Question 1

Free

Multiple Choice

Aldhurst Corp., a software manufacturing firm in Lochmount, a European country, bought Fairden Corp., a software manufacturing firm in Vertholt, an Asian country. This scenario is an example of _____ .

Choose correct answer/s

a strategic alliance

direct foreign investment

licensing

a joint venture

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Question 2

Free

Multiple Choice

Oldhust Corp., an electronics company in the country of Bigmount, bought Specden Corp., an electronics company in the country of Vertholt. This scenario is an example of _____ .

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strategic alliance

direct foreign investment

direct export

joint venture

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Question 3

Free

Multiple Choice

PriemCrest, an oral care company in the country of Holtmont, bought an oral care company called SerenCrest in the country of Hofstadden. This scenario is an example of _____ .

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strategic alliance

direct foreign investment

direct export

joint venture

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Question 4

Free

Multiple Choice

Lochmonden already has a company registered under the name of CreateOne. The Aldemeren company with the same brand name was not able to enter Lochmonden market. Hence, the Aldemeren CreateOne had to start a new company in the name of OneCreate to enter the market in Lochmonden. This scenario is an example of _____ .

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strategic alliance

direct foreign investment

direct export

joint venture

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Question 5

Free

Multiple Choice

Bardron, an information technology company in the country of Conimount, wanted to start its business in the country of Bertholt. Hence, it bought Lecden Corp, a severely underperforming information technology company in the country of Bertholt. This scenario is an example of _____ .

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strategic alliance

direct foreign investment

direct export

joint venture

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Question 6

Multiple Choice

DepDevs, an investment company in the country of Onimount, has purchased several small companies in Primelom, a third world country. DepDevs plans to revive these companies by investing their funds in them and improving their performances in the market. This scenario is an example of _____ .

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strategic alliance

direct foreign investment

direct export

joint venture

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Question 7

Multiple Choice

Hutlot Corp., a clothing company in the country of Pretnola, bought a small clothing company named Midlews in the country of Limlouth. Hutlot is going to sell its own designs through Midlews, and it believes that this venture will be extremely successful. This scenario is an example of _____ .

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strategic alliance

direct foreign investment

direct export

joint venture

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Question 8

Multiple Choice

Jimland's government has severe restrictions toward the entry of foreign companies into the country. A foreign company interested in Jimland would have to purchase an existing company in order to conduct its business there. Hence, companies can only enter Jimland through a _____ .

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strategic alliance

direct foreign investment

direct export

joint venture

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Question 9

Multiple Choice

_____ is a government's use of trade barriers to shield domestic companies and their workers from foreign competition.

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Protectionism

Developmentalism

Economic nationalism

Centralism

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Question 10

Multiple Choice

Which of the following best defines a tariff?

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It is a specific limit on the volume of imported goods.

It is a direct tax on imported goods.

It is a complete ban on trade of a certain item.

It is a limit on the number of products exported to a particular country.

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Question 11

Multiple Choice

Unlike nontariff barriers, tariffs _____ .

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decrease the cost of exported goods

increase the cost of imported goods

are direct taxes on imported goods

are nontax methods of reducing the volume of imported goods

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Question 12

Multiple Choice

_____ are defined as nontax methods of increasing the cost or reducing the volume of imported goods.

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Nontariff barriers

Grants

Nonresident barriers

Quorums

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Question 13

Multiple Choice

_____ are specific limits on the number or volume of imported products.

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Tariffs

Quotas

Subsidies

Embargoes

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Question 14

Multiple Choice

In the context of nontariff barriers, which of the following is a similarity between quotas and voluntary export restraints?

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Both impose a complete ban on any kind of trade with a specific country.

Both limit the amount of a product that can be imported annually.

Both are imposed by the exporting country rather than the importing country.

Both levy a direct tax on imported goods.

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Question 15

Multiple Choice

The difference between voluntary export restraints and quotas is that:

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unlike quotas, voluntary export restraints limit the amount of a product that can be imported annually.

unlike quotas, voluntary export restraints are imposed by the importing company.

unlike quotas, voluntary export restraints limit the amount of a product that can be exported annually.

unlike quotas, voluntary export restraints are imposed by the exporting company.

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Question 16

Multiple Choice

In the context of nontariff barriers, _____ include government loans, grants, and tax deferments given to domestic companies to protect them from foreign competition.

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export restraints

embargoes

quotas

subsidies

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Question 17

Multiple Choice

Which of the following trade barriers is established to protect the health and safety of citizens?

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Tariffs

Quotas

Government import standards

Voluntary export restraints

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Question 18

Multiple Choice

The _____ is a worldwide trade agreement that reduced and eliminated tariffs, limited government subsidies, and established protections for intellectual property.

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Asia-Pacific Economic Cooperation

General Agreement on Tariffs and Trade

Tripartite Free Trade Agreement

Maastricht Treaty

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Question 19

Multiple Choice

Which of the following statements is true of the World Trade Organization (WTO)?

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It ensures that trade between nations flows as predictably and freely as possible.

It transforms different economies and currencies into one common economic market.

It aims to create a unified South America by permitting free movement between nations.

It aims to establish regions in Europe as a single market by eliminating all tariffs by 2019.

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Question 20

Multiple Choice

Which of the following is a regional trade agreement between most European countries?

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The Maastricht Treaty of Europe

The Single European Act

The EEC and EURATOM treaties

The Treaty of Brussels

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