MGT EXAM FINAL 3 ALL ANSWERS 100% CORRECT SPRING FALL -2022 LATEST GUARANTEE GRADE A+
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Course
MGT 302 (MGT302)
Institution
Arizona State University
Which of the following terms refers to the unit cost reductions associated
with large-sized outputs? economies of scale
2. Refers to the extent to which a country is girted with such resources as land,
labor, and capital? factor endowments
3. Porter argues that a nation’s firms again compet...
which of the following terms refers to the unit cost reductions associated with large sized outputs
refers to the extent to which a country is girted with such resources as l
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MGT 302 (MGT302)
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MGT EXAM FINAL 3 ALL ANSWERS 100%
CORRECT SPRING FALL -2022 LATEST
GUARANTEE GRADE A+
1. Which of the following terms refers to the unit cost reductions associated
with large-sized outputs? 【economies of scale】
2. Refers to the extent to which a country is girted with such resources as land,
labor, and capital? 【factor endowments】
3. Porter argues that a nation’s firms again competitive advantage if 【 their
domestic consumers are demanding】
4. What will happen, according to Paul Samuelson’s critique, if a rich country
enters into a free trade agreement with a poor country? 【the poor country
will rapidly improve its productivity】
5. Country A can produce product X, but it can also but it at a cheaper rate from
B which produces it move efficiently, which of the following courses of actions
is suitable in this situation according to Adam Smith’s 【 Country A should
import product X from country B and it should not attempt to produce it at
home】
6. A major criticism of the product life-cycle theory introduced by Vernon?
【The theory’s arguments seem ethnocentric and increasingly outdated】
7. A situation where a government does not attempt to influence through quotas
or duties what its citizens can buy from another country? 【Free trade】
8. Main principle of mercantilism? 【 It is in a country’s best interests to
maintain a trade surplus】
9. A country has an absolute advantage in the production of a product when it
【is more efficient than another country in producing it】
10. True of the Leontief Paradox? 【It raised questions about the validity of the
Heckscher-Ohlin theory】
11. Seeks the best people for key jobs throughout the organization, regardless of
nationality.【geocentric staffing policy】
12. Management development programs aim to 【 build a unifying corporate
culture】
13. The most important advantage of using a geocentric staffing policy? 【 It
enables the firm to build a cadre of international executives who feel at home
working in a number of cultures】
14. A foreign service premium is 【the extra pay that an expatriate receives for
working outside his or her country of origin】
15. Cultural myopia refers to a firm’s failure to 【 understand host-country
cultural differences】
16. Practical Training is 【 aimed at helping the expatriate manager and family
ease themselves into day-to-day life in the host country】
17. When evaluating expatriate managers, home-country managers usually rely
on 【hard data such as market share】
18. A citizen of Japan who moves to the U.S. to work at Boeing is a 【inpatriate】
19. Bringing managers together in one location for extended periods and rotating
them through different jobs in several countries is a part of 【managementdevelopment
programs】
, 20. Concerned with the selection of employees for particular jobs 【 Staffing
Policy】
21. Typically centralized at a firm’s headquarters? 【Overall firm strategy】
22. The main problem with the worldwide product division structure is that
【can be weak in local responsiveness because it gives limited voice】
23. True about a product divisional structure? 【In a product divisional structure,
each product division is responsible for a distinct product line】
24. An argument favoring centralization 【 It can avoid the duplication of
activities】
25. Metrics used to measure the performance of subunits and make judgments
about how well managers are running those subunits? 【Control system】
26. Arises due to an international division structure? 【 The heads of foreign
subsidiaries are not gives as much voice】
27. Global learning based on the multidirectional transfer to skills between
subsidiaries and the corporate center feature of a firm pursuing a
【transnational】
28. In the classic global matric structure, horizontal differentiation proceeds
along two dimensions.【product division and geographic area】
29. Organizational structure means all of the following EXCEPT 【the manner in
which decisions are made and work is performed by individuals】
30. The norms and values systems that are shared among the employees of a
company are referred to 【organizational culture】
31. Hidden cost associated with basing production in a foreign location 【 high
employee turnover】
32. The idea that valuable knowledge does not reside just in a firm’s domestic
operations but 【global learning】
33. According to the concept of economies of scale ， as plant output expands
【units cost decrease】
34. Statements is true of products with high value-to –weight ratios 【relatively
inexpensive and weigh a lot】
35. Make-or-buy decisions are decisions about 【 whether or not to outsource
value creation activities】
36. A major source of the improvement that is often observed in the capabilities
of a foreign production site 【 increasing abundance of advanced factors of
production in the nation where the factory is located】
37. A 【 specialized asset 】 is an asset whose value is contingent upon a
particular relationship persisting.
38. Makes being dependent on one location for manufacturing particularly risky?
【floating exchange rates】
39. Concentration of production is appropriate when 【 the product serves
universal needs】
40. An advantage of engaging in in-house production of products and
components is that 【it enables a firm to protect the proprietary technologies
that it has 】
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