CBA 300 Exam with Questions and Answers
Which is NOT one of the elements of the model developed by Pankaj Ghemawat, of IESE Business School in Barcelona, as a useful framework for understanding the operating challenges facing international businesses because of national differences? ANSWER Labor...
CBA 300 Exam with Questions and
Answers
Which is NOT one of the elements of the model developed by Pankaj Ghemawat, of IESE
Business School in Barcelona, as a useful framework for understanding the operating
challenges facing international businesses because of national differences? ANSWER Labor
distance
Which of the following describes a difference between international and domestic business?
ANSWER Domestic business involves transactions that use one currency; international
business involves transactions that use multiple currencies.
The firms in which country pioneered just-in-time inventory management techniques?
ANSWER Japan
Buying products made in other countries for use or resale in one's own country is known as
which of the following? ANSWER Importing
Which of the following is a type of international investment that involves the purchase of
foreign financial assets for a purpose other than control? ANSWER Foreign portfolio
investment
Melanie works in the United States selling computer hardware to a company in Germany.
This is known as which of the following? ANSWER Merchandise export
Jamal's company sells the rights to use its logo to a foreign company. This is an example of
which of the following? ANSWER International licensing
,Stephanie works for a company that has branches in more than 50 countries. Her company
can best be described as which of the following? ANSWER Multinational corporation
Walmart is based in the United States. Walmart opens a store in Alberta, Canada. Which of
the following best describes Canada's relationship with Walmart? ANSWER Host country
Which of the following BEST describes the difference between merchandise import and
service import? ANSWER Merchandise import involves purchasing tangible items from a
foreign company; service import involves purchasing intangible products from a foreign
company.
Which of the following BEST describes the difference between a multinational corporation
and a multinational organization? ANSWER multinational organization is an organization
that has involvement in multiple countries and may be for-profit or not-for-profit; a
multinational corporation is a for-profit organization that has involvement in multiple
countries.
Which of the following describes a primary difference between international licensing and
international franchising? ANSWER International licensing involves only intellectual
property such as patents, trademarks, brand names, and copyrights; international franchising
involves operating systems as well.
ABC Medical Products acquires 51 percent of XYZ Productos Medicos, a Mexican
corporation. Which of the following is this an example of? ANSWER Foreign direct
investment (FDI)
Jose's company agrees to operate facilities for a firm in another country for an agreed-upon
fee. This is an example of which of the following? ANSWER International management
contract
, In the United Kingdom, service exports and imports such as banking, travel, and accounting
activities are known as ________ trade. ANSWER invisible
When Denzel's firm authorizes a firm in a second country to use its patents, the firm is
engaging in ________________________ ANSWER international licensing activities
The purchase of all the common stock of the UK's Cadbury PLC by Kraft is an example of
_____________________. ANSWER foreign direct investment
International trade and investment declined throughout the 1930s as a result of
_______________. ANSWER increased tariffs and quotas
Which of the following is NOT a reason that has compelled firms to become more global?
ANSWER To improve the probability of being acquired
A core competency is a(n) ________. ANSWER distinctive strength or advantage that is
central to a firm's operations
A country whose recent growth or prospects for future growth exceed that of traditional
markets is known as which of the following? ANSWER Emerging market
During the Cold War between the United States and the Soviet Union, many scholars divided
the world into three regions. Which of the following BEST describes the difference between
a First World nation and a Third World nation? ANSWER First World nations were wealthy
and usually had political and economic ties to the United States; Third World nations were
poor and were primarily located in Africa, Asia, and Latin America.
What are the BRIC countries? ANSWER Brazil, Russia, India, and China
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