Question:

The culture of an organization can be conceived as consisting of four layers.

A.

Values, beliefs, behaviors and taken-for-granted assumptions.

B.

Values, belief, tasks.

C.

Belief, tasks, personalities.

D.

Individual, functional, organizational.

Answer» c. Belief, tasks, personalities.

Question:

Which of the following is not a driver of globalization?

A.

The fragmentation of consumer tastes between countries.

B.

The competitive process.

C.

Multinational companies successfully persuading governments to lower trading barriers.

D.

The need to gain economies of scale.

Answer» c. Multinational companies successfully persuading governments to lower trading barriers.

Question:

The goal of corporate governance and business ethics education is to:

A.

Teach students their professional accountability and to uphold their personal Integrity to society.

B.

Change the way in which ethics is taught to students.

C.

Create more ethics standards by which corporate professionals must operate.

D.

Increase the workload for accounting students.

Answer» d. Increase the workload for accounting students.

Question:

A firm has a functional director for six areas and an area director for three functions. There, taff at each area/function will be reporting to 2 bosses. This firm has which type of structure?

A.

Project structure

B.

Matrix structure

C.

Divisionalized structure

D.

Front-back structure

Answer» b. Matrix structure

Question:

International orientation refers to —

A.

a gradual process of internationalization

B.

a firm’s modes of entry into international business

C.

an attitude or strategic predisposition of a TNC towards internationalization

D.

the stage theory of internationalization

Answer» c. an attitude or strategic predisposition of a TNC towards internationalization

Question:

‘Influence’ is defined as the ability to ____________ someone to something they would not otherwise have done.

A.

Intimidate

B.

Force

C.

Order

D.

Persuade

Answer» a. Intimidate

Question:

Theory of Mercantilism propagates

A.

Encourage exports and imports

B.

Encourage exports and discourage imports

C.

Discourage exports and imports

D.

Discourage exports and encourage imports

Answer» d. Discourage exports and encourage imports

Question:

Globalization can create problems for business because:

A.

It can result in more competition.

B.

It increases vulnerability to political risk and uncertainty when operating abroad.

C.

It means that they can increase prices.

D.

All of the options given are correct.

Answer» b. It increases vulnerability to political risk and uncertainty when operating abroad.

Question:

Brandenburger and Nalebuff added a sixth force to Porter’s Five Forces. It is known as:

A.

The threat of substitutes

B.

The power of complementors

C.

Seller power

D.

Government regulation

Answer» a. The threat of substitutes

Question:

Which of the following is not a force in the Porter Five Forces model?

A.

Buyers

B.

Suppliers

C.

Complementary products

D.

Industry rivalry

Answer» c. Complementary products