Question:

Bureaucracy is sometimes seen as a negative thing but it has some benefits for organizations. Which of the following is NOT a benefit of bureaucracy?

A.

It can make information easier to share

B.

It can reduce errors

C.

It can increase organizational flexibility

D.

It can ensure that stakeholders are treated consistently

Answer» c. It can increase organizational flexibility

Question:

When the transaction is of high value, complex In nature and more technical __________ method of export sales contract is used.

A.

Performa invoice

B.

Purchase order

C.

Sales contact

D.

None of the above

Answer» c. Sales contact

Question:

In 90’s the global management perception was based on

A.

Standardization v/s adaptation

B.

Globalization v/s localization

C.

Global integration v/s Local Responsiveness

D.

Local responsiveness

Answer» d. Local responsiveness

Question:

The mode of entry into international business with least risk to the firm is

A.

Export house

B.

Trading house

C.

A manufacturing exporter

D.

Merchant exporter.

Answer» d. Merchant exporter.

Question:

What functions do financial institutions traditionally perform?

A.

They immobilise savings.

B.

They concentrate risk.

C.

They spread risk.

D.

They offer only short-term finance.

Answer» a. They immobilise savings.

Question:

Ethical issues concerning business and public sector organizations exist at three levels:

A.

Macro; Corporate; Individual.

B.

Corporate; Business; Functional.

C.

Corporate; Functional; Individual.

D.

Business; Family; Individual.

Answer» a. Macro; Corporate; Individual.

Question:

Business entities engaged in international business activity are commonly known as-

A.

NGOs

B.

EOUs

C.

State-trading corporations

D.

TNCs

Answer» d. TNCs

Question:

The essential question that a corporate parent needs to ask is:

A.

Does it add value to its individual businesses

B.

How does it achieve a balanced portfolio

C.

How does it achieve synergies across business units

D.

How related should its business units be

Answer» a. Does it add value to its individual businesses

Question:

The existence of different currencies is beneficial to private financial institutions because:

A.

Each country has its own currency.

B.

The exchange rate of each currency is fixed by the International Monetary Fund.

C.

A collapse in the exchange rate of a currency can cause economic disruption.

D.

Profits can be made from arbitrage.

Answer» a. Each country has its own currency.

Question:

A corporate parent can offer an individual business a number of ‘propositions’. These are buildpropositions, stretch propositions, link propositions, select propositions and:

A.

Lend propositions

B.

Locate propositions

C.

Leverage propositions

D.

Leap propositions

Answer» c. Leverage propositions