Question:

Which is the right sequence of a stages of Internationalization

A.

Domestic, Transnational, Global, International, Multinational

B.

Domestic, International, Multinational, Global, Transnational

C.

Domestic, Multinatinal, International, Transnational, Global

D.

Domestic, Internatinal, Transnational, Multinational, Global

Answer» b. Domestic, International, Multinational, Global, Transnational

Question:

Economic globalization is characterized by —

A.

rise of regionalism

B.

international migration

C.

cross-cultural flows of ideas

D.

international trade and investment flows

Answer» d. international trade and investment flows

Question:

Those Organizations that are relatively good at developing some relevant capabilities to respond to a changing context are known as:

A.

Knowing organizations

B.

Stretch organizations

C.

Learning organizations

D.

Absorptive organizations

Answer» c. Learning organizations

Question:

Cultural homogeneity refers to —

A.

cross-cultural movements

B.

inter-cultural movements

C.

adaptation to the local culture

D.

cultural uniformity

Answer» d. cultural uniformity

Question:

Each member of IMF, is assigned a quota expressed in

A.

Member country’s currency

B.

Dollar

C.

Special Drawing Rights

D.

None of the above

Answer» b. Dollar

Question:

The 21st member to join the G-20 is

A.

Sri Lanka

B.

Uzbekistan

C.

Myanmar

D.

Urugway

Answer» c. Myanmar

Question:

An organization adjusts its pricing in response to falling customer demand. This is an exampleof which type of learning?

A.

Single-loop learning

B.

Double-loop learning

C.

Surface learning

D.

Deep learning

Answer» a. Single-loop learning

Question:

A letter of credits means

A.

A bank agreeing to accept and pay on due date

B.

A letter containing conditions of credit purchase or sale

C.

A letter sent by exporter to importer sanctioning credit dial.

D.

A letter sent by importer to exporter sanctioning credit deal.

Answer» a. A bank agreeing to accept and pay on due date

Question:

A likely consequence of rationalization is:

A.

Lower number of employees

B.

Lower revenues

C.

Higher costs

D.

Price decrease

Answer» b. Lower revenues

Question:

When a firm seeks the benefits of global integration and local adaptation, it is best described as which type of strategy?

A.

Transnational

B.

Global

C.

Multi-national

D.

Global-local

Answer» c. Multi-national