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GB Final MC Part 2
Test Description: 20-40
Instructions: Answer all questions to get your test result.
1) If the United Sates place a trade embargo on a foreign country,
A
quotas would be placed on all goods entering the United States
B
the United States would have granted most favored nation status to this foreign country
C
no products could be traded between the United States and the foreign country
D
all businesses owned by the foreign government in the United States would be privatized
2) A method of international business with the lowest risk is
A
a joint venture
B
indirect exporting
C
franchising
D
foreign direct investment
3) When a movie company allows its cartoon characters to be used on clothing items produced in other countries, it is an example of
A
a wholly owned subsidiary
B
licensing
C
management contracting
D
direct exporting
4) Of the following statements, the one that does not describe a multinational company is that
A
none of these
B
its strength is that if offers a different product in each market
C
a country may become too dependent on it
D
it maintains both an international and local perspective
5) Of the following methods for getting involved in international business, the one with the highest risk is
A
management contracting
B
foreign direct investment
C
licensing
D
joint venture
6) When goods are exported to another company
A
the quickest method of shipment should be used
B
the method of shipment varies depending on the product and other factors
C
none of these
D
the least expensive method of shipment should be used
7) Products that do not usually require much modification for foreign customers include
A
laundry detergent
B
skin care products
C
none of these
D
clothing
8) A country with exports of $6 million and other cash coming in of $3 million and imports of $5 million and other cash going out of $3 million has a
A
trade deficit
B
trade surplus
C
unfavorable balance of payments
D
favorable balance of payments
9) A company can have a competitive advantage if it
A
none of these
B
builds the best reputation for quality of all companies in the market
C
has about the same manufacturing costs as other companies in the market
D
produces a comparable product at the same cost as others in the market
10) The exchange rate for a stable country
A
remains the same unless there is a political change
B
changes somewhat from day to day
C
none of these
D
is always based on the U.S. dollar
11) All of the following are examples of capital projects except
A
installing a new computer and network system
B
buying ships to handle your own overseas transportation of goods
C
buying a 6 month supply of packaging materials to take advantage of a 10% discount
D
buying a company that competes with your own company
12) Parties that can appear before the International Court of Justice include
A
only companies
B
countries, companies, and individuals
C
only countries
D
countries and companies
13) A person who makes duplicate compies of a videotape of a commercial movie and then sells it would be violating a
A
patent
B
copyright
C
none of these
D
trademark
14) International treaties and trade agreements may serve all of the following purposes except
A
helping to provide uniformity between different cultures and customs
B
allowing free flow of goods and services between member countries
C
setting currency exchange rates
D
helping to ensure fair competition practices between member countries
15) All of the following are actions that a participative manager would take except
A
encourage employees to contribute ideas and suggestions
B
keep employees informed about project needs
C
give employees the opportunity to learn on their own and supply their own motivation
D
help employees set goals and ways to measure them
16) A mediator does all of the following except
A
makes suggestions and proposals
B
helps the parties reach a compromise
C
addresses the substance of the dispute
D
makes a binding decision
17) Argo, Inc., is a global corporation with Asian, European, and North American divisions. From this information, you can infer that is is organized by
A
process
B
geography
C
function
D
product
18) Span of control refers to the
A
distance between the levels of management in an organization
B
distance in feet between the employees and their manager
C
number of levels of managers within the organization
D
number of employees that a manager supervises
19) Leadership can be described as
A
the ability to use resources to achieve goals
B
forcing people to do what you want them to do
C
the ability to get others to follow
D
gathering information to solve problems
20) A manager who usually completes projects by ordering employees to do certain tasks but does not tell the employees how the tasks contribute to the project is
A
an autocratic manager
B
a free-reign manager
C
a manager who combines several styles of management
D
a participative manager
*select an answer for all questions
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