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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
all businesses owned by the foreign government in the United States would be privatized
B
no products could be traded between the United States and the foreign country
C
the United States would have granted most favored nation status to this foreign country
D
quotas would be placed on all goods entering the United States
2) A method of international business with the lowest risk is
A
foreign direct investment
B
franchising
C
a joint venture
D
indirect exporting
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
management contracting
B
licensing
C
a wholly owned subsidiary
D
direct exporting
4) Of the following statements, the one that does not describe a multinational company is that
A
it maintains both an international and local perspective
B
its strength is that if offers a different product in each market
C
a country may become too dependent on it
D
none of these
5) Of the following methods for getting involved in international business, the one with the highest risk is
A
management contracting
B
joint venture
C
foreign direct investment
D
licensing
6) When goods are exported to another company
A
the method of shipment varies depending on the product and other factors
B
the quickest method of shipment should be used
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
none of these
C
skin care products
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
unfavorable balance of payments
C
favorable balance of payments
D
trade surplus
9) A company can have a competitive advantage if it
A
none of these
B
has about the same manufacturing costs as other companies in the market
C
produces a comparable product at the same cost as others in the market
D
builds the best reputation for quality of all companies in the market
10) The exchange rate for a stable country
A
none of these
B
changes somewhat from day to day
C
is always based on the U.S. dollar
D
remains the same unless there is a political change
11) All of the following are examples of capital projects except
A
buying a company that competes with your own company
B
buying a 6 month supply of packaging materials to take advantage of a 10% discount
C
buying ships to handle your own overseas transportation of goods
D
installing a new computer and network system
12) Parties that can appear before the International Court of Justice include
A
countries, companies, and individuals
B
countries and companies
C
only countries
D
only companies
13) A person who makes duplicate compies of a videotape of a commercial movie and then sells it would be violating a
A
none of these
B
patent
C
trademark
D
copyright
14) International treaties and trade agreements may serve all of the following purposes except
A
helping to ensure fair competition practices between member countries
B
allowing free flow of goods and services between member countries
C
helping to provide uniformity between different cultures and customs
D
setting currency exchange rates
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 a binding decision
B
helps the parties reach a compromise
C
addresses the substance of the dispute
D
makes suggestions and proposals
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
geography
B
function
C
process
D
product
18) Span of control refers to the
A
number of employees that a manager supervises
B
number of levels of managers within the organization
C
distance in feet between the employees and their manager
D
distance between the levels of management in an organization
19) Leadership can be described as
A
the ability to get others to follow
B
forcing people to do what you want them to do
C
gathering information to solve problems
D
the ability to use resources to achieve goals
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
a free-reign manager
B
a manager who combines several styles of management
C
a participative manager
D
an autocratic manager
*select an answer for all questions
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