Reference no: EM133331185
Questions
1. The next step after beginning direct exporting might be to set up
A. a franchise agreement in the area.
B. a joint venture with an import agent.
C. a sales company in the area.
D. indirect exporting through an agent.
2. The most well-known model for change that involved unfreezing, moving, and refreezing was developed by
A. Chad Henry.
B. Adam Smith.
C. Kurt Lewin.
D. John Kotter.
3. Japanese anime became a popular media in the United States due to
A. heavy advertising in the United States by Japanese comic companies.
B. an unusual amount of manga piracy.
C. Disney's adoption of the style in its animated movies.
D. American fans pulling anime in
4. The common characteristic of multinationals that are organized by function at the upper level is a narrow
A. variation of prices in the product mix.
B. and highly integrated product mix.
C. research and development effort.
D. and highly integrated customer list.
5. A _______ strategy is often used where there's a strong pressure to reduce costs and limited pressure to adapt products for local markets.
A. multidomestic
B. home replication
C. global
D. transnational
6. Manufacturers that sell products from other companies in foreign markets along with their own are referred to as
A. commission agents.
B. resident buyers.
C. cooperative exporters.
D. export merchants.
7. Basic named perils marine insurance covers
A. accidents and storms other than hurricanes.
B. piracy on the seas.
C. perils of the sea, fires, jettisons, and hurricanes.
D. theft and larceny
8. A company in which each country's division manager reports directly to the CEO is
A. a hybrid organization.
B. organized by geographic regions.
C. a matrix organization.
D. divided by both product and function
9. The difference between tacit knowledge and explicit knowledge is that
A. tacit knowledge is difficult to express in terms of pictures or words.
B. tacit knowledge is always expressed visually.
C. explicit knowledge is codified in numbers only.
D. explicit knowledge is subjective while tacit knowledge is objective.
10. What's an export license?
A. Permission from the US government to export
B. Permission from the top management team to export
C. An international quality performance rating
D. A shipping qualification
11. The Conformité Européenne is a type of
A. export license.
B. certificate or origin.
C. consular invoice.
D. inspection certificate
12. The regionalized organization seems to be popular with companies that
A. operate in many diverse foreign regions.
B. manufacture products incorporating high technology in industrialized regions.
C. favor licensing as a form of market entry.
D. manufacture products with a low technological content requiring strong marketing ability.
13. _______ places increasing emphasis on recruiting and developing human resources.
A. Globalization
B. Localization
C. Accounting
D. Marketing
14. A _______ is an arrangement under which a company provides managerial know-how in some or all functional areas to another party for a fee.
A. management contract
B. manufacturing contract
C. joint venture
D. strategic alliance
15. Independent businesses that handle import shipments for compensation are called
A. bonded warehouse managers.
B. customhouse brokers.
C. commerce chambers.
D. foreign freight forwarders.
16. The McDonald's, Kentucky Fried Chicken, or Subway in your area is an example of a
A. licensed product.
B. franchise.
C. joint venture.
D. strategic alliance.
17. One disadvantage of indirect exporting is that
A. it's difficult to find the right agent for a firm's product.
B. the firm gains little experience from transactions.
C. licensing and red tape can delay completion of shipments.
D. large cash outlays are required
18. Which of the following is the most risky for an importer?
A. Bank collection time draft
B. Irrevocable letter of credit
C. Cash in advance
D. Open account
19. In the area of shipment risk, ocean vessels assume
A. that exporters or importers will have bought adequate insurance.
B. all of the risk for the safety of their cargo.
C. none of the risk for the safety of their cargo, except for negligence.
D. that marine environments are usually safe