AGBM Final Exam Questions with
complete solution
Which of the following is an advantage to a company of hiring parent-country
nationals (PCNs) at a subsidiary in another country? - correct answer
✔Facilitates control and coordination by headquarters
A freight forwarder - correct answer ✔Arranges transportation and provides
related services for an exporter
An export management company (EMC) - correct answer ✔Serves as the
export department for a company
The two core perspectives for studying global business are: - correct answer
✔An institution-based view and a resource-based view
The "Blue Box" for agriculture in the WTO refers to - correct answer ✔Trade-
distorting payments to farmers made in conjunction with supply controls
Formal institutions affect international trade by - correct answer ✔Imposing
laws and regulations that promote or restrict international trade
Which of the following statements is true about communication in low-context
cultures - correct answer ✔It is usually taken at face value
Which color is used for the most trade-distorting types of government
agricultural support in the WTO's Agreement on Agriculture - correct answer
✔Amber
, The "fundamental question" about global business in the course textbook is -
correct answer ✔What determines the success and failure of firms around
the globe?
The three types of globalization discussed in this course are: - correct answer
✔Economic, cultural, and political
The acronym VRIO as used in this course means: - correct answer ✔Value,
rarity, imitability, and organization
The four Ps representing the underlying components of marketing are -
correct answer ✔Product, price, promotion, and place
Standard worldwide pricing for exporting is based on: - correct answer
✔Fixed costs + Export-related costs
Under price discrimination - correct answer ✔Lower prices are set in market
segments with more price-elastic demands
The supportive pillar(s) for formal institutions are - correct answer
✔Regulatory
Under dual pricing, export price is based on - correct answer ✔Marginal
costs
Two approaches to expatriate compensation are: - correct answer ✔Going
rate approach and balance sheet approach
complete solution
Which of the following is an advantage to a company of hiring parent-country
nationals (PCNs) at a subsidiary in another country? - correct answer
✔Facilitates control and coordination by headquarters
A freight forwarder - correct answer ✔Arranges transportation and provides
related services for an exporter
An export management company (EMC) - correct answer ✔Serves as the
export department for a company
The two core perspectives for studying global business are: - correct answer
✔An institution-based view and a resource-based view
The "Blue Box" for agriculture in the WTO refers to - correct answer ✔Trade-
distorting payments to farmers made in conjunction with supply controls
Formal institutions affect international trade by - correct answer ✔Imposing
laws and regulations that promote or restrict international trade
Which of the following statements is true about communication in low-context
cultures - correct answer ✔It is usually taken at face value
Which color is used for the most trade-distorting types of government
agricultural support in the WTO's Agreement on Agriculture - correct answer
✔Amber
, The "fundamental question" about global business in the course textbook is -
correct answer ✔What determines the success and failure of firms around
the globe?
The three types of globalization discussed in this course are: - correct answer
✔Economic, cultural, and political
The acronym VRIO as used in this course means: - correct answer ✔Value,
rarity, imitability, and organization
The four Ps representing the underlying components of marketing are -
correct answer ✔Product, price, promotion, and place
Standard worldwide pricing for exporting is based on: - correct answer
✔Fixed costs + Export-related costs
Under price discrimination - correct answer ✔Lower prices are set in market
segments with more price-elastic demands
The supportive pillar(s) for formal institutions are - correct answer
✔Regulatory
Under dual pricing, export price is based on - correct answer ✔Marginal
costs
Two approaches to expatriate compensation are: - correct answer ✔Going
rate approach and balance sheet approach
