Exam 1 BMGT 205 UPDATED ACTUAL
Exam Questions and CORRECT Answers
In order to better compare/contrast costs of living in the various environments GNP/GDP may be
adjusted to: - CORRECT ANSWER - PPP (purchasing power parity)
Which of the following definitions best defines an expatriate manager? - CORRECT
ANSWER - A manager who works outside his or her native country
The firm that engages in foreign direct investment is a: - CORRECT ANSWER -
Multinational enterprise
According to the text, most MNEs are ____ the base of the pyramid. - CORRECT
ANSWER - Ignoring
In order to answer the question: "What determines the success and failures of firms around the
globe?," the author introduces which two core perspectives? - CORRECT ANSWER -
Institution- and resource-based views
An institutional framework is made up of: - CORRECT ANSWER - Formal and informal
institutions
Political risk is associated with political changes that may negatively impact domestic and
foreign firms. Which statement about political risk is correct? - CORRECT ANSWER -
Firms operating in democracies are subject to political risk.
Jewish and Islamic law are examples of: - CORRECT ANSWER - Theocratic law
Intellectual Property Rights primarily include rights associated with - CORRECT
ANSWER - All of these answers (copyright, patents, trademarks)
, The government taking a "hands-off approach" is known as: - CORRECT ANSWER -
Laissez Faire
Which of the following is a factor behind English being accepted as the global business
language? - CORRECT ANSWER - English-speaking countries contribute the largest
share of global output.
Which of the following countries can be defined as a high-context culture? - CORRECT
ANSWER - Japan
Which of the following dimensions accurately describes the majority in the United States? -
CORRECT ANSWER - low long term orientation
Which of the following is the law enacted in 1977 that bans bribery to foreign officials? -
CORRECT ANSWER - Foreign Corrupt Practices Act
____ is an individual's ability to understand and adjust to new cultures. - CORRECT
ANSWER - Cultural intelligence
A global business perspective that deals with internal strengths and weaknesses is also called: -
CORRECT ANSWER - Resource-based view
Which of the following is an intangible asset? - CORRECT ANSWER - Human resources
and capabilities
An examination as to whether a firm has the resources and capabilities to perform a particular
activity in a manner superior to competitors is: - CORRECT ANSWER - Benchmarking
A chain of activities used in the production of goods and services that add value is a(n): -
CORRECT ANSWER - Value Chain
Exam Questions and CORRECT Answers
In order to better compare/contrast costs of living in the various environments GNP/GDP may be
adjusted to: - CORRECT ANSWER - PPP (purchasing power parity)
Which of the following definitions best defines an expatriate manager? - CORRECT
ANSWER - A manager who works outside his or her native country
The firm that engages in foreign direct investment is a: - CORRECT ANSWER -
Multinational enterprise
According to the text, most MNEs are ____ the base of the pyramid. - CORRECT
ANSWER - Ignoring
In order to answer the question: "What determines the success and failures of firms around the
globe?," the author introduces which two core perspectives? - CORRECT ANSWER -
Institution- and resource-based views
An institutional framework is made up of: - CORRECT ANSWER - Formal and informal
institutions
Political risk is associated with political changes that may negatively impact domestic and
foreign firms. Which statement about political risk is correct? - CORRECT ANSWER -
Firms operating in democracies are subject to political risk.
Jewish and Islamic law are examples of: - CORRECT ANSWER - Theocratic law
Intellectual Property Rights primarily include rights associated with - CORRECT
ANSWER - All of these answers (copyright, patents, trademarks)
, The government taking a "hands-off approach" is known as: - CORRECT ANSWER -
Laissez Faire
Which of the following is a factor behind English being accepted as the global business
language? - CORRECT ANSWER - English-speaking countries contribute the largest
share of global output.
Which of the following countries can be defined as a high-context culture? - CORRECT
ANSWER - Japan
Which of the following dimensions accurately describes the majority in the United States? -
CORRECT ANSWER - low long term orientation
Which of the following is the law enacted in 1977 that bans bribery to foreign officials? -
CORRECT ANSWER - Foreign Corrupt Practices Act
____ is an individual's ability to understand and adjust to new cultures. - CORRECT
ANSWER - Cultural intelligence
A global business perspective that deals with internal strengths and weaknesses is also called: -
CORRECT ANSWER - Resource-based view
Which of the following is an intangible asset? - CORRECT ANSWER - Human resources
and capabilities
An examination as to whether a firm has the resources and capabilities to perform a particular
activity in a manner superior to competitors is: - CORRECT ANSWER - Benchmarking
A chain of activities used in the production of goods and services that add value is a(n): -
CORRECT ANSWER - Value Chain
