MGMT 4660 Exam 3 Questions with Correct Answers Latest Update 2025/2026

MGMT 4660 Exam 3 Questions with Correct Answers Latest Update 2025/2026 1. Strategic alliances are popular among multinational firms primarily because they: - Answers B. Provide a fast and flexible way to gain resources 2. The main reason many alliances fail is because: - Answers C. They are poorly designed or managed 3. Which of the following is not a typical step in implementing a successful alliance? A. Identifying strategic needs B. Selecting an appropriate partner C. Ignoring cultural differences D. Designing organizational structure - Answers C. Ignoring cultural differences 4. In Chapter 9, linking parts of two firms' value chains helps companies: - Answers C. Share risks and achieve efficiency 5. According to the CNBC/Bain article, companies shifting manufacturing from China are an example of: - Answers A. Value-chain restructuring 6. The term "anchor partner" refers to: - Answers B. A partner that slows down alliance progress 7. The "elephant-and-ant complex" describes: - Answers A. Unequal power between large and small firms 8. An Informal International Cooperative Alliance is best described as: - Answers B. A non-binding agreement between firms 9. A Formal International Cooperative Alliance (ICA) typically: - Answers B. Includes a detailed written agreement 10. An International Joint Venture (IJV) is: - Answers B. A separate legal entity jointly owned by partners 11. Which of the following is not an advantage of IJVs? A. Risk and reward sharing B. Market and distribution access C. Cultural clash elimination D. Enhanced brand credibility - Answers C. Cultural clash elimination 12. A "prenuptial agreement" in alliance contracts refers to: - Answers B. An exit clause established at the start 13. In a Dominant-Parent management structure: - Answers B. A single firm controls operations and strategy 14. The Shared-Management structure is most effective when: - Answers C. Both partners contribute similar resources 15. Rotating-Management structures are common in: - Answers B. Developing countries to build management talent 16. The type of trust based on belief in a partner's honesty and goodwill is called: - Answers C. Benevolent trust 17. Credibility trust means: - Answers A. Confidence that the partner will meet obligations 18. Attitudinal commitment refers to: - Answers A. Willingness to dedicate effort and resources 19. Calculative commitment is based on: - Answers B. Financial calculations and expected rewards 20. The CNBC/Bain article said about 60 % of U.S. multinationals were: - Answers B. Ready to take action to change supply chains 21. The phrase "fragmented manufacturing" means: - Answers B. Many smaller facilities closer to target markets 22. A main reason for alliance instability is: - Answers B. Poor design and lack of trust 23. Alliances allow companies to: - Answers B. Combine strengths and share risks 24. The Houston Chronicle article emphasized that firms ally internationally to: - Answers A. Reduce taxes and gain market knowledge 25. In the YouTube video "Successful Joint Venture—What Do You Bring to the Deal?" success depends on: - Answers B. Both partners bringing complementary value 26. A common benefit of alliances in manufacturing is: - Answers A. Gaining access to lower-cost raw materials or labor 27. Which structure suits partners contributing different technologies equally? - Answers B. Split-control 28. When evaluating performance, alliances focused on learning should use: - Answers B. Strategic and subjective measures 29. Continuing an alliance despite poor results due to emotional or financial investment is: - Answers B. Escalation of commitment 30. Which alliance type creates a new, separate company? - Answers C. International joint venture 31. What is the main HR challenge in alliances? - Answers B. Managing cross-cultural staff differences