IBAM Actual Questions and Correct Answers
Q1
Daily practices in organizations are according to Hofstede created by founders and leaders.
Which one of the below is not an example of a daily practice? Symbols Heroes Values Rituals
Answer: C) Values
Q2
A nation based on
Answer: D) Free market ideologies should be followed for
Q3
A) The welfare of society
Answer: A) The welfare of society
Q4
C) Communal property is
Answer: C) Communal property is
Q5
D) Free market ideologies
Answer: D) Free market ideologies
Q6
In the Uppsala
Answer: C) Market knowledge, commitment decisions and
Q7
A) Market knowledge,
Answer: A) Market knowledge,
, Q8
C) Market knowledge,
Answer: C) Market knowledge,
Q9
D) Current activities,
Answer: D) Current activities,
Q10
Kim's GymJam Inc, based in Australia, obtained the right to produce and sell a U.S.-based
company's boxing gloves. Kim's GymJam has to pay a royalty fee to the U.S. company for every
pair of gloves it sells. In this example, Kim's GymJam is the: Licensee Franchisee Licensor
Competitor Franchisor
Answer: A) Licensee
Q11
Which scenario demonstrates foreign direct investment? Yin and Yang, a Chinese firm, suppliers
buttons and zippers to major denim brands in the U.K. Pure Pearls, a jewelry store in the U.S.
purchases harvested pearls from Indonesia, Philippines and Australia. Samantha started an
Italian restaurant in her home country, U.S., after she took cooking lessons from a well-known
chef in Italy. Delicate Love, a reputable florist company in Holland, sells tulips and roses
throughout the globe. Chivalry, a U.S-based phone manufacturing company, has set up its own
assembly in Japan to cater to the needs of the Asian Market
Answer: E) Chivalry, a U.S-based phone manufacturing company, has set up its own
assembly in Japan to cater to the needs of the Asian Market
Q12
By producing its products in larger volume than its competitors, Epli-Mart is able to achieve
substantial reductions in unit cost. In other words, Epli-Mart achieves: Standardization
economies Learning effects Economies of scale Locations economies Economies of scope
Answer: C) Economies of scale
Q13
A firm should use a(n) strategy when it simultaneously faces both strong cost pressure and
strong pressure for local responsiveness. International Global standardization Local adaption
Transnational Localization
Answer: D) Transnational
Q1
Daily practices in organizations are according to Hofstede created by founders and leaders.
Which one of the below is not an example of a daily practice? Symbols Heroes Values Rituals
Answer: C) Values
Q2
A nation based on
Answer: D) Free market ideologies should be followed for
Q3
A) The welfare of society
Answer: A) The welfare of society
Q4
C) Communal property is
Answer: C) Communal property is
Q5
D) Free market ideologies
Answer: D) Free market ideologies
Q6
In the Uppsala
Answer: C) Market knowledge, commitment decisions and
Q7
A) Market knowledge,
Answer: A) Market knowledge,
, Q8
C) Market knowledge,
Answer: C) Market knowledge,
Q9
D) Current activities,
Answer: D) Current activities,
Q10
Kim's GymJam Inc, based in Australia, obtained the right to produce and sell a U.S.-based
company's boxing gloves. Kim's GymJam has to pay a royalty fee to the U.S. company for every
pair of gloves it sells. In this example, Kim's GymJam is the: Licensee Franchisee Licensor
Competitor Franchisor
Answer: A) Licensee
Q11
Which scenario demonstrates foreign direct investment? Yin and Yang, a Chinese firm, suppliers
buttons and zippers to major denim brands in the U.K. Pure Pearls, a jewelry store in the U.S.
purchases harvested pearls from Indonesia, Philippines and Australia. Samantha started an
Italian restaurant in her home country, U.S., after she took cooking lessons from a well-known
chef in Italy. Delicate Love, a reputable florist company in Holland, sells tulips and roses
throughout the globe. Chivalry, a U.S-based phone manufacturing company, has set up its own
assembly in Japan to cater to the needs of the Asian Market
Answer: E) Chivalry, a U.S-based phone manufacturing company, has set up its own
assembly in Japan to cater to the needs of the Asian Market
Q12
By producing its products in larger volume than its competitors, Epli-Mart is able to achieve
substantial reductions in unit cost. In other words, Epli-Mart achieves: Standardization
economies Learning effects Economies of scale Locations economies Economies of scope
Answer: C) Economies of scale
Q13
A firm should use a(n) strategy when it simultaneously faces both strong cost pressure and
strong pressure for local responsiveness. International Global standardization Local adaption
Transnational Localization
Answer: D) Transnational
