Instructions
Choose your answers from a-d by clicking the radio button next to
each choice and then press 'Submit' to get your score.
A strategic decision can be distinguished from other types of
decisions by three factors, these are magnitude, time-scale and:
a) Commitment
b) Riskiness
c) Impact
d) Longevity
'Logical incrementalism' can be described as:
a) Careful design and
planning
b) Emergent
c) Cautious resource
allocation
d) Top management rational
analysis
An organization in which strategy development is characterized by
internal political negotiation and self-interest is operating in which
strategy-making mode?
a) The transactive mode
b) The muddling through mode
c) The command mode
d) The emotional mode
'Influence' is defined as the ability to ____________ someone to
something they would not otherwise have done.
a) Intimidate
b) Force
c) Order
d) Persuade
McDonalds is deciding whether to expand into manufacturing kitchen
equipment in China. At what level is this decision likely to be made?
a) Business
b) Corporate
c) Functional
d) International
The authors believe there are three tests that can be applied to
judge whether a strategy is 'good'. These are:
a) Fit, distinctiveness,
sustainability
b) Fit, internal resources,
external environment
c) Distinctiveness, internal
resources, fit
d) Sustainability,
distinctiveness, external environment
Diversification into many unrelated areas is an example of:
a) Risk management
b) Good management
c) Uncertainty reduction
d) Sustainability
According to Porter, dealing with the paradox of premature
commitment versus not enough commitment involves some kind of:
a) Trade-off
b) Lock-in
c) Lock-out
d) Diversification
Corporate governance is concerned with:
a) Executive remuneration,
disclosure of information, auditing and accounting procedures, and
organizations' management structures
b) Elections to the board of directors
c) Relationships with
national governments
d) Corporate-level strategy
The principal-agent problem is concerned with:
a) Procurement
b) Appropriation of
shareholders' investment by a firm's managers
c) How to control a firm's distributors
and dealers
d) Corporate social
responsibility
Instructions
Choose your answers from a-d by clicking the radio button next to
each choice and then press 'Submit' to get your score.
Question
1
Two of the oldest and most important trade theories are the
theories of absolute and _______________ advantage.
a) Comparative
b) Contrasting
c) Compound
d) Converse
Question
2
Three of the most important bodies that regulate world trade are
the World Bank, the International Monetary Fund and:
a) NAFTA
b) Unicef
c) The World Trade
Organization
d) The European Union
Question
3
An economic union is:
a) A merger of two firms
b) A trade union
c) A common currency
d) A formal trade agreement
Question
4
Which of the following is not a barrier
to trade?
a) Quotas
b) Exchange rates
c) Embargoes
d) Exchange controls
Question
5
The most important trading triad in the world consists of:
a) The USA, Japan and Europe
b) The USA, China and Europe
c) The USA, China and Japan
d) China, Japan and Europe
Question
6
A country that measures high on power distance would have which of
the following characteristics?
a) People are accepting of
unequal distribution of power
b) People are not accepting
of unequal distribution of power
c) People like to have
autonomy in their jobs
d) People do not like to have
autonomy in their jobs
Question
7
A 'diffuse' culture is one where:
a) People keep work and
social life separate
b) People allow work
relationships to spill over into social life
c) People believe that high
status is based on achievement
d) People believe high status
to be based on innate factors such as class, race and age
Question
8
In terms of Porter's Diamond model, a demand condition as applied
to the chocolate industry in Belgium would be:
a) Belgium has a network of
firms that support each other in becoming stronger as a whole in the chocolate
industry
b) Belgian consumers are
particularly discerning about chocolate
c) Belgium has a number of
very strong competing firms in the chocolate industry
d) Belgium possesses a number
of secret recipes in chocolate making
Question
9
A microchip producer might be advised to follow which of the
following international strategies?
a) A Global strategy
b) A Transnational strategy
c) A local strategy
d) None of these
Question
10
An international structure in which local operations imitate those
of the home country, and which is dominated by home-nation personnel is an
________approach.
a) Geographic
b) Eccentric
c) Ethnocentric
d) Polycentric
please give feedback to the attemped questions.
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