Environmental Forces - 79127

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  • From: Business, Business
  • Due on: Wed 23 Nov, 2016 (03:24pm)
  • Asked on: Tue 22 Nov, 2016
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1. A company in which each country's division manager reports directly to the CEO is

  1. divided by both product and function.
  1. a hybrid organization.
  1. a matrix organization.
  1. organized by geographic regions.


2. Organizational _______ is a process dealing with how a company should be organized for integration, efficiency, and effectiveness.

  1. functions
  1. competitiveness
  1. division
  1. design


3. To increase communication among executives and encourage confidence in each other, an IC's policies may include

  1. transferring promising managers among headquarters and subsidiaries.
  1. joining international business organizations.
  1. resolving disputes among subsidiaries through arbitration.
  1. operating in many diverse foreign regions.


4. The Conformité Européen is a type of

  1. inspection certificate.
  1. consular invoice.
  1. export license.
  1. certificate or origin.


5. Which of the following is the least costly for a buyer of exported goods?

  1. Open account
  1. Irrevocable letter of credit
  1. Bank collection time draft
  1. Cash in advance


6. By the end of 2010 Kraft Foods had become America's

  1. bigger than the Nestle Corporation.
  1. largest branded-food and beverage company with headquarters in North America.
  1. the second-largest branded-food company headquartered in Brazil.
  1. the largest U.S. employer overseas.


7. When new exporters need to quote terms of sale that differ from those used in domestic markets, they must be familiar with

  1. Incoterms.
  1. the FCIB.
  1. ETC.
  1. Dun & Bradstreet.


8. The behaviors and processes that go along with organizing people to achieve a common purpose are seen in

  1. managers.
  1. chairmen of the board.
  1. leaders.
  1. line supervisors.


9. A _______ strategy is often used where there's a strong pressure to reduce costs and limited pressure to adapt products for local markets.

  1. global
  1. multidomestic
  1. home replication
  1. transnational


10. The term tactical plans refers to

  1. broad operational plans on which strategic plans are based.
  1. long-term strategies that address best- and worst-case scenarios.
  1. detailed, short-term operational plans.
  1. scenarios presented as comprehensive future strategies.


11. The Small Business Administration (SBA) provides _______ assistance.

  1. market analysis and Web development
  1. product-search and product-support
  1. business development and financial
  1. educational and placement


12. Before opening a line of credit, buyers frequently ask for a/an _______ invoice.

  1. pro forma
  1. pro se
  1. pro rata
  1. ante se


13. The difference between tacit knowledge and explicit knowledge is that

  1. tacit knowledge is difficult to express in terms of pictures or words.
  1. explicit knowledge is codified in numbers only.
  1. tacit knowledge is always expressed visually.
  1. explicit knowledge is subjective while tacit knowledge is objective.


14. To effectively develop and implement an effective strategy, objectives should be

  1. quantified.
  1. voluntary.
  1. visible.
  1. eclectic.


15. Independent businesses that handle import shipments for compensation are called

  1. bonded warehouse managers.
  1. commerce chambers.
  1. customhouse brokers.
  1. foreign freight forwarders.


16. Which of the following means that goods are shipped to the buyer and payment isn't made until they've been sold?

  1. Consignment
  1. Bank collection time draft
  1. Cash in advance
  1. Irrevocable letter of credit


17. A partnership between competitors, customers, or suppliers is called a/an

  1. strategic alliance.
  1. merger.
  1. affiliation.
  1. growth triangle.


18. One disadvantage of indirect exporting is that

  1. large cash outlays are required.
  1. licensing and red tape can delay completion of shipments.
  1. the firm gains little experience from transactions.
  1. it's difficult to find the right agent for a firm's product.


19. The next step after beginning direct exporting might be to set up

  1. a franchise agreement in the area.
  1. indirect exporting through an agent.
  1. a joint venture with an import agent.
  1. a sales company in the area.


20. Broad guidelines used to assist lower-level managers to handle recurring problems are called

  1. scenarios.
  1. policies.
  1. plans.
  1. procedures.
3 Solution for Environmental Forces
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Environmental Forces MCQ Solution Sheet
$12.00 Business, Business Bilbo 1 time(s)
Environmental forces
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Environmental forces
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