International Business Management MCQ with answers

International Business Management MCQ with answers

International Business Management MCQ with answers pdf. International Business Management multiple choice questions and answers.

International Business Management MCQ

International Business Management MCQ

1. Which type of marketing is complex when a firm engages in marketing operations with many countries?
A. International marketing
B. Domestic marketing
C. Global marketing
D. Multinational marketing
Ans: D

2. A firm should carefully look at its ___ and global marketing strategy in order to succeed.
A. Product positioning
B. Liability
C. Geographic expansion
D. Diversifying markets
Ans: C

3. Which among the following international financial markets includes private placements, bonds, and equities?
A. Foreign currency markets
B. International capital markets
C. International security markets
D. International money markets
Ans: C

4. The comparison of a nation’s obligations to service and repay foreign debt with its FOREX earnings shows its ability to remain ___.
A. Insolvent
B. Passive
C. Active
D. Solvent
Ans: D

5. International Financial Reporting Standards (IFRS) are followed by the ___.
A. International Accounting Standards (IAS)
B. Standing Interpretations Committee (SIC)
C. International Accounting Standards Board (IASB)
D. International Accounting Standards Committee (IASC)
Ans: C

6. What indicates the differences between Domestic Accounting Standards (DAS) and International Accounting Standards (IAS) based on different rules on the same accounting issue?
A. Indulgence
B. Accounting
C. Presence
D. Divergence
Ans: D

7. Which of the following are the skills that have to be possessed by an MNC manager?
A) Respecting and sharing each other’s skills
B) Down-playing the importance of cultural diversity
A. A only
B. B only
C. A&B both
D. None of the above
Ans: C

8. In the ethnocentric approach, ___ are from the parent country.
A. Key managers
B. Technical workforce
C. Engineers
D. Programmers
Ans: A

9. What is the term used when a company exports services or goods to other countries?
A. National business
B. Globalisation
C. International business
D. Legal framework
Ans: C

10. Expand OECD.
A. Open Environmental and Cultural Disputes
B. Outstanding Economic and Cultural Directives
C. Operations in Eastern Community Development
D. Organisation for Economic Cooperation and Development
Ans: D

11. Which of these bodies have categorized country risk assessment methods into four types?
D. World Trade Organisation
Ans: A

12. Identify the true (T) statements:
1. The micro factors determine the environment in which the organization functions.
2. The mission statement describes what the leaders of an organization see in the future.
A. 1 only
B. 2 only
C. Both
D. none of the above
Ans: D

13. The ___ method uses a uniform format with predetermined scope.
A. Structured qualitative
B. Checklist
C. Fully qualitative
D. Delphi
Ans: A

14. Strategic formulation is the ___ phase in the strategic management process.
A. Final
B. Initial
C. Second
D. Intermediate
Ans: A

15. Which among these are considered arbitration bodies?
A. International Chamber of Commerce and WTO
B. American Arbitration Association and American Government
C. ICSID and London Court of Arbitration
D. International Court of Justice and United Nations
Ans: C

16. Most developed countries face challenges in sourcing a workforce as the average age of the population is getting older.
A. 1T, 2T
B. 1T, 2F
C. 1F, 2F
D. 1F, 2T
Ans: D

17. Apart from law, which are the two factors that influence the ethics of a business and its managers? A. Corporate goals, culture
B. Religion, behaviour
C. Religion, culture
D. Fundamental principles, climate
Ans: C

18. When and where was IMF created?
A. 1944 at Bretton Woods International conference
B. 1956 at International Accounting Standards committee
C. 1960 at GAAP final meeting
D. 1949 at International Standards of Accounting and Reporting Council
Ans: A

19. The aim of business is to attract and retain a customer, which can be done through ___ and ___.
A. Product marketing, product support
B. Product marketing, product differentiation
C. Price competition, product differentiation
D. Cost discounts, product marketing
Ans: C

20. Identify the true and false statements.
1. A GAP analysis is a simple tool that helps the planning team to allocate resources to firms.
2. Top-down planning helps to maintain the decision-making process at the senior level.
A. 1 True, 2 True
B. 1 False, 2 True
C. 1 True, 2 False
D. 1 False, 2 False
Ans: B

21. Apart from packaging, the pre-shipment credit is mainly used for which of the following two purposes?
A. Profit Analysis, Customs charges
B. Production, Transport
C. Production, Processing
D. Processing, Export subsidies
Ans: C

22. The two implementation models related to the business to consumer (B2C) are ___ and ___.
A. Generic B2C model, Dedicated B2C model
B. Generic B2C model, Direct B2C model
C. Dedicated B2C model, Online B2C model
D. Direct B2C model, Online B2C model
Ans: A

23. ___ analysis is the evaluation of possible risks and rewards from business experiences in a country.
A. Transfer risk
B. Location risk
C. Country risk
D. Exchange risk
Ans: C

24. ___ risk is based on a government’s inability to meet its loan obligations.
A. Sovereign
B. Political
C. Economic
D. Exchange
Ans: D

25. The level of risk in ___ is more when compared with exporting as the company has limited control.
A. Direct investment
B. Joint venture
C. Transfer pricing
D. International advertising
Ans: B

26. Which one of the following splits the countries according to the observed performance and an automatic rating system can be applied to similar countries?
A. Exposure limit
B. Peer analysis
C. External environment
D. Dependency level
Ans: B

27. The principle of ___ states that all equally positioned taxpayers should contribute to the cost of operating the government according to the equal rules.
A. Tax equity
B. Tax neutrality
C. Double taxation
D. Taxation
Ans: A

28. Domestic rivalry creates pressure to innovate, improve quality, and reduce costs which in turn helps to create world-class ___.
A. Competitors
B. Business
C. Market
D. Economic environment
Ans: A

29. ___ is measured in terms of local currency and adjusted for inflation.
A. Market growth
B. Income levels
C. Sector-wise trends
D. Openness of the economy
Ans: A

30. What is the type of risk that occurs due to the requirement of available counterparts to take the other side of the trade?
A. Liquidity risk
B. Credit risk
C. Market risk
D. Legal risk
Ans: A

31. What is the full form of GATT?
A. Global Agreement of Trade and Tariffs
B. Government Acceptance Test Team
C. Geneva Agreement of Tariff and Trade
D. General Agreement of Trade and Tariffs
Ans: D

32. Which of these has parallel responsibility of IASC’s objective of developing international guidelines for auditing, ethics, education, and management accounting?
A. European Union (EU)
B. International Federation of Accountants (IFA)
C. United Nations (UN)
D. Organisation for Economic Cooperation and Development (OECD)
Ans: B

33. ___ of an international business plays a very important role in realizing the goals of the company.
A. Structural components
B. Time zone
C. Business structure
D. Organisational structure
Ans: D

34. What is EFTA?
A. European Free Trade Association
B. Eastern Freight Trading Agency
C. East-Asian Foreign Trade Agreement
D. Emerging Foreign Trading Alliances
Ans: A

35. What term is used for a joint venture done with an existing competitor?
A. Foreign direct investment
B. Strategic alliance
C. Exports strategy
D. Trade blocs
Ans: B

36. This country is an active member of OPEC –
A. Portugal
B. The United Kingdom
C. Saudi Arabia
D. India
Ans: C

37. In a ___ competitive industry, a company’s business gets affected by the changing environments in different countries.
A. Global
B. Multinational
C. Domestic
D. Local
Ans: A

38. What is the other name for the C2C model?
A. Peer to Peer exchanges
B. Care to Customer model
C. Customer to Client interchanges
D. Community to Community interactions
Ans: A

39. TPM refers to –
A. Transfer Process Methodology
B. Transfer Pricing Manipulation
C. Treaty for Private Management
D. Tariff for Processed Materials
Ans: B

40. Risk management is an integral part of the ___ policies.
A. Employee relations
B. International Human Resource Management (IHRM)
C. Human Resource Management (HRM)
D. International Business Management (IBM)
Ans: B

Customer Relationship Management MCQs

41. Which one of the following is an example of a rating agency?
A. Basel Committee
B. Economist Intelligence unit
Ans: B

42. Which of the following is one of the main dimensions of international human resource management? A. Employee expense
B. Management style
C. Countries of operation
D. Legal factors related to workforce
Ans: C

43. When a car manufacturer manufactures cars in the home country and directly ships them to a foreign country can be an example for ___.
A. Joint venture
B. Direct exporting
C. Predictable trading
D. Indirect exporting
Ans: B

44. Which of the following refers to the process of settlement of disputes by having independent referees, who are agreeable to both sides, adjudicate the matter?
A. Mercantilism
B. Litigation
C. Arbitration
D. Code law
Ans: C

45. Identify the right statement
1. The level of integration of a country with other countries is determined by what it shares and how it shares.
2. Policymakers make use of the wealth of knowledge that is made possible by the rise of the global economy.
A. 1 only
B. 2 only
C. both
D. none of the above
Ans: C

46. A business deals with ___ culture in its domestic market.
A. Homogenous
B. Heterogeneous
C. Exogenous
D. Indigenous
Ans: A

47. The term ___ refers to the complete range of strategic decision-making activities in an organization.
A. Strategic management
B. Strategic analysis
C. Strategic planning
D. Strategic competitiveness
Ans: A

48. This focuses on the level of equality or inequality that exists between individuals in the society of a country. This is referred to as –
A. Uncertainty Avoidance Index
B. Individualistic control
C. Long-term Orientation
D. Power Distance Index
Ans: D

49. Which of the following planning processes is for six months to two years?
A. Intermediate planning
B. Strategic planning
C. Short-term planning
D. Long-term planning
Ans: A

50. There are two types of political risks namely ___ and ___ risks.
A. Macro, Micro
B. Major, Minor
C. Homogeneous, Heterogeneous
D. Internal, external
Ans: A

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