test 2

QUESTION 1

1. In a non-equity-based alliance, which of the following should be high for possible upgrading to equity-based relationships?

a.Degree of tacitness
b.Importance of direct organizational monitoring and control
c.Potential as real option
d.Influence of formal institutions

3 points   

QUESTION 2

1. The institution-based view driving alliances and acquisitions focuses on _____ concerns.

a.value
b.learning by doing
c.antitrust
d.rarity

3 points   

QUESTION 3

1. Which of the following motives for acquisition faces the resource-based issue of access to complementary resources?

a.Managerial
b.Synergistic
c.Hubristic
d.Collaborative

3 points   

QUESTION 4

1. A non-equity based alliance is also called a _____.

a.cross-border alliance
b.synergistic alliance
c.hubristic alliance
d.contractual alliance

3 points   

QUESTION 5

1. The act of investigating prior to signing contracts is called _____.

a.relational capability
b.hubristic motive
c.strategic fit
d.due diligence

3 points   

QUESTION 6

1. Equity alliance relationships tend to have less direct control over joint activities on a continual basis than contractual relationships.

 True

 False

3 points   

QUESTION 7

1. At stage 1 in the formation of an alliance, a firm must _____.

a.check the degree of tacitness
b.decide whether growth can be achieved through market transactions
c.choose between a contract or an equity approach
d.evaluate institutional constraints

3 points   

QUESTION 8

1. Acquisition premium is the difference between the acquisition price and the market value of the acquiring firm.

 True

 False

3 points   

QUESTION 9

1. Equity-based alliances include co-marketing, research and development, contracts, turnkey products, strategic suppliers, and strategic distributors.

 True

 False

3 points   

QUESTION 10

1. One of the disadvantages of having strategic alliances is potential partner opportunism.

 True

 False

3 points   

QUESTION 11

1. In the context of the motives for acquisition, from a resource-based view, the most important _____ rationale is to leverage superior resources.

a.hubristic
b.managerial
c.synergistic
d.collusive

3 points   

QUESTION 12

1. Alliances permit firms to sequentially increase their investment should they decide to pursue acquisitions.

 True

 False

3 points   

QUESTION 13

1. In an alliance, keeping critical skills and technologies not meant to be shared a secret helps prevent _____.

a.opportunism
b.proxy fight
c.hostile takeover
d.corporate raider

3 points   

QUESTION 14

1. Strategic investments in an equity-based alliance involve one partner investing in another.

 True

 False

3 points   

QUESTION 15

1. One way of combating opportunism in an alliance is to wall off critical capabilities.

 True

 False

3 points   

QUESTION 16

1. Localization is appealing, but expensive.

 True

 False

3 points   

QUESTION 17

1. Which of the following four Ps of marketing includes TV, radio, print, and online advertising, as well as coupons, direct mail, billboards, direct marketing, and public relations?

a.Pointcasting
b.Prospecting
c.Positioning
d.Promotion

3 points   

QUESTION 18

1. In supply chain management, _____ is a focus to establish, maintain, and enhance associations with customers.

a.market orientation
b.relationship orientation
c.sales orientation
d.societal orientation

3 points   

QUESTION 19

1. The triple As underpinning supply chain management are agility, adaptability, and aggregation.

 True

 False

3 points   

QUESTION 20

1. _____ is a neutral, third-party intermediary in the supply chain that provides logistics and other support services.

a.FOB
b.3PL
c.PPB
d.LCL

3 points   

QUESTION 21

1. Standardized promotion helps project a globally consistent message, but is expensive.

 True

 False

3 points   

QUESTION 22

1. Agility focuses on flexibility that can overcome short-term fluctuation in the supply chain.

 True

 False

3 points   

QUESTION 23

1. _____ refers to the ability to quickly react to unexpected shifts in supply and demand.

a.Agility
b.Alignment
c.Adaptability
d.Aggregation

3 points   

QUESTION 24

1. Agility refers to the ability to change supply chain configurations in response to longer-term changes in the environment and technology.

 True

 False

3 points   

QUESTION 25

1. For which of the following customer categories are firms advised to leverage the global brands and their relatively more standardized products and services?

a.Global dreamers and antiglobals
b.Global citizens and global dreamers
c.Antiglobals and global agnostics
d.Global agnostics and global citizens

3 points   

QUESTION 26

1. _____ divides consumers based on purchasing behavior.

a.Sorting
b.Selective distribution
c.Market orientation
d.Market segmentation

3 points   

QUESTION 27

1. Firms dealing with global agnostics can leverage global brands and their relatively more standardized products and services.

 True

 False

3 points   

QUESTION 28

1. Price elasticity refers to the changes in demand when price changes.

 True

 False

3 points   

QUESTION 29

1. Which of the following is one of the triple As in supply chain management?

a.Accountability
b.Alignment
c.Accessibility
d.Applicability

3 points   

QUESTION 30

1. Within a single product category, product attributes are standardized.

 True

 False

3 points   

QUESTION 31

1. ____ focuses on flexibility that can overcome short-term fluctuation in the supply chain.

a.Adaptability
b.Alignment
c.Aggregation
d.Agility

3 points   

QUESTION 32

1. In the European Union, small and medium-sized enterprises (SMEs) are defined as firms with less than _____.

a.1000 employees
b.250 employees
c.750 employees
d.500 employees

3 points   

QUESTION 33

1. Individuals who discover, evaluate, and exploit previously unexplored opportunities are referred to as entrepreneurs.

 True

 False

3 points   

QUESTION 34

1. Family background and educational attainment correlate with entrepreneurship.

 True

 False

3 points   

QUESTION 35

1. Entrepreneurs need to cultivate strong informal norms granting legitimacy to entrepreneurs.

 True

 False

3 points   

QUESTION 36

1. Which of the following types of contracts are used between exporters and importers to reduce transaction risks?

a.Bill of lading
b.Articles of incorporation
c.Letter of credit
d.License

3 points   

QUESTION 37

1. Brazil has the lowest level of informal investment in the world.

 True

 False

3 points   

QUESTION 38

1. SMEs tend to be less entrepreneurial than large firms.

 True

 False

3 points   

QUESTION 39

1. In general, governments in developed economies impose more procedures to start a company than those in poorer countries.

 True

 False

3 points   

QUESTION 40

1. Entrepreneurs selling an equity stake or the entire firm to foreign entrants are using a(n) ____ strategy to internationalize.

a.export
b.licensing
c.harvest and exit
d.franchising

3 points   

QUESTION 41

1. Owners, managers, and employees at large firms tend to be more innovative and take more risks than those at entrepreneurial firms.

 True

 False

3 points   

QUESTION 42

1. In a manufacturing industry, _____ refers to firm A’s agreement to give firm B the rights to use A’s proprietary technology (such as a patent) or trademark (such as a corporate logo) for a royalty fee paid to A by B.

a.franchising
b.bailment
c.adverse possession
d.licensing

3 points   

QUESTION 43

1. A firm can internationalize by becoming a supplier for a foreign firm that is doing business in the domestic market.

 True

 False

3 points   

QUESTION 44

1. The foreign exchange markets are influenced only by economic factors and free from the effect of social or political pressures.

 True

 False

3 points   

QUESTION 45

1. In foreign exchange, a(n) _____ is said to have occurred when investors move in the same direction at the same time, like a herd.

a.positive correlation
b.bandwagon effect
c.placebo effect
d.edge effect

3 points   

QUESTION 46

1. The Bretton Woods system had been built on the condition that the US inflation rate had to be continuously high.

 True

 False

3 points   

QUESTION 47

1. Which of the following characterizes the peg policy in foreign exchange rates?

a.It links a developed country’s currency to the gold standard.
b.It stabilizes the import and export prices for developing countries.
c.It is a type of floating exchange rate policy.
d.It is primarily used by developed countries to control inflation.

3 points   

QUESTION 48

1. The foreign exchange market has no central physical location and is the largest and most active market in the world.

 True

 False

3 points   

QUESTION 49

1. _____ refers to non-financial companies spreading out its activities in different currency zones in order to offset the currency losses in certain regions through gains in other regions.

a.Currency swapping
b.Currency pegging
c.Strategic hedging
d.Currency hedging

3 points   

QUESTION 50

1. In terms of international trade competitiveness, a strong dollar makes it easier for US firms to export and to compete on price when combating imports.

 True

 False

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