Capstone Final

200 Questions  I  By Jprohoroff on May 11, 2011
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1.  Strong pressures for local responsiveness emerge when customer tastes and preferences
A.
B.
C.
D.
E.
2.  Which of the following entry modes allow(s) a company to engage in global strategic coordination?
A.
B.
C.
D.
E.
3.  A key to making a strategic alliance work is
A.
B.
C.
D.
E.
4.  Which of the following is not a risk of exporting?
A.
B.
C.
D.
E.
5.  In which of the following circumstances does a localization strategy make the most sense?
A.
B.
C.
D.
E.
6.  Global economies of scale can be realized by
A.
B.
C.
D.
E.
7.  Which of the following companies increased company growth rates by developing products at home and then expanding sales of these products in international markets?
A.
B.
C.
D.
E.
8.  Firms should choose likely countries for an international expansion effort based on all of the followingexcept the
A.
B.
C.
D.
E.
9.  Global expansion
A.
B.
C.
D.
E.
10.  Foreign subsidiaries play a major role in shaping the future direction of a company pursuing a(n)
A.
B.
C.
D.
E.
11.  A company that enters a foreign market by entering into a licensing agreement with a local company
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B.
C.
D.
E.
12.  What are the risks associated with licensing as a means of entering overseas markets?
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B.
C.
D.
E.
13.  A nation's companies gain competitive advantage if their domestic customers are
A.
B.
C.
D.
E.
14.  Which of the following has occurred in international trade over the past half-century?
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B.
C.
D.
E.
15.  Most manufacturing companies begin their global expansion by
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D.
E.
16.  Which of the following factors increases pressures for cost reductions?
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B.
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D.
E.
17.  Attaining a credible commitment from a potential partner
A.
B.
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D.
E.
18.  Cost reduction pressures can be particularly intense in industries producing
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D.
E.
19.  The ability to realize cost economies from global volume is greatest in the case of
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B.
C.
D.
E.
20.  Factors of production include all but which of the following?
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B.
C.
D.
E.
21.  When entering an overseas market, which of the following factors should be considered?
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B.
C.
D.
E.
22.  Which entry mode gives a multinational the tightest control over foreign operations?
A.
B.
C.
D.
E.
23.  When a company increases its growth rate by taking goods or services developed at home and selling them internationally, it is
A.
B.
C.
D.
E.
24.  Which of the following isnot a necessity for leveraging the skills of global subsidiaries?
A.
B.
C.
D.
E.
25.  A localization strategy is most appropriate when
A.
B.
C.
D.
E.
26.  Companies that pursue a transnational strategy are trying to develop
A.
B.
C.
D.
E.
27.  Which of the following factors increases pressures for local responsiveness?
A.
B.
C.
D.
E.
28.  Procter & Gamble grew rapidly in international markets because of its
A.
B.
C.
D.
E.
29.  When a company performs a value creation activity in the optimal location for that activity, wherever in the world that might be, it is trying to capitalize on
A.
B.
C.
D.
E.
30.  For a hotel company whose competitive advantage is based on high brand-name recognition, which of the following ways of serving an overseas market makes the most sense?
A.
B.
C.
D.
E.
31.  Host government demands generally
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B.
C.
D.
E.
32.  Clear Vision's decision to own a manufacturing facility overseas was not influenced by which of the following factors?
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B.
C.
D.
E.
33.  When toymaker Mattel sells Barbie dolls in the Middle East, it changes the doll's shape to one that is a more accurate portrayal of a female body. Mattel does this to
A.
B.
C.
D.
E.
34.  In which of the following circumstances does a global standardization strategy make the most sense?
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B.
C.
D.
E.
35.  Which of the following is not an objective of a transnational company?
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B.
C.
D.
E.
36.  Managers of a multinational enterprise must recognize that skills
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B.
C.
D.
E.
37.  The timing of entry into an overseas market
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B.
C.
D.
E.
38.  Which of the following is not an attribute of a national or country-specific environment that has an impact on global competitiveness of companies located in that nation?
A.
B.
C.
D.
E.
39.  All of the following are first-mover advantages except the ability to
A.
B.
C.
D.
E.
40.  A localization strategy is based on which of the following ideas?
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B.
C.
D.
E.
41.  When technology in an industry is changing rapidly, a company pursuing a strategy of vertical integration may find itself
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B.
C.
D.
E.
42.  Which of the following statements concerning vertical integration is not correct?
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B.
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D.
E.
43.  Hewlett Packard and Compaq recently completed a merger. The combined firm is larger and therefore can negotiate lower prices from suppliers. This benefit of horizontal integration is called
A.
B.
C.
D.
E.
44.  Observing the pattern of consolidation in U.S. industries over time, one will notice that
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B.
C.
D.
E.
45.  Outsourcing occurs when a firm
A.
B.
C.
D.
E.
46.  When a company decides to expand into new industries, it must
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B.
C.
D.
E.
47.  Which of the following is not an accurate statement about outsourcing?
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B.
C.
D.
E.
48.  Antitrust regulation
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B.
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D.
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49.  Which of the following is not a benefit of vertical integration?
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B.
C.
D.
E.
50.  Which of the following strategies facilitates the implementation of a just-in-time inventory system?
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B.
C.
D.
E.
51.  Companies invest in specialized assets because these assets allow them to
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B.
C.
D.
E.
52.  To ensure the easy transfer of important competitive information between a firm and its outsourcing contractors, the firm should
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B.
C.
D.
E.
53.  Credible commitments
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B.
C.
D.
E.
54.  Adam's boss tells him that their company is pursuing a strategy of horizontal integration, which means that the company will
A.
B.
C.
D.
E.
55.  Which of the following activities should not be outsourced by a virtual corporation?
A.
B.
C.
D.
E.
56.  In which of the following is a firm most likely to lose direct control over value creation activities?
A.
B.
C.
D.
E.
57.  Many industries have experienced increased consolidation over the last decade due to an increase in
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B.
C.
D.
E.
58.  A wealth of data suggests that most mergers and acquisitions
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D.
E.
59.  Which of the following is not a characteristic of strategic alliances entered into to support related diversification?
A.
B.
C.
D.
E.
60.  Companies can maintain market discipline over suppliers by
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B.
C.
D.
E.
61.  When Daimler-Benz and Chrysler merged, DaimlerChrysler sharply reduced its U.S. corporate-level staff, running the combined company primarily from its German headquarters. Which benefit of horizontal integration does this example illustrate?
A.
B.
C.
D.
E.
62.  Under which of the following circumstances is vertical integration most likely to help a company establish itself as a differentiated player in its core business?
A.
B.
C.
D.
E.
63.  A hospital supply company invests in training for a team of sales associates to learn the details of each hospital chain's operations. In return, the hospital chain invests in a computer system that supports supply ordering. The supply company and the hospital chain are working to ensure the success of their long-term relationship by
A.
B.
C.
D.
E.
64.  Under which of the following circumstances is vertical integration hazardous?
A.
B.
C.
D.
E.
65.  When an intermediate manufacturer moves into final assembly, it is pursuing
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B.
C.
D.
E.
66.  John's surfboard shop has a long-term relationship with two surfboard makers. John is using
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B.
C.
D.
E.
67.  Forward integration means that a company is moving into
A.
B.
C.
D.
E.
68.  Horizontal integration may be thought of as
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B.
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D.
E.
69.  To build trust in a cooperative relationship, both firms can
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B.
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D.
E.
70.  A specialized asset is one that is designed to
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B.
C.
D.
E.
71.  When there is a minimal need for close long-term cooperation between a company and its suppliers, which of the following strategies is the most appropriate?
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B.
C.
D.
E.
72.  Long-term contracts
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D.
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73.  Another name for long-term cooperative relationships between two or more companies who agree to commit resources to develop new products is
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E.
74.  Strategic outsourcing is best described as a
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B.
C.
D.
E.
75.  Vertical integration is based on a company entering industries that add _________ to its core products.
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B.
C.
D.
E.
76.  In today's business environment, mergers and acquisitions are
A.
B.
C.
D.
E.
77.  Outsourcing
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B.
C.
D.
E.
78.  The final part of the strategy formulation process is
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D.
E.
79.  Which of the following problems is (are) associated with a strategy of vertical integration?
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B.
C.
D.
E.
80.  Ownership of retail outlets may be important for a manufacturer if
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B.
C.
D.
E.
81.  Which of the following statements concerning research and development is correct?
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B.
C.
D.
E.
82.  Which of the following entry strategies should be used when speed is an important consideration?
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B.
C.
D.
E.
83.  General organizational competencies are found
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B.
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D.
E.
84.  New ventures are likely to be preferred compared to acquisitions when
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D.
E.
85.  What accounts for the high failure rate of all new products that reach the marketplace?
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B.
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D.
E.
86.  Companies that base their diversification strategy on transferring competencies tend to acquire new businesses that are ___________ to their existing business activities.
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B.
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D.
E.
87.  A company pursuing a multibusiness model based on diversification may justify this strategy for what reason(s)?
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B.
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D.
E.
88.  New ventures
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89.  What is perhaps the most important reason why acquisitions made by a company fail?
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90.  Diversification dissipates value when it is based on
A.
B.
C.
D.
E.