ANSWER:
a
68. The people who can affect or be affected by the organization achieving its objectives are known as
a.
stakeholders.
b.
shareholders.
c.
employees.
d.
investors.
ANSWER:
a
69. What have recent studies found regarding the distribution of well-managed and poorly managed firms?
a.
The distribution usually has a tail of well-managed firms.
b.
Management quality is fairly consistent throughout the world.
c.
Exceptional firms skew the data, making it difficult to graph.
d.
The distribution results in a bell curve.
ANSWER:
d
70. When reviewing the diversity of management practices around the world, the quality of management practices
a.
depends on the interpersonal relationships among managers.
b.
is tightly related to size of firm, economic development of markets, and formal structures.
c.
seems to correlate with the level of economic development.
d.
relies heavily on the assessment of external opportunities and threats.
ANSWER:
c
71. A resource-based view of strategy sees a firm’s success as primarily dependent on
a.
a firm’s opportunities and threats.
b.
a firm’s strengths and weaknesses.
c.
the competitive forces of the firm’s market.
d.
the formal and informal rules of the game.
ANSWER:
b
72. In determining the success and failure of firms around the globe, strategic managers will look at
a.
how to acquire, leverage, and sustain competitive advantage over time.
b.
comparative analysis of industry-based, resource-based, and institution-based practices.
c.
how to best standardize a firm’s products and services on a worldwide basis.
d.
a standardized balanced scorecard across industries.
ANSWER:
a
73. Which definition of “global strategy” do the authors promote?
a.
A particular theory on how to compete that is relevant to the majority of MNEs active in any country
b.
Offering standardized products and services on a worldwide basis
c.
Strategy of firms around the globe—essentially various firms’ theories about how to compete successfully
d.
Just another term for international strategy
ANSWER:
c
74. The most realistic and balanced view of globalization is
a.
a new force sweeping through the world in recent times.
b.
a long-run historical evolution since the dawn of human history.
c.
a pendulum that swings from one extreme to another from time to time.
d.
headed in one direction.
ANSWER:
c
75. Which of the following was the first to express concern about international competition from low-cost countries?
a.
American political leaders in the twenty first century
b.
Union leaders in the last half of the twentieth century
c.
A first-century Roman emperor
d.
The King of England in the late 1700s
ANSWER:
c
76. The current era of globalization originated in the aftermath of
a.
World War I.
b.
World War II.
c.
the Vietnam Conflict.
d.
the Gulf War.
ANSWER:
b
77. Those who view globalization as a “pendulum” realize the importance of the practice of _________________, which meansto identify and assess as well as minimize the effects of unfortunate events.
a.