SEVI 4583 Test 3

A fixed peg currency arrangement means that

A country's exchange rates fluctuates around a fixed rate within a narrow band

The Triffin paradox refers to what occurs when

A national currency that is also a reserve currency runs a deficit

Companies controlled by other companies in which less than majority owners may exercise control by a variety of means, both those involving stock ownership and those involving nonownership mechanisms.

Affiliates

What is known to be the most discreet financial institution in the world?

Banking for international settlements

To be effective, a company's international strategy must be

Consistent among all the functions and activities of the company

In which type of currency arrangement would a currency be readjusted periodically at a fixed, preannounced rate?

Crawling Peg

When designing the structure of an IC, the element a company considers while it assesses population groups is

Customer expertise

Most significantly for the international manager, the balance of payments reveals

Demand for a country's currency

Research indicates that many CEOs feel that a prerequisite for global industry dominance is

Developing a company global mind-set

Companies rely on a mission statement to determine where it is going in the future how it will get there and whether or not goals are achieved

False

Connor works at the headquarters of fibernet corp. He receives bimonthly reports that reveal if surplus funds are available. It is then Connor's job to determine how those funds should be allocated. What type of report would provide Connor with this information?

Financial

What is found at the base, or bottom level, of the Pyramid Model of Global Leadership?

Global knowledge

Melanie is known at work for being the manager with the greatest concern for the well being of others. Which leader style does she possess?

Humane

Madison enterprises is an international corporation that sells sporting equipment and has has regional units for the past ten years. Recently, the company acquired an international business that specializes in skin care products for athletes. Madison enterprises has brought that company in and retained its product division setup. What type of structure does Madison Enterprises now use?

Hybrid

Changes in the way corporate planning is done today includes

Interaction with important customer, distributors, or suppliers

What is a disadvantage of top-down plannings?

It restricts initiative at lower levels of the organization

When selecting the manager for the new global team, the company wanted to find someone who understood the importance of developing relationships with co-workers, vendors, and suppliers, which of the traits identified by aperian global does this represent

Make connections.

Caroline works in Asia for an affiliate of sheppard electronics based in oklahoma. She has learned that a large geographic sector in Asia would benefit from the company's master recharging station and shares the information with headquarters in her monthly report. Which aspect of reporting does this reflect

Market opportunities

An organization in which top level divisions are required to heed input from a staff composed of experts from another organizational dimension is an attempt to avoid the double-reporting difficulty of a matrix organization but still mesh two or more dimensions

Matrix overlay

Global leaders confront increased ambiguity because

Much of the information they receive is difficult to give meaning to

According to Mintzberg and others, the roles of the global leader include

Negotiator and change agent

Exchange rate fluctuations are best described as

Not yet fully understood by economists

After acquiring two new foreign affiliates, Henson manufacturing created a new organizational chart to indicate where formal authority would lie within the organization. This organization chart is an indication of

Organizational structure

SDR refers to

Special drawing rights, an international reserve asset.

The time horizon of a strategic plan will vary according to

The age of the firm and the stability of its market

Managers of international companies that are attempting to develop a competitive advantage face a formidable challenge because

Time, talent, and money are scarce

The GLED model of global leadership development assumes that outcomes are influenced by

Transformational process

An evolving structure of an international organization over time is normal, as the company's involvement in foreign markets increase over time

True

Sir Isaac Newton established the price of gold in 1717 in terms of British currency.

True

In which stage of the Kurt Lewin''s change model does a company prepare employees for change

Unfreezing

An assessment conducted on the chain of interlinked activities of an organization as set of interconnected organizations, intended to determine where and to what extent value is added to the final product or service is known as

Value chain analysis

A value-added tax is actually a sales tax that is

paid in stages along the process from raw materials to consumer.