Quiz Six T/F

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True

Over the last few years, there has been a major increase in the number of "electronic freelancers" - individuals who work on a project for a company, usually via the Internet, and move on to other employment when the assignment is done

True

Strategic management is required to keep track of increasingly diversified operations in a continuously changing international environment

True

Although strategic planning usually seems to pay off, as with most other aspects of international management, the specifics of the situation will dictate the success of the process

False

An advantage of a global functional division structure is that only the CEO can be held accountable for the profits

True

Centralization is a management system in which important decisions are made at the top

False

Companies that spend a relatively large share of their revenues on research and development (R&D) are likely to be licensees, and those that spend very little on R&D are more likely to be licensors

True

Cultural differences and time constraints are the two most pervasive barriers in mergers and acquisitions

False

Firms that pursue a global product division structure typically have products that are in the maturity stage of the product life cycle

True

Franchise agreements typically require payment of a fee up front and then percentage of the revenues

True

International strategies are characterized by increased international standardization of products and services

False

International strategy is a differentiated strategy emphasizing local adaptation

True

Multinational corporations generally need higher profitability from their overseas operations than they do from their domestic operations

False

One of the primary advantages of global area division structures is the ease with which product emphasis can be reconciled with a geographic orientation

True

One of the ways in which a multinational corporation (MNC) can enter a frontier market is by entering into a joint venture with a local company that specializes in the cultural knowledge of the marketplace

True

The global structural arrangement differs from the international division structure because, while both have an international scope, the former focuses on greater expansion and integration among international operations

False

There is definitive evidence that strategic planning in the international arena always results in higher profitability

False

To a growing extent, the customers of multinational corporations have heterogeneous tastes, and this has helped to spread international consumerism

True

Total quality management techniques range from traditional inspection and statistical quality control to cutting-edge human resource management techniques

False

Use of the finance function to implement strategy normally is developed at the overseas affiliate or branch and sent to the home office

False

Wholly owned subsidiaries face a low risk with large investments in one area


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