IBUS Final
The second phase in an alliance dissolution is _____. a. going public b. imitation c. strategizing d. uncoupling
A
Which element of knowledge management faces the common problem of absorptive capacity? a. Knowledge inflow b. Knowledge transmission c. Knowledge outflow d. Knowledge retention
A
Which of the following is a key element to achieving alignment in the supply chain? a. Power b. Standardization c. Localization d. Productivity
A
Which of the following occurs in the uncoupling stage of an alliance dissolution? a. Last minute salvage b. New relationships c. Reconciliation d. Mediation by third parties
A
Which of the following stakeholders has the most concern over short-term revenue falling during mergers and acquisitions? a. Investors b. Top management c. Middle management d. Customers
A
_____ determines the institutional mix of competition and cooperation that gives rise to the market system and also seeks to balance efficiency and fairness. a. Competition policy b. Antitrust policy c. Mutual forbearance d. Fairness policy
A
In developed economies, a firm's key concern is to enhance competitiveness to fight off low-cost rivals from emerging economies.
T
A high degree of _____ suggests that if a firm attacks in one market, its rivals may engage in cross-market retaliation. a. market commonality b. explicit collusion c. multimarket competition d. predatory pricing
A
_____ strategy centers on leveraging home-grown competencies abroad. a. Contender b. Extender c. Defender d. Dodger
B
A(n) ____ is an investment in real operations as opposed to financial capital. a. real account b. hubris c. real option d. foreign direct investment
C
The _____ strategy is an extension of the home replication strategy. a. global b. transnational c. localization d. export
C
The category of customers who are skeptical about whether global brands deliver higher quality goods are called _____. a. global citizens b. global dreamers c. antiglobals d. global agnostics
C
The hallmark of the _____ structure is the coordination of responsibilities between product divisions and geographic areas. a. global product division b. geographic area c. global matrix d. international division
C
Which of the following industrial characteristics makes a collusion difficult but leads to competition? a. Existence of few firms in the industry b. Existence of an industry price leader c. Lack of market commonality d. High barriers of entry
C
Which of the following was considered the secondary sector for organized economic activities during the Industrial Revolution? a. Retail b. Residual service activities c. Manufacturing d. Agriculture
C
Enhancing agility often entails making a series of make-or-buy decisions.
F
Every alliance or acquisition decision is driven by imitation.
F
Flow of knowledge is limited in the home replication strategy.
F
Global standardization or transnational strategies often necessitate an ethnocentric approach, resulting in a mix of HCNs, PCNs, and TCNs.
F
In a transnational strategy, the flow of knowledge is unidirectional.
F
In the context of market orientation vs. relationship orientation, relationship orientation capabilities contribute more toward performance.
F
In the context of segmentation based on customer categories, global citizens are always skeptical about whether global brands deliver high quality goods.
F
In the context of market orientation vs. relationship orientation, for truly outstanding performance, relationships are necessary but not sufficient.
T
Introducing third-party logistics (3PL) providers may more effectively align the interests in the supply chain.
T
Knowledge inflow faces the common problem of "Not invented here" syndrome.
T
Learning aquatic zumba is an example of tacit knowledge.
T
Many firms phase out the international division structure after their initial stage of overseas expansion.
T
Mergers and acquisitions represent the largest proportion of foreign direct investment (FDI) flows.
T
The alliance dissolution is a four-step process.
T
In terms of the supply chain, alignment is best defined as _____. a. the combining of interests of various players involved in the supply chain b. the ability to change supply chain configurations in response to long-term changes in the environment and technology c. the ability to quickly react to unexpected shifts in supply and demand d. the way to identify consumers who differ from others in purchasing behavior
A
In which of the following strategies is knowledge mostly developed and retained at the center and key locations? a. Global standardization strategy b. Transnational strategy c. Localization strategy d. Home replication strategy
A
Which element of knowledge management faces the common problem of "Not invented here" syndrome? a. Knowledge inflow b. Knowledge transmission c. Knowledge acquisition d. Knowledge outflow
A
. At which stage in the formation of alliance must a firm decide whether to take a contract or an equity approach? a. Stage 1 b. Stage 2 c. Stage 3 d. Stage 4
B
. In the context of the customer-focused dimension of a global matrix, the _____ structure allows a provider to sell whatever combination of goods and services that customers prefer, including rivals' offerings. a. open innovation b. solutions-based c. global account d. social capital
B
. Which combination of resource similarity and market commonality results in the least intense competition? a. High resource similarity, low market commonality b. Low resource similarity, high market commonality c. Low resource similarity, low market commonality d. High resource similarity, high market commonality
B
65. Knowledge acquisition, one of the knowledge management elements, faces the common problem of _____. a. "How does it help me? " syndrome b. failure to share and integrate external knowledge c. "Not invented here " syndrome d. absorptive capacity
B
A _____ antirust policy would protect established firms that have already invested and nurtured an industry from new entrants. a. pro-imitability b. pro-incumbent c. pro-competition d. pro-consumer
B
In the context of the motives for acquisition, from a resource-based view, the most important _____ rationale is to leverage superior resources. a. managerial b. synergistic c. hubristic d. collusive
B
The _____ strategy endeavors to be simultaneously cost efficient, locally responsive, and learning-driven around the world. a. home replication b. transnational c. global d. localization
B
The combination of operations and management of two firms to establish a new legal entity is called a(n) _____. a. joint venture b. merger c. contractual alliance d. acquisition
B
Which of the following is a theory that studies the interactions between two parties that compete and/or cooperate with each other? a. Predatory pricing b. Game theory c. Prisoner's dilemma d. Cross-market retaliation
B
Which of the following was considered the primary sector for organized economic activities during the Industrial Revolution? a. Retail b. Agriculture c. Manufacturing d. Service
B
Which of the following was viewed the tertiary sector for organized economic activities during the Industrial Revolution? a. Agriculture b. Residual service activities c. Manufacturing d. Retail
B
Which strategy is best for environments where there are clear differences among national and regional markets and there is a low pressure for cost reduction? a. Home replication strategy b. Localization strategy c. Global standardization strategy d. International strategy
B
Who benefits the most from the acquisition premium valued during an acquisition? a. The shareholders of the acquiring firm b. The shareholders of the target firm c. The opportunistic partner d. The partner who possesses hard-to-imitate capabilities
B
____ innovation is the use of purposive inflows and outflows of knowledge to accelerate internal innovation and expand the markets for external use of innovation. a. Collaborative b. Open c. Closed d. Absorptive
B
____ requires firms to continuously monitor major geopolitical, social, and technological trends in the world, and reconfigure the supply chain accordingly. a. Agility b. Adaptability c. Alignment d. Aggregation
B
66. ____ is the informal interpersonal relationships among managers of different units that may greatly facilitate intersubsidiary cooperation among various units. a. Social capital b. Absorptive capacity c. Micro-macro link d. Subsidiary initiative
C
If a firm is operating in an environment with a high pressure for globalization, which of the following is the most preferred strategy? a. Defender strategy b. Extender strategy c. Dodger strategy d. Collusion strategy
C
In the context of the customer-focused dimension of a global matrix, the _____ structure supplies customers in a coordinated and consistent way across various countries. a. solutions-based b. open innovation c. global account d. social capital
C
Knowledge outflow, one of the knowledge management elements, faces the common problem of _____. a. inappropriate channels b. absorptive capacity c. "How does it help me?" syndrome d. "Not invented here" syndrome
C
For which of the following categories of customers can MNEs market localized products and services under local brands? a. Global dreamers b. Global activists c. Global citizens d. Global agnostics
D
Market orientation seeks to place the highest priority on which of the following? a. Coordinating operations b. Supply chain efficiency c. Relationships with customers d. Creation of superior customer value
D
The _____ structure allows for consolidation on a worldwide or regional basis and reduces inefficient duplication in multiple countries. a. geographic area b. global matrix c. international division d. global product division
D
The _____ structure is the opposite of the geographic area structure. a. international division b. global matrix c. multidomestic d. global product division
D
The ability to successfully manage interfirm relationships is called _____. a. hubristic capability b. synergistic capability c. contractual capability d. relational capability
D
The global product division structure supports the _____ strategy. a. transnational b. global matrix c. multidomestic d. global standardization
D
The two key elements to achieve alignment are power and _____. a. agility b. promotion c. aggregation d. trust
D
Which element of knowledge management faces the common problem of employee turnover? a. Knowledge inflow b. Knowledge transmission c. Knowledge outflow d. Knowledge retention
D
Which of the following may be a hindrance to successful knowledge management? a. Bonuses tied to measurable knowledge outflows and inflows b. Investment in codifying tacit knowledge c. Facilitation of informal social capital d. Use of single-subsidiary-based incentives
D
_____ refers to the ability to quickly react to unexpected shifts in supply and demand. a. Aggregation b. Adaptability c. Alignment d. Agility
D
. The advantage of hiring employees who are host-country nationals is that it facilitates control by headquarters.
F
Acquisition premium is the difference between the acquisition price and the market value of the acquiring firm.
F
Adaptability in supply chain management refers to the ability to quickly react to unexpected shifts in supply and demand.
F
Alliances preclude acquisitions
F
An MNE with transnational strategy typically staffs host-country nationals.
F
Collusion is more difficult between firms with high market commonality than firms with low market commonality.
F
During the Industrial Revolution, residual service activities was often the secondary sector for organized economic activities.
F
Integrating individuals from two (parent and host) countries is a lot more complex than molding managers from a variety of nationalities.
F
Knowledge retention faces the common problem of absorptive capacity.
F
MNEs intend to eventually replace even top-level expatriates with TCNs, in part to save cost.
F
One of the disadvantages of the geographic area structure is that the country and regional managers are not given sufficient voice relative to the heads of the domestic divisions.
F
PCNs generally stay in their positions longer and thus provide more continuity of management.
F
The advantage of hiring employees who are parent-country nationals is that they bridge the gap between headquarters and the subsidiary.
F
The geographic area structure is appropriate for a transnational strategy.
F
The global product division structure organizes the MNE according to different geographic areas.
F
The majority of an MNE's employees are typically parent-country nationals. a. True b. False
F
The terms knowledge management and information management can be used interchangeably.
F
The three potential motives for alliances are synergistic, hubristic, and managerial motives.
F
The triple As underpinning supply chain management are agility, adaptability, and aggregation.
F
When MNEs adopt a localization strategy, the interdependence on knowledge management is high.
F
Within a single product category, product attributes are standardized.
F
The "imitability" of an alliance is based on the trust and understanding between the partners.
T
The United States has the world's oldest antitrust frameworks dating back to the 1890 Sherman Act.
T
The antitrust policies in the United States make it difficult for incumbents to raise entry barriers for new entrants.
T
The defender strategy centers on local assets in areas in which MNEs are weak.
T
The degree of tacitness is low in non-equity-based alliances.
T
The global account structure and solutions-based structure are two of the primary customer-focused dimensions of an MNE.
T
The international division structure is an organizational structure typically set up when a firm first engages in a home replication strategy.
T
MNEs adopting the _____ strategy may designate centers of excellence. a. global b. home replication c. localization d. transnational
A
____ refers to the expenditures a customer is willing to pay for a product. a. Total cost b. Price c. Total cost of ownership d. Price elasticity
B
In the first half of the 20th century, the services sector was more important than manufacturing.
F
Explicit knowledge is codifiable.
T
In theory, a global matrix structure supports the goals of the _____ strategy. a. transnational b. localization c. global standardization d. home replication
A
Which of the following motives for acquisition faces the resource-based issue of access to complementary resources? a. Collaborative b. Hubristic c. Managerial d. Synergistic
D
Which of the following strategies is often known as "international strategy"? a. Localization b. Global standardization c. Transnational d. Home replication
D
. In the context of achieving alignment, if a recognized leader in a supply chain exercises power, it facilitates legitimacy and efficiency of the whole supply chain.
T
A localization strategy is effective when differences among national and regional markets are clear, and pressures for cost reductions are low.
T
As one of the Ps in the marketing mix, place is also often referred to as the distribution channel.
T
During the first stage of alliance formation, a firm decides whether growth can be achieved strictly through market transactions, acquisitions, or alliances.
T
