Global Management Strategy Exam! Trivia Questions Quiz
What we have here is a global management strategy exam trivia questions quiz designed to help you review all that you know about how firms undertake a global marketing strategies, the factors that affect the right strategy and how to ensure that the strategy is effective. Think you are up for the challenge. Press start and give the answer you think is best and checkup the correct one in your notes once done. .
Questions and Answers
- 1.
To be able to succeed in the constantly changing environment of the international marketplace, managers must be able to sense and interpret intricate and dynamic changes in the environment.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Managers need to possess the ability to sense and interpret complex and ever-changing environmental changes in order to thrive in the international marketplace. This is because the international marketplace is characterized by constant fluctuations and uncertainties, such as changes in consumer preferences, economic conditions, and regulatory frameworks. By being able to sense and interpret these intricate and dynamic changes, managers can make informed decisions, adapt their strategies, and seize opportunities, thus increasing their chances of success in the international marketplace.Rate this question:
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- 2.
The worldwide functional manager must develop key relationships throughout the firm so that they may be able to capture information and innovation as it develops and she that information throughout the company to stay ahead of trends in the industry and to take advantage of opportunities and avoid threats as they emerge.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The explanation for the given correct answer is that a worldwide functional manager needs to develop key relationships within the company in order to capture information and innovation. By doing so, they can stay ahead of industry trends, take advantage of opportunities, and avoid potential threats. This emphasizes the importance of networking and collaboration within the organization to ensure continuous growth and success.Rate this question:
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- 3.
Managers at the top of the organization must be able to push the envelope to do better and strive harder by redefining the mission of the firm if necessary and adjusting the strategy if required.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Managers at the top of the organization need to have the ability to push boundaries and strive for improvement. This includes being open to redefining the mission of the firm and adjusting the strategy if needed. This is because top-level managers are responsible for making important decisions that impact the overall direction and success of the organization. By constantly pushing the envelope and being willing to adapt, these managers can help drive innovation and ensure the long-term viability of the firm. Therefore, the statement is true.Rate this question:
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- 4.
Managers must be able to develop and bring together a variety of strategic capabilities.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Managers must possess the ability to develop and integrate various strategic capabilities within their organization. This is essential for effective decision-making, problem-solving, and achieving organizational goals. By leveraging a diverse range of skills, knowledge, and resources, managers can create a competitive advantage and drive success. Therefore, the statement "Managers must be able to develop and bring together a variety of strategic capabilities" is true.Rate this question:
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- 5.
The Global Business Manager is ( Choose the one that does not fit):
- A.
Making decisions on where to locate key manufacturing plants
- B.
Understand the local culture and acting as the local expert of the market
- C.
Responding to the existing framework and investment that have already been made by past strategy
Correct Answer
B. Understand the local culture and acting as the local expert of the marketExplanation
The Global Business Manager is responsible for making decisions on where to locate key manufacturing plants and responding to the existing framework and investment that have already been made by past strategy. However, understanding the local culture and acting as the local expert of the market is not a responsibility of the Global Business Manager.Rate this question:
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- 6.
When the Country Manager wears the PIONEER hat, they are (choose the one that does not fit):
- A.
Defining the market structure
- B.
Developing key relationships
- C.
Develop innovative ideas and capabilities
- D.
Defining customer needs
Correct Answer
C. Develop innovative ideas and capabilitiesExplanation
When the Country Manager wears the PIONEER hat, they are responsible for defining the market structure, developing key relationships, and defining customer needs. However, developing innovative ideas and capabilities does not fit under the role of the Country Manager wearing the PIONEER hat. The role of developing innovative ideas and capabilities is usually associated with the role of an Innovator or a Research and Development team.Rate this question:
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- 7.
As the Global Business Strategist, the manager is making sure that there is a consistency of the business strategy locally with the overarching corporate strategy.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The explanation for the given correct answer is that as the Global Business Strategist, the manager's role is to ensure that the business strategy is consistent across different locations with the overarching corporate strategy. This means that the manager is responsible for aligning the local strategies with the overall goals and objectives of the company. By doing so, the manager can ensure that all branches or divisions are working towards the same strategic direction, maximizing efficiency and effectiveness in achieving the company's objectives.Rate this question:
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- 8.
The worldwide functional manager must (choose one that does not fit):
- A.
Scan the environment for information that may be groundbreaking to the firm or industry
- B.
Take into account the Administrative Heritage of the firm
- C.
Shares information with the appropriate people within the firm
Correct Answer
B. Take into account the Administrative Heritage of the firmExplanation
The worldwide functional manager is responsible for scanning the environment for groundbreaking information and sharing it with the appropriate people within the firm. However, taking into account the administrative heritage of the firm may not be a necessary task for the manager. This could refer to considering the historical administrative practices and traditions of the firm, which may not be relevant to the current global operations and decision-making processes.Rate this question:
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- 9.
The country manager is balancing the countervailing forces of the local market with the overarching corporate strategy of the firm, which can be a challenge. They are making sure the broad goals are being understood and implemented and at the same time, the local operations are heard and the needs and views are considered.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The explanation for the given correct answer is that the country manager plays a crucial role in balancing the countervailing forces of the local market with the overarching corporate strategy of the firm. This can be challenging because they need to ensure that the broad goals of the company are understood and implemented, while also taking into account the needs and views of the local operations. By doing so, the country manager ensures that the company's strategy is effectively executed at the local level, leading to overall success.Rate this question:
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- 10.
As an architect of asset and Resource configuration, the manager must track and coordinate the logistics of materials and component parts through the value chain to ensure timely delivery of quality inputs for the timely and quality production of the final product, the output.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The statement is true because as an architect of asset and resource configuration, the manager is responsible for tracking and coordinating the logistics of materials and component parts. This involves ensuring that the right materials are available at the right time and in the right quantity to facilitate the timely and quality production of the final product. By managing the value chain effectively, the manager can ensure timely delivery of quality inputs, which ultimately contributes to the production of a high-quality output.Rate this question:
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- 11.
Manager must be able to build and manage organizations that can withstand changes and at the same time compete on a worldwide platform.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The statement is true because in today's globalized and rapidly changing business environment, managers need to possess the skills to build and manage organizations that can adapt to changes and also compete on a global scale. This requires them to have a deep understanding of market dynamics, cultural diversity, and technological advancements, as well as the ability to develop strategies that can withstand disruptions and stay competitive. Without these abilities, organizations may struggle to survive and thrive in the increasingly competitive global marketplace.Rate this question:
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- 12.
The Global Business manager must start from scratch and design a process that will work going forward for the firm to be most efficient and effective.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The statement is false because the Global Business manager does not need to start from scratch and design a new process. They may need to make improvements or adjustments to the existing process, but they do not necessarily have to start from scratch.Rate this question:
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- 13.
Managers at the top of the organization must be able to (choose one that does not fit):
- A.
Leverage different perspectives into what is best for the company
- B.
Be able to understand the needs at the local level
- C.
Articulate the vision and strategy of the firm
Correct Answer
B. Be able to understand the needs at the local levelExplanation
Managers at the top of the organization must be able to leverage different perspectives into what is best for the company and articulate the vision and strategy of the firm. However, understanding the needs at the local level may not be a requirement for top-level managers as they are more focused on the overall direction and goals of the organization rather than specific local needs.Rate this question:
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- 14.
When the Country Manger wear the TRADER hat, they are ( choose the one that does not fit):
- A.
Developing local resources
- B.
Developing effective marketing messages
- C.
Controlling expenses
Correct Answer
B. Developing effective marketing messagesExplanation
The role of a Country Manager wearing the TRADER hat involves developing local resources and controlling expenses to effectively manage operations in the country. However, developing effective marketing messages may not directly align with the responsibilities of a Country Manager in this context. The focus of a Country Manager is typically on overall operations and strategy rather than marketing initiatives.Rate this question:
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- 15.
Most popular type of MNE today is the Transnational MNE, their decisions are based on moral principles rather than legal codes and they try to be proactive rather than reactive in dealing with their stakeholders.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The explanation for the answer "False" is that the statement contradicts the characteristics of a Transnational MNE. Transnational MNEs are known for making decisions based on legal codes rather than moral principles. Additionally, they tend to be reactive rather than proactive in dealing with their stakeholders. Therefore, the statement is not accurate and the correct answer is False.Rate this question:
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- 16.
Without effective managers in place you most well thought out and sophisticated strategy will fail.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Having effective managers is crucial for the success of any strategy. Even if a strategy is well thought out and sophisticated, it requires competent managers to implement it effectively. Managers play a key role in coordinating and aligning the efforts of the employees, ensuring that everyone is working towards the same goals and objectives. They provide guidance, support, and motivation to the team, and make critical decisions to overcome challenges and obstacles. Without effective managers, the strategy may lack direction, coordination, and proper execution, leading to failure.Rate this question:
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- 17.
As the Global business strategist, the manager is taking into account all of the diverse perspectives and interests of the geographic and functional managers and distilling them down into what is best for the firm.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The statement suggests that as a Global business strategist, the manager considers the various viewpoints and interests of both geographic and functional managers. They then analyze and consolidate these perspectives to determine the optimal course of action for the company. This implies that the manager is actively engaging with different stakeholders and incorporating their input to make informed decisions. Therefore, the statement is true.Rate this question:
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- 18.
When a country manager wears the QUARTERBACK hat, they are (choose the on that does not fit):
- A.
Conferring with headquarters to advocate their view
- B.
Conferring with local experts to understand the market
- C.
Motivating team to achieve results
Correct Answer
B. Conferring with local experts to understand the marketExplanation
When a country manager wears the QUARTERBACK hat, they are typically responsible for coordinating and leading their team to achieve results, as well as conferring with headquarters to advocate their view and collaborating with local experts to understand the market. However, conferring with local experts to understand the market does not fit in this context because it is a key responsibility of the country manager to gather insights and knowledge about the local market from these experts.Rate this question:
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- 19.
Managers at the top of the organization must be able to support new ideas, embrace complexity, and not get stuck doing things one way.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Managers at the top of the organization need to possess certain qualities in order to effectively lead and drive innovation. They should be open to new ideas and willing to support them, as this promotes creativity and fosters growth within the organization. Additionally, embracing complexity is crucial for managers as they navigate through various challenges and changes in the business environment. Lastly, being flexible and adaptable is important for managers to avoid getting stuck in rigid ways of doing things and to encourage continuous improvement. Therefore, the statement is true.Rate this question:
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- 20.
This type of MNE's primary goal is to maximize their profits. Developing nations are ideal sources for them not only for the lower labor costs but due to their guidelines on age restrictions, safety requirements, and environmental standards.
- A.
Exploitive MNE
- B.
Responsive MNE
- C.
Transactional MNE
Correct Answer
A. Exploitive MNEExplanation
An exploitive MNE is a multinational enterprise that seeks to maximize its profits at the expense of the developing nations it operates in. These MNEs take advantage of the lower labor costs in these countries and exploit their guidelines on age restrictions, safety requirements, and environmental standards. They prioritize their own financial gains over the well-being of the local population and the environment.Rate this question:
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- 21.
As a global business manager, the role requires the individual to be not only a strategist to make sure that they are achieving the goals of the firm, but also and architect of the resources and assets it will require to achieve this strategy, as well as the coordinator between the home office and the local market.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The statement is true because a global business manager is responsible for developing and implementing strategies to achieve the goals of the firm. They also need to plan and allocate resources and assets effectively to support these strategies. Additionally, they act as a coordinator between the headquarters or home office and the local markets, ensuring smooth communication and collaboration between different parts of the organization.Rate this question:
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- 22.
This role has traditionally been used as a litmus test to see if a manager can handle more responsibility:
- A.
The Worldwide functional Manager
- B.
The Country Subsidiary
- C.
The Global account manager
Correct Answer
B. The Country SubsidiaryExplanation
The Country Subsidiary role has traditionally been used as a litmus test to see if a manager can handle more responsibility. This role involves managing a subsidiary of a company in a specific country, which requires a deep understanding of local markets, regulations, and cultural nuances. It also involves coordinating with the global headquarters and other subsidiaries, making strategic decisions, and driving business growth. Successfully handling this role demonstrates the manager's ability to handle complex responsibilities, make important decisions, and effectively manage a team, making them ready for more senior leadership positions.Rate this question:
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- 23.
The Geographic Subsidiary manager must help the home country understand the local culture and acting as the local expert of the market, competition, the government, the distribution channels - everything that might be an opportunity or threat in the host market.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The statement is true because the role of a Geographic Subsidiary manager is to bridge the gap between the home country and the host market. They are responsible for understanding and adapting to the local culture, as well as being knowledgeable about the market, competition, government regulations, and distribution channels. By acting as a local expert, they can help the home country identify opportunities and threats in the host market, allowing for better decision-making and successful market entry.Rate this question:
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- 24.
When a country manager wear the INTELLIGENCE hat (choose the one that does not fit):
- A.
Analyzing the environment
- B.
Gathering intelligence on competitors
- C.
Deciding which market the firm should enter
Correct Answer
C. Deciding which market the firm should enterExplanation
The country manager wearing the intelligence hat is responsible for analyzing the environment and gathering intelligence on competitors. These tasks involve understanding the market conditions, identifying potential opportunities and threats, and assessing the competitive landscape. However, deciding which market the firm should enter is not directly related to intelligence gathering. This decision is typically made based on market research, feasibility studies, and strategic considerations, rather than solely relying on intelligence gathering.Rate this question:
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- 25.
The firms that are will to sacrifice potential profits in order to address social issues at their core.
- A.
Exploitive MNE
- B.
Responsive MNE
- C.
Transformative MNE
Correct Answer
C. Transformative MNEExplanation
A transformative MNE refers to a firm that is willing to sacrifice potential profits in order to address social issues at their core. These firms go beyond simply meeting legal requirements or engaging in corporate social responsibility initiatives. They actively seek to bring about positive social change through their business practices and operations. This may involve investing in sustainable and ethical practices, supporting local communities, or advocating for social justice. Transformative MNEs prioritize social impact over short-term financial gains, demonstrating a commitment to creating a more equitable and sustainable world.Rate this question:
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- 26.
The biggest risk for most multinational firms is that they are not spending enough time developing that necessary talent.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The explanation for the answer being true is that multinational firms often face the challenge of finding and retaining skilled talent in different countries. This is because they operate in diverse markets and need employees who understand local cultures, languages, and business practices. If these firms do not invest enough time and resources in developing the necessary talent, they may struggle to compete effectively in these markets and face higher risks. Therefore, it is crucial for multinational firms to prioritize talent development to mitigate this risk.Rate this question:
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- 27.
As the global business manager, the responsibility falls on this individual to create and maintain global efficiency for the firm so they can remain competitive.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The given statement is true because as a global business manager, the individual is responsible for creating and maintaining global efficiency for the firm. This is important for the firm to remain competitive in the global market. The global business manager plays a crucial role in ensuring that the firm's operations are efficient and effective across different countries and regions. They are responsible for developing strategies, coordinating activities, and implementing policies that optimize the firm's performance on a global scale.Rate this question:
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- 28.
The job of the Worldwide functional manager is to gather information from all over the world and share that information with everyone in that company.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The job of the Worldwide functional manager is not solely to gather information from all over the world and share it with everyone in the company. While gathering and sharing information may be part of their responsibilities, their main role is to oversee and coordinate the functional operations of the company on a global scale. This includes ensuring that each functional area is operating efficiently and effectively, aligning strategies and goals across different regions, and facilitating collaboration and communication among teams worldwide.Rate this question:
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- 29.
The decisions of these firms are based on moral principles rather than legal codes and the are equally concerned with Stakeholder and Shareholder concerns.
- A.
Exploitive MNE
- B.
Responsive MNE
- C.
Transactional MNE
Correct Answer
B. Responsive MNEExplanation
A responsive multinational enterprise (MNE) is the correct answer because it refers to a company that makes decisions based on moral principles rather than just legal codes. This type of MNE is also equally concerned with both stakeholder and shareholder concerns, meaning they prioritize the interests of all parties involved. This suggests that the company is responsive to the needs and expectations of various stakeholders, including employees, customers, suppliers, and the community, while also considering the financial interests of shareholders.Rate this question:
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- 30.
Three primary roles that are imperative for a transnational firm (Choose one that does not fit):
- A.
Global Business Manager
- B.
Global Account Manager
- C.
Worldwide Functional Manager
Correct Answer
B. Global Account ManagerExplanation
The correct answer is "Global Account Manager" because this role does not align with the other two roles mentioned. A transnational firm requires a Global Business Manager to oversee the overall operations and strategies in different countries, and a Worldwide Functional Manager to manage specific functional areas globally. However, a Global Account Manager typically focuses on managing relationships and sales with specific key accounts, rather than overseeing the entire business or functional areas.Rate this question:
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- 31.
The cross-border coordinator, that manager is responsible for (Choose one that does not fit):
- A.
Cross-border coordination of strategy
- B.
Cross-border coordination of marketing
Correct Answer
B. Cross-border coordination of marketingExplanation
The correct answer is "Cross-border coordination of marketing" because the question asks for the option that does not fit with the responsibilities of the cross-border coordinator. While the cross-border coordinator is responsible for coordinating the strategy across borders, they are not responsible for coordinating marketing efforts. This implies that someone else in the organization is responsible for cross-border coordination of marketing.Rate this question:
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- 32.
The roles of the Worldwide function manager is on where the manager is taking on the primary activities of the firm, such as manufacturing, marketing, sales, R&D, and also supporting activities, such as CFO, CIO, or I.T.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The explanation for the given correct answer is that the Worldwide function manager is responsible for overseeing and managing various primary activities of the firm, including manufacturing, marketing, sales, and research and development. Additionally, they also handle supporting activities such as being the Chief Financial Officer (CFO), Chief Information Officer (CIO), or overseeing the Information Technology (IT) department. This indicates that the statement is true.Rate this question:
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- 33.
The managers at the top of the organization must be able to provide the same type of leadership as the Country Subsidiary manager.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The statement is false because the managers at the top of the organization do not necessarily need to provide the same type of leadership as the Country Subsidiary manager. Different levels of management have different responsibilities and require different leadership styles. The managers at the top of the organization typically focus on setting overall strategic direction, while the Country Subsidiary manager focuses on implementing that strategy at a local level. Therefore, their leadership requirements may differ.Rate this question:
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- 34.
Examples of companies that helped give globalization a bad name (Choose one that does not fit):
- A.
Enron
- B.
Heineken
- C.
Nike
Correct Answer
B. HeinekenExplanation
Heineken does not fit as an example of a company that helped give globalization a bad name. Unlike Enron and Nike, Heineken is a beer company that is known for its global presence and successful international expansion. It has not been involved in major scandals or controversies related to labor practices or unethical business practices, which are often associated with globalization. Therefore, Heineken is not typically considered as a company that has negatively impacted the reputation of globalization.Rate this question:
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Current Version
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Aug 27, 2024Quiz Edited by
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Sep 13, 2010Quiz Created by
Mademoiselle213
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