D311 GLOBAL MANAGEMENT QUESTIONS AND ANSWERS VERIFIED 100% CORRECT
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Module
D311 GLOBAL MANAGEMENT
Institution
D311 GLOBAL MANAGEMENT
D311 GLOBAL MANAGEMENT QUESTIONS AND ANSWERS VERIFIED 100% CORRECT
Which of the following is not an important feature for competitive superiority under the diamond of competitive advantage theory?
a. Strategy, structure and rivalry
b. Related and supporting industries
c. Demand conditions
d...
D311 GLOBAL MANAGEMENT
QUESTIONS AND ANSWERS VERIFIED
100% CORRECT
Which of the following is not an important feature for competitive superiority under the
diamond of competitive advantage theory?
a. Strategy, structure and rivalry
b. Related and supporting industries
c. Demand conditions
d. Sales conditions
e. Factor conditions -Answer- d. Sales conditions
Which of the following is one of the major effects of outward migration on countries?
a. Lower costs of social services
b. Brain drain
c. Lower startup costs
d. Substitution -Answer- b. Brain drain
Factor movement is never a more efficient use of resources than free trade.
T/F -Answer- F
Taiwan's second period of import substitution could be seen as an attempt to
a. develop natural advantages
b. develop acquired advantages -Answer- b. develop acquired advantages
Taiwan has never been open to increasing competition. T/F -Answer- F
The theory of absolute advantage assumes fully employed resources whereas the
theory of comparative advantage does not make this assumption. T/F -Answer- F
What is a strategic trade policy?
a. MNE use of the IR grid to establish international strategy
b. When a government selects target industries to develop to be internationally
competitive
c. A government commitment to free trade
d. A government's use of tariffs to regulate the volume of traded goods -Answer- b.
When a government selects target industries to develop to be internationally competitive
The notion that a government should protect emerging industries from foreign
competition is known as the _______ argument.
, a. industrialization
b. diversification
c. essential-industry
d. infant-industry -Answer- d. infant-industry
Which of the following presumes that import restrictions will facilitate the development of
a domestic industry?
a. The balance of trade adjustment argument
b. The industrialization argument
c. The diversification argument
d. The infant-industry argument -Answer- b. The industrialization argument
Providing aid and credits to, and encouraging imports from, countries based on a
political alliance illustrate how governments use trade to ____________.
a. extend their spheres of influence
b. maintain essential industries
c. enforce non-tariff barriers
d. prevent dumping -Answer- a. extend their spheres of influence
Which of the following is one of the major noneconomic rationales for government
intervention in trade?
a. Fighting unemployment
b. Preserving national culture
c. Increasing trade controls
d. Making balance of trade adjustments -Answer- b. Preserving national culture
____________ represent(s) a form of direct assistance to local companies to boost their
competitiveness.
a. Quotas
b. Subsidies
c. Tied aid
d. Loans -Answer- b. Subsidies
A company's objection to protection of its own industry usually stems from its own
competitive advantage in all of the following areas EXCEPT _________.
a. differentiated products
b. supplier relationships
c. foreign direct investments
d. economies of scale -Answer- c. foreign direct investments
According to the case on U.S. imports of prescription drugs from Canada,
pharmaceutical companies in the U.S. insist that they would have to greatly reduce their
research budgets if ____________.
a. The FDA required them to add another round of efficacy tests
b. drug prices were the same in all countries
c. they lost the ability to charge high prices in the U.S. when they introduce new drugs
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