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NDSU BUSN 340 Final Exam with Correct Answers 2024 New Update

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NDSU BUSN 340 Final Exam with Correct Answers 2024 New Update Which of the following statements best explains why international human resources management is much more difficult and complicated than managing human resources at the domestic level? - Answer-a. the challenge of adjusting for politic...

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  • August 27, 2024
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  • 2024/2025
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NDSU BUSN 340 Final Exam with Correct
Answers 2024 New Update
Which of the following statements best explains why international human resources
management is much more difficult and complicated than managing human resources
at the domestic level? - Answer-a. the challenge of adjusting for political, cultural, legal,
and economic differences between countries.

According to the results of the 2019 expatriate survey, which of the following most
accurately describes he current state of HRM efforts of staff international operations? -
Answer-c. the length of international assignment is rising for expatriates

Company A, an American MNE, has facilities in Brazil. Company A fills management
position at the facility in Brazil based on candidates' skills, qualifications, and related
work experiences. Company A most likely follows a(n) ________ approach o staffing. -
Answer-b. geocentric***

Which of the following describes an advantage of the polycentric staffing approach? -
Answer-d. removing most barriers to fully adapting to the local market

Which of the following characteristics is LEAST important for HRM when evaluating an
expatriate candidate? - Answer-a. Technology Skills

Which of the following can best explain why Brazil and Hungary have the lowest level of
informal investment for entrepreneurial financing? - Answer-d. people in these countries
have low disposable incomes

Global Entrepreneur Monitor has reported that in Europe, a small percentage of
individuals are involved in early stage entrepreneurship. Which of the following is NOT a
reason why so few Europeans are interested in entrepreneurship? - Answer-d. Europes
unemployment rate is very low

Assured, a clothing manufacturer, has made plans to expand its operations by
establishing a manufacturing facility in a foreign market. Assured has been successful in
selling affordable and stylish work clothes in Spain, and managers at Assured believe
that the work clothes will be popular in other countries. The managers are trying to
determine whether Canada or Mexico would be the best location for the new
manufacturing facility.
Which of the following question is most important for managers to evaluate when
deciding the location of the new manufacturing facility? - Answer-d. how much does
Assured need to modify its strategy to serve the markets in these countries?***

Assured, a clothing manufacturer, has made plans to expand its operations by
establishing a manufacturing facility in a foreign market. Assured has been successful in

, selling affordable and stylish work clothes in Spain, and managers at Assured believe
that the work clothes will be popular in other countries. The managers are trying to
determine whether Canada or Mexico would be the best location for the new
manufacturing facility.
Which of the following is most likely to support the decision to build the new
manufacturing facility in Mexico? - Answer-a. the labor costs are relatively inexpensive
in Mexico


1. In which of the following types of economic integration systems will the establishment
of a common currency be possible? - Answer-b. Economic union

Which of the following statement best describes a customs union - Answer-b. It imposes
common external policies on non-members.

3. Which of the following is NOT true about free trade agreements? - Answer-c. free
trade agreement eliminates tariffs on goods that have high tariffs but not goods that
already have low tariffs

4. Toyota and the European Union (EU) used to negotiate a quota each year for the
number of Japanese cars imported into Europe. When the quota system was lifted in
1999, Toyota responded by establishing a European Design and Development center in
southern France and production centers in East Europe. Which of the following best
describes Toyota's investment in the European Union - Answer-c. The EU lowered trade
barriers on foreign auto imports

5. When the trade barriers are removed, the size of the market increases. Domestic
firms can produce at a higher quantity, which lower production costs per unit. This is an
example of ________. - Answer-b. economies of scale

6. Cotton growers in Country B export nearly 700,000 bales of cotton per year. The
government of Country B limits the import of cotton to 1 million bales per year. This is
an example of _________. - Answer-b. quota

7. Entrepreneurial firms can internationalize without venturing abroad by each of the
following EXCEPT ________. - Answer-c. harvesting and existing through sell-off

8. Which of the following is NOT true about the Ease of Doing Business, an index
developed by the World Bank that ranks 189 countries? - Answer-c. all the Easiest
countries have high standards of living and advanced economies

Which of the following is true of SMEs? - Answer-b. They account for over 95 per cent
of total firms around the world.

10. With regard to investment in start-ups, investment by _____ is considered as
informal investment - Answer-d. friends

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