BUS 200 Midterm Study Guide (Modules 1-6) QUESTIONS WITH ANSWERS 100% CORRECT
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Which of the following statements best describes a firm's 'business model'? correct answers Its goals and means of achieving them
Which of the following is a for-profit organization? correct answers Google
A 'supply chain' is defined as which of the following? correct answers A succession of ...
which of the following statements best describes a
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BUS 200 Midterm Study Guide (Modules 1-6)
QUESTIONS WITH ANSWERS 100% CORRECT
Which of the following statements best describes a firm's 'business model'? correct answers
Its goals and means of achieving them
Which of the following is a for-profit organization? correct answers Google
A 'supply chain' is defined as which of the following? correct answers A succession of stages
involved in producing and delivering a product
Which one of the following is a privatized company? correct answers A former government
agency that has been floated off as a company into the private sector
Which of the following contributes to sustainable development? correct answers
Technologies for reducing pollution
All but which one of the following are benefits a company can gain from having its products
made through outsourced manufacturing? correct answers More jobs in the home country of
the company
Which of the following business functions occurs in every business, however small? correct
answers Accounting
The CEO of a company is legally accountable to which of the following? correct answers The
board of directors
A shareholder is entitled to all but which one of the following? correct answers To be able to
hire and fire company employees
Entrepreneurs value all but which one of the following? correct answers A complex
regulatory framework
Which one of the following is intellectual property (IP)? correct answers Patents
The failure of which of the following institutions precipitated the global financial crisis in
2008? correct answers Lehman Brothers
The multinational enterprise (MNE) is characterized by all but which one of the following
attributes? correct answers It is invariably a public company.
The franchise arrangement offers the entrepreneur which one of the following benefits?
correct answers The attraction of a well known brand
The company that shifts production from its home country to a country where costs are much
lower will face criticism from all but which one of the following? correct answers The
company's shareholders
, Which one of the following sets of goals best describes the sustainable business? correct
answers Promoting environmental protection, societal wellbeing and human rights
All but which one of the following is an ownership advantage of a company? correct answers
Supply-chain networks
Acquisition as an entry mode is advantageous over FDI for all but which one of the following
reasons? correct answers Acquisition as an entry mode is advantageous over FDI for all but
which one of the following reasons?
What are the three sets of advantages in the theory of the OLI paradigm? correct answers
Ownership, location and internalization
Why has production under licence become prevalent in the manufacturing of consumer
products such as smartphones? correct answers Large-scale manufacturers in low-cost
countries are able to deliver large orders according to the MNE's terms.
Which one of the following is a 'pull' factor encouraging a company to internationalize?
correct answers Large potential markets in emerging economies
All but which one of the following is a potential advantage of greenfield FDI? correct
answers Little prospect of immediate profits
Which of the following is a 'push' factor encouraging a company to internationalize? correct
answers Shortage of skilled workers in the home country
Advocates of 'hyperglobalization' point to all but which one of the following phenomena?
correct answers The persistence of national cultures
Which one of the following describes a 'transition' economy, according to the UN? correct
answers Making the transition from planned economy to market economy
The UN's Human Development Index (HDI) takes in three criteria, which are... correct
answers Economic indicators, health and education
Which one of the following best describes the economies of least developed countries?
correct answers Mainly reliant on agriculture with little industrialization
China's development model has been based on... correct answers Export-oriented
manufacturing
Globalization rests on all the following assumptions except one. Which is it? correct answers
Benefits of strong government
Globalization has been disruptive because... correct answers Globalization is uneven, creating
winners and losers.
The backlash against globalization includes all but which one of the following? correct
answers Belief in the benefits of global markets
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