FIU MAR4156 midterm exam FIU MAR4156 midterm exam Question FIU MAR4156 Midterm exam uestion 1 Save your time! Proper editing and formatting Free revision, title page, and bibliography Flexible prices and money-back guarantee ORDER NOW Ajax Corporation has decided to enter the international marketing arena by marketing its products on a country-by-country basis, with separate marketing strategies for each country. The company is using which of the following concepts to formulate its international policies and strategies? Domestic market extension concept Make sure you submit a unique essay Our writers will provide you with an essay sample written from scratch: any topic, any deadline, any instructions. 100% ORIGINAL ORDER NOW Multidomestic market concept Mass marketing concept Universal marketing concept Standardized marketing concept Question 2 Which of the following is an uncontrollable element for an international marketer? Firm characteristics Promotion Price Research Level of technology Question 3 _____ impedes the ability of a person to assess a foreign market in its true light. Nativism Pluralism Xenocentrism Ethnocentrism Relativism Question 4 Which of the following organizations seems better equipped for internationalization? A firm that sells its products only to those foreign customers who directly contact the firm. A firm that has a production capacity that is much greater than home market demand. A firm that focuses its production activities on meeting the demands in the home market. A firm that has a culturally diverse employee profile but few competitive offerings at the global level. A firm that has little intention of maintaining a continuous market representation. Question 5 Which of the following is closely related to the self-reference criterion? Differentiation Marketing myopia Ethnocentrism Multiculturalism Pluralism Q6 Which of the following is a criticism associated with the global financial institutions? Question 7 Which of the following is true regarding the balance-of-payments records? The balance-of-payments accounts do not consider income brought in by non-resident citizens of a country. The fact that assets and liabilities balance does not essentially mean that a nation is in a particularly good financial condition. A balance of payments is not a record of condition. A balance of payments is a determinant of condition. A balance of payments records all the financial transactions of a country since 1980. Question 8 The United States and other countries require some products (automobiles in particular) to contain a percentage of "local content" to gain admission to their markets. This is an example of the stringent usage of _____ to restrict trade. exchange permits embargoes blocked currencies standards antidumping penalties 2.5 points Question 9 Blockage is ideally accomplished: when a country refuses to allow an importer to exchange its national currency for the seller's currency. when two countries enter into a voluntary agreement to restrict volume of exports. when a country applies specific unit or dollar limit to a particular type of good. when countries limit the export of certain goods on a case-by-case basis. when the government imposes a mandatory tax on goods entering at its borders. Question 10 Post World War II, it was noticed that there was worldwide economic growth and countries once classified as less developed were reclassified as _____. capitalist countries free trade economies tier-II countries developed countries newly industrialized countries Question 11 Academic studies of the causes and consequences of bribery, conducted by Transparency International (TI), indicate corruption is greater in: high income nations. democratic rather than communist countries. countries with high individualism. countries with low Power Distance Index. collectivistic nations. Question 12 In the context of business ethics, many people in sub-Saharan Africa view Western _____ as a kind of exploitation that prevents treatment of AIDS for millions. missionaries and religious movements individualism R-rated American movies intellectual property laws currency speculators Question 13 The recognition of U.S. corporations as entities that have rules and continuity of existence and are separate, vital social institutions can result in: feelings of obligation among employees to serve the company. scientific decision making by employees and managers. superstitious beliefs playing a role in decision making. decision making being limited to upper management. a collectivist identity among employees. Question 14 _____ is more dominant in high-context cultures, where the completion of a human transaction is emphasized more than holding to schedules. Polychronic time Bimodal time Dual time Monochronic time Sequence time Question 15 In the context of management objectives and aspirations, which of the following is true of an employee's personal life? Max Weber discovered that some cultures emphasized profit over personal life. The Japanese work ethic derives from the belief of feng shui. Ancient Greek thought considered work to be a desirable factor in one's life. To the Japanese, personal life is company life. McClelland opined that the standard of living enjoyed in the United States originated from the hard-working Protestant ethic. uestion 16 The _____ in India is a social institution that influences the roles and status positions found within Indian society. country club church Taj Mahal hijab caste system Question 17 James Day Hodgson, former U.S. ambassador to Japan, describes culture as a(n) _____, which according to him is tough to get through, but with effort and patience could often lead to success. culturally neutral market maze intelligence test thicket perseverance test Question 18 The first step in bringing about planned change in a society is to: determine which cultural factors conflict with an innovation. create a resistance to the cultural factor hindering acceptance. wait for eventual cultural changes that prove their innovations of value to the culture. market the products similar to ones already on the market. leave acceptance to a strategy of unplanned change. Question 19 Based on the Individualism/Collectivism Index, in which of the following cultures will the "virtual social" activity of online chatting be most acceptable? One in which individualism reigns supreme. One in which collectivism is adopted. One that has a high tolerance for ambiguity. One which has a willingness to take risks. One with no separation between the church and the state. Question 20 The process of adjusting to a new culture is known as: diffusion. culture transfer. acculturation. assimilation. transference. Question 21 Civil or code law was derived from the _____. English law Economic law Greek law Persian law Roman law uestion 22 Islamic law is also known as the _____. Ulema Umrah Zakkath Shari'ah Barakah Question 23 A textile manufacturing company is trying to solve a dispute with one of its raw material suppliers over a breach of contract. After the initial attempts to solve the dispute in a friendly informal manner failed, the companies have approached an international commission to appoint an informed party to act as a referee and make a judgment that both parties will honor. Which of the following dispute resolution methods is being used by the companies in the above scenario? Litigation Arbitration Mediation Coercion Judicial intervention Question 24 The _____ is a multicountry agreement that has established a regional patent system that allows any nationality to file a single international application for a European patent. Madrid Arrangement Paris Convention TRIPs Agreement Basel Convention European Patent Convention Question 25 According to Canadian law, what is the standard expected by courts in Canada to determine whether a representation is false or misleading? De Novo standard Credulous person standard Clearly Erroneous standard Informed consumer standard Discretionary standard Question 26 Adherence to the WTO means: more avenues for outsourcing. loss of national security to a large extent. procurement of economies of scale. loss of some degree of national sovereignty. limited scope for foreign direct investments. Question 27 Monarchy, like _____, is a form of government ruled by one. aristocracy dictatorship democracy monopoly oligarchy Question 28 Which of the following strategies can be effective in forestalling or minimizing the effect of a total takeover of a multinational corporation's holdings by a foreign government? Confiscation Sole-proprietorship Expanding the investment base Advertising Leasing uestion 29 In _____, police and military are not allowed to vote. Croatia Iran Bolivia Saudi Arabia Peru uestion 30 Brian is attempting to forecast political instability and help management identify and evaluate political events and their potential influence on current and future international business decisions. Brian is engaged in: political risk assessment. political securitization. democratization. risk conditioning. quantification of risk. Question 31 Analysis of which of the following factors is carried out in Phase 2 of the international planning process? Company character Budgets Situation analysis Advertising Standards Question 32 Which of the following is most likely to occur next in the international planning process, once a "go" decision in Phase 3 has been taken? The objectives and goals phase. The budget phase. The action program(s) phase. The implementation and control phase. The communication phase. Question 33 Which of the following modes of foreign market entry requires the most amount of equity and therefore, creates the greatest risk? Exporting Joint venture Contractual agreement Strategic alliance Direct foreign investment Question 34 MedUmbrella provides a broad and diverse range of services for the healthcare industry. It also manufactures a wide variety of hospital equipments. It wants to experience rapid growth and wishes to organize better for global competition. Which of the following organizational structures will suit MedUmbrella best? A global product division structure. A geographical division structure. A matrix structure. A pyramid structure. A hierarchical structure. Question 35 _____ serve as a means of transfer of knowledge rather than equity. Consortia Contractual agreements Strategic understandings Exporting arrangements Joint ventures Question 36 Once the researcher has defined the research problem and established research objectives, the researcher must next: effectively communicate the problem and objectives to decision makers. analyze, interpret, and summarize the results. determine the sources of information to fulfill the research objectives. assess the suitability of available statistical methods for analyzing the data. evaluate the cost and benefits of the research effort. Question 37 In the international arena, the greatest problem in sampling stems from: the lack of adequate demographic data from which meaningful samples can be drawn. the lack of expertise in designing sampling layouts for a non-domestic market. the higher probability of foreign government intervention in the sampling process. the inability of international market researchers to speak foreign languages. the difficulty in determining sample size suitable for the relevant foreign market. Question 38 Which of the following is the first step of a market research process? Determine the sources of information to fulfill the research objectives. Analyze, interpret, and summarize the results. Define the research problem and establish research objectives. Consider the costs and benefits of the research effort. Gather the relevant data from secondary or primary sources, or both. uestion 39 Which of the following types of data are commercial sources, trade associations, management groups, and state and local governments a good source of? Referential data Secondary data Tertiary data Parallel data Derived data Question 40 To deal with problems in analyzing and interpreting research information in the international marketplace, the marketing researcher must possess three talents. Which of the following is one of those talents? The ability to work within assigned budget. Creative talent for adapting research methods. Proven talent to use and apply advanced statistics. Superior logical ability. The ability to extrapolate home-country data.