QUESTION 1In the VRIO framework only tangible resources are easier to imitate compare to intangible resources.

QUESTION 1In the VRIO framework only tangible resources are easier to imitate compare to intangible resources.TrueFalseQUESTION 2 An MNC will prefer a licensing agreement if it fears that its intellectual property might be misused by the partner. TrueFalseQUESTION 3 A franchise is an agreement that allows one party to use a patent or a technology in exchange for payment to the other party. TrueFalse2 points QUESTION 4Expanding internationally to a market to follow the expansion of a major customer, is an example of a proactive reason for going international. True False2 points QUESTION 5Which of the following elements is not used in assessing resources in The VRIO frameworkA.Organizationally embedded.B.Rare.C.Valuable.D.Sustainable2 points QUESTION 6Greenfield mode of entry is an example of outsourcing effort by an MNC. True False2 points QUESTION 7In a market with many sellers but only a few customers, the sellers tend to have the more bargaining power. True False2 points QUESTION 8According to the five forces model a foreign market that has high level in each of the five forces is a good profitable market to enter. True False2 points QUESTION 9A large firm in a small domestic markets will be a slow internationalizer. True False2 points QUESTION 10Consumer products(e.g. food or fashion) MNCs, are more likely to choose a standardization (global) strategy in their expansion. True False2 points QUESTION 11 Of the following modes of entry which involves the highest financial risk:A.Joint ventureB.Franchising.C.Licensing.D.Direct exporting.2 points QUESTION 12According to the resource based view, which of the following is a tangible resources or capability of the firm:A.Cash in the bankB.Brand nameC.Organizational StructureD.Corporate Culture2 points QUESTION 13An MNC that deals with high tech products for business use, can compete better by adopting a __________ StrategyA.Multi-domesticB.DiffrentiationC.AdaptationD.Global (standartization)2 points QUESTION 14A company that generates 60% of its profit from exporting activities to over 25 countries can’t be classified as an MNC. True False2 points QUESTION 15 The five forces framework was developed to analyze domestic industry structure, and thus shouldn’t be applied globally to analyze the competitive structure of foreign markets. True False2 points QUESTION 16A(n) ________ fit best a company that is following a global niche strategyA.International division structureB.Matrix structureC.Transnational network structureD.Product division structure2 points QUESTION 17Of the following modes of entry which provides the most control over technology and brand?A.Licensing.B.Acquisition of a local firmC.Franchising.D.Joint venture2 points QUESTION 18A firm’s____ are its tangible and intangible assets a firm uses to choose and implement its strategies.A.Core competenciesB.ResourcesC.Dynamic capabilitiesD.Net worth2 points QUESTION 19Once an MNC chose a mode of entry to a market it should stick with this mode of entry for their ongoing global expansion. True False2 points QUESTION 20If Company A and Company B both have valuable assets that are identical, than for A to gain a competitive advantage over B, A must:A.Perform SWOT analysis to discover its other strengthsB.Deploy its assets differently (e.g. different countries)C.Find a reason to sue B for imitating.D.Perform a 5 force analysis to reveal a sustainable competitive advantage2 points QUESTION 21A main feature of a strategic alliance mode of entry is the creation of a new company by the strategic alliance partners. True False2 points QUESTION 22Which of the following is not true about a global strategy (standardization)A.It is requires more centralize decision makingB.It is the best approach to differentiate your products around the globeC.It is based on the cost leadership approach of the five forces modelD.It focuses inachieving economy of scale2 points QUESTION 23According to the VRIO framework a temporary competitive advantage is a result of a resource being:A.Valuable and rare, costly to imitate and not organizational embeddedB.Valuable, not imitable, not rare, but organization embeddedC.Valuable, rare, not imitable, organization embeddedD.Valuable, rare, easy to imitate and organization embedded2 points QUESTION 24Controlling the foreign operations through a global area division structure fits best MNCs which adopt a a the standartization approach (global strategy). True False2 points QUESTION 25One of the important features of the industry based view framework is the use of VRIO analysis to understand the firm competitive advantage. True False2 points QUESTION 26A born global company is a company that most of its top managers were born outside the country where the headquarter is located. True False2 points QUESTION 27 Given the right to use a firm’s proprietary technology directly to a partner in a foreign market, in return for some type of payment is:A Strategic AllianceDirect exporting.LicensingFranchising.2 points QUESTION 28An international division structure is the best organizational structure for an MNC that is implementing a global standardization strategy. True False2 points QUESTION 29In Globalization 4.0 it is expected that individuals and entrepreneurs will lead the globalization process. True False2 points QUESTION 30All of the following are not true about a joint venture except:A.The partners in the joint venture must invest equally in the ventureB.Creation of a new legally independent entity is requiredC.Can’t have more than two partnersD.Joint venture must be only equity-based partnership2 points QUESTION 31An organizational structure under which global operations are organized by regions of the world is referred to as a(n):A.Global geographic division structureB.Global area division structureC.Regional division structureD.Country based division structure2 points QUESTION 32A resource that valuable and rare, but it easy to imitate can give a company a temporary competitive advantage. True False2 points QUESTION 33One disadvantage of licensing/franchising is that the licensor/franchisor has no strong control over how their technology or process are used. True False2 points QUESTION 34A greenfield investment is:A.An international joint ventures in agriculture sectorB.Investment in an irrigation projects in areas stricken by famine.C.An overseas investment in an environmentally friendly green factory.D.A wholly owned subsidiaries that are built from scratch in a foreign country.2 points QUESTION 35The multi domestic strategy (adaptation) correspond to the low cost leadership strategy in the five forces model. True False2 points QUESTION 36The five forces framework includes all of these forces except:Buyer bargaining powerIndustry exit barriersSuppliers bargaining powerIndustry entry barriers2 points QUESTION 37Which of the following is not an example equity based mode of entryA.ExportingB.Greenfield investmentC.MergerD.Joint venture2 points QUESTION 38Adapting a low-cost leadership strategy by an MNC, will likely to “push” the company to focus its expansion abroad is to countries with cheap labor. True False2 points QUESTION 39In the initial stage (“countries identification stage”), of the country selection process), we do an in depth screening using micro specific data for each country and ranking all potential countries. True False2 points QUESTION 40To be classified as an MNC a company must have all offollowing elements, except:A.Major part of the profits comes from international operationB.Having assets (investments) in other countries.C.Top Managers in the company are from mix nationalitiesD.Having a strong commitment to corporate social responsibility.2 points QUESTION 41All of the following are challanges that might slow the globalization process, except:A.backlash against capitalismB.The growing size and power of MNCsC.Rise of grass root consumer activismD.The growing availability of Internet accesses around the globe2 points QUESTION 42Using macro level data to filter out countries and to arrive to a small number of potential countries for expansion is a part of which framework?A.Resource-based view.B.Five forces model viewC.Industry-based view.D.none of the above2 points QUESTION 43Delivering internationally to customers who placed orders using the company’s website, is an example of indirect exporting True False2 points QUESTION 44Advantages of joint ventures include all of the following except:A.Reducing political risk factorsB.Full control on the operationC.A better deployment scarce of financial resourcesD.Access to domestic knowledge2 points QUESTION 45All of the following are possible benefits of globalization except:A.It makes more jobs available in less developed countriesB.It makes more products affordable to many more peopleC.It creates wealth for firms and countries.D.It reduces nationalistic feeling across the globe2 points QUESTION 46Of the following mode of entry which one provide an MNC with the highest level of control in the foreign marketA.Greenfield investmentB.Strategic allianceC.ExportingD.Franchaising2 points QUESTION 47Which organizational structural fits best a company that combines elements of standardization strategy and local responsiveness?A. A global product divisionB.A matrix division structureC.Transnational network structureD.A global area division2 points QUESTION 48The five forces model suggests three possible strategies: cost leadership strategy, differentiation strategy and adaptation strategy. True False2 points QUESTION 49The most common mode of entry among manufacturing firms, that just starting an international expansion is:A.FranchisingB.Joint ventureC.ExportingD.Greenfield investment2 points QUESTION 50Which of the following is not a determinant of supplier bargaining power (five forces model):A.The cost of switching suppliersB.Threat of forward integrationC.Buyers propensity to use substitutesD.Presence of substitute inputs