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Study Resources (Business Management)

  1) A major reason for the Parmalat accounting scandal is that the firm ________. A) sold milk in countries without a license B) used U.S. GAAP standards instead of IFRS C) used off-balance-sheet financing to hide debts D) transferred most of its assets to banks in Switzerland 2) In addition to hiding losses, Parmalat engaged.
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  61) International marketing is unlike domestic marketing because the basic principles are completely different. 62) The marketing approach a company takes internationally should be compatible with its overall aims and strategies. 63) In a production orientation, a company focuses on efficiency and product quality when selling abroad. 64) Passive exports involve the filling.
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  71) The global integration of capital markets is a major force leading to the convergence of accounting standards. 72) The International Accounting Standards Board is composed of international securities regulators and is attempting to harmonize accounting standards through issuing International Financial Reporting Standards. 73) According to U.S. GAAP, companies recognize transaction gains.
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  41) Under the current-rate method of translation, any gain or loss is known as a(n) ________. A) liability B) foreign exchange C) annual net income D) accumulated translation adjustment 42) Matt manages the sales unit at Global Electronics but has no control over input costs. The primary purpose of the sales division is to sell.
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  81) MNEs typically design their control systems in terms of either market control, bureaucratic control, or adaptation control. 82) Adopting a market control system requires that the MNE uses external market mechanisms to establish internal performance benchmarks and standards. 83) MNEs use different report formats and schedules for foreign operations according to.
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  11) A ________ takes into account the complete costs of ownership, such as storing and transporting inventory, and of disposal. A) total cost analysis B) cost-benefit analysis C) make-or-buy decision D) flexibility strategy 12) ________ manufacturing is any manufacturing that takes place in a country different from the home country. A) Offshore B) Multidomestic C) Cost-minimization D) Outsourcing 13) Bocce.
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  41) In advertisements aimed at different countries, companies sometimes use actors who do not speak, along with a voice and/or print overlay. What is the main reason for doing this? A) avoiding dubbing that does not correspond to lip movements B) altering themes and messages among countries C) meeting legal requirements for having.
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  21) From the perspective of the classification of accounting systems, German and Japanese companies tend to be ________. A) micro-based countries B) strong equity market countries C) weak equity market countries D) pragmatic business countries 22) Financial statements typically include ________. A) accompanying footnotes, a balance sheet, and a cash-flow statement B) translations into the languages of.
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  51) Which of the following is it most important for a company to do to gain contracts with foreign distributors? A) convince the distributors that the product and company are viable B) "build a better mousetrap" so distributors will compete to get the account C) determine the distribution gap before signing a contract D).
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  71) A comprehensive supply chain strategy should include good inventory management. 72) EDI is software that can link information flows from different parts of a business and from different geographic areas. 73) Electronic data interchange (EDI) is an online collaboration model that brings manufacturers, distributors, value-added retailers, and customers together to execute.
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  11) Martin Homes adapts its marketing to foreign differences by making minor changes to bathrooms and outdoor patios. However, Martin Homes uses the same floor plans and exterior attributes in all countries to gain economies of standardization. Martin Homes most likely follows a ________. A) social marketing orientation B) sales orientation C) strategic.
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  21) What is the primary reason that firms alter their products for foreign markets? A) design improvements B) religious differences C) weak infrastructures D) legal requirements 22) Critics complain that pharmaceutical research budgets emphasize non-debilitating conditions common in developed countries rather than life-threatening diseases common in developing countries. People answering this criticism have contended that.
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  81) Keiretsu is one of the two major configurations of sourcing. 82) Vertical integration occurs when the company owns the entire supplier network or at least a significant part of it. 83) The make-or-buy decision applies only to domestic firms. 84) A company may use outsourcing as an implied threat to underperforming employees. 85).
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  93) How do cultural values such as optimism, conservatism, transparency, and secrecy affect country differences in accounting systems? 94) Explain the difference between macro-uniform-based and micro-based accounting systems. What are some examples of countries that fit in each system?     .
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  71) Although the broadening of product lines handled increases distribution efficiencies, too broad a line can create problems in selling. 72) Market diversity, government intervention, and currency fluctuations complicate international pricing decisions. 73) Antidumping regulations of the WTO allow countries to establish restrictions against any exports that fail to meet quality standards. 74).
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  21) ________ is the linking or integrating of activities into a unified system. A) Control B) Coordination C) Configuration D) Compatibility 22) ________ is the measuring of performance so that companies can respond appropriately to changing conditions. A) Coordination B) Configuration C) Control D) Compatibility 23) Which of the following is NOT a major reason that companies adopt IT systems? A).
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  31) How do U.S. companies recognize transaction gains and losses in the financial statements? A) They are recognized as gains and losses in the income statement. B) They are recognized as gains and losses in owners' equity. C) Gains are recognized in the income statement, but losses are not. D) Losses are recognized in.
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  81) A problem of advertising through media that reach multiple countries is that the product may not be available everywhere it is advertised. 82) A positive brand image cannot overcome negative perceptions of the country where the product is made. 83) If a brand name becomes generic in one country, it becomes.
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  31) All of the following are included in Deming's 14 Points on quality, EXCEPT ________. A) constantly improve the system B) encourage motivational slogans C) break down barriers between departments D) institute education and self-improvement 32) Before the strong emphasis on zero defects, U.S. companies operated under the premise of ________, which allowed a level.
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  1) In order to assure the quality of its products, Samsonite ________. A) performs only internal quality tests B) relies only on independent quality-assurance tests C) conforms its products to industry-set standards D) uses both internal quality tests and independent quality-assurance tests 2) In order to save costs and consolidate its manufacturing capacity, Samsonite has.
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  51) Jeff manages global purchasing for his employer and needs to select a new supplier. Jeff should most likely ________. A) implement e-commerce B) focus mainly on purchase price C) establish clear performance expectations D) maintain the same type of relationship with every supplier 52) At Fidelity Enterprises, raw materials, parts, and components are acquired.
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  41) ACE Computers established an assembly operation in Malaysia so that it would be close to its key suppliers. ACE is most likely engaging in ________. A) industrial clustering B) horizontal sourcing C) zero sourcing D) offshoring 42) Which of the following would most likely be reduced by vertical integration? A) export tariffs B) component prices C) product.
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  11) How would you classify the accounting values of companies from the United States and the United Kingdom in terms of their measurement and disclosure of financial information? A) secret and transparent B) transparent and optimistic C) secret and conservative D) conservative and optimistic 12) The accounting value that illustrates how companies are more liberal.
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  31) Which of the following would LEAST likely be caused by a high inflation rate? A) rules against increasing export prices B) inability to quote prices in letters or catalogs C) difficulty making changes to vending machines D) necessity to set an equivalent value in a stable currency 32) What is the gray market? A) sales.
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  61) In a global supply chain, suppliers must be part of the manufacturer's organizational structure. 62) Inbound logistics is also known as materials management. 63) The success of a global manufacturing strategy depends on compatibility, configuration, coordination, and control. 64) Configuration is the linking or integrating of activities into a unified system. 65) Cost-minimization.
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  61) A typical U.S. company uses the following balance sheet format: assets = liabilities + shareholders' equity. 62) Both the form and content of financial statements are currently the same in most countries due to the convergence of accounting implemented by the International Accounting Standards Board. 63) Germanic and Japanese companies tend.
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  99) Why is it essential for MNEs to consider coordination systems when implementing an organizational structure? Briefly describe each approach to coordination. 100) Why do you think corporate universities are becoming more popular among MNEs? How do both MNEs and employees benefit from corporate universities?     .
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  51) Transfer prices are ________. A) always based on production costs B) the prices on goods transferred from one country to another C) regulated by the United Nations so as to avoid manipulation D) often used to minimize taxation 52) What is the LEAST likely reason that MNEs set arbitrary transfer prices? A) take advantage of.
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  71) Companies tend to use geographic divisions when they have large foreign operations that are not dominated by a single country or market. 72) Andrews Enterprises, which uses an international division structure, should be able to respond quickly to foreign activities but will most likely experience costly country-to-country duplication. 73) In a.
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