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Study Resources (Business Management)

  Essay Questions   10.1   Overview of Translation   1) The two methods for the translation of foreign subsidiary financial statements are the current rate and temporal methods. Briefly, describe how each of these methods translates the foreign subsidiary financial statements into the parent company's consolidated statements. Identify when each technique should be used and.
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  Essay Questions   1.2   The Global Financial Marketplace   1) The global financial marketplace consists of assets, institutions, and linkages. Explain how these factors come together to form the marketplace we know today.   1.3   The Theory of Comparative Advantage   1) Despite the underlying advantages of the Theory of Comparative Advantage, countries do not appear to specialize.
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  1.3   The Theory of Comparative Advantage   1) The theory that suggests specialization by country can increase worldwide production is A) the theory of comparative advantage. B) the theory of foreign direct investment. C) the international Fisher effect. D) the theory of working capital management.   2) The source of a nation's comparative advantage A) is created from.
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    21) SCENARIO 8-1 Bill manages a group of sales people using the Situational Leadership model. His newest sales representative, Andrea, is willing and eager to sell, but she is inexperienced and doesn’t really know what she is supposed to do. Another new sales representative, Jack, has sales experience. He is excited.
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  11) Capital market segmentation is a financial market imperfection caused mainly by A) government constraints. B) institutional practices. C) investor perceptions. D) all of the above   12) Capital market imperfections leading to financial market segmentation include A) asymmetric information between domestic and foreign-based investors. B) high securities transaction costs. C) foreign exchange risks. D) All of the above. 13).
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  101) Discuss in detail the roles of mentoring and coaching in organizations. Give some advantages and possible disadvantages for each. Support your answer with specific examples.     102) Do men and women lead differently? Compare and contrast men’s and women’s leadership characteristics and styles, and their general effectiveness in the workplace. Give.
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  11.3   Strategic Management of Operating Exposure   1) Diversification is possibly the best technique for reducing the problems associated with international transactions. Provide one example each of international financial diversification and international operational diversification and explain how the action reduces risk. 11.4   Proactive Management of Operating Exposure   1) A British firm has a subsidiary.
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  99) Explain the contingency theories of leadership and why they are important. Discuss in detail Hershey and Blanchard’s Situational Leadership theory. Include detailed examples of each of the four behaviours a leader can choose, depending on follower readiness.     100) Compare and contrast transactional leaders and transformational leaders. Discuss in detail the.
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    71) If behavioural theories of leadership are valid, then individuals can be trained to be leaders. a. True b. False     72) Unethical leaders use their charisma to enhance power over followers. a. True b. False     73) The difference between a leader and a manager is that leaders rely on control strategies to get things done. a. True b..
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    11) Madeleine is the manager of her department. Les works in her department. Over the years, Madeleine has learned to be very dependent on Les’s judgment because of his vast experience and knowledge. Les has ________ power over Madeleine. a. reward b. coercive c. legitimate d. referent e. expert     12) Aisha is the manager of her.
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    81) In Canadian and US workplaces, there is a trend to flatten organizations, give employees more responsibility for decisions, and share power with employees. a. True b. False     82) As employee empowerment increases, offices across Canada have witnessed an increase in workplace incivility. a. True b. False     83) Research confirms that workplace incivility and harassment, such.
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  1.6   The Globalization Process   1) The phase of the globalization process characterized by imports from foreign suppliers and exports to foreign buyers is called the A) domestic phase. B) multinational phase. C) international trade phase. D) import-export banking phase.   2) The authors describe the multinational phase of globalization for a firm as one characterized by.
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  12.4   The Cost of Capital for MNEs Compared to Domestic Firms   1) Internationally diversified portfolios often have a lower rate of return and almost always have a higher level of portfolio risk than their domestic counterparts. 2) According to your authors, diversifying cash flows internationally may help MNEs reduce the variability of.
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    41) SCENARIO 7-2 There is little consensus on what empowerment means. One study of executives identified two definitions. Some executives consider empowerment to be mostly about delegating within predefined parameters. Others consider empowerment to be about giving employees the latitude to make their own decisions and providing them with the information,.
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    91) The differences in the leadership styles of men and women tend to outweigh the similarities. a. True b. False     92) Socialized charismatic leadership conveys other-centred, not self-centred, values by leaders. a. True b. False     93) The primary quality produced by authentic leadership is trust. a. True b. False     94)  Women tend to view negotiations in the context of.
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  12.2   International Portfolio Theory and Diversification   1) ________ risk is a function of the variability of expected returns of the firm's stock relative to the market index and the measure of correlation between the expected returns of the firm and the market. A) Systematic B) Unsystematic C) Total D) Diversifiable   2) Systematic risk A) is the standard.
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  1.4   What is Different about Global Financial Management?   1) List and explain three concepts differentiating International from Domestic Financial Management. 1.5   Market Imperfections: A Rationale for the Existence of the Multinational Firm   1) List and explain three strategic motives why firms become multinationals and give an example of each.     1.6   The Globalization Process   1) Explain.
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  12.3   The Demand for Foreign Securities: The Role of International Portfolio Investors   1) A national securities market is segmented if the required rate of return on securities in that market differs from comparable securities traded in other, unsegmented markets.   2) International Portfolio constructed of diversified international securities A) is adding foreign exchange risk.
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  11.4   Proactive Management of Operating Exposure   1) Which of the following is NOT identified by your authors as a proactive management technique to reduce exposure to foreign exchange risk? A) matching currency cash flows B) currency swaps C) remaining a purely domestic firm D) parallel loans   2) Which one of the following management techniques is likely.
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  Multiple Choice and True/False Questions   11.1   A Multinational's Operating Exposure   1) Another name for operating exposure is ________ exposure. A) economic B) competitive C) strategic D) all of the above   2) Net operating exposure A) is the gross finance exposure minus gross operating exposure. B) is the difference between the parent company and its subsidiaries exposures. C) is static in.
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  101) The main component of the concept of power is dependency. Explain how dependency relates to power, what creates dependency, and how dependency can be used to increase one’s power.   - 102) Impression management is one type of political activity that people engage in to increase and retain their power. Why.
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  10.2   Translation Methods   1) Cumulative Translation Adjustment (CTA) is A) a separate line on the consolidated income statement stating the FX effect on the company's earnings. B) a separate equity reserve account stating translation gains or losses over time. C) a separate margin added to the sale price once the subsidiary is liquidated. D).
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    51) The type of leader who guides or motivates followers in the direction of established goals by clarifying role and task requirements is called a(n) a. transactional leader. b. charismatic leader. c. transformational leader. d. level 5 leader. e. inspirational leader.     52) Maxwell is a leader who inspires his followers to go beyond their own self-interests.
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  11.2   Measuring Operating Exposure: Trident Germany   1) Operating exposure A) creates foreign exchange accounting gains and losses. B) causes exchange rates to fluctuate. C) is the possibility that future cash flows will change due to an unexpected change in foreign exchange rates. D) measures a country's propensity to import and export.   2) An unexpected change in.
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  10.4   Managing Translation Exposure   1) The main technique to minimize translation exposure is called a/an ________ hedge. A) balance sheet B) income statement C) forward D) translation   2) A balance sheet hedge is the main technique for managing A) transaction. B) operating. C) translation. D) money market. 3) A balance sheet hedge requires that the amount of exposed foreign currency.
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    11) If trait theories of leadership were correct, we would ________, whereas if behavioural studies were correct, we would ________. a. teach people certain traits; teach people certain behaviours b. select the right person for the job based on their traits; train people to become leaders c. change jobs to suit people; change.
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    61) An organization can be politics-free if a. goals are set by the owners, policies are fair, and employees are trained appropriately. b. employees receive proper orientation and training, resources are plentiful, and policies are clear. c. employees feel empowered, goals are set by the management, and resources are regulated. d. management only.
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    51) Quinton is an employee who is in the habit of spreading rumours about others and sometimes leaking confidential information in the process. This is known as a. intimidation. b. political behaviour. c. lobbying. d. whistle-blowing e. deception.     52) One of the most important factors that determines politics in an organization is a. that resources.
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    81) Transformational leaders inspire followers to exert extreme effort in achieving group goals; they also change followers’ awareness of issues by helping them look at old issues in a new light. a. True b. False     82) Transactional leaders focus on standards and deviations from standards. a. True b. False     83) Recent research shows that people working.
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  Multiple Choice and True/ False Questions   1.1   Financial Globalization and Risk   1) Which of the following firms are NOT considered to be multinational enterprises (MNEs) even if they have operations in more than one country? A) for-profit companies B) non-for-profit organizations C) non-government organizations (NGOs) D) all of the above may be considered MNEs   2) "BRIC" is.
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  21) Swap agreements are treated as off-balance sheet transactions via U.S. accounting methods.   22) Swap agreements are treated as line items on the balance sheet via U.S. accounting methods.   23) After being introduced in the 1980s, currency swaps have remained a relatively insignificant financial derivative instrument. 24) After being introduced in the 1980s,.
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  97) Explain what empowerment means. What do employees need to feel fully empowered? Why do some managers not want to empower their employees? Give specific examples to support your answer.     98) Explain in detail what influence tactics one could use to gain a stronger base of power and become more influential.
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  10.3   Trident Corporation's Translation Exposure   1) A Canadian subsidiary of a U.S. parent firm is instructed to bill an export to the parent in U.S. dollars. The Canadian subsidiary records the accounts receivable in Canadian dollars and notes a profit on the sale of goods. Later, when the U.S. parent pays.
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  1.4   What is Different about Global Financial Management?   1) Which of these factors may differ for management of a domestic firm vs an international firm? A) culture B) corporate governance C) political risk D) All of the above may differ.   2) Which of these issues must be addressed by domestic financial managers but may be ignored.
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  Multiple Choice and True/False Questions   12.1   Financial Globalization and Strategy   1) Which of the following is NOT a key variable in the weighted average cost of capital (WACC) equation? A) the market value of equity B) the market value of debt C) the risk-free rate of return D) the marginal tax rate   2) Segmented national capital markets.
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  1) Power is defined as a. the capacity to persuade others. b. dependency upon others. c. the right to make rules. d. being rewarded by others. e. independence.     2) Dianne is very good at influencing the behaviour of others so that they act in accordance with her wishes. Therefore, Dianne has a. power. b. influence. c. expertise. d. empowerment. e..
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    21) SCENARIO 7-1 Your colleagues at work often talk about the vice-president in your area. She has a reputation for being intimidating, abrasive, ruthless, and antagonistic. You have been appointed to discuss the latest report from your department with her. You are very nervous about your meeting with her and wonder.
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    91) Studies show that impression management is not positively associated with job interview success. a. True b. False     92) Studies show that impression management works for job applicants. a. True b. False     93) An organization can be politics-free. a. True b. False     94) Workplace violence and toxicity is a concern in such countries as France, Romania, and the United.
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  1) Leaders ________ the vision, while managers ________ the vision. a. internalize; support b. standardize; administrate c. administer; create d. create; administer e. manage; supervise     2) Terry is considered to be a “born leader.” He has been the captain of every sports team that he has ever been on. This supports which of the following.
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  Essay Questions   11.1   A Multinational's Operating Exposure   1) An expected change in foreign exchange rates is not included in the definition of operating exposure, because both management and investors should have factored this information into their evaluation of anticipated operating results and market value. Describe how the expected change in foreign exchange.
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  11) A ________ occurs when two business firms in separate countries arrange to borrow each other's currency for a specified period of time. A) natural hedge loan B) forward loan C) currency switch loan D) back-to-back loan   12) A Canadian firm with a U.S. subsidiary and a U.S. firm with a Canadian subsidiary agree to.
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  Multiple Choice and True/False Questions   10.1   Overview of Translation   1) Translation exposure may also be called ________ exposure. A) transaction B) operating C) accounting D) currency   2) Functional currency is A) the currency of the primary economic environment in which the subsidiary operates and generates cash flows. B) the currency of the country where the corporation is incorporated. C) the.
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  97) Describe in detail the four leadership behaviours that might be used in different situations to motivate individuals according to path-goal theory. Give specific examples to illustrate your answer.     98) What is charismatic leadership? Discuss in detail the characteristics of charismatic leaders, what differentiates them from other types of leaders, how.
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    71) Resistance occurs when a person goes along with a request grudgingly, puts in minimal effort, and takes little initiative in carrying out the request. a. True b. False     72) When you possess something that others require but that you alone control, you make them dependent upon you and therefore you gain power.
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    31) The path-goal theory of leadership proposes two types of contingency variables, one of which is a. the personality or the leader. b. a choice between production orientation and employee orientation. c. the environmental variables that are outside the control of the employee. d. that there is less control by managers. e. that goals should.
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