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1 Organisational structures can be divided into the following three broad categories:

Large, medium, small.

Structures based on functions, divisions and matrix

Strict hierarchy, board control, devolved control

Collective control, co-operative arrangements, shareholder control.

2 The SWOT analysis aids the company in assessing:

Internal threats, opportunities, strengths and weaknesses

Internal strengths as well as external weaknesses and threats

External strengths and weaknesses plus internal opportunities and threats.

Internal strengths and weaknesses as well as external threats and opportunities.

3 Which of the following are not key players in Porters five forces model of competitive strategy?

Potential entrants

Governments

Buyers

Suppliers

4 Resource-based theories of the firm focus on which firm resources?

Physical resources and intellectual property

Physical, human and organizational resources

Physical and human resources

Human resources and corporate skills

5 Emergent strategy can be defined as:

A pattern realized which was not expressly intended

Deliberate strategy

A pattern which reflects strategic planning

Adaptation of the strategic plan in response to the changing environment

6 How does stakeholder management theory contribute to value creation for the firm?

By serving customers better

By helping managers to focus on divergent stakeholder groups

By interacting more with employees

By developing better communications with suppliers

7 Nearshoring can be defined as:

Locating production in a low-cost environment

Type of outsourcing which focuses on a location near to major markets

Type of offshoring which has tax advantages

Type of cost reduction strategy for MNEs

8 Why would an MNE contemplating FDI prefer an acquisition to a greenfield investment?

The greenfield investment is a higher risk.

The acquisition often involves cultural tensions between the acquired company and new owner.

The acquisition is quicker to get up and running.

The company has less control over a greenfield investment.

9 Product divisions are preferred in many MNEs organizational structures because:

They allow the firm to produce and market a line worldwide.

They adapt well to different regional needs.

They facilitate the building of global markets.

Most managers are happier focusing on a single product.

10 Fordism was characterized by all but one of the following features. Which one is out of place?

Vertically integrated system

Bureaucracy

Adaptability to consumer needs

Poor industrial relations