I need help with these questions. I want to compare my answers to yours.

Book used for class is: Strategic Management in Action, 6th Edition, Mary Coulter.

MGMT 450 - Applied Research Analysis in Management

Chapter 7 Assignment - International Strategies

50 True and False / Multiple Choice Questions

(Please post just the answers with the corresponding number)

1) True or False - International strategy is a corporate strategy that describes companies that do business in multiple countries simultaneously.

2) True or False - Organizations are considered international if they exchange goods and services with consumers in other countries.

3) True or False - International strategy is a type of growth strategy.

4) True or False - One of the advantages of going international is that it can potentially lower operational costs.

5) True or False - Quality issues are a potential advantage of going international.

6) True or False - Protectionism is one of the drawbacks of being international.

7) True or False - Going international can lead to achieving benefits of economies of scale.

8) True or False - One of the potential drawbacks of going international is that interdependencies among multiple countries cannot be exploited.

9) True or False - The legal-political environment in the United States is stable.

10) True or False - Global political risk is minimized when a firm goes international.

11) True or False - Australia is an example of a country on the low political stability list.

12) True or False - Organizations wanting to do business in countries with low stability levels face great certainty.

13) True or False - A free market economy is one in which resources are primarily owned and controlled by the private sector.

14) True or False - A planned economy is one in which economic decisions are planned by the private sector.

15) True or False - Vietnam and North Korea are examples of planned economies.

16) ________ refers to the values and attitudes shared by individuals from a specific country that shape their behavior and their beliefs about what is important.

A) National culture

B) National values

C) International value systems

D) Global culture

E) None of the above

17) The ________ approach is one in which the strategies are basically the same in all countries in which the organization does business.

A) transnational

B) multidomestic

C) global

D) country-specific

E) ethnocentric

18) The global approach to strategy is designed to help develop a (n) ________ advantage.

A) low-cost

B) differentiation

C) integrated

D) niche

E) None of the above

19) A ________ approach is one in which the organization's strategies vary according to the country in which it does business.

A) global

B) multicountry

C) transnational

D) differentiated

E) integrated

20) A multicountry approach is based on developing a ________ advantage.

A) differentiation

B) low-cost

C) integrated

D) focused

E) None of the answer choices is correct.

21)In the ________ approach, products are tailored to fit consumer tastes and preferences.

A) global.

B) multicountry

C) integrated

D) focused

E) reactor

22) ________ is purchasing materials or labor from around the world wherever it is cheapest.

A) Transnational sourcing

B) Global sourcing

C) Value chain sourcing

D) Niche-based sourcing

E) Cooperative sourcing

23) Which of the following is NOT an international strategy alternative?

A) Exporting

B) Importing

C) Deporting

D) Licensing

E) Franchising

24) ________ and ________ are similar approaches involving one organization giving another organization the right to use its brand name, technology, or product specifications in return for a lump sum payment or a fee usually based on sales.

A) Importing, exporting

B) Sourcing, procuring

C) Licensing, franchising

D) Globalizing, internationalizing

E) None of the answer choices is correct.

25) ________ involves acquiring products made abroad and selling them domestically.

A) Exporting

B) Importing

C) Licensing

D) Franchising

E) Focusing

26) ________ is primarily used by manufacturing companies.

A) Franchising

B) Licensing

C) Focusing

D) Procuring

E) None of the answer choices is correct.

27) ________ is primarily used by service organizations.

A) Licensing

B) Franchising

C) Sourcing

D) Procuring

E) Importing

28) Anheuser-Busch InBev uses a ________ strategy in foreign markets.

A) franchising

B) sourcing

C) importing

D) licensing

E) None of the answer choices is correct.

29) Because they entail minimal investment and risk, many small businesses often use ________ and ________ to do business globally.

A) exporting, importing

B) exporting, sourcing

C) importing, sourcing

D) exporting, licensing

E) importing, licensing

30) Setting up a(n) ________ involves directly investing in a foreign country.

A) licensee

B) subsidiary

C) franchisee

D) international division

E) None of the answer choices is correct.

31) In relative terms, which of the following involves minimal global investment?

A) Exporting

B) Importing

C) Global sourcing

D) Licensing

E) Franchising

32) In relative terms, which of the following involves significant global investment?

A) Global sourcing

B) Foreign subsidiary

C) Licensing

D) Franchising

E) Exporting

33) A subsidiary in a multidomestic organization is managed through

A) transnational control.

B) globalized control.

C) centralized control.

D) local control.

E) None of the answer choices is correct.

34) A subsidiary in a global organization is managed through

A) local control.

B) decentralized control.

C) centralized control.

D) national control.

E) None of the answer choices is correct.

35) Which of the following involves the greatest commitment of resources and poses the greatest amount of risk?

A) Global sourcing

B) Exporting and importing

C) Licensing

D) Franchising

E) Foreign subsidiary

36) A(n)________ is any type of international company that maintains operations in multiple countries.

A) international company

B) conglomerate

C) multinational corporation

D) prospector.

E) None of the answer choices is correct.

37) One type of MNC is a

A) multidomestic corporation.

B) transformational company.

C) border organization

D) All of the above answer choices are correct

E) None of the answer choices is correct.

38) A ________ decentralizes management and other decisions to the local country.

A) multidomestic corporation

B) global company

C) glocal company

D) transnational organization

E) borderless organization

39) A ________ doesn't attempt to replicate its domestic successes by managing foreign operations from its home country.

A) multidomestic corporation

B) global company

C) glocal company

D) transnational organization

E) boundryless organization

40) Nestle has operations in almost every country on the globe and its managers match the company's products to its consumers. Nestle is an example of a

A) global company.

B) glocal company.

C) transnational organization.

D) multidomestic corporation.

E) None of the answer choices is correct.

41) When Frito-Lay (a division of PepsiCo) markets a Dorito chip in the British market that differs in both taste and texture from the U.S. and Canadian version, Frito-Lay is most likely operated as a

A) global company.

B) multidomestic corporation.

C) glocal company.

D) transnational organization.

E) borderless organization.

42) Many consumer product companies that compete in the global market organize themselves as a ________ because they must adapt their products to meet the needs of local markets.

A) global company

B) multidomestic corporation

C) transnational organization

D) borderless organization

E) None of the answer choices is correct.

43) When Walmart Stores "thinks locally to act globally," it is most likely approaching the global market as a

A) global company.

B) transnational organization.

C) borderless organization.

D) multidomestic corporation.

E) None of the answer choices is correct.

44) A ________ centralizes its management and other decisions in the home country.

A) global company

B) glocal company

C) multidomestic corporation

D) transnational organization

E) borderless organization

45) ________ treat the world market as an integrated whole.

A) Multidomestic corporations

B) Transnational organizations

C) Global companies

D) Glocal organizations

E) None of the answer choices is correct.

46) ________ focus on the need for global efficiency and cost savings.

A) Global companies

B) Multidomestic corporations

C) Transnational organizations

D) Focused organizations

47) When a company says, "We don't want people to think we're based anyplace," the company is organized as a

A) transnational organization.

B) global company.

C) multidomestic corporation.

D) focused corporation.

48) A transnational organization is also called a

A) borderless organization.

B) multidomestic corporation.

C) global company.

D) focused organization.

49) A ________ eliminates artificial geographic barriers.

A) transnational organization

B) multidomestic corporation

C) global company

D) focused organization

50) When IBM dropped its organizational structure based on country and reorganized into industry groups worldwide, it became a

A) transnational organization.

B) multidomestic corporation.

C) global company.

D) focused organization.