ACAMS Practice Questions
Accounting Cycle and Classifying Accounts
Accounting For Managers
Accounting for Merchandising Activities
Accounting for Pensions
Accounting Information Systems
Activity Based Costing
Adjusting Accounts for Financial Statements
Advanced Business Economics
Advertising and Public Relations
Advertising and Sales Promotion
An Overview of International Business
Analysis and Forecasting Techniques
Analyzing and Recording Transactions
Applied Business Research
Asset Demand and Supply under Uncertainty
Auditing and Attestation
Behavioral and Allied Sciences
Bonds and Long Term Notes Payable
Business Analytics & Technology Management Chapter 2
Business Analytics & Technology Management Chapter 3
Business Analytics & Technology Management Chapter 4
Business Analytics & Technology Management Chapter 5
Business Analytics & Technology Management Chapter 6
Business and Company Law
Business Ethics and Governance
Business Ethics Exam
Business Law Study guide
Business Organisations and Environment
Business organization and systems
Business Process Performance
California Real Estate
Capital Budgeting and Managerial Decisions
Changes in Accounting Principles
Changing Marketing Environment
Consolidated Financial Statements
Corporate and Business Law
Cost Accounting Final exam
Cost Accumulation Systems
Cost Allocation Techniques
Cost and Managerial Accounting
Cost of Capital
Cost Terms and Classifications
Cost Volume Profit Analysis
Currency Exchange Rates
Customer Relationships and Value
CVP Analysis and Marginal Analysis
Debt and Bankruptcy
Decision Makers Household Sector
Demand for Money
Derivative Instruments and Hedging Activities
Dividends and Payout Policy
Dividends, Shares, and Income
Elasticities of Demand and supply
Employee Training and Development
Environments of Business
Essence of Management
Ethical and Professional Standards
Ethics and Social Responsibility
Ethics for Management Accountants
External Financial Statements and Revenue Recognition
Federal Securities Acts
Financial and the Nonfinancial Sectors
Financial Decision Making
Financial Intermediaries and Financial Markets
Financial Markets and Securities Offerings
Financial Statements and Accounting Transactions
Flexible Budgets and Standard Costs
Florida Real Estate MCQs
Fraud Internal Control and Cash
Fundamental Accounting Principles
Global Marketing and World Trade
Governmental Accounting State and Local
Health and Life Comprehensive Exam
Health and Life Practice Questions
Human Resource Management
Human Resource Management HRM
Human Resource Planning
Importance of Business Economics
Insurance and Risk Management
Insurance License Texas Life and Health
Integrated Marketing Communications and Direct Marketing
Interactive Marketing and Electronic Commerce
Internal Auditing and Systems Controls
Internal Control and Cash
International Trade and Globalisation
Interpersonal and Organizational Communication
Introduction to Business
Introduction to Human Resource Management
Introduction to Human Resources Assessment
Investment Risk and Portfolio Management
Job Order Costing
Life and Health Insurance
Life Insurance Basics
Life Insurance Policies
Life Insurance Policy
Long Term Investment
Long Term Securities
Management and Cost Accounting
Managerial Accounting Concepts and Principles
Managing Organizational Change
Managing Production and Operations
Managing Products and Brands
Market Segmentation Targeting and Positioning
Marketing and Corporate Strategies
Marketing Channels and Wholesaling
Master Budgets and Planning
Mergers and Acquisitions
Money and Banking
National Health Insurance
Not For Profit Accounting
Organization and Operation of Corporations
Organizational Behavior Essentials
Organizational Markets and Buyer Behaviour
Organizational Structure and Design
Personal Selling and Sales Management
Principles and Practices of Management
Production and Operations Management
Profitability Analysis and Analytical Issues
Profitability Analysis and Decentralization
Property Plant and Equipment
Property Plant and Equipment Exam
Reporting and Analyzing Cash Flows
Reporting and Analyzing Long Lived Assets
Reporting and Analyzing Receivables
Responsibility Accounting and Performance Measures
Risk and Procedures for Control
Service Department Costing
Short Term Financing
Short Term Investment
Standard Costs and Variance Analysis
State Health Insurance
Statement of Cash Flow
Statement of Comprehensive Income
Statement of Financial Position
Stock Market and Stock Prices
Strategic Marketing Process
Structure of Interest Rates
Succession and Transfer Taxes
Supply Chain and Logistics Management
System Analysis and Design
Texas Real Estate
The Management Challenge
Total Quality Management
Understanding Exchange Rates
Understanding Interest Rates
Understanding Interest Rates Determinants
Value Added Tax
International Marketing MCQs
For companies today, becoming international is a luxury only some can afford.
Companies from the Netherlands are the leading group of investors in the United States.
International marketing involves selling of a company's goods and services to consumers or users in more than one nation for a profit.
The difference between domestic and international marketing lies in the different concepts of marketing.
An international marketer must deal with at least two levels of uncontrollable uncertainty.
The geography and infrastructure of a country are uncontrollable factors that influence the business decisions of a company in an international market...
The uncontrollable factors affecting international marketing are limited to political forces, economic climate, and competitive structure.
The level of technology in a country is an uncontrollable element for international marketers.
The uncontrollable factors a company has to deal with decreases with the number of foreign markets in which it operates.
The controllable elements can be altered in the long run and, usually, in the short run to adjust to changing market conditions, consumer tastes, or c...
Political and legal forces, economic climate, and competition are some of the domestic environment's controllable factors.
The foreign policies of a country have a direct effect on a firm's international marketing success.
Abolition of apartheid in South Africa is an example of a positive effect on foreign policy, an uncontrollable element, in an international marketing ...
The business activities of international marketers are not affected by competition in their domestic market.
The process of evaluating the uncontrollable elements in an international marketing program involves substantial doses of cultural, political, and eco...
Level of technology remains unchanged across countries making it a fairly controllable factor in international marketing
Political and legal issues a company may face abroad are mitigated by the "alien status" of the company.
The political details and the ramifications of political and legal events are often more transparent in a domestic situation than they are in a foreig...
The political and legal environment is a controllable element for international marketers because of their potent ability to lobby and influence legis...
In a broad sense, the uncontrollable elements of the foreign business environment constitute the culture.
In dealing with unfamiliar markets, marketers must be aware of the frames of reference they are using in making their decisions.
John refuses to buy Japanese products because he sees this as a way of selling out to a nation known for its aggressive behavior. John uses a self-ref...
The self-reference criterion is closely related to ethnocentrism.
Sam just ate cookies and, therefore, feels justified in refusing food offered by his Middle Eastern host. In this instance, Sam's self-reference ...
To avoid errors in business decisions, it is necessary to conduct a cross-cultural analysis that emphasizes the need for ethnocentrism.
Understanding one's own culture normally requires no additional study.
The most effective approach to build global awareness into an organization is to increase the diversity mix of the employee profile for entry-level jo...
Research has revealed that smaller home markets and larger production capacities appear to favor internationalization.
A company in the "no direct foreign marketing" stage of international marketing involvement does not actively cultivate customers outside national bou...
The global marketing concept views the marketplace as consisting of one primary domestic market that is complimented by several smaller regional marke...
Which of the following is the most dynamic trend that is affecting current global business strategies?
The trend toward buying American cars in Europe
The trend toward the acceptance of the free market system among developing countries
The trend toward using English as the global language
The trend toward establishing a world currency
Companies from _____ lead in foreign investment in the United States.
Kingdom of Saudi Arabia
the United Kingdom
Which of the following is true regarding the impact of globalization on domestic markets in the United States?
Multinational companies are making more profits from their domestic operations compared to their earnings from the foreign markets.
Only multinational companies with large production facilities have outperformed their strictly domestic U.S. counterparts.
The domestic companies have reduced their manufacturing employment more than U.S. multinationals.
Multinational manufacturing companies in all industries and sizes have outperformed their domestic counterparts.
Which of the following is an essential requirement for already experienced as well as new firms to succeed in international markets?
Adhering strictly to their traditional methods of production and operations
Focusing primarily on their production to exclusively meet domestic demand
Venturing into multiple markets by investing in all of them at once
Committing themselves completely to foreign markets
_____ is the performance of business activities designed to plan, price, promote, and direct the flow of a company's goods and services to consum...
Which of the following is the most critical difference between domestic marketing and international marketing?
The difference in marketing principles being followed
The different concepts of marketing
The difference in marketing theories being followed
The environment in which marketing plans must be implemented
Which of the following elements in the marketing environment poses a challenge to both domestic and international marketers due to its dominantly unco...
Which of the following is a controllable element for an international marketer?
Level of technology
Geography and infrastructure
Channels of distribution
Which of the following is an uncontrollable element for an international marketer?
Level of technology
For an international marketer, the _____ can be altered in the long run and, usually, in the short run to adjust to changing market conditions, consum...
structure of distribution
Which of the following is an uncontrollable factor for a marketer in a domestic environment?
Channels of distribution
Price of the product
Which of the following political actions is most likely to favor international marketing?
Placing trade embargo on Cuba owing to widespread political instability in the country
The U.S. government placing a trade ban on Libya owing to rampant terrorism
Paraguay imposing low tariffs and tax rates on manufacturing industries
Tariff hike for imports established by China
Which of the following reflects the relationship between international business and domestic business?
The domestic economic climate has no effect on a company's competitive position in foreign markets.
Domestic businesses must focus on capital mobility toward international businesses before capital generation.
Countries must not restrict foreign investment even if domestic economic conditions deteriorate.
The ability to invest abroad is to a large extent a function of domestic economic vitality.
Which of the following is a possible unfavorable outcome of the "alien status" of a company?
Prejudiced treatment by the host countryâ€™s politicians and legal authorities
An inflated balance of trade
A sharp rise in domestic and international demand
Lower trade tariffs in the host country
With respect to the environment in which a business operates, factors such as competition, political and legal forces, and economic climate would all ...
_____ is a controllable element in both domestic and international marketing environments.
Competition within the home country
Price of products
The marketing tasks of an international marketer differs from that of a domestic marketer as the:
international marketer has fewer uncontrollable elements to deal than a domestic marketer.
level of technology and cultural forces are controllable elements for the international marketer.
structure of distribution is an uncontrollable element for the international marketer.
competitive structure is one of the controllable factors for an international marketer.
Robert Jonas is in charge of a new marketing effort directed toward Peru. In order for his company to effectively market and distribute to all of Peru...
Geography and infrastructure
Compared to the foreign environment variables, which of the following uncontrollable variables is least likely to affect a domestic marketer?
Amy Sims has been assigned the task of preparing a marketing plan for her company for the upcoming year's business activities. She knows that she...
level of technology
M&G Inc., a company producing musical instruments, had dominated its home market for several years before venturing into international markets. Th...
Level of technology
Structure of distribution
Competition in the domestic market
Ralph Waite, a marketing manager at a video game console manufacturing firm, is asked to review the marketing opportunities of his company in a foreig...
The pricing policies in the domestic market
The research methodologies used by his company
The promotional activities required to market the product
The level of technology in the targeted market
The uncontrollable issue of _____ faced by a company abroad is often amplified by the "alien status" of the company, which increases the difficulty of...
channel of distribution
Which of the following best illustrates the political and legal issues faced by companies because of their "alien status" when they attempt to do busi...
A company doing moderate business in international markets because of violent history of its home country
A company being forced by the local government to share its core competencies in order to continue doing business
A product not being widely accepted in the foreign market because of its irrelevance to the customers
A company utilizing an identical promotional campaign it used in the domestic country
Which of the following best defines adaptation on the part of an international marketer?
It is a conscious effort to make themselves aware of the home cultural reference in their analyses and decision making.
It is a conscious effort to anticipate the influences of both the foreign and domestic uncontrollable factors on a marketing mix and then to adjust the marketing mix to minimize the effects.
It is the notion that people in one's own company or country know best how to do things.
It is the process of identifying the similarities that exists between the domestic and foreign markets.
The primary obstacles to success in international marketing are a person's _____ and an associated ethnocentrism.
_____ is an unconscious reference to one's own cultural values, experiences, and knowledge as a basis for decisions.
When confronted with a set of facts, one reacts spontaneously on the basis of knowledge assimilated over a lifetimeâ€”knowledge that is a product...
space command criterion
Which of the following is closely related to the self-reference criterion?
_____ impedes the ability of a person to assess a foreign market in its true light.
Which of the following is true of ethnocentrism?
It enhances the ability of an organization to assess a foreign market in its true light.
It is a problem that arises when managers from affluent countries work with managers and markets in less affluent countries.
American managers have generally been uninfluenced by it, especially in the beginning of the 21st century.
It is the cornerstone of effective adaptation in the field of international marketing.
The most effective way to control the influence of ethnocentrism and the SRC is to:
reduce interaction with culturally diverse audience.
design products and services in a traditional manner.
recognize their effects on our behavior.
learn at least two foreign languages to understand the cultural differences.
To avoid errors in business decisions, it is necessary to conduct a cross-cultural analysis that isolates the self-reference criterion influences. Whi...
Redefining the problem without the SRC influence
Solving the problem for the optimum business goal situation
Isolating the SRC influence in the problem
Defining the business problem or goal in home-country cultural traits, habits, or norms
Understanding one's own culture requires additional study:
to find out why cultural traits in one's own country does not affect market behavior.
as much of the cultural influence on market behavior is at the subconscious level.
without which understanding the cultural traits of one's own country is impossible.
because an average manager must have extensive cultural knowledge of all countries in the world.
Which of the following characterizes a globally aware manager?
Using one's home culture's values alone to market one's products in foreign countries
Accepting the cultural ways of another individual as his or her own
Tolerating cultural differences and allowing others to be different and equal
Discarding one's home culture's standards to adopt the global cultural standards
Which of the following will best aid a manager in understanding the way people of different countries think and act?
Better political connections
An understanding of foreign investment opportunities
An understanding of macroeconomics
Knowledge of the foreign countryâ€™s history
Which of the following is the most effective way to achieve organizational global awareness?
Hiring entry-level employees based on the sole criterion of global awareness
Organizing frequent employee trips to foreign cultures to increase their sensitivity
Increasing the diversity mix of the front-level employee profile
Having a culturally diverse senior executive staff or board of directors
Which of the following organizations seems better equipped for internationalization?
A firm that sells its products only to those foreign customers who directly contact the firm
A firm that has a production capacity that is much greater than home market demand
A firm that focuses its production activities on meeting the demands in the home market
A firm that has a culturally diverse employee profile but few competitive offerings at the global level
Which of the following firms has a better chance of accelerating the internationalization process?
A firm with key managers well networked internationally
A firm with more traditional manufacturing practices
A firm that primarily focuses all its operations and production capacities to meet the domestic market needs
A firm that refrains from using the Internet as its major communication platform
Which of the following is true regarding the stages of international marketing involvement?
A firm essentially progresses through the stages in a linear order.
The international marketing stage is a direct result of temporary surpluses caused by variations in production levels or demand.
A larger home market with a smaller production base favors internationalization.
A firm may be in more than one stage simultaneously.
In the context of stages of international marketing involvement, a company's products reaches a foreign market without any conscious effort on th...
infrequent foreign marketing stage
regular foreign marketing stage
no direct foreign marketing stage
international marketing stage
Jefferson's, a firm that specializes in dog food and grooming products, has a very well-established domestic market. The company does not activel...
active foreign marketing
regular foreign marketing
no direct foreign marketing
James Bright's company seeks markets all over the world and attempts to sell products that are a result of planned production for markets in vari...
Infrequent foreign marketing
No direct foreign marketing
Maria Peron's company treats the world, including the home market in Spain, as one market. Market segmentation decisions no longer focus on natio...
No direct foreign marketing
Ajax Corporation decides to enter the international marketing arena by marketing its products to China, Japan, and South Korea, with separate marketin...
Domestic market extension
Companies in the regular foreign marketing stage:
fail to actively seek customers in international markets.
do not, under any circumstance, adapt their products to meet the needs of individual foreign markets.
lack permanent productive capacity that is devoted for production of goods and services to be marketed in international markets.
primarily focus their operations and production to service domestic market needs.
Which of the following is true of firms in the first two stages of international marketing involvementâ€”no direct foreign marketing and infreque...
They do not begin internationalization at these stages.
They take a strategic approach to decision making regarding international expansion.
They are more reactive in nature and embark on internationalization without planning.
They intend to maintain a continuous market representation in foreign markets.
In which of the following stages of international marketing involvement do companies primarily focus all their operations and production to service do...
No direct foreign marketing
Regular foreign marketing
In the infrequent foreign marketing stage of international marketing involvement, firms:
no longer make market segmentation decisions on the basis of national borders.
have a global perspective and view the entire world as one market.
have more than half their sales revenues coming from international markets.
have no intention of maintaining continuous market representation in foreign markets.
Which of the following is true of firms at the international marketing stage of marketing involvement?
The primary focus of operations and production is to service domestic market needs.
As domestic demand increases and absorbs surpluses, foreign sales activity is reduced or even withdrawn.
Profit expectations from foreign markets are seen primarily as a bonus in addition to regular domestic profits.
Planning generally entails both marketing and production of goods outside the home market.
What is the most profound change for firms at the global marketing stage of internationalization?
More than half of the multinational firm's revenue is generated from domestic markets.
Sales to foreign markets are made as and when goods become available.
Temporary surpluses marketed in foreign markets is the only element of internationalization.
Companies treat the world, along with home market, as one market.
Which of the following firms/products reflects a global marketing orientation?
A skin-lightening cream aimed at African American women
A company promoting Latino jazz musicals
A firm producing highly cost-effective and durable computers to attract middle-class consumers
A famous restaurant in Singapore that specializes in Oriental food
For a company at the _____ stage of internationalization, market segments are defined by income levels, usage patterns, or other factors that frequent...
domestic market extension
no direct foreign marketing
After World War II, the United States provided assistance to other countries to develop their markets and improve global trade though it gained no ret...
The GATT became part of the World Trade Organization in 1995 with the ratification of the Uruguay Round agreements.
As part of the worldwide economic growth and rebuilding after World War II, countries once classified as less developed were reclassified as underdeve...
By the year 1971, the United States was selling more to other countries than it bought from them; that is, the United States had a favorable balance o...
The Organization for Economic Cooperation and Development (OECD) estimates that the economies of the developed world will expand at much faster rates ...
A nation's balance-of-payments statement records all financial transactions between its residents and those of the rest of the world during a giv...
In a balance-of-payments record, if the credit and debit offset each other, it means that a nation is in particularly good financial condition.
The reserves account is a record of direct investment, portfolio investment, and short-term capital movements to and from countries.
When foreign currencies can be traded for more dollars, U.S. products and companies are more expensive for the foreign customer and exports decrease. ...
Protection of an infant industry is recognized by economists as a valid argument in favor of protectionism.
A case might be made for the temporary protection of markets with excess productive capacity or excess labor when such protection could facilitate an ...
Quotas, boycotts, monetary barriers, and market barriers are examples of tariff barriers.
In general, tariffs decrease inflationary pressures.
Quotas strictly permit importing on a case-by-case basis.
Quotas strictly permit importing on a case-by-case basis.
Quotas are more flexible than import licenses.
A voluntary export restraint (VER) is generally imposed under the threat of stiffer quotas and tariffs being set by the importing country if a VER is ...
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