MGT0006 (Ch1-6) Practice Quiz

Which one of these statements is correct?

• Size, structure, and organization culture are very important but unrelated elements of the organization

• Decisions that affect one part of a business will generally have an impact on other parts as well

• Most decisions made by managers are rational and objective

• Departmental managers are generally able to isolate their department from decisions and activities made in other parts of the organization

The ____________ industry contributes approximately 60% of GDP in developed countries

• Quaternary 

• primary

• service

• manufacturing

What is a SBU?

• Simple Business Unit

• Strategic Business Unit

• Single Basic Unit

• Systems Business Units

Businesses that have to manage the effects of currency exchange rates and competition from cheap labour in several different international markets, relate to firm interactions at the ___________ level.

• national

• local

• transnational

• multinational

Which of the following does not relate to an environmental influence within the PESTEL framework?

• Competitors

• Legal

• Technological

• Economical

Which of the following is NOT a mode of entry into an international market?

• Licensing

• Wholly owned subsidiary

• New State/Emirate

• Joint Venture

The process of shifting from some form of state control of the economy towards a free market is known as?

• Communism

• Privatization

• Socialism

• Liberalization

Globalisation is a process in which the world appears to be ___________ economically, politically and culturally

• diverging

• converging

• fragmenting

• embedding

__________ is considered by many to be the dominant force in modern business.

• Innovation

• Culture

• Protectionism

• Globalisation

Which of the following causal factors have been credited with the historical development of globalization?

• Regulation decreasing

• Changing markets

• Growth in trade

• All other answers combined