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Final Exam MCQ's-Practice

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Ryerson University
Global Management Studies
GMS 200
Shavin Malhotra

PRACTICE QUESTIONS WITH ANSWERS 1. The key result of achieving a competitive advantage is __________. A. An ability to sidestep government regulations. B. An ability to consistently do something of high value which ones competitors cannot replicate quickly or do as well. C. An ability to drive the competition out of business and to make extraordinarily high profits. D. An ability to establish a monopolistic market position. E. An ability to dictate consumer needs and preferences. B 2. The two levels of culture in organizations are __________. A. Strategic and operational. B. Functional and dysfunctional. C. Observable and core. D. Core and environmental. E. Rites and rituals. C 3. According to Harvard scholar Michael Porter, the ultimate goal for any business should be __________. A. Maximum wealth creation. B. Maximum market share. C. Superior profitability. D. Industry domination. E. Total customer satisfaction. C 4. __________ is the worldwide interdependence of resource flows, product markets, and business competition that characterizes the new economy. A. Economic internationalization. B. International management. C. Globalization. D. World interdependence. E. Cross-cultural business. C 5. The characteristics that are typically associated with entrepreneurs include all of the following EXCEPT: a. Internal locus of control. b. High need for achievement. c. Intolerance for ambiguity. d. Action orientation. e. Self-confidence. C
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