The Small Business Administration defines small business as having

The Small Business Administration defines small business as having ______ number of employees:

 

Question 1 options:

 

 1)           5

 

2)            50

 

3)            100

 

4)            500

 

Question 2 Students should be encouraged to answer self-awareness checklists and complete a ____________ analysis of expatriate assignments before choosing a career in international entrepreneurship.

 

Question 2 options:

 

 1)           Job skills

 

2)            Cost/benefit

 

3)            Venture capital

 

4)            Target market

 

Question 3 Geert Hofstede, defined culture as “the collective programming of the mind which distinguishes the members of one human group from another?”

 

Question 3 options:

 

 1) True

 

 2) False

 

Question 4 Overall, study abroad and international assignments help today’s workers gain career competencies which help increase _____________ in our contemporary business environment, a worthwhile approach with workers often moving across industry, organizational, occupational, and country boundaries.

 

Question 4 options:

 

1)            Marketability

 

2)            Mobility

 

3)            Education

 

4)            Motivation

 

Question 5 According to the Small Business Administration, U.S. entrepreneurs are responsible for all of the following, except:

 

Question 5 options:

 

1)            creating from 60% to 80% of net new jobs,

 

2)            employing more than half of all workers in private industry,

 

3)            creating 35% of the Gross Domestic Product

 

4)            being 97% of the international exporters, accounting for 26% of export value.

 

Question 6 At every stage of the communication process there is “noise” distortion. The following are examples of this concept, except for:

 

Question 6 options:

 

1)            language barriers

 

2)            decoding/receiving

 

3)            technological incompatibilities

 

4)            economic reasons

 

Question 7 Australia has more franchisors per capita than the United States, there are about ____________ franchise units in the country, which has expanded steadily despite much industry consolidation.

 

Question 7 options:

 

1)            51100

 

2)            25200

 

3)            88000

 

4)            1200

 

Question 8 Localization in product attributes and marketing are dictated by technical standards, import-related government regulatory requirements in a local country, or simply by limited ______________ of the local population.

 

Question 8 options:

 

1)            Political outreach

 

2)            Spending power

 

3)            Density

 

4)            Language capability

 

Question 9 As of 2001, as described by Akhmetov and Raiskhanova, Kasakhstan had _________ franchised outlets.

 

Question 9 options:

 

1)            2400

 

2)            35000

 

3)            400

 

4)            50000

 

Question 10 Grunhagen and Mittelstaedt give reasons why individuals franchise. They illustrate how single unit franchisees are so eager to get into business for themselves that they become _____ _________.

 

Question 10 options:

 

1)            Risk tolerant

 

2)            Risk indifferent

 

3)            “System beaters”

 

4)            Non entrepreneurial

 

Question 11 Financial knowledge, behavior, and attitude in handling money are aspects of

 

Question 11 options:

 

1)            Knowing why

 

2)            Entrepreneurial fluency

 

3)            Financial literacy

 

4)            Financial intelligence

 

Question 12 Starbucks opened its first outlet in Sharq, Kuwait in ________, and it has become one of its most profitable stores in the entire region.

 

Question 12 options:

 

1)            1992

 

2)            2001

 

3)            2003

 

4)            1999

 

Question 13 Describe some internal factors that need to be considered before deciding on the mode of entry for a company. How does a company’s internal make-up affect the speed in which it goes global?

 

Question 13 options:

 

There is a myriad of factors that need to be considered before deciding on the mode of entry for a company.  One of these factors is company objectives whereby the firms that are operating in the domestic market and have reduced aspirations often enter the foreign market due to a reactive method to the international market opportunities. Under such instances, firms get unsolicited orders mostly from companies and acquaintances (Schellenberg et al., 2018). The second factor is the availability of the company’s resources which makes it easy for the company to gain entry into the market without a challenge. Thirdly, the level of commitment of the company will play a huge role in ensuring that the company can enter the market without a challenge. Other important factors that ought to be considered comprise flexibility and international experience. The internal make-up of the company affects the speed at which it goes global in the sense that a company that is well organized and structured will be in a good position to adapt well to the market share in the global settings.

 

Reference

 

Schellenberg, M., Harker, M. J., & Jafari, A. (2018). International market entry mode–a systematic literature review. Journal of Strategic Marketing, 26(7), 601-627.

 

 

 

Question 14 The major factor leading to entrepreneurial awareness of opportunities and innovation is

 

Question 14 options:

 

1)            Knowledge

 

2)            Training

 

3)            Exporting

 

4)            Personality

 

Question 15 Over the past few decades, there have been several major global cultural studies. Which of the following is not one of them?

 

Question 15 options:

 

1)            Global “diamond” by Porter

 

2)            GLOBE

 

3)            Hofstede’s study

 

4)            World Value Survey

 

Question 16 In Western countries, individuals tend to rely heavily on the spoken word, whereas in countries like Japan, China and in the Middle East, the ________________, situation, and nonverbal behavior are crucial elements in communication.

 

Question 16 options:

 

1)            Gift giving

 

2)            External environment

 

3)            Handshake

 

4)            Business card exchange

 

Question 17 A key step in the international negotiation process, __________ involves applying strategies, tactics, and arguments to strive in achieving the set goals.

 

Question 17 options:

 

1)            preparation

 

2)            concession

 

3)            persuasion

 

4)            verification

 

Question 18 DeFillippi and Arthur identified three forms of ____________ as manifested in people’s beliefs and identities (knowing why), knowledge and skills (knowing how), and network or relationships (knowing whom).

 

Question 18 options:

 

1)            Knowing competencies

 

2)            Task competencies

 

3)            Organizational competencies

 

4)            Benchmarking competencies

 

Question 19 There are three major ________ groups in Canada, (English speaking, French speaking, and native Canadians)

 

Question 19 options:

 

1)            national

 

2)            ethnic

 

3)            international

 

4)            organizational

 

Question 20 Among numerous practical cultural applications in international entrepreneurship the following key areas stand out, except for:

 

Question 20 options:

 

1)            international marketing

 

2)            international negotiations

 

3)            technological advancement

 

4)            international management

 

Question 21 DeFillippi and Arthur’s knowing why competency refers to

 

Question 21 options:

 

1)            Beliefs and identities

 

2)            Knowledge and skills

 

3)            Networks of relationships

 

4)            Level of education

 

Question 22 McIntyre views Brazilian franchising as ripe for development. All of the following are reasons for this, except:

 

Question 22 options:

 

1)            the size of the domestic franchise industry

 

2)            demographics of the population

 

3)            current economic conditions

 

4)            proximity to the United States

 

Question 23 The basis of entrepreneurship is entrepreneurial orientation (EO), risk orientation, innovation, and proactive individuals seeking out, and acting within, growing international markets.

 

Question 23 options:

 

1) True

 

2) False

 

Question 24 Skilled negotiators go into meetings with a series of issues to tackle but do not have a predetermined sequence. The main advantage of this is:

 

Question 24 options:

 

1)            to control price structure

 

2)            to build up rapport

 

3)            it makes it difficult for opposing parties to determine issues that are critical

 

4)            to draw up agreements

 

Question 25 Research has shown that successful managers around the globe have the following characteristics:

 

Question 25 options:

 

1)            long term expatriate assignments, international relocation experience, foreign language ability

 

2)            intelligence, motivation, adaptability, and entrepreneurial attitude

 

3)            short- and long-term international assignments on careers, financial, and language competencies, need for achievement

 

4)            global management departments to train them

 

Question 26 _____________ is a form of experiential learning in which students, often working in teams, use their business skills to benefit the community.

 

Question 26 options:

 

1)            Expatriate learning

 

2)            Service learning

 

3)            Group learning

 

4)            Distance learning

 

Question 27 The level of economic growth in a given country is among the most important considerations for international franchising expansion.

 

Question 27 options:

 

1) True

 

2) False

 

Question 28 The primary difference that will be experienced by franchisors entering the Chinese market is that the government will be the franchisee.

 

Question 28 options:

 

1) True

 

2) False

 

Question 29 Building the relationship, (establishing rapport, entertaining an international counterpart’s team, learning about personalities, gaining trust), is a key step in the international _____________ process.

 

Question 29 options:

 

1)            negotiation

 

2)            concession

 

3)            resolution

 

4)            cultural

 

Question 30 In Israel, thousands of _______________ retired in their early forties with a lump sum payment from the government of $250,000 and were looking for investment opportunities, many bought franchises.

 

Question 30 options:

 

1)            Ex-patriates

 

2)            Stockbrokers

 

3)            Defense military personnel

 

4)            Politicians

 

Question 31 Stephen Choo (2002) illustrated the critical success factors needed to enter the East Asian market. Which of the following is an example of them?

 

Question 31 options:

 

1)            distance management

 

2)            contract enforcement

 

3)            cultural adaptability

 

4)            all of the above

 

Question 32 Corporate size has little impact on business culture suggesting minimal differences between large and small business organizations.

 

Question 32 options:

 

1) True

 

2) False

 

Question 33 Learning organization advocates, support a learning-centered approach where employees seek to continually upgrade their skills valuable to the global marketplace.

 

Question 33 options:

 

1) True

 

2) False

 

Question 34 Which of the following is correct about cultural applications of the international marketing mix (4Ps)?

 

Question 34 options:

 

1)            In highly stratified societies (cast system in India as the most extreme example of social stratification) market segmentation and other elements of marketing can be drawn along the lines dividing societal layers

 

2)            The rising global middle class is increasingly willing to pay premium price the quality product and brand

 

3)            (a) and (b)

 

4)            Marketing mix in the 4P context is losing its importance due to globalization and integration of national markets into a unified global market

 

Question 35 _________ are those who meet the needs of growing ethnic groups within a foreign nation.

 

Question 35 options:

 

1)            Advocacy entrepreneurs

 

2)            Cultural entrepreneurs

 

3)            Millennial entrepreneurs

 

4)            Predatory entrepreneurs

 

Question 36 Approximately ____ of U.S. firms are owned by minorities with approximately $600 billion in receipts according to the US Census Bureau, 2005.

 

Question 36 options:

 

1)            3%

 

2)            38%

 

3)            44%

 

4)            15%

 

Question 37 Hofstede’s current cross-cultural methodology reduces the world’s vast cultural variety to just few universal dimensions. Which of the following is not one of them?

 

Question 37 options:

 

1)            individualism

 

2)            power distance

 

3)            long-term orientation

 

4)            self-ascription

 

Question 38 Creating microcultures, interacting with people from other cultures, field trips, and looking at non-U.S. films and television shows are ways to

 

Question 38 options:

 

1)            Develop a global strategic orientation

 

2)            Promote international trade

 

3)            Develop global awareness when international travel is not an option

 

4)            Determine whether global entrepreneurship is an option

 

Question 39 Robert DeFillippi and Michael Arthur (1996) posit that knowledge— and its accumulation — changes in response to all of the following, except:

 

Question 39 options:

 

1)            shifting environment

 

2)            employment variables

 

3)            personal variables

 

4)            labor market variables

 

Question 40 It is estimated that the current market in India is approximately USD one billion, and has a growth rate per annum of ______ percent.

 

Question 40 options:

 

1)            15%

 

2)            75%

 

3)            30%

 

4)            5%

 

Question 41 In Finland, the government participates in the education of franchisees through economic development centers.

 

Question 41 options:

 

1)            Education grants

 

2)            Economic development centers

 

3)            Statistical analysis

 

4)            Marketing research

Collepals.com Plagiarism Free Papers

Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.

Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS

Why Hire Collepals.com writers to do your paper?

Quality- We are experienced and have access to ample research materials.

We write plagiarism Free Content

Confidential- We never share or sell your personal information to third parties.

Support-Chat with us today! We are always waiting to answer all your questions.