CIS 512 Week 7 Assignment 2 – Strayer New

CIS 512 Week 7 Assignment 2 – Strayer New

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Assignment 2: HD-DVD versus Blu-ray

In recent times, HD-DVD and Blu-ray were competing technology formats for creating and watching movies on DVDs. Neither was compatible with the other. Eventually, Blu-ray won the competition. Use the Internet to research the competition between the two (2) technology formats, and determine the key reasons why Blu-ray prevailed.

Write a three to four (3-4) page paper in which you:
1. Provide a brief overview of the organizations that have developed and promoted each format.
2. Examine the benefits and drawbacks of each format for users. Determine whether you agree or disagree that Blu-ray was the superior choice technologically over HD-DVD. Provide a rationale for your response.
3. Examine the processing hardware requirements for both the HD-DVD and Blu-ray. Compare and contrast the similarities and differences of each.
4. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting requirements:
• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

BUS 365 Week 7 Quiz– Strayer

BUS 365 Week 7 Quiz– Strayer

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Quiz 6 Chapter 9

Operational Planning and Control Systems



Multiple Choice



1. __________ are planning and control systems that capture and record all of the company’s data from operations, and perform the routine transactions needed to conduct business on an ongoing day-to-day basis.
a) Operational information systems
b) Strategic information systems
c) Databases
d) Inter-organizational systems








2. Why did the largest Scandinavian food retailer group, Axfood AB, invest 200 million SEK (20.4 million Euros or US$25.6 million) in an IT platform?
a) To develop multi-cultural e-commerce capabilities
b) To fully integrate its diverse IT infrastructure to coordinate and connect its operations
c) To implement advanced technologies, including tags, RFID, and social media
d) To develop order fulfillment and logistics capabilities








3. Why are the three levels of management and decision making often modeled as a pyramid?  .
a) To show the importance of senior management decision making on the organization.
b) To show the importance of the decisions made at each management level.
c) To show the hierarchy of the management levels.
d) All of the above.








4. Each level of management has its own _____.
a) data needs
b) decision making responsibilities
c) time horizons
d) All of the above








5. Strategic level decisions are visionary and future-oriented. What types of data are specifically required for these decisions?
a) Real-time transactional and POS data.
b) Internal data sales about inventory levels, orders, and customer support.
c) External and internal data that has a one to three year time horizon.
d) External data about the economy, competitors, and business trends.








6. What types of data are specifically required for decisions made at the managerial or administrative level?
a) Real-time transactional and POS data.
b) Internal data sales about inventory levels, orders, and customer support.
c) External and internal data that has a one to three year time horizon.
d) External data about the economy, competitors, and business trends.








7. At the __________ level, decisions are made to control the day-to-day activities.
a) operational
b) strategic
c) administrative
d) senior








8. The data requirements of operational-level units are __________ because they depend heavily on standard operating procedures.
a) extensive, unique, and change frequently
b) extensive, routine, and rarely change
c) limited and customized
d) external, unstructured, and constant








9. Data integrity with real-time systems involves __________, which means that if all steps in a transaction are not completed, then the entire transaction is cancelled.
a) atomicity
b) consistency
c) isolation
d) durability








10. Which is not one of the key characteristics of a TPS?
a) Large volumes of data are processed
b) Involves extensive computation complexity
c) Data sources are mostly internal, and the output is intended mainly for internal users and trading partners
d) Involves a high level of detailed raw data








11. Generally speaking, why do organizations automate TPS data entry as much as possible?
a) To reduce labor costs
b) To be able to capture online data
c) For competitive advantage
d) To minimize errors and data entry time








12. A company’s payroll systems prepare and process the payroll data periodically, such as at the end of the work week. This type of processing is known as __________.
a) batch
b) real-time
c) online
d) data warehousing








13. In__________, data can be accessed directly from operational databases and all transactions are processed as soon as they occur.
a) batch processing
b) online analytic processing (OLAP)
c) online transaction processing (OLTP)
d) POS processing








14. First Choice Ski increased the number of Web site sales by 266%.and improved business performance after implementing __________, which enabled them to respond quickly to visitors’ clickstream behavior.
a) OLTP
b) order processing
c) POM systems
d) Web analytics








15. __________ deals with ordering, purchasing, receiving, and shipping activities.
a) Order fulfillment management
b) Production management
c) Logistics management
d) Vendor inventory management








16. POM departments may keep __________, which is extra inventory in case of unexpected events, such as spikes in demand or delivery delays.
a) buffer stock
b) safety stock
c) shortage stock
d) a and b








17. A company’s inventory control system seeks to minimize each of the following cost categories except:
a) cost of labor
b) cost of holding inventory
c) cost of ordering and shipping
d) cost of inventory shortage








18. Toyota implemented __________ inventory management to minimize holding costs by not taking possession of inventory until it is needed in the production process.
a) economic order quantity (EOQ)
b) just-in-time (JIT)
c) quality control (QC)
d) total quality management (TQM)








19. Characteristics of projects that make them different from operations include each of the following except:
a) are unique undertakings
b) have a high degree of certainty with respect to costs and completion times
c) may compete and conflict with other business activities
d) involve a high risk of delay and failure, but has high profit potential or benefit








20. In the August 2008 benchmark study, “Customer Analytics: Segmentation Beyond Demographics,” respondents stated that their top data-related challenge was__________.
a) poor data quality
b) inability to collect data needed to calculate key performance metrics
c) information overload
d) encrypting data for security








21. A leading sales automation software is __________, which is especially helpful to small businesses, enabling them to rapidly increase sales and growth.
a) Speedpass.com
b) SoftwarePlus
c) PriceMaster Plus
d) Salesforce.com








22. The Exxon Mobil Speedpass allows customers to fill their tanks by waving a token, embedded with an RFID device, at a gas-pump sensor. This is an example of __________.
a) data-driven marketing
b) a distribution channel
c) inventory control
d) a marketing channel








23. Marketing channel systems consist of each of the following systems except:
a) market intelligence
b) target marketing
c) sales
d) project








24. Marketing ISs consist of __________ to gather, sort, analyze, evaluate, and distribute relevant, timely, complete, and accurate data for use by marketing decision makers to improve planning, implementation, and control.
a) software and hardware
b) procedures and policies
c) people, equipment, and procedures
d) channels








25. Sales volumes of products and services are largely determined by __________, which is also a major determinant of profit.
a) price
b) advertising
c) customer service
d) e-commerce








26. Effective __________ are critical to an organization’s financial performance because fraud is easy to commit and hard to detect.
a) financial statement systems
b) auditing information systems
c) consolidated systems
d) compliance systems








27. Bernie Madoff committed a record-setting fraud scheme for many years __________ was passed to prevent financial fraud.
a) before the Foreign Corrupt Practices Act
b) before the Sarbanes-Oxley Act
c) after the Sarbanes-Oxley Act
d) after the Patriots Act








28. Inaccurate __________ is the number-one reason why many small businesses go bankrupt.
a) billing
b) credit management
c) cash flow projection
d) demand forecasting








29. __________ tells organizations what funds they need and when, and how they will acquire them.
a) Billing
b) Credit management
c) Cash flow projection
d) Demand forecasting








30. The best-known part of financial planning is the __________, which allocates the financial resources of an organization among participants, activities, and projects.
a) annual budget
b) income statement
c) balance sheet
d) owners equity








31. Which is not one of the benefits of using budgeting software?
a) Reduce the time and effort involved in the budget process.
b) Make planning an ongoing continuous process.
c) Evaluate buy-versus-lease options
d) Automatically monitor exceptions for patterns and trends.








32. __________ is the process of identifying the financing of assets, including software, that need to be acquired or developed; and comparing alternatives.
a) NPV
b) Capital budgeting
c) ROI
d) General ledger








33. __________ is a programming language and an international standard for electronic transmission of business and financial information. It helps generate cleaner data, including written explanations and supporting notes.
a) SEC
b) FDIC
c) Excel
d) XBRL








34. The major purpose of __________ is to protect and defend the accuracy and condition of the financial health of an organization.
a) auditing
b) budgeting
c) financial planning
d) ratio analysis








35. __________ is a field that deals with policies, procedures, compliance requirements, and acquiring and keeping people in organizations.
a) Accounting
b) Human resources
c) Marketing
d) Management








36. __________ at virtual worlds and social networking sites is very popular. It is done at most major sites, such as LinkedIn, MySpace, Facebook, Craigslist, and Second Life.
a) Risk management
b) Distribution
c) Recruitment
d) Forecasting








37. Hewlett-Packard’s U.S. Field Services Operations (USFO) Group has developed a paperless wage review system. The Web-based system uses __________ to manage quarterly reviews of HP’s 15,000 employees.
a) analytics
b) intelligent agents
c) portals
d) XBRL

ECO 302 Week 7 Quiz – Strayer

ECO 302 Week 7 Quiz – Strayer

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Chapter 10 and 11

TRUE/FALSE

1. High powered money is commodity money like gold and silver.



2. If households reduce money balances, then their transactions costs go up.



3. If the money supply grows faster than money demand, then the price level rises.



4. If the interest rate increases, then the real demand for money also increases.



5. The neutrality of money means that one time changes in the money supply do not affect real variables.



6. M1 includes a broader array of deposit accounts than M2 does.



7. In the Barro model, money and barter can both be used for exchanges.



8. In the Barro model, households hold money as a long-term store of value.



9. If the price level doubles, then a household’s nominal demand for money also doubles.



10. If the nominal quantity of money supplied does not vary, then the price level will be countercyclical.



MULTIPLE CHOICE

1. Fiat money is money that has value because of:
a. its intrinsic value. c. government decree.
b. it is a commodity. d. all of the above.




2. Commodity money is money that has value because:
a. of the intrinsic value of the commodity. c. the government says so.
b. it is legal tender. d. all of the above.




3. If a person holds one dollar and does not lose it,  then as long as the person holds that dollar they will have:
a. the commodity value of the dollar. c. an interest bearing asset.
b. one dollar in currency. d. all of the above.




4. High powered money is:
a. money held by business for investment. c. total currency in circulation.
b. total currency in circulation plus depository institutions deposits at the Federal Reserve.   d. government bonds held by the public and depository institutions.




5. A monetary aggregate is:
a. high powered money. c. money defined more broadly than currency.
b. commodity money. d. total currency in circulation plus depository institutions deposits at the Federal Reserve.




6. US M1 money includes:
a. currency held by the public. c. traveler’s checks.
b. checkable deposits. d. all of the above.




7. US M1 money includes:
a. savings deposits. c. time deposits.
b. checkable deposits. d. all of the above.




8. US M1 money includes:
a. currency, traveler’s checks and checkable deposits. c. currency, checkable deposits, savings deposits.
b. checkable deposits, traveler’s checks and savings deposits. d. currency, time deposits, checkable deposits.




9. US M2 money includes:
a. currency. c. small time deposits.
b. demand deposits d. all of the above.




10. US M2 money includes:
a. currency, time deposits government bonds. c. checkable deposits, savings deposits, small time deposits.
b. savings deposits, small time deposits,  private bonds. d. retail money market mutual funds, small time deposits, government bonds.




11. Money is different from other assets like capital and bonds in that:
a. money does not pay interest. c. capital and bonds are better long term stores of value.
b. money can be spent for purchases. d. all of the above.




12. Money is different from other assets like capital and bonds in that:
a. money does not pay interest. c. money is a better long term store of value.
b. money has intrinsic value. d. all of the above.




13. Money is different from other assets like capital and bonds in that:
a. money pays a higher interest rate. c. money is a better long term store of value.
b. money can be spent for purchases. d. all of the above.




14. Money is different from other assets like capital and bonds in that:
a. money has intrinsic value. c. capital and bonds are better long term stores of value.
b. money pays a higher rate of interest. d. all of the above.




15. When households reduce their average  money balances, they
a. purchase more goods. c. incur more opportunity costs.
b. they earn less interest. d. incur more transaction costs.




16. If a person’s income doubles we expect their cash holding to:
a. double. c. less than double.
b. more than double. d. decline.




17. Economies of scale in cash management means:
a. at a higher income household’s hold more money as a proportion of their income. c. the proportion of income held is not affected by household income.
b. at lower incomes household’s hold more money as a proportion of their income d. at lower income households hold less money as a proportion of their income.




18. Real money demand does not change when:
a. nominal GDP changes. c. the price level changes.
b. the interest rate changes. d. all of the above.




19. Among the source of transactions costs associated with reducing average money balances are:
a. brokerage fees. c. the time spent going to the ATM.
b. the time spent going to the bank. d. all of the above.




20. Among the sources of transactions costs associated with reducing average money balances are:
a. brokerage fees. c. foregone  interest payments.
b. opportunity costs. d. all of the above.




21. Among the source of transactions costs associated with reducing average money balances are:
a. foregone interest payments. c. opportunity costs.
b. the time spent going to the bank or ATM. d. all of the above.




22. The demand for money is:
a. negatively related to the price level. c. positively related to real GDP.

b. positively related to the interest rate. d. all of the above.




23. The demand for money is:
a. negatively related to the price level. c. negatively related to real GDP.

b. negatively related to the interest rate. d. all of the above.




24. The demand for money is:
a. positively related to the price level. c. negatively related to real GDP.

b. positively related to the interest rate. d. all of the above.




25. The demand for money is:
a. positively related to the price level. c. positively related to real GDP.

b. negatively related to the interest rate. d. all of the above.




26. When the supply of money increases, then
a. the price level rises. c. money demand increases.
b. the price level falls. d. money demand decreases.




27. When the demand of money increases, then
a. the price level rises. c. the money supply increases.
b. the price level falls. d. the money supply decreases.




  Figure 10.1



28. In Figure 10.1,  if money demand decreases then:
a. the equilibrium price level rises. c. the money supply rises.
b. the equilibrium prices level falls. d. the money supply falls.




29. In Figure 10.1,  if the money supply decreases then:
a. the equilibrium price level rises. c. money demand increases.
b. the equilibrium price level falls. d. money demand decreases.




30. In Figure 10.1 if the interest rate, i, were to increase, then
a. money demand decreases and the price level increases. c. the money supply and the price level would increase.
b. money demand increases and the price level decreases. d. the money supply and the price level would decrease.




31. In Figure 10.1 if real GDP, Y, were to increase, then
a. money demand decreases and the price level increases. c. the money supply and the price level would increase.
b. money demand increases and the price level decreases. d. the money supply and the price level would decrease.




32. In Figure 10.1 the interaction of the money supply and money demand determines:
a. real GDP. c. growth rate of the economy.
b. the price level. d. all of the above.




33. In Figure 10.1 if money demand increases faster than the money supply then:
a. the price level will rise over time. c. GDP will rise over time.
b. the price level will fall over time. d. GDP will fall over time.




34. In Figure 10.1 if the money supply increases faster than money demand then:
a. the price level will rise over time. c. GDP will rise over time.
b. the price level will fall over time. d. GDP will fall over time.




35. In Figure 10.1,  if money demand increases then:
a. the equilibrium price level rises. c. the money supply rises.
b. the equilibrium price level falls. d. the money supply falls.




36. In Figure 10.1,  if the money supply increases then:
a. the equilibrium price level rises. c. the money supply rises.
b. the equilibrium price level falls. d. the money supply falls.




37. Real money demand is:
a. Md/P. c. the purchasing power of money balances.
b. a function of real GDP and the interest rate. d. all of the above.




38. Real money demand is:
a. money demand after taxes. c. determined by the central bank.
b. a function of real GDP and the interest rate. d. all of the above.




39. Real money demand is:
a. determined by the central bank. c. the purchasing power of money balances.
b. money demand after taxes. d. all of the above.




40. If the money supply doubles, then
a. real GDP doubles. c. the interest rate, i, doubles.
b. real money demand doubles. d. none of the above.




41. If the money supply doubles, then
a. GDP doubles. c. the interest rate, i, doubles.
b. the price level doubles. d. none of the above.




42. Under price level targeting the money supply becomes:
a. neutral. c. exogenous.
b. endogenous. d. predetermined.




43. During a recession,
a. the interest rate and real GDP fall tending to cause money demand to fall. c. the interest rate falls tending to cause money demand to rise, but is at least partly offset by real GDP falling tending to cause money demand to fall.
b. the interest rate and real GDP rise tending to cause money demand to rise. d. the interest rate rising and real GDP falling tend to cause money demand to rise.




44. If policy makers target a specific price level, then:
a. the money supply becomes exogenous in the model. c. the money supply become

ECO 410 Week 7 Quiz – Strayer

ECO 410 Week 7 Quiz – Strayer

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Quiz 6 Chapter 11 and 12

Translation Exposure

11.1   Overview of Translation

Multiple Choice

1) Translation exposure may also be called ________ exposure.
A) transaction
B) operating
C) accounting
D) currency





2) ________ exposure is the potential for an increase or decrease in the parent company's net worth and reported net income caused by a change in exchange rates since the last transaction.
A) Transaction
B) Operating
C) Currency
D) Translation





3) Translation exposure measures:
A) changes in the value of outstanding financial obligations incurred prior to a change in exchange rates.
B) the potential for an increase or decrease in the parent company's net worth and reported net income caused by a change in exchange rates since the last consolidation of international operations.
C) an unexpected change in exchange rates impact on short run expected cash flows.
D) none of the above






4) According to your authors, the main purpose of translation is:
A) to prepare consolidated financial statements.
B) to help management assess the performance of foreign subsidiaries.
C) to act as an interpreter for managers without foreign language skills.
D) none of the above




5) Historical exchange rates may be used for ________, while current exchange rates may be used for ________.
A) fixed assets and current assets; income and expense items
B) equity accounts and fixed assets; current assets and liabilities
C) current assets and liabilities; equity accounts and fixed assets
D) equity accounts and current liabilities; current assets and fixed assets





6) If an imbalance results from the accounting method used for translation, the imbalance is taken either to ________ or ________.
A) the bank; the post office
B) depreciation; the market for foreign exchange swaps
C) current income; equity reserves
D) current liabilities; equity reserves





7) Generally speaking, translation methods by country define the translation process as a function of what two factors?
A) size; location
B) a firm's functional currency; location
C) location; foreign subsidiary independence
D) foreign subsidiary independence; a firm's functional currency






8) A/An ________ subsidiary is one in which the firm operates as an extension of the parent company with cash flows highly interrelated with the parent.
A) self-sustaining foreign
B) integrated foreign entity
C) foreign
D) none of the above




9) Consider two different foreign subsidiaries of Georgia-Pacific Wood Products Inc. The first subsidiary mills trees in Canada and ships its entire product to the Georgia-Pacific U.S. The second subsidiary is also owned by the parent firm but is located in Japan and retails tropical hardwood furniture that it buys from many different sources. The first subsidiary is likely a/an ________ foreign entity with most of its cash flows in U.S. dollars, and the second subsidiary is more of a/an ________ foreign entity.
A) domestic; integrated
B) self-sustaining; domestic
C) integrated; self-sustaining
D) self-sustaining; integrated





10) A foreign subsidiary's ________ currency is the currency used in the firm's day-to-day operations.
A) local
B) integrated
C) notational dollar
D) functional





11) The ________ determines accounting policy for U.S. firms.
A) Securities and Exchange Commission (SEC)
B) Federal Reserve System (Fed)
C) Financial Accounting Standards Board (FASB)
D) General Agreement on Tariffs and Trade (GATT)





True/False

1) It is possible to use different exchange rates for different line items on a financial statement.





2) If the same exchange rate were used to remeasure every line on a financial statement, then there would be no imbalances from remeasuring.




3) A foreign subsidiary''s functional currency is the currency of the primary economic environment in which the subsidiary operates and in which it generates cash flows.





4) It is highly unusual for a multinational firm to have both integrated foreign entities AND self-sustaining foreign entities.





11.2   Translation Methods

Multiple Choice

1) The two basic methods for the translation of foreign subsidiary financial statements are the ________ method and the ________ method.
A) current rate; temporal
B) temporal; proper timing
C) current rate; future rate
D) none of the above






2) Gains or losses caused by translation adjustments when using the current rate method are reported separately on the:
A) consolidated statement of cash flow.
B) consolidated income statement.
C) consolidated balance sheet.
D) none of the above





3) The basic advantage of the ________ method of foreign currency translation is that foreign nonmonetary assets are carried at their original cost in the parent's consolidated statement while the most important advantage of the ________ method is that the gain or loss from translation does not pass through the income statement.
A) monetary; current rate
B) temporal; current rate
C) temporal; monetary
D) current rate; temporal




4) Under the U.S. method of translation procedures, if the financial statements of the foreign subsidiary of a U.S. company are maintained in U.S. dollars:
A) translation is accomplished through the current rate method.
B) translation is accomplished through the temporal method.
C) translation is not required.
D) the translation method to be used is not obvious.





5) Under the U.S. method of translation procedures, if the financial statements of the foreign subsidiary of a U.S. company are maintained in the local currency, and the local currency is the functional currency, then:
A) the translation method to be used is not obvious.
B) translation is accomplished through the temporal method.
C) translation is not required.
D) translation is accomplished through the current rate method.





6) Under the U.S. method of translation procedures, if the financial statements of the foreign subsidiary of a U.S. company are maintained in the local currency, and the U.S. dollar is the functional currency, then:
A) translation is not required.
B) translation is accomplished through the current rate method.
C) translation is accomplished through the temporal method.
D) none of the above





7) If the European subsidiary of a U.S. firm has net exposed assets of €750,000, and the euro drops in value from $1.30/euro to $1.20/€ the U.S. firm has a translation:
A) gain of $75,000.
B) loss of $75,000.
C) gain of $625,000.
D) loss of €576,923.




8) If the European subsidiary of a U.S. firm has net exposed assets of €200,000, and the euro increases in value from $1.22/€ to $1.26/€ the U.S. firm has a translation:
A) gain of $8,000.
B) loss of $8,000.
C) gain of $252,000.
D) loss of €252,000.





9) If the British subsidiary of a European firm has net exposed assets of £125,000, and the pound increases in value from €1.40/£ to €1.44/£, the European firm has a translation:
A) gain of €5,000.
B) loss of €5,000.
C) gain of £5,000.
D) loss of £5,000.






10) If the British subsidiary of a European firm has net exposed assets of £250,000, and the pound drops in value from €1.35/£ to €1.30/£, the European firm has a translation:
A) gain of €12,500.
B) loss of €12,500.
C) loss of £12,500.
D) gain of £12,500.





True/False

1) Exchange rate imbalances that are passed through the balance sheet affect a firm's reported income, but imbalances transferred to the income statement do not.





2) The current rate method is the most prevalent method today for the translation of financial statements.




3) The temporal rate method is the most prevalent method today for the translation of financial statements.





4) The biggest advantage of the current rate method of reporting translation adjustments is the fact that the gain or loss goes directly to the reserve account on the consolidated balance sheet and does not pass through the consolidated income statement.






5) Under the temporal rate method, specific assets and liabilities are translated at exchange rates consistent with the timing of the item's creation.





6) The temporal method of foreign currency translation gains or losses resulting from remeasurement are carried directly to current consolidated income and thus introduces volatility to consolidated earnings.





7) : The current rate method and the temporal method are two basic methods for translation that are employed worldwide





Essay

1) The two methods for the translation of foreign subsidiary financial statements are the current rate and temporal methods. Briefly, describe how each of these methods translates the foreign subsidiary financial statements into the parent company's consolidated statements. Identify when each technique should be used and the major advantage(s) of each.



11.3   U.S. Translation Procedures

Multiple Choice

1) Under U.S. accounting and translation practices, use of the current rate method is termed ________ while use of the temporal method is termed ________.
A) translation; the same
B) translation; remeasurement
C) remeasurement; the same
D) remeasurement; translation





2) Which of the following primary principles of U.S. translation procedures in NOT true?
A) If the financial statements of the foreign subsidiary of a U.S. company are maintained in U.S. dollars, translation is not required.
B) If the financial statements of the foreign subsidiary are maintained in the local currency and the local currency is the functional currency, they are translated by the temporal method.
C) If the financial statements of the foreign subsidiary are maintained in the local currency and the U.S. dollar is the functional currency, they are remeasured by the temporal method.
D) All of the above are true.





True/False

ECO 305 Week 7 Quiz – Strayer

ECO 305 Week 7 Quiz – Strayer

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Quiz 6 Chapter 9

INTERNATIONAL FACTOR MOVEMENTS AND MULTINATIONAL ENTERPRISES

MULTIPLE CHOICE

1. "Risk spreading" is a motive most likely to be served when firms undergo:
a. Horizontal integration
b. Vertical integration
c. Conglomerate integration
d. None of the above




2. The source (home) location of most of the world's leading multinational enterprises is:
a. North America and Europe
b. North America and Asia
c. Europe and South America
d. Europe and Asia




3. Which type of multinational diversification occurs when the parent firm establishes foreign subsidiaries to produce intermediate goods going into the production of finished goods?
a. Forward vertical integration
b. Backward vertical integration
c. Forward horizontal integration
d. Backward horizontal integration




4. Suppose that an American automobile manufacturer establishes foreign subsidiaries to market the automobiles. This practice is referred to as:
a. Forward vertical integration
b. Forward conglomerate integration
c. Backward vertical integration
d. Backward conglomerate integration




5. Suppose that a steel manufacturer headquartered in Japan sets up a subsidiary in Canada to produce steel. This practice is referred to as:
a. Conglomerate integration
b. Forward vertical integration
c. Backward vertical integration
d. Horizontal integration




6. During the 1970s, American oil companies acquired nonenergy companies (e.g., copper, auto components) in response to anticipated decreases in investment opportunities in oil. This type of diversification is referred to as:
a. Horizontal integration
b. Conglomerate integration
c. Forward vertical integration
d. Backward vertical integration




7. Which of the following best refers to the outright construction or purchase abroad of productive facilities, such as manufacturing plants, by domestic residents?
a. Direct investment
b. Portfolio investment
c. Short-term capital investment
d. Long-term capital investment




8. In recent years, the largest amount of U.S. direct investment abroad has occurred in:
a. Central America
b. South America
c. Europe
d. Japan




9. In recent years, most foreign direct investment in the United States has come from:
a. Western Europe
b. Central America
c. South America
d. Asia




10. Most U.S. direct investment abroad occurs in:
a. Communications
b. Petroleum
c. Finance and insurance
d. Manufacturing




11. Most foreign direct investment in the United States occurs in:
a. Public utilities
b. Communications
c. Manufacturing
d. Mining and smelting




12. Which of the following is not a significant motive for the formation of multinational enterprises?
a. Avoiding tariffs by obtaining foreign manufacturing facilities
b. Obtaining the benefits from overseas comparative advantages
c. The acquisition of natural resource supply sources
d. Subsidies granted by the home government to overseas corporations




13. Suppose General Motors charges its Mexican subsidiary $1 million for auto assembly equipment that could be purchased on the open market for $800,000. This practice is best referred to as:
a. International dumping
b. Cost-plus pricing
c. Transfer pricing
d. Technological transfer




14. Multinational enterprises may provide benefits to their source (home) countries because they may:
a. Secure raw materials for the source country
b. Shift source country technology overseas via licensing
c. Export products which reflect source-country comparative disadvantage
d. Result in lower wages for source-country workers




15. Trade analysis involving multinational enterprises differs from our conventional trade analysis in that multinational enterprise analysis emphasizes:
a. Absolute cost differentials rather than comparative cost differentials
b. The international movement of factor inputs rather than finished goods
c. Purely competitive markets rather than imperfectly competitive markets
d. Portfolio investments rather than direct foreign investments




16. Direct foreign investment has taken all of the following forms except:
a. Investors buying bonds of an existing firm overseas
b. The creation of a wholly owned business enterprise overseas
c. The takeover of an existing company overseas
d. The construction of a manufacturing plant overseas




17. Which of the following would best explain why foreign direct investment might be attracted to the United States?
a. U.S. price ceilings that hold down the price of energy
b. U.S. wage rates exceeding the productivity of U.S. labor
c. Artificially high prices being charged for the stock of U.S. firms
d. Anticipations of future reductions in U.S. tariff levels




18. Both Coca-Cola Co. and Pepsi-Cola Co. are multinational firms in that their soft drinks are bottled throughout the world. This practice illustrates:
a. Backward vertical integration
b. Forward vertical integration
c. Horizontal integration
d. Conglomerate integration




19. The market power effect of an international joint venture can lead to welfare losses for the domestic economy unless offset by cost reductions. Which type of cost reduction would not lead to offsetting welfare gains for the overall economy?
a. R&D generating improved technology
b. Development of more productive machinery
c. New work rules promoting worker efficiency
d. Lower wages extracted from workers




20. All of the following are potential advantages of an international joint venture except:
a. Sharing research and development costs among corporations
b. Forestalling protectionism against imports
c. Establishing work rules promoting higher labor productivity
d. Operating at diseconomy-of-scale output levels




21. Which term best describes the New United Motor Manufacturing Co.?
a. Multinational enterprise
b. International joint venture
c. Multilateral contract
d. International commodity agreement




22. Multinational enterprises:
a. Increase the transfer of technology between nations
b. Make it harder for nations to foster activities of comparative advantage
c. Always enjoy political harmony in nations where their subsidiaries operate
d. Require governmental subsidies in order to conduct worldwide operations




23. Firms undertake multinational operations in order to:
a. Hire low-wage workers
b. Manufacture in nations they have difficulty exporting to
c. Obtain necessary factor inputs
d. All of the above




24. Multinational enterprises face problems since they:
a. Cannot benefit from the advantages of comparative advantage
b. May raise political problems in countries where their subsidiaries operate
c. Can invest only at home, but not overseas
d. Can invest only overseas, but not at home




25. American labor unions have recently maintained that U.S. multinational enterprises have been:
a. Exporting American jobs by investing overseas
b. Exporting American jobs by keeping investment in the United States
c. Importing cheap foreign workers by shifting U.S. investment overseas
d. Importing cheap foreign workers by keeping U.S. investment at home




26. American labor unions accuse U.S. multinational firms of all of the following except: that such firms
a. Enjoy unfair advantages in taxation
b. Export jobs by shifting technology overseas
c. Export jobs by shifting investment overseas
d. Operate at output levels where scale economies occur




27. Which of the following refers to the price charged for products sold to a subsidiary of a multinational enterprise by another subsidiary in another nation?
a. Transfer pricing
b. International dumping
c. Price discrimination
d. Full-cost pricing




28. Which business device involves the creation of a new business by two or more companies, often for a limited period of time?
a. Multinational enterprise
b. International joint venture
c. Horizontal merger
d. Vertical merger




29. International joint ventures can lead to welfare losses when the newly established firm:
a. Adds to the preexistent productive capacity
b. Enters markets neither parent could have entered individually
c. Yields cost reductions unavailable to parent firms
d. Gives rise to increased amounts of market power




30. Multinational enterprises:
a. Always produce primary goods
b. Always produce manufactured goods
c. Produce primary goods or manufactured goods
d. None of the above




Figure 9.1 illustrates the market conditions facing Sony Company and American Company initially operating as competitors in the domestic ball bearing market. Each firm realizes constant long-run costs, MC0=AC0.

Figure 9.1. International Joint Venture



31. Consider Figure 9.1. With Sony Company and American Company behaving as competitors, the equilibrium price and output respectively equal:
a. $4 and 2 units
b. $4 and 4 units
c. $6 and 2 units
d. $6 and 4 units




32. Consider Figure 9.1. At the equilibrium price, domestic households attain ____ of consumer surplus:
a. $4
b. $8
c. $12
d. $16




33. Consider Figure 9.1. Suppose that Sony Company and American Company jointly form a new firm, Venture Company, whose ball bearings replace the output sold by the parents in the domestic market. Assuming that Venture Company operates as a monopoly and that its costs equal MC0=AC0, the firm's price, output, and total profit would respectively equal:
a. $6, 2 units, $4
b. $4, 2 units, $2
c. $6, 4 units, $4
d. $4, 4 units, $2




34. Consider Figure 9.1. Compared to the market equilibrium position achieved by Sony Company and American Company as competitors, Venture Company as a monopoly leads to a deadweight loss of consumer surplus of:
a. $2
b. $4
c. $6
d. $8

BUS 325 Week 7 Quiz – Strayer

BUS 325 Week 7 Quiz – Strayer

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Quiz 6 Chapter 6:

International Performance Management

TRUE/FALSE

1. A multinational is a single entity that faces a global environment.



2. Developments in sophisticated worldwide communications system provide an acceptable substitute for “face to face” contacts between subsidiary managers and corporate staff.



3. The way we measure workers’ productivity is exactly the same in an international setting, but the numbers come out differently because of that environmental difference.



4. If perceived financial benefits and career progression are not met during an assignment, the level of motivation and commitment will decrease thus affecting performance.




5. American work methods may be more structured than their foreign counterparts and that individuals have less discretion in how they approach tasks and problems.




6. Role expectations are likely to be less complex for the TCN than the PCN.




7. Often the country assigned to a TCN is perceived by headquarters to be culturally close.




8. Expatriate performance should be placed within its international as well as organizational context.




9. Performance management is a part of a multinational’s control system.



10. The expatriate’s commitment to the parent and to the local operations was both positively related to the intent to stay.




11. One key function of performance appraisal feedback is that it provides opportunities to improve performance by identifying gaps that might be eliminated by training and development.




12. The international business traveler can be described as an expatriate.




13. The two categories of international staff are expatriate and commuter.



14. The nature of the international monetary system and local accounting differences may preclude an accurate measurement of goal attainment results.



15. A team of evaluators should be used for performance appraisal of an expatriate.



16. The standardized performance forms in an organization are always reworked to reflect differences in the expatriates’ situation in a foreign country.



17. Regular feedback is an important aspect in terms of meeting targets and revising goals as well as assisting in motivation of work effort.



18. Virtual assignments rarely if ever have performance appraisals.



19. Formal performance appraisal is commonly on a biannual basis.



20. A Japanese manager cannot directly point out a work-related problem or error committed by a subordinate.



MULTIPLE CHOICE

1. Performance management:
a. Is a process that enables the MNE to evaluate and continuously improve individual, subsidiary unit and corporate performance against set goals and targets
b. Is  the evaluation of an employee performance and a vehicle to set performance goals
c. Is the process of evaluating business opportunities and planning for new investments
d. Is the process of setting goals for future performance by MHE employees



2. The turbulence of the global environment requires that long-term goals be
a. Inflexible to major environment events
b. Realistic and in line with corporate goals
c. Ambitious to meet the growing needs of the organization
d. Flexible to respond to market contingencies




3. Market development in foreign subsidiaries is generally slower and more difficult to achieve without:
a. Supporting infrastructure of the parent c. Expatriates from the parent organization
b. Formal control mechanism d. Cross-culture training




4. The impact of the following variables and their interrelationship needs to be considered in determining the expatriate performance EXCEPT:
a. Compensation package
b. The nature of the task
c. Environment in which the performance occurs
d. Interpersonal relationship with key official





5. The employee who oversees and directs the entire foreign operations is:
a. Expatriate c. HR manager
b. Structure reproducer d. Chief executive officer




6. An operative:
a. Is a subsidiary manager
b. Reproduces a foreign subsidiary structure
c. Is an individual sent to a subsidiary to solve a particular problem
d. Is an individual whose assignment is to perform functional job task




7. What is a strategic international assignment?
a. A short-term knowledge transferor activity
b. High profile activities that focus on developing a balanced global perspective for the employee
c. Assignment that involves the two-way transfer of existing processes and practices
d. Assignment that focuses on in-country performances and the acquisition of local understanding




8. If the PCN is perceived to identify too closely with the host subsidiary concerns:
a. The employee is perceived to be “going native”
b. The employee is sent on vacation
c. The employee is removed from the subsidiary
d. The employee is considered to be doing his or her job





9. Individuals are likely to blame lack of job discretion on the following:
a. The culture, role, and organization
b. The organization, the job and the location
c. The job, location and culture differences
d. Culture, the job and the Chief Executive Officer





10. What can be described as the strongest stressors in expatriate “overseas” work environment?
a. Uncertainty regarding culture differences and language
b. Uncertainty regarding objectives, goals and role requirements
c. Uncertainty regarding job retention
d. Uncertainty of who to report to and who is in the line of command





11. A USA manager of German nationality working for a Dutch multinational company is assigned to a position in Indonesia. Which country is considered the host country?
a. USA c. Germany
b. Dutch d. Indonesia





12. The transfer of the individual and accompanying family member into a foreign environment outside of their normal cultural comfort zones is the definition of:
a. Domestic relocation c. Expatriate assignment
b. International traveler d. Commuter





13. What are the five major constraints in terms of multinational strategy and goal setting?
a. Differing societal, legal, economic,  technical and physical demands
b. Differing societal, cultural, economic , technical and physical demands
c. Differing societal, legal, administrative, economic and physical demands
d. Differing legal, strategic, administrative, economic and physical demands





14. What are the five variables affecting expatriate performance?
a. Compensation  package, task, HQ support, host environment and culture adjustment
b. Legal, economic, culture adjustment, physical and task
c. Technical, societal, compensations, HQ support and host environment
d. Compensation, task, cultural environment, HQ support and legal





15. All of the following are a constraint of goal attainment for the multinational enterprise EXCEPT:
a. Volatility of global environment c. Separation of time and distant
b. Cross-cultural demands d. Non-comparable data




16. Which country tends to have administrators with a high level of legal expertise?
a. Sweden c. France
b. Germany d. UK





17. Which country has a strong tradition of collective bargaining?
a. Danish c. Japan
b. USA d. Germany





18. Which country tends to focus on linking performance management result to long-term training and development activities?
a. USA c. Germany
b. France d. Australia





19. Two countries in which it is common for employees to have input into job goal setting is:
a. USA and Mexico c. Canada and Australia
b. Germany and Sweden d. Japan and Sweden




20. An appraisal system which builds upon the strengths while minimizing their disadvantages uses all of the following criteria:
a. Hard , soft  and contextual goals
b. Financial, corporate and cross-cultural goals
c. Interpersonal , financial  and cultural goals
d. Hard goals, cultural and corporate goals




21. What tool assists an organization in collecting accurate performance data and allows for cross-employee comparisons?
a. Local implicit norms c. Local performance diaries
b. Standardized appraisal forms d. Standardized performance goals




22. What is the normal frequency of formal performance appraisal for an expatriate?
a. 6 months c. 18 months
b. 1 year d. 2 years




23. In which country do managers find it difficult to directly point out a work-related problem or error by a subordinate?
a. USA c. Japan
b. China d. Indonesia




24. The dilemma of cultural adaptation of a performance evaluation could be overcome by:
a. The host-country national assisting in devising a suitable system for appraisal
b. Parent company not evaluating the employees
c. TCN developing the performance appraisal system
d. Offshoring the performance evaluation




25. The term “whole verses part” refers to:
a. The idea that a global performance is too complex to be captured by a single performance management system
b. The idea that less than excellent performance outcomes in a given local unit may be acceptable if that unit’s presence in a location contributes to the greater strategic good
c. The idea that you can best capture performance management by adding up the sum of all the individual performance outcomes in the various units or parts of the MNE.
d. The idea that corporate headquarters’ executive can accurately assess the parts (local units) of performance far more accurately than the whole or overall firm performance




26. Web-based platforms of human resource information system that include performance management modules:
a. Create more performance management problems than they solve
b. May be seen as eliminating the separations of time, distance and culture experienced by multinational firms
c. May be seen as a response to the separations of time, distance and culture experienced by multinational firms
d. May be seen as increasing and making more obvious the