1
MGMT 4660 - International Management TEST 2
Questions with Correct Answers | Updated (100%
Correct Answers)
advertising Answer: Paid, nonpersonal presentation of ideas, goods, or services
by an identified sponsor.
affiliates Answer: Companies controlled by other companies, but less-than-
majority owners may exercise control by a variety of means, both those involving
stock ownership and those involving nonownership mechanisms.
allowances Answer: Employee compensation payments added to base salaries of
expatriates because of higher expenses encountered when living abroad.
backward vertical integration Answer: An arrangement in which facilities are
established to manufacture inputs used in the production of a firm's final
products.
balanced scorecard Answer: A performance measurement approach integrating
strategic planning and budgeting to track progress across financial, customer,
internal processes, and learning and growth dimensions.
big data Answer: The massive sets of data, both structured and unstructured,
that businesses are collecting, which can be analyzed with advanced data analysis
methods such as predictive analytics or user behavior analytics to provide
valuable insights into consumer needs and trends.
biomass Answer: A category of fuels whose energy source is photosynthesis,
through which plants transform the sun's energy into chemical energy.
© 2026 All rights reserved
,2
blue ocean strategy Answer: A business approach that involves creating new and
uncontested market space by offering innovative products or services with
unique value propositions, thus making competition irrelevant.
bonuses Answer: Expatriate employee compensation payments in addition to
base salaries and allowances because of hardship, inconvenience, or danger.
bottleneck Answer: Operation in a manufacturing system whose output sets the
limit for the entire system's output.
bottom-up planning Answer: Planning process that begins at the lowest level in
the organization and continues upward.
brain drain Answer: The loss by a country of its most intelligent and best-
educated people.
budget Answer: An itemized projection of revenues and expenses for a future
time period.
Carbon Disclosure Project (CDP) Answer: Organization that provides reporting
frameworks for greenhouse gas emissions and water use.
carbon footprint Answer: A measure of the volume of greenhouse gas emissions
caused by a product's manufacture and use.
Centralization Answer: Concentrating decision-making authority and power
within the top levels of an organization, typically at the headquarters or upper
management levels.
© 2026 All rights reserved
, 3
climate Answer: Meteorological conditions, including temperature, precipitation,
and wind that prevail in a region.
cluster analysis Answer: Statistical technique that divides objects into groups
based on similarity.
collective bargaining Answer: The process in which a union represents the
interests of workers bargaining in negotiations with management.
compensation packages Answer: For expatriate employees, packages that can
incorporate many types of payments or reimbursements and must take into
consideration exchange rates and inflation.
competitive advantage Answer: The ability of a company to achieve and
maintain a unique and valuable competitive position both within a nation and
globally, generating higher rates of profit than its competitors.
competitive strategies Answer: Action plans to enable organizations to reach
their objectives.
concentrating solar thermal power (CSP) Answer: A system using mirrors or
lenses to collect sunlight for heating water that powers an electrical generator.
contingency plans Answer: Plans for the best- or worst-case scenarios or for
critical events that could have a severe impact on the firm.
contracted manufacturing Answer: An arrangement in which one firm contracts
with another to produce products to its specifications.
© 2026 All rights reserved
MGMT 4660 - International Management TEST 2
Questions with Correct Answers | Updated (100%
Correct Answers)
advertising Answer: Paid, nonpersonal presentation of ideas, goods, or services
by an identified sponsor.
affiliates Answer: Companies controlled by other companies, but less-than-
majority owners may exercise control by a variety of means, both those involving
stock ownership and those involving nonownership mechanisms.
allowances Answer: Employee compensation payments added to base salaries of
expatriates because of higher expenses encountered when living abroad.
backward vertical integration Answer: An arrangement in which facilities are
established to manufacture inputs used in the production of a firm's final
products.
balanced scorecard Answer: A performance measurement approach integrating
strategic planning and budgeting to track progress across financial, customer,
internal processes, and learning and growth dimensions.
big data Answer: The massive sets of data, both structured and unstructured,
that businesses are collecting, which can be analyzed with advanced data analysis
methods such as predictive analytics or user behavior analytics to provide
valuable insights into consumer needs and trends.
biomass Answer: A category of fuels whose energy source is photosynthesis,
through which plants transform the sun's energy into chemical energy.
© 2026 All rights reserved
,2
blue ocean strategy Answer: A business approach that involves creating new and
uncontested market space by offering innovative products or services with
unique value propositions, thus making competition irrelevant.
bonuses Answer: Expatriate employee compensation payments in addition to
base salaries and allowances because of hardship, inconvenience, or danger.
bottleneck Answer: Operation in a manufacturing system whose output sets the
limit for the entire system's output.
bottom-up planning Answer: Planning process that begins at the lowest level in
the organization and continues upward.
brain drain Answer: The loss by a country of its most intelligent and best-
educated people.
budget Answer: An itemized projection of revenues and expenses for a future
time period.
Carbon Disclosure Project (CDP) Answer: Organization that provides reporting
frameworks for greenhouse gas emissions and water use.
carbon footprint Answer: A measure of the volume of greenhouse gas emissions
caused by a product's manufacture and use.
Centralization Answer: Concentrating decision-making authority and power
within the top levels of an organization, typically at the headquarters or upper
management levels.
© 2026 All rights reserved
, 3
climate Answer: Meteorological conditions, including temperature, precipitation,
and wind that prevail in a region.
cluster analysis Answer: Statistical technique that divides objects into groups
based on similarity.
collective bargaining Answer: The process in which a union represents the
interests of workers bargaining in negotiations with management.
compensation packages Answer: For expatriate employees, packages that can
incorporate many types of payments or reimbursements and must take into
consideration exchange rates and inflation.
competitive advantage Answer: The ability of a company to achieve and
maintain a unique and valuable competitive position both within a nation and
globally, generating higher rates of profit than its competitors.
competitive strategies Answer: Action plans to enable organizations to reach
their objectives.
concentrating solar thermal power (CSP) Answer: A system using mirrors or
lenses to collect sunlight for heating water that powers an electrical generator.
contingency plans Answer: Plans for the best- or worst-case scenarios or for
critical events that could have a severe impact on the firm.
contracted manufacturing Answer: An arrangement in which one firm contracts
with another to produce products to its specifications.
© 2026 All rights reserved
