Mastering International Business and Trade
Revision of 20% and 80% Effectuated on 2025 (Series of 2025)
15 Test Questions [Duo (2.0) points each] = Total: 30 Points
Set 4 Jump
Instructions: Select the best answer for each question by carefully reading both the question
and all answer choices before marking your response. (The answer key is provided below.)
1. The producers decide to host a global fan festival in Manila, attracting fans from over
30 countries. Planning flights, visas, and accommodation for such an event falls under:
B) International event logistics and global operations management
L) Domestic HR planning without cross-border considerations
I) Cultural adaptation for a single-country audience
N) Supply chain management for physical products only
K) Avoidance of international audiences to reduce costs
2. A Japanese broadcaster wants to air Sang’gre 2025, but requests joint branding with
their own network logo and local fantasy lore references. This represents:
B) Global product standardization
L) Co-branding and localized adaptation for market-specific identity
I) Licensing without brand integration
N) Avoidance of shared marketing
K) Complete detachment from host-country cultural context
3. A Canadian distributor licenses the show, but only if exclusive Canadian holiday
specials are produced. This type of agreement is:
B) Full standardization of the product
L) Export-only strategy with no local adaptation
I) Licensing with localized content creation rights for the distributor
N) Joint venture with equal ownership
K) Countertrade with creative content
4. The European Union imposes stricter media regulations on imported fantasy shows,
requiring explicit disclaimers for fictional violence. The producers must comply to
continue airing. This is:
B) Ignoring regulations to avoid delays
L) Cultural adaptation only through voluntary efforts
I) Currency hedging to manage risk
N) Adapting operations to meet host-country legal and political requirements
K) Outsourcing compliance entirely to local firms without oversight
, 5. A toy company in the U.S. signs a deal to make Encantadia action figures, but only if
they have exclusive global manufacturing rights. This is:
B) Exporting physical toys from the home country only
L) Joint venture with equal decision-making
I) Management contract for toy production
N) Wholly owned foreign subsidiary operation
K) Exclusive licensing agreement granting sole production rights worldwide
6. The Philippine team develops an in-house translation unit to handle multiple
languages for global release instead of outsourcing. This decision is:
B) Internalizing global operations to maintain quality control and reduce dependency on
foreign providers
L) Outsourcing to maximize external expertise in language services
I) Avoiding localization altogether
N) Focusing only on home-market language needs
K) Using volunteer translations from fans
7. An Australian journalist agrees to show the series only if it includes indigenous
cultural nods relevant to their audience. This marketing approach is:
B) Maintaining strict content uniformity
L) Localizing content to integrate host-country cultural elements
I) Limiting adaptation to subtitles only
N) Exporting with no cultural changes
K) Selling only merchandise instead of media content
8. A Middle Eastern channel buys the rights to air the series but edits out all magical
content to comply with cultural norms. This is:
B) Complete standardization
L) Exporting only raw footage
I) Licensing with full adaptation rights for cultural compliance
N) Creating a joint venture
K) Countertrade for broadcasting slots
9. GMA Network negotiates lower import tariffs on merchandise shipments to the EU
by leveraging trade agreements. This is:
B) Avoiding trade negotiations entirely
L) Standardized pricing to absorb tariff costs
I) Ignoring tariff implications for profitability
Revision of 20% and 80% Effectuated on 2025 (Series of 2025)
15 Test Questions [Duo (2.0) points each] = Total: 30 Points
Set 4 Jump
Instructions: Select the best answer for each question by carefully reading both the question
and all answer choices before marking your response. (The answer key is provided below.)
1. The producers decide to host a global fan festival in Manila, attracting fans from over
30 countries. Planning flights, visas, and accommodation for such an event falls under:
B) International event logistics and global operations management
L) Domestic HR planning without cross-border considerations
I) Cultural adaptation for a single-country audience
N) Supply chain management for physical products only
K) Avoidance of international audiences to reduce costs
2. A Japanese broadcaster wants to air Sang’gre 2025, but requests joint branding with
their own network logo and local fantasy lore references. This represents:
B) Global product standardization
L) Co-branding and localized adaptation for market-specific identity
I) Licensing without brand integration
N) Avoidance of shared marketing
K) Complete detachment from host-country cultural context
3. A Canadian distributor licenses the show, but only if exclusive Canadian holiday
specials are produced. This type of agreement is:
B) Full standardization of the product
L) Export-only strategy with no local adaptation
I) Licensing with localized content creation rights for the distributor
N) Joint venture with equal ownership
K) Countertrade with creative content
4. The European Union imposes stricter media regulations on imported fantasy shows,
requiring explicit disclaimers for fictional violence. The producers must comply to
continue airing. This is:
B) Ignoring regulations to avoid delays
L) Cultural adaptation only through voluntary efforts
I) Currency hedging to manage risk
N) Adapting operations to meet host-country legal and political requirements
K) Outsourcing compliance entirely to local firms without oversight
, 5. A toy company in the U.S. signs a deal to make Encantadia action figures, but only if
they have exclusive global manufacturing rights. This is:
B) Exporting physical toys from the home country only
L) Joint venture with equal decision-making
I) Management contract for toy production
N) Wholly owned foreign subsidiary operation
K) Exclusive licensing agreement granting sole production rights worldwide
6. The Philippine team develops an in-house translation unit to handle multiple
languages for global release instead of outsourcing. This decision is:
B) Internalizing global operations to maintain quality control and reduce dependency on
foreign providers
L) Outsourcing to maximize external expertise in language services
I) Avoiding localization altogether
N) Focusing only on home-market language needs
K) Using volunteer translations from fans
7. An Australian journalist agrees to show the series only if it includes indigenous
cultural nods relevant to their audience. This marketing approach is:
B) Maintaining strict content uniformity
L) Localizing content to integrate host-country cultural elements
I) Limiting adaptation to subtitles only
N) Exporting with no cultural changes
K) Selling only merchandise instead of media content
8. A Middle Eastern channel buys the rights to air the series but edits out all magical
content to comply with cultural norms. This is:
B) Complete standardization
L) Exporting only raw footage
I) Licensing with full adaptation rights for cultural compliance
N) Creating a joint venture
K) Countertrade for broadcasting slots
9. GMA Network negotiates lower import tariffs on merchandise shipments to the EU
by leveraging trade agreements. This is:
B) Avoiding trade negotiations entirely
L) Standardized pricing to absorb tariff costs
I) Ignoring tariff implications for profitability
