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Lu :
- Bao gm 4 phn, vi 61 cu hi trc nghim
- c k yu cu la chn ca tng cu.
-nh k hiu (X) vo cui mi p n m cc bn cho l ng.

PHN 1:
1. In which stage of the product life cycle should product strategy focus on process
modifications? a. introduction
b. growth
c. maturity
d. decline
2. Which of the following would likely cause a change in market opportunities based upon
levels of income and wealth?
a. economic change
b. technological change
c. political change
d. legal change
3. A product's life cycle is divided into four stages, which are
a. introduction, growth, saturation, and maturity
b. introduction, growth, stability, and decline
c. introduction, maturity, saturation, and decline
d. introduction, growth, maturity, and decline
4. In which stage of the product life cycle should product strategy focus on forecasting
capacity requirements? a. introduction
b. growth
c. maturity
d. decline
5. Which of the following helps operations managers direct their efforts toward those items
that show the greatest promise?
a. value engineering
b. financial analysis
c. product cost justification
d. product-by-value analysis
6. In which stage of the product life cycle should product strategy focus on improved cost
control? a. introduction
b. growth
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c. maturity
d. decline
7. Among the elements that make products more friendly to the environment are
a. using less materials
b. more recycled materials
c. using less energy
d. ability to recycle product
e. all of the above
8. Value analysis takes place
a. when the product is selected and designed
b. during the initial stages of production when something needs to be done to assure
product success c. when the product is first conceived
d. during the production process when it is clear the new product is a success
9. The dimensions, tolerances, materials, and finishes of a component are typically shown on
a(n) a. assembly chart
b. engineering drawing
c. bill of material
d. assembly drawing
e. route sheet
10. Which of the following does not result from the effective use of group technology?
a. reduced tooling setup time
b. simplified training
c. reduced raw materials and purchases
d. improved layout, routing, and machine loading
11. Which of the following typically shows the components, their description, and the quantity
of each required to make one unit of a product? a. an engineering drawing
b. an assembly drawing
c. a bill of material
d. an assembly chart
12. Which of the following is documented on a bill of materials?
a. the tolerances for each component
b. the cost of the product
c. the components, their description, and the quantity of each required to make one unit
of a product
d. the existing inventory level for the product
13. Group technology requires that
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a. each component be identified by a coding scheme that specifies the type of
processing and the parameters of the processing
b. a specific series of engineering drawings be prepared
c. all bill of material be prepared using the same format
d. the final products be standardized
14. The list of food items that your restaurant customers want the kitchen to prepare is an
example of a. an assembly chart
b. a route sheet
c. a bill of materials
d. a work order
15. The work order
a. shows, in schematic form, how the product is assembled
b. lists the operations, including assembly and inspection, necessary to produce the
component with the material specified in the bill of material
c. provides detailed instructions on how to perform a given task
d. gives the instruction to make a given quantity of a particular item, usually to a given
schedule
16. Which of the following scenarios illustrates a moment that exceeds the customer's
expectations?
a. an express mail service that guarantees overnight delivery
b. a flight attendant that responds shortly after being called
c. a hairdresser that cuts your hair at the right length
d. a professor that contacts people in several companies to find you a job
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PHN 2:
C7_1: The Irawash Co. of Canada has set up a website to sell products to US consumers. Prices
are listed in US dollars but all their costs are in Canadian dollars. Which of the following is a
major risk faced by the company?
An American boycott.
Investment risk.
Exchange rate risk.
All of the above.

C7_2: Which of the following is an example of foreign exchange?
Exchange of bank deposits.
Exchange of claims denominated in another currency.
Exchange of cash issued by a foreign central bank.
All of the above.

C7_3: US firms often find that borrowing from foreign markets:
is about the same as borrowing domestically.
is more expensive.
is less expensive.
is disadvantageous because the exchange rate risk increases the cost of borrowing.

C7_4: If Euros are quoted at price $1.2055 in Citibank in New York, this means that:
this is the price used by the Central Bank.
every other bank is quoting the same price.
large banks will quote their own rate while small banks will follow the lead of Citibank.
most banks will probably be in that range.

C7_5: Which of the following are usual suppliers of Euros?
US foreign investors remitting profits.
European direct investors.
US exporters.
All of the above.

C7_6: The vast majority of large-scale foreign exchange transactions in the US are:
done through Interbank.
done through Morgan-Chase and Deutsche Bank of America.
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done through the Chicago Mercantile Exchange
done through foreign exchange brokers.

C7_7: If a company contracts today for some future date of actual currency exchange, they will
be making use of a:
stock rate.
variable rate.
futures rate.
forward rate.

C7_8: Which of the following might affect the cost of a trip to Japan by a resident of Britain?
The depreciation of the US dollar.
The depreciation of the Euro.
The time at which the British resident purchases Yen.
All of the above.

C7_9: A company that functions to unite sellers and buyers of foreign currency-denominated
bank deposits is called:
a wholesaler.
an investor.
a broker.
a bank.

C7_10: _____________ contracts are more widely accessible to firms and individuals than
____________ contracts.
Forward; arbitrageur
Forward; futures
Arbitrageur; forward
Futures; forward

C7_11: If the euro dollar deposit rate is 3% per year and the euro-euro rate is 6% per year, by
how much will the euro be expected to devalue in the coming year?
0.3%
2.9%
2.0%
3.0%
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C7_12: According to which theory will differences in nominal interest rates be eliminated in the
exchange rate?
The Fisher effect.
The PPP.
The combined equilibrium theory.
The Leontief paradox.

C7_13: If inflation goes up in the US relative to other countries, it is expected that the price of
the US dollar will:
may increase or decrease.
remain the same.
fall.
increase.

C7_14: Which of the following is an exchange risk management technique through which the
firm contracts with a third party to pass exchange risk onto that party, via instruments such as
forward contracts, futures, and options?
Risk transfer.
Risk adaptation.
Risk avoidance.
Diversification.

C7_15: What is the base interest rate paid on deposits among banks in the eurocurrency market
called?
INEU.
EUIN.
INEC.
LIBOR.
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PHN 3:
C11_1: Which two of these are the names of the key divisions of accounting?
International.
Financial.
Marketing.
Personnel.
Management.

C11_2: Which two of these activities come within the definition of accounting?
Calculating.
Processing.
Auditing.
Identifying.
Measuring.

C11_3: Which two of these are user groups of financial information as defined by the
Accounting Standards Board?
Customers.
Employees.
Politicians.
Journalists.
Competitors.

C11_4: Which two of these statements are correct?
A profit and loss account shows a summary of assets and liabilities at the last day of a financial
period.
The cash flow statement summarises cash received and assets acquired.
A balance sheet can also be called a statement of income.
The profit and loss account summarises income and expenditure.
The balance sheet summarises assets, liabilities and capital.

C11_5: Which one of these statements is incorrect?
US accounting rules do not allow assets to be revalued.
There is a strong, independent accounting profession in France.
In the UK, individual companies decide the rates at which their assets depreciate.
German accounting rules tend to be more conservative than UK rules.
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In countries with traditionally lower levels of share ownership, there has been less need for the
provision of independent financial information.

C11_6: Answer true or false to the following five statements.
Double-entry bookkeeping is the universally agreed means of recording financial data.
True
False

C11_7: Management accountants produce a companys published annual reports.
True
False

C11_8: Taxation and dividends are deducted from operating profit to arrive at a retained profit.
True
False

C11_9: Profitable businesses can never go out of business.
True
False#<p>They will fail if they dont have enough liquidity to pay their bills.

C11_10: Alternative risk transfer (ART) refers to the convergence of the capital and money
markets with the insurance markets.
True
False

C11_11: In this group of five questions youll see a description of a heading found within one of
the three key accounting summaries and a list of possible headings. Try to match the description
with its correct heading.
Significant items likely to be owned by the organisation for at least a year.
Operating profit.
Equity dividends.
Current assets.
Stocks.
Fixed assets.
Current liabilities.
Capital and reserves.
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C11_12: 2 Items which tend to change in value rapidly during a financial period, being used in
day-to-day trading.
Current assets.
Current liabilities.
Stocks.
Equity dividends.
Capital and reserves.
Operating profit.
Fixed assets.

C11_13: The overall value of a company.
Operating profit.
Current assets.
Capital and reserves.
Current liabilities.
Equity dividends.
Stocks.
Fixed assets.

C11_14: The surplus of income over expenditure for a financial period.
Stocks.
Capital and reserves.
Equity dividends.
Fixed assets.
Operating profit.
Current assets.
Current liabilities.

C11_15: The reward that a company gives to its ordinary shareholders.
Current assets.
Operating profit.
Stocks.
Fixed assets.
Current liabilities.
Equity dividends.
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Capital and reserves.
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PHN 4:
C14_1: Which of the following are international financial considerations faced by both small
and large MNEs?
Currency systems.
Tax systems.
Interest rates.
All of the above.

C14_2: Which of the following is not true about a polycentric solution to international financial
management?
It treats the MNE as a holding company.
Decisions are made on the spot by those most informed about market considerations.
It reduces the authority of the home office.
It centralizes decision making.

C14_3: One of the advantages of the ethnocentric solution to international financial
management is that:
international subsidiaries tend to be more motivated.
international subsidiaries tend to be more flexible.
decisions are made on the spot by those most informed about market conditions..
management is able to coordinate overall operations carefully.

C14_4: Which of the following is a way in which an MNE might improve its financial position?
Borrowing from a foreign bank.
Borrowing from a local bank.
Borrowing from a profitable subsidiary.
All of the above.

C14_5: Strategies in which funds are moved from one MNE operation to another are called:
fronting techniques.
arm's length techniques.
subsidiary flows.
funds positioning techniques.

C14_6: The headquarter of Company X sends a memo to all subsidiaries establishing the intra-
firm price at which a product will be sold. This price is called:
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internal ticketing.
intra-firm price.
insider transfer price.
transfer price.

C14_7: Which of the following statements is true?
A transfer price is never the same as the market price.
A transfer price is always lower than the market price.
A transfer price is always higher than the market price.
None of the above.

C14_8: All of the following are examples of tax heavens except for:
Bermuda.
Guyana.
Switzerland.
Hungary.

C14_9: In cases of high risk of expropriation by host governments, which of the following funds
positioning techniques would be most adequate?
The use of transfer pricing.
A fronting loan.
The use of tax havens.
All of the above.

C14_10: Which of the following is a good reason to use clearing accounts?
Headquarters can better monitor the finances of each subsidiary.
It ensures an efficient financial relationship across subsidiaries.
Subsidiaries that are owed money receive quicker payment.
All of the above.

C14_11: In the case of a US company with a Chilean subsidiary, if the Chilean peso declines by
10% against the dollar:
the value of the Chilean subsidiary's peso account at the local bank would increase when
translated into dollars.
the value of the Chilean subsidiary's US$ account at the local bank would also decline when
translated into pesos.
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the value of the Chilean subsidiary's peso account at the local bank would also decline when
translated into dollars.
None of the above.

C14_12: In the case of a US company with a Chilean subsidiary, if the Chilean peso declines by
10% against the dollar:
the company-wide balance sheet will decrease.
the company-wide balance sheet will increase.
the balance sheet of the Chilean subsidiary, in pesos, will also decrease.
None of the above.

C14_13: Which of the following statements is true?
If the value of the local currency weakens, the sale of inventory will generate larger dollar
profits.
If the value of the local currency strengthens, the sale of inventory will generate lower dollar
profits.
If the value of the local currency strengthens, the sale of inventory will generate larger dollar
profits.
None of the above.

C14_14: Which of the following are international sources of credit for the MNE?
Domestic market.
Euromarket.
Foreign market.
All of the above.

C14_15: The debt-equity ratio across all countries is:
1.75 to 1
0.6 to 1
2.75 to 1
None of the above.