1.
International business can be considered from macro(top-dwon) and micro(bottom-up) perspectives.
Which of the following is NOT a form of firm-level context of international business?
a. Managerial cognition.
b. Culture
c. Top management decision making
d. Globalization
2.
Which of the following is the primary objective of financial statements:
a. Providing managers with detailed information tailored to the manager’s specific information needs.
b. Indicating to investors in a particular company the current market values of their investments.
c. Providing people outside the business organization with information about the company’s financial
position and operating results.
d. Reporting to the tax authority the company’s taxable income.
3.
The body that has the power to prescribe the accounting practices and standards used by most
international companies is:
a. IASB
b. SEC
c. FASB
d. IASCF
4.
The following is the formula of customer lifetime value. Find the right element at the blank. ( )
[Revenue – Retnetion cost] / [1 + discount rate – (
a. Retention rate.
b. Satisfaction score.
c. Word of mouth.
d. Net promotion score.
)] – Acquisition cost.
5.
What is the wrong explanation of sustainable manufacturing?
a. Sustainable manufacturing can create more jobs for a local community.
b. Sustainable manufacturing is only applicable to large companies.
c. Sustainable manufacturing can result in less negative environmental impacts.
d. Sustainable manufacturing can result in better working conditions for employees.
6.
Which one of the following does NOT properly describe the relationship between financial market
and the economy
a. Consumers can use securities to store wealth and transfer consumption to the future.
b. Financial markets allow the separation of ownership and management, buit this also brings agency
problems.
c. Capital flows to companies with best prospects so that the distribution of resources would be
distorted and inefficient.
d. Investors can select securities consistent with their tastes for risk.
7.
Costs that do not vary according to production volume are called ____.
a. Marginal costs.
b. Switching costs.
c. Total costs.
d. Fixed costs.
8.
The following explains open market operations in Korea:
Long-term adjustment
Withdrawal
Supply
Short-term adjustment
Withdrawal
Supply
Type of operation
(a)____ of long-term MSBs
(b)____ of MSBs with longterm remaining maturities
(c)____ of RPs
(d)____ of RPs
Which one of the following correctly describes the operations in (a) – (d)?
a. Issuance, Repurchases, Purchases, Sales.
b. Repurchases, Issuance, Purchases, Sales.
c. Repurchases, Issuance, Sales, Purchases.
d. Issuance, Repurchases, Sales, Purchases.
9.
The need to understand the different consumer tastes in segmented regional markets and respond
to different national standards and regulations imposed by autonomous governments and agencies
is:
a. National responsiveness.
b. Global integration.
c. Statutory compliance.
d. Intemational business.
10. Which of the following explanation is about stakeholder capitalism?
a. It is believed that capitals and replaceable.
b. They say it is “inclusive capitalism”.
c. Capital maintenance concept is based on the total financial capitals.
d. Only tradable and financially measurable capitals are considered.
11. The following is one of common critics of marketing. Find the most relevant word at the blank. ( )
Marketing makes people buy what they do not ( ).
a. Desire.
b. Like.
c. Need.
d. Want.
12. Which one of the following is NOT a function of the Bank of Korea?
a. Issuing bank notes and coins.
b. Managing official foreign exchange reserves.
c. Formulating and implementing monetary policy.
d. Formulating and implementing fiscal policy.
13. Platforms enable two different groups of users to transact with each other. In this perspective, how
are the markets created by platforms called?
a. One-sided market.
b. Double markets.
c. Interaction markets.
d. Two-sided markets.
14. _____ is the production and distribution of products and services of a homogeneous type and quality
on a worldwide basis.
a. Cross-border integration.
b. Global integration.
c. Market standardization.
d. Nationalism.
15. For traditional retailers selling physical goods, _____ is the biggest constraint limiting a firm’s ability
to offer customers what they want and when they want it.
a. Video piracy
b. Distribution rights.
c. Shelf space.
d. Shipping costs.
16. International business can be defined as:
a. The exchange of goods and services among individuals and businesses in multiple countries.
b. A multinational company that engages in business among multiple countries.
c. A and B.
d. None of the above.
17. Data becomes ___ when it is useful and meaningful for a person or an organization in a specific
context.
a. Information.
b. Knowledge.
c. Database.
d. Wisdom.
18. A credit card market has multiple platforms such as Visa, Mastercard, and American Express. What
is the most compelling reason behind this phenomenon?
a. Credit card users carry only one credit card.
b. Credit card users pay some annual membership fee for certain premium credit cards.
c. Merchants typically accept credit cards from various platforms.
d. Merchants needs to pay transaction fees to credit card companies.
19. What is the right explanation of operation?
a. Operations is only about how to minimize costs.
b. Operations strategy is about how to produce cheap goods.
c. No strategy is needed for operations.
d. Operations can be defines as the process of bringing goods and services to customers.
20. What is the wrong explanation of service operations?
a. Services are heterogeneous.
b. Customers are co-producers.
c. Inventory is very important for service operations.
d. Services are perishable.
21. A bond has face value os $1,000, coupon rate of 10%, and maturity of two years(The coupon intersts
are paid at the end of each year). If the bond yiel is 5%, what is the price of this bond?
a. (50/1+10%)) + (50+1,000/(1+10%))
b. (100/(1+5%))+(100+1,000/(1+5%)^2)
c.(100/(1+5%))+(100+1,000/(1+5%))
d. (50/(1+10%))+(50+1,000/(1+10%)^2)
22. For an MNC, which of the following is TRUE of CSR?
a. CSR campaigns always enhance the reputation of the MNC.
b. CSR campaigns always increase the profit of the MNC.
c. CSR campaign can lessen the resistance from local stakeholders.
d. B and C.
23. The IFRS foundation has a plan to set up an organization in order to issue official standards for nonfinancial reporting in EU. What is the name of the organization?
a. International Integrated Reporting Council.
b. Sustainability Accounting Standard Board.
c. International Sustainability Standard Board.
d. Global Reporting Initiative.
24. The following is the definition of marketing proposed by American Marketing Association in 2017.
Find the most relevant word at the blank. ( )
Marketing is the activity, set of institutions, and processes for creating, communicating, delivering,
and exchanging offerings that have ( ) for customers, clients, partners, and society at large.
a. Utility.
b. Meaning.
c. Value.
d. Sense.
25. How does the Internet typically impact price transparency and information asymmetry?
a. Both price transparency and information asymmetry decrease.
b. Price transparency increase while information asymmetry decreases.
c. Price transparency decreases while information asymmetry increases.
d. Both price transparency and information asymmetry increase.
26. What does ‘Google Trends’ service provide? ( )
a. Search index.
b. Metaverse index.
c. Influence index.
d. Value index.
27. Choose the one that is not the part of three key issues of marketing. (
a. Customer lifetime value.
b. Subjective value perception.
c. Targeting.
d. Customer perceived value.
)
28. Which one of the following statement is NOT correct about financial assets?
a. A stock is a type of security that signifies ownership in a corporation.
b. An RP is a contract in which one party agrees to sell securities to another party and then repurchase
them on a specified date at a pre-arranged price.
c. The call market refers to a market place in which financial institutions borrow money to each other
on a very short-term basis to resolve their temporary fund surpluses or shortages.
d. Preferred stock entitles you to have both cash flow right and control right.
29. Marginal costs:
a. are constant and do not vary according to production volume.
b. are the costs incurred as a result of choosing one option over another.
c. are minor, insignificant costs.
d. are associated with each additional unit produced.
30. The principal difference between management accounting and financial accounting is the financial
accounting information is?
a. Prepared by managers.
b. Intended primarily for use by decision makers outside the business organization.
c. Oriented toward measuring solvency rather than profitability.
d. Prepared in accordance with a set of accounting principles developed by the Institute of Certified
Management Accountants.