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DRIVE WINTER 2015
PROGRAM MBADS/
MBAFLEX/ MBAHCSN3/ MBA – SEM 4
SUBJECT CODE &
NAME - MB0053 INTERNATIONAL BUSINESS MANAGEMENT
BK ID - B1724
CREDIT - 4
MARKS – 60
Q1. Why is
Comparative Cost Theory considered as an improvement upon Absolute Cost
Advantage Theory? Explain Porter’s Diamond Model. 10
Ans:
Comparative Cost Theory: David
Ricardo, in his notable book ‘Principles of Political Economy’ published in
1817 came up with an improvement on Adam Smith’s ‘absolute
advantage theory’. Ricardo argued
what might happen if one country has an absolute advantage in the production of
all goods. Adam Smith’s theory suggests that such a country might not have
benefitted from international trade as trade is
Q2. Explain
Hofstede’s Cultural dimension. 10
Ans:
Hofstede’s cultural dimensions: According to Dr. Geert Hofstede,
‘Culture is more often a source of conflict than of synergy. Cultural
differences are a trouble and always a disaster.’ Professor Hofstede
carried out a detailed study of how values in the workplace are
influenced by culture. He worked as a psychologist in IBM from 1967
Q3. “An economic
union comprises of a common market and a custom union.” Explain. 10
Ans:
An economic union comprises of a common market and a custom union: Customs officials use packing
list to check what is being exported or imported while importer uses it to know
without opening the carton/packing that goods are of specified nature as requested
by importer in exporter order. Cargo manifest or packing list provides all the
information with respect to all the items in the box, crate, pallet, and
container including their
Q4.
Explain the components of International Financial Management. 10
Ans:
Components of International Financial
Management: The
components like foreign exchange market, foreign currency derivatives, international
monetary markets and international financial markets which are essential
to the international financial management, are discussed in this section.
Q5. What are the
differences between International Accounting Standards and Domestic Accounting
Standards? 10
Ans:
Differences between International Accounting Standards and Domestic Accounting
Standards: Different
countries whether domestic or international, have different accounting
standards. A common belief is that these differences reduce the quality and
importance of accounting information. Accounting standards determine the
financial reporting quality and provides separately verified information about
an organisation's financial performance to investors’ creditors. Though there
are differences in accounting
Q6. Explain the key
component of International Strategic management. 10
Ans:
Key component of International Strategic management: There are three aspects of
strategy formulation. Each aspect has a different focus that includes
requirements to be met within the formulation stage of strategic management.
The three aspects of recommendations must be
internally steady and match
together in a jointly supportive manner that outlines an integrated hierarchy
of strategy. The three aspects
Get fully solved assignment. Buy online from website
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Charges rs
125/subject and rs 700/semester only.
if urgent then call us on 08791490301, 08273413412
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