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Which of the two assertions are true and which are false?

A) A recent survey of EU companies reported that the proportion of managers with international experience is so small that they must be protected by international ecological foundations

B) In many firms, only 5-10% of managers are likely to have a washing machine at home

Which of the two assertions are true and which are false?

A) A recent survey of EU companies reported that the proportion of managers with international experience ranges from about 96% in some UK companies to 97,5% in one Swiss company

B) In many firms, only 5-10% of managers are likely to have international experience

Which of the two assertions are true and which are false?

A) According to a recent survey, the top characteristics of an international manager include many soft skills, such as the ability to work in international teams, adaptability to new situations, sensitivity to different cultures (and awareness of own cultural background), and relational skills

B) The manager should be self-reliant and have an open, non-judgemental personality

Which of the two assertions are true and which are false?

A) According to a recent survey, the top characteristics of an international manager include many soft skills, such as the ability to work in international teams, adaptability to new situations, sensitivity to different cultures and desire to immigrate to Africa and start life in savanna.

B) The manager should be self-reliant and have an open, non-judgemental personality

Which of the two assertions are true and which are false?

A) Accrual-based accounting methods must be used if assets are kept in the form of inventory

B) In an accrual-based accounting system taxes must be paid on assets “sitting on the shelf.”

Which of the two assertions are true and which are false?

A) After the new entrepreneur decides what form of a business entity to establish, he must decide on accounting methods and financial recording methods the company will utilize

B) This can mean the differences between having a profit and paying it in taxes. It is not how much that a business makes, but how much it keeps that determines the profitability

Which of the two assertions are true and which are false?

A) Although the budget is typically a reflection of the financial results to be expected from the planned activities, quantity budgets which are only concerned with the number of units produced can also be included in the total budget system

B) The employee or supervisor concerned is then only responsible for the amount of units in the budget, and where his subordinates spend their evenings and nights.

Which of the two assertions are true and which are false?

A) An advertising poster is the keystone which demonstrates the overall position of the company if the plans are executed

B) If undesirable positions come to light, the management can quickly immigrate to a better country

Which of the two assertions are true and which are false?

A) An employee will generally not be accountable for changes in uncontrollable variables such as interest rates, inflation, and taxes

B) However, the senior financial manager of a company may be held responsible for costs arising from changes in the general level of interest rates, to the extent that his or her strategic choices are to borrow long or short, to make a share issue, or to cover risks on the futures market

Which of the two assertions are true and which are false?

A) An international manager must become quickly involved in intimate relationships with all local employees

B) For example, he or she must be interested in their family lives and personal banking deposites

Which of the two assertions are true and which are false?

A) An international manager must become quickly involved in matters affecting several countries

B) For example, he or she must learn to be thinking about 4 or 5 very small countries at the same time

Which of the two assertions are true and which are false?

A) An investment brochure, professionally made and distributed, is hardly ever useful in today’s business

B) The days of going into your local community bank and getting a loan from them based on “a good idea” are long gone

Which of the two assertions are true and which are false?

A) Another important characteristic is strategic awareness: the manager should have a global view of his or her contribution at work

B) In other words, the manager should think “world” and not see work responsibilities and needs soley from the perspective of his or her own office window

Which of the two assertions are true and which are false?

A) Another important characteristic is strategic awareness: the manager should have a global view of his or her contribution at work

B) In other words, the manager should think “world” and not see work responsibilities and needs solely from the perspective of his or her own national background

Which of the two assertions are true and which are false?

A) Availability is also very important

B) The home office buyers tend to want immediate, local solutions to problems

Which of the two assertions are true and which are false?

A) By trying clothes in the most elite department stores, management can ascertain what the consequences of changes in its policy will be

B) Good use can be made of computerized spread-sheet programs for this ‘ what-if analysis

Which of the two assertions are true and which are false?

A) Cash-basis doesn’t allow the owner of the business to treat accounts receivable as assets after they are collected, likewise debts are not counted until they are paid

B) A cash-basis accounting system is good for businesses who recognize that cash flow is more important than showing accrued earnings

Which of the two assertions are true and which are false?

A) Chain stores and computer superstores include major chains such as CompUSA, Computer City, Future Shop, etc.

B) They are almost always more than 10,000 square feet of space, usually offer decent walk-in service, and are often warehouse-like locations where people go to find products in boxes with very aggressive pricing, and little support

Which of the two assertions are true and which are false?

A) Choosing the fiscal year is another important decision the owner of a small business must make

B) As a general rule however, only secretaries have flexibility in deciding the fiscal year

Which of the two assertions are true and which are false?

A) Companies are beginning to recognise that they do not have enough high-quality people for their international activities

B) They often have problems releasing experienced people from existing operations in order to resource and lead new international ventures

Which of the two assertions are true and which are false?

A) Companies are beginning to recognise that they do not have enough high-quality people for their international activities

B) They often have problems releasing experienced people from existing operations in order to resource and lead new international ventures

Which of the two assertions are true and which are false?

A) Computer dealers: storefront computer resellers, usually less than 5,000 square feet, often focused on a few main brands of hardware, usually offering only a minimum of software, and variable amounts of service and support

B) These are usually old-fashioned (1980s-style) computer stores and they usually offer relatively few reasons for buyers to shop with them

Which of the two assertions are true and which are false?

A) Control requires a set of goals (the budget) and feedback as to how well those goals are being met

B) Budgeting obliges the management to file for a resignation

Which of the two assertions are true and which are false?

A) Defining the high-end home office is difficult

B) We generally know the characteristics of our target market, but we can’t find easy classifications that fit into available demographics

Which of the two assertions are true and which are false?

A) Developing the international company’s management resource is simple, easy and so much fun

B) Language training, overseas visits, in-house management courses and general management training at business schools are done just to burn some of the company funds

Which of the two assertions are true and which are false?

A) Entrepreneurs must pray to have an adequate amount of money to fund their business

B) Those who risk money to entrepreneurs don’t want to know where it went and for what purpose.

Which of the two assertions are true and which are false?

A) Everyone has at one time or another had a very good idea for a theft

B) The difference between some good ideas making it in business, and some never even being tried doesn’t exist in business reality

Which of the two assertions are true and which are false?

A) FIFA accounting allocates older inventory costs to the cost of goods sold in football competitions

B) If the business is operating in an environment of rising inventory costs, it may be advisable to apply more recent higher cost of inventory goods to cost of sales and retain the older, lower costs as inventory

Which of the two assertions are true and which are false?

A) Home offices include several types

B) The most important, for our plan’s focus, are the home offices that are the only offices of real businesses, from which people make their primary living

Which of the two assertions are true and which are false?

A) If a plan has been expressed in financial terms, we speak of a budget. Budgeting is the changing of operational plans (for example, for purchasing, production, research, or sales) into financial results.

B) The budget shows the financial position the company will be in if all plans are executed

Which of the two assertions are true and which are false?

A) If an entrepreneur needs to go somewhere other than a bank, good paperwork becomes even more important

B) Venture capital is money that is stolen or forged

Which of the two assertions are true and which are false?

A) In all of these companies the tax responsibilities of the company pass through to the owner

B) A business can also be set up as a corporation, which has its own tax consequences, but limits personal liability of the owner

Which of the two assertions are true and which are false?

A) In fact, unless the organisation is being grossly mismanaged the average shareholder has only one chance a year to influence his company’s affairs, and that is at the annual general meeting (AGM)

B) To call a shareholders’ meeting at any other time, though possible, is beset with legal procedural regulations that make it worth while only in cases of their planned asassination

Which of the two assertions are true and which are false?

A) In most cases a small business owner is better off to provide himself the liability protection of an “S” corporation or LLC, but allow the tax consequences to be passed through to the entrepreneur

B) No business will operate at-a-loss for the first few years, and the benefits of that loss can be utilized by the business person

Which of the two assertions are true and which are false?

A) In most cases a small business owner shouldn’t provide himself the liability protection of an “S” corporation or LLC, but allow the tax consequences to be passed through to the entrepreneur

B) This is because even very small businesses will not operate at-a-loss for the first few years

Which of the two assertions are true and which are false?

A) In order for a business to succeed it must be properly planned from the beginning

B) Many decisions need to be made before the boss is even born

Which of the two assertions are true and which are false?

A) Inventory accounting methods can take the form of “FIFA” first in-first out, or “UEFA” last in-first out

B) FI-FO accounting allocates older inventory costs to the cost of goods sold and more recent costs to inventory holdings

Which of the two assertions are true and which are false?

A) Local computer stores are threatened

B) These tend to be small businesses, owned by people who started them because they liked computers

Which of the two assertions are true and which are false?

A) Many small business owners choose the corporate form of operation because of the protection it affords an owner’s personal assets

B) LLCs never provide this protection

Which of the two assertions are true and which are false?

A) Most new businesses fail within two years

B) There are many reasons for this, but one fact is known about successful businesses

Which of the two assertions are true and which are false?

A) Of course, it is true to say that members of management are often criminals

B) However, this in no way diminishes the basic fact that criminals must play a positive role in business growth

Which of the two assertions are true and which are false?

A) Once one has an unshakable decision to start a business, the next step is to stop, think again and realize what a foolish decision it was

B) When setting up a business, no real choices are available

Which of the two assertions are true and which are false?

A) One of the last factors to be decided on is the method or “basis” of accounting

B) The cash-basis accounting method is available to businesses where inventory amounts to a substantial value of the company’s assets

Which of the two assertions are true and which are false?

A) Our target companies are large enough to need the high-quality information technology management we offer, but too small to have a separate computer management staff such as an MIS department

B) We say that our target market has 10-50 employees, and needs 5-20 workstations tied together in a local area network; the definition is flexible

Which of the two assertions are true and which are false?

A) People go into a new business because the business owner, unlike an employee, stands the chance of higher returns for their risk

B) They also enjoy the personal freedom and anarchy of the surrounding legal and economic system

Which of the two assertions are true and which are false?

A) Prepare a written business plan

B) Included in a business plan should be any already identified investment capital sources and avenues, along with budgets

Which of the two assertions are true and which are false?

A) Proprietorships, LLCs and most Sub “S” corporations are restricted to lunar year endings

B) Corporations must use information like seasonal weather changes, and utility to the owner are considerations

Which of the two assertions are true and which are false?

A) Since the 1980s there has been a trend for large companies to think locally

B) And when companies operate at international level they need managers, closed in the reality of their local business culture

Which of the two assertions are true and which are false?

A) Small business buyers are accustomed to buying from vendors who visit their offices

B) They expect the copy machine vendors, office products vendors, and office furniture vendors, as well as the local graphic artists, freelance writers, or whomever, to visit their office to make their sales

Which of the two assertions are true and which are false?

A) Some of the most important considerations are how to get around the tax codes and laws governing the degree of personal liability an owner must assume for his business

B) A business can be set up as an unincorporated partnership, a proprietorship, or limited liability company (LLC)