Questions from Chapters 16 – 20, part 3 of the examGuide to the MGT 301 final examPart I: True / False & Multiple Choice QuestionsScope of questions: Ch. 10 – 15, material covered in class for Ch. 16 - 20- 25% of the exam grade. This section of the exam will have 1 block of true/false questions, 1 block of multiple choice questions. You will need to answer all questions for full credit for this portion of the exam. - All material covered in class about functions (Ch. 16 - 20) is “core” material about functions and may be tested in this portion of the exam. Part II: Short Answer and Essay QuestionsScope of questions: Ch. 10 – 15, material covered in class for Ch. 16 - 20 - 45% of the exam grade. This section of the exam will have 1 block of short answer questionsand 1 block of essay questions. You will need to answer all questions for full credit for this portion of the exam. - All material covered in class about functions (Ch. 16-20) is “core” material about functions and may be tested in this portion of the exam. Part III: Short Answer and Essay QuestionsScope of questions: Ch. 16 – 20, in-depth questions from chapter and/or from class notes - 30% of the exam grade. In-depth material from chapters and/or class lessons about functions (international marketing, operations, finance, accounting, HRM & labor relations)- There will be 5 separate sections, one for each of chapters 16 – 20. Questions about material in any specific chapter can be drawn from anywhere in that chapter or from the related lessons, with emphasis on major topics as suggested by the amount of space devoted to them in the chapter and their prominence in the chapter outline. - VERY IMPORTANT: You need to complete 2 and only 2 of the 5 sections of this part of the exam. Ignore the other 3 sections of this part of the exam. - There will be 2-3 short answer questions and 2-3 essay questions for each chapter. You will need to answer all questions for any chapter you select. There will be a bonus question, which is easy marks for anybody who writes a paragraph or more addressing the following question: Briefly explain the most interesting and/or useful thing you learned in this course.General issues, topic-specific issues: Material from before the midterm will not be on the final exam. However, material covered after the midterm exam is testable. If answered efficiently, short answer questions take about 1-2 paragraphs to answer, while essay questions take about 2-4 paragraphs to answer completely (for an efficient answer). Material covered in class is the most important focus for the exam, material from the textbook is of secondary importance. You will be tested on the following:1. Your understanding of key issues and concepts (ie: how Hofstede’s orientations can help in trying to lead and motivate employees in different cultures, the nature and strengths and weaknesses of different global organizational designs, how organizational design tends to change over time as the firm becomes more and more active outside its home country, …)2. Your understanding of the strengths and weaknesses of various alternatives for certain,important kinds of decisions in international business (ie: different modes of entry into a foreign market, methods of payment for international transactions, methods of managing transaction-related foreign exchange risk, methods of valuing non-financial assets for financial reporting purposes, …). 3. Your ability to see the relationship between international strategies and line of business strategies and various aspects and activities of the firm (ie: entry modes, the useof international strategic alliances, organizational design, organizational control, marketing strategy, operations, and staffing models). Also, understanding how particular international strategies may fit well or not fit well with particular features of the international environment (ie: “integration day” notes). You will not be asked to work through mathematical problems, nor will you be given long and complex cases to resolve. You will not need a calculator. You will not be asked to carry out a SWOT analysis. Nor will you be asked to “fit” together a setof strengths and weaknesses for a firm with facts about the international environment to formulate a strategy (just matching features of the international environment to international strategies will be testable). But, you should know what a SWOT analysis involves and how SWOT is likely to differ in a global industry (in your notes for the lesson for chapter 10). Points from the discussion of how and why centrally planned economies fail will not be on the exam. If a student happens to know and use that material in a suitable way as an example when answering an exam question that would be to the student’s credit, but it will be possible to get full marks on every question in the exam without referring to that material. Questions from the guest lecture by Mr. Mebane There will be no questions which address material from Mr. Mebane’s guest lesson or from the talk in the following class about his presentation.Questions from Chapters 16 – 20, part 3 of the examWhatever is in the textbook for chapters 16 through 20 is fair game for part 3 of the exam, but donote the following:1. Those preparing chapter 17 for the exam should note that the determinants for site location given in chapter 17 have been *replaced* by what is in your class notes, presented in class and posted on the internet. You need not learn both, just focus on your class notes. 2. Material added by me for chapter 19 on valuing non-financial assets is suitable for testing in any of the three parts of the exam. For this topic questions would focus on the principles and general conclusions. Students will not need to do any mathematical calculations using the valuation method described. Sample QuestionsS1. Biggus Brainicus is the smartest human being alive today. Unfortunately, he cannot explainhimself in a manner that a normal human being can understand. He has just advised two brothers, Lethargicus and Dumbicus, that they cannot engage in FDI because they lack the necessary access to capital, but that they should consider either licensing or exporting as a mode of entering a specific foreign market. Lethargicus and Dumbicus understood absolutely nothing else that Biggus Brainicus told them and they are now asking