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GBM811S - GLOBAL BUSINESS MANAGEMENT - 1ST OPP - JUNE 2025 |
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n Am I BI A u n IVER s I TY
0 F SCIEnCE Ano TECHn OLOGY
FACULTYOF COMMERCEH, UMAN SCIENCESAND EDUCATION
DEPARTMENTOF GOVERNANCEAND MANAGEMENTSCIENCE
QUALIFICATION: BACHELOR OF BUSINESS MANAGEMENT HONOURS
QUALIFICATION CODE: 08HBBM
LEVEL: 8
COURSE CODE: GBM811S
COURSE NAME: GLOBALBUSINESSMANAGEMENT
SESSION: JUNE 2025
DURATION: 3 HOURS
PAPER: 1
MARKS: 100
FIRST OPPORTUNITY EXAMINATION QUESTION PAPER
..
EXAMINER(S)
Ms. O.N Kangandjo
MODERATOR:
Mr. M B Simasiku
Y-Gf THIS QUESTION PAPER CONSISTS OF PAGES (Including this front page)
INSTRUCTIONS
1.
Answer all questions.
2.
Read all the questions carefully before answering.
3.
Marks for each question are indicated at the end of each question.
4.
Please ensure that your writing is legible, neat and presentable. Start each Section on a
new page.
PERMISSIBLEMATERIALS
1. Examination question paper
2. Examination answer sheet
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lsEcr10N
Question 1
[2 x 10=20 Marks]
Multiple choice questions from 1.1-1.10. Indicate the letter of the appropriate answer next
to the corresponding question number in the provided answer book.
1.1 Peoples' right to protest on issues of accountability in public expenditure would be
possible in a __ political set-up.
A.
dictatorial
B.
democratic
C.
totalitarian
D. fascist
1.2 Expatriate managers may experience more than the usual degree of pressure to
violate their personal ethics because of all the following reasons EXCEPT:
A. they are away from their ordinary social context and supporting culture.
B. they are psychologically and geographically closer to the parent company.
C. they may be based in a culture that does not place the same value on ethical norms
important in the manager's home country.
D. they may be surrounded by local employees who have less rigorous ethical standards.
1.3 Which of the following is the most widely practiced theocratic legal system in the
world today?
A.
Hindu law
B. Sikh law
C.
Islamic law
D. Jewish law
1.4 According to Hofstede, a _______
uncertainty-avoidance culture tries to
develop legal institutions that create security, while a _______
uncertainty
avoidance culture does not feel threatened by the uncertainty of the future.
A. Mixed; weak
B. Weak; strong
C. Strong; weak
D. Strong; mixed
1.5 Which of the following concepts is NOT one of Hofstede's dimensions of culture?
A. Individualism
B. Power
C. Capitalism
D. Uncertainty
1.6 Smith and Company Publishers are opening subsidiaries in multiple countries, in order
to increase their productivity. In all of the countries, they wanted to open a new
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website for on line sales, but in Iran the regulation prevented them from doing so. This
is part of the __ environment.
A. technical
B. economic
C. political
D. sociocultural ·
1.7 Which of the following statements about individualism is NOT true?
A. Individualism promotes private entrepreneurship.
B. Individualism promotes free market economics.
C. Individualism creates an anti-business environment.
D. Individualism advocates for a democratic political system.
1.8 Which of the following terms refers to the belief that the management techniques
used in one's own country are best no matter where or under what conditions they
are applied?
A. geocentrism
B. nationalism
C. parochialism
D. ethnocentrism
1.9 Interdependent political, economic, and legal systems of a country make up its:
A. administrative agenda.
B. socioeconomic fabric.
C. cultural environment.
D. political economy.
1.10 A phrase that best illustrates a collectivistic culture is
A. "Two's company; three's a crowd."
B. "I got mine, you get yours."
C. "I did it my way."
D. "We're all in it together."
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Question 2
(54 Marks]
2.1 Our daily chores involve transactions that connect us to the global economy. Explain
what is meant by globalisation. With the help of an example discuss how globalisation
is manifesting in today's world.
(7)
2.2 Firms need to pursue strategies that increase profitability and profit growth.
Differentiate between profitability and profit growth. What can firms do to increase
profitability and profit growth?
(4)
2.3 Cross cultural literacy allows us to get a better understanding of the differences in the
customs and beliefs of others. List the six dimensions of culture as identified by Geert
2.4 Property rights are fundamental for international companies as they provide
incentives necessary to innovate, invest, and operate efficiently in .the global
economy. However, in many countries property rights are violated. Discuss the
various ways in which public action can violate property rights.
(6)
2.5 The legal system of a country is of immense importance to international business.
What is a country's legal system? Why is it important to international businesses?
(6)
2.6 International business is much more complicated than domestic business because
countries vary significantly in their political economies. What constitute a political
economy of a nation?
(6)
2.7 Differences in the strength of pressures for cost reductions versus pressures for local
responsiveness affect a firm's choice of strategy. Describe the four basic strategies
that firms choose among when competing internationally.
(8)
2.8 What are the ways in which international business and its managers can ensure that
ethical issues are considered in business decisions?
(5)
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Question 3
Read the case below and answer questions 3.1 to 3.3.
[24 Marks]
Namibia to send first consignment through AfCFTA
By Shania Lazarus
16 September 2024
Namibia will be sending its first trade consignment through the African Continental Free
Trade Area (AfCFTA) in October.
This was announced by industrialisation and trade minister Lucia lipumbu during a Cabinet
committee briefing on Thursday. According to lipumbu, this is after Namibia's tariff offer
under the Southern African Customs Union (Sacu) was approved by the AfCFTA
"We are currently in the process of preparing to participate in the guided trade initiative,
whereby we will send off the first consignment for Namibia under the AfCFTA in October 2024
to signify the commencement of trading under the AfCFTA," said lipumbu.
The AfCFTA is an initiative of the African Union (AU) which aims to create a single market for
goods and services across the continent. The agreement commits AU member states to
remove tariffs on 90% of goods, with 10% of sensitive items to be phased in later.
"It also liberalises services and aims to tackle non-tariff barriers which hamper trade between
African countries, such as long delays at the border," said lipumbu. lipumbu added that the
goal is to have free movement of people and even a single currency.
Moreover Namibia will benefit from a vast market of over 1,3 billion people through the
AfCFTA. lipumbu said Namibia is also actively working to enhance its domestic production
capacity to meet the growing demand for goods and services within the AfCFTA.
"Namibia is ready to tap into a single market of about 1,3 billion people, while growing at
home and industrialising the local economy to produce goods and services with which to
trade," said lipumbu. She added that to a large extent, the Sacu tariff offer is in the process
of gazettement by the Namibia Revenue Agency.
"The ministry has put in place the requisite legal and regulatory building blocks to fully
industrialise Namibia; to strengthen its trade both locally, regionally, continentally and
globally; and to vigorously enable small and medium enterprises to develop and flourish,"
lipumbu added.
Source: https ://www. nami bian .com. na/na mibia-to-sen d-first-consign ment-th rough-afcfta/
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3.1 Describe the different levels of regional economic integration from least integrated to
most integrated.
(10)
3.2 Explain the African Continental Free Trade Area (AfCFTA) and its main objectives.
(5)
3.3 How does Namibia stand to benefit from participating in the AfCFTA?
(5)
3.4 At which level of regional economic integration does the AfCFTA aim to operate?
Motivate your answer.
(4)
END OF QUESTIONPAPER.
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