1. The least risky approach to beginning international expansion is:

A) joint-ventures

B) importing/exporting

C) creating foreign subsidiaries

D) acquisitions

2. The primary distinction between managerial roles and managerial functions is best described as

A) managerial roles are based on the expectations of other individuals while managerial functions are job requirements

B) managerial roles are optional while managerial functions are required

C) managerial roles and functions are equivalent

D) managerial roles are job requirements while managerial functions are task requirements

3. In order to learn to manage, one must

A) avoid mistakes by implementing rational decision making, etc.

B) emphasize rewards for positive results and penalize negative results

C) dress for success

D) make mistakes, take on difficult assignments, etc.