241. The emerging markets of today:
A. will remain promising markets for development only if regulatory reform occurs within an unstable political environment.
B. will never be promising markets for development if regulatory reform occurs within a stable political environment.
C. will remain promising markets for development only if regulatory reform occurs within a stable political environment.
D. will remain promising markets for development only if regulations are exactly the same as those in the EU.

242. Economic stability is:
A. fundamental to the steady growth in international activity generally but unimportant for the individual retail organization’s internationalization strategy.
B. unimportant for the steady growth in international activity generally and individual retail organizations in particular.
C. fundamental to the steady growth in international activity generally and individual retail organizations in particular.

243. The key issue that has limited international retail expansion into India in the past has been:
A. the regulatory environment, which has precluded retailers from outside the country entering on a majority ownership basis.
B. the lack of infrastructure which has made the country much less attractive to international retailers.
C. the lack of a sufficiently informed consumer with sufficient disposable income.
D. the economic environment, which has precluded retailers from outside the country entering the market.

244. China is a vast consumer market:
A. where regions and cities are so similar that operating across the entire country is relatively easy for any retailer entering the market.
B. where a retailer’s understanding of the nuances of different regions and cities is crucial to success in the market.
C. where a retailer’s understanding of the nuances of different regions and cities is not crucial to success in the market.
D. where a retailer’s understanding of different local competitors is all important.

245. By 2008 Russia’s retail market:
A. remained relatively immature and under-consolidated.
B. was highly developed with very impressive retail and road infrastructure.
C. was relatively mature yet under consolidated.
D. remained relatively immature but consolidated

246. Responsibility lies in the hands of people in the upper echelons of the hierarchy is called
A. Benevolent
B. Consultative
C. Participative
D. Exploitative

247. Plans, policies and procedures are the functions of
A. top level management
B. middle level and bottom level management
C. middle level management
D. bottom level management

248. _______Plans are made to achieve the overall organizational goals
A. tactical plans
B. strategic plans
C. operational plans
D. single use plans

249. A structure of relationship is called as
A. organization
B. functions
C. team
D. group effort

250. Passing of authority to make decisions to the lowest possible level in the organizational hierarchy is known as
A. accountability
B. responsibility
C. decentralization
D. authority

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