MIB Cheat Sheet 2026

The 30 highest-yield MIB facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.

1. What distinguishes the stakeholder approach as a whole? → The idea that many different groups have a legitimate interest in the corporation
2. ______is a conscious understanding of and genuine concern for the culture of another person. → Cultural empathy
3. What is 'transfer of technology' in international trade and investment agreements? → Sharing of IP, technical knowledge, and processes with foreign partners or governments
4. Which of the following doesn't warrant international investment? → International investments have less political risk than domestic investments.
5. Which three stages of innovation are there? → In-market innovation, new market creation, leadership
6. Supplier development programs in global supply chains primarily aim to: → Improve supplier capabilities and performance over time
7. What does 'rules of origin' determine in international trade? → The nationality of a product for purposes of applying trade measures
8. What is 'country-of-origin effect' in international marketing? → Consumer bias based on where a product was made
9. Which international pricing approach sets prices based on what customers in each market are willing to pay? → Market-differentiated pricing
10. Which US trade law provision allows the President to impose tariffs on national security grounds? → Section 232 of the Trade Expansion Act of 1962
11. What is 'nearshoring' in global supply chain management? → Relocating operations to a nearby country
12. In comparison to newer businesses, established businesses excel at: → innovation which is competence-enhancing.
13. Which pricing strategy involves setting a low initial price to quickly gain market share in a new international market? → Market penetration pricing
14. Businesses can use their expertise in overseas markets without a license thanks to licensing. → Major investment in foreign countries
15. Who claimed that a company's main social responsibility is to maximize profits? → Milton Friedman
16. Innovation can contribute to the creation of a transient competitive advantage when → barriers to imitation are low and intellectual property rights are difficult to enforce.
17. The following are significant global marketing controllable elements. → marketing activities and plans
18. Non-standard industrial products like the following are not covered by the international product life cycle: → Luxury products
19. What is the primary purpose of a 'Harmonized System (HS) code' in international trade? → Classifying traded goods for customs and tariff purposes
20. Which cultural dimension by Hofstede measures the degree to which less powerful members accept unequal power distribution? → Power Distance Index
21. Under the WTO's Agreement on Subsidies and Countervailing Measures (ASCM), which type of subsidy is prohibited? → Export subsidies contingent on export performance
22. Snyder Golf Co. plans to construct a golf club in Brazil. → Direct Forging Investment
23. The initials OECD are an acronym for. → Organization for Economic Co-operation and Development
24. Which organization administers the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS)? → World Trade Organization (WTO)
25. According to Hofstede, being abrasive, materialistic, and unconcerned with others are —— values. → masculine
26. Investors consider political risk to be → Discouraged
27. Toy marketers ________ have achieved global dominance. → California
28. Which concept describes the difficulty expatriates experience when returning home after a long international assignment? → Reverse culture shock
29. According to the resource-based perspective, designing successful strategies should begin with identifying the distinctive corporate resources. → unique firm resources should be the starting point for developing successful strategies.
30. The World Trade Organization (WTO) principle of 'Most Favored Nation' (MFN) requires that: → Any trade advantage given to one country must be extended to all WTO members