Unit 6: Strategic Management
Topic 6.6: Multinational Companies (MNCs) Questions
Practice 20 exam-style questions for IB Business Management Topic 6.6. Review the question stems below, then unlock the full Question Bank to access markschemes, model answers, and AI grading.
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State two components that must be included in a decision tree.
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Outline what is meant by expected monetary value (EMV).
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Explain the difference between a decision node and a chance node in a decision tree.
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Explain the difference between a decision node and a chance node in a decision tree.
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State two components that must be included in a decision tree.
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Outline what is meant by expected monetary value (EMV).
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Explain why decision trees are particularly useful when making decisions under uncertainty.
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Explain why decision trees are particularly useful when making decisions under uncertainty.
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A project costs $20,000 to launch. It has a 50% chance of earning $70,000 and a 50% chance of earning $10,000. Calculate the expected monetary value (EMV).
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Explain why sunk costs should not influence the final choice in a decision tree.
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Outline one reason why probabilities in decision trees may be unreliable.
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A project has a 60% chance of earning $50,000 and a 40% chance of earning $10,000. Calculate the expected monetary value.
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Explain why probabilities are important in decision trees.
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A business must choose between Project A (EMV = $40,000) and Project B (EMV = $35,000). Identify which project would be chosen using EMV and justify your answer.
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Explain one limitation of using expected monetary value in decision-making.
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Explain how decision trees can improve communication between managers and stakeholders.
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A project costs $20,000 to launch. It has a 50% chance of earning $70,000 and a 50% chance of earning $10,000. Calculate the expected monetary value (EMV).
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Explain why sunk costs should not influence the final choice in a decision tree.
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