LONDON SCHOOL of ENERGY STUDIES

RIG ENGINEERING FUNDAMENTALS

TOTAL MARKS:100 TIME DURATION: 3 HOURS ANSWER ALL SEVEN QUESTIONS (1 MARK EACH)
1. 2. 3. 4. 5. 6. 7. What is globalization? What is a global company? What is geo-centric orientation? What is contract manufacturing? What is a zero-sum game? What is green field investment? Who put forward the Absolute Advantage Theory?

ANSWER ANY FIVE QUESTIONS (5 MARKS EACH)

8. Explain the New Trade Theory with suitable examples. 9. Discuss the IMF and its role in international scenario. 10. What are the different management orientations towards overseas management. Elaborate. 11. Explain the different modes of international business. 12. Explain in detail National Competitive Advantage a.k.a Porters Diamond. 13. Trace the factors that lead to the formation of OPEC and discuss its different functions.

ANSWER ANY FOUR QUESTIONS (8 MARKS EACH)

14. What is exporting? Explain in detail the different phases of export development. 15. Explain the critical issues in international trade. 16. Explain in detail the four categories of cultural dimensions as classified by Greef Hofstede. 17. Explain the Product Lifecycle Theory 18. Explain the formation and the functions of European Union.

ANSWER ANY THREE QUESTIONS (12 MARKS EACH)

19. Explain briefly the following: a. Multinational Enterprises(MNEs)

b. Born Global Firm c. Distribution Channel Intermediaries d. Freight Forwarders 20. Explain the following trade theories. a. Mercantilism b. Absolute Advantage Theory c. Theory of Comparative Advantage d. Factor Proportion Theory/ Heckler-Ohlin Theory/ Factor Endowment Theory 21. Discuss the major economic systems in the world. Evaluate the pros and cons of each economic system. 22. Explain the following trade methods, with suitable examples: a. Exporting b. Counter Trade c. Joint Venture d. Licensing e. Global sourcing