Question 1

What are three basic levels of involvement available for a firm that decides to conduct business internationally?

Accepted Answer

The firm may act as an exporter or impor

Question 2

Describe the relationship of exports and imports in a country's balance of trade and its balance of payments.

Accepted Answer

Exports are products created domesticall

Question 3

What organization was founded in Pacific Asia in 1967 for economic, political, social, and cultural cooperation?

Accepted Answer

A)  SEATO 
B)  ASEAN 
C)  CENTO 
D)  OAS 
E)  WTO 
A)  SEATO 
B)  ASEAN 
C)  CENTO 
D)  OAS 
E)  WTO

Question 4

Which of the following is illegal in the United States?

Accepted Answer

A)  dumping but not cartels 
B)  cartels but not dumping 
C)  only certain kinds of dumping and cartels 
D)  neither dumping nor cartels 
E)  both dumping and cartels 
A)  dumping but not cartels 
B)  cartels but not dumping 
C)  only certain kinds of dumping and cartels 
D)  neither dumping nor cartels 
E)  both dumping and cartels

Question 5

A subsidy is a tax designed to help companies who import products.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following types of payments are usually received by an exporter as an ongoing payment calculated as a percentage of the license holder's sales?

Accepted Answer

A)  flat fees 
B)  royalties 
C)  agent fees 
D)  subsidies 
E)  direct investments 
A)  flat fees 
B)  royalties 
C)  agent fees 
D)  subsidies 
E)  direct investments

Question 7

ABC Company in the United States has given exclusive rights to XYZ Company in Switzerland to manufacture its products. What is this is an example of?

Accepted Answer

A)  a foreign direct investment 
B)  a licensing arrangement 
C)  a branch office setup 
D)  a strategic alliance 
E)  an import-export relationship 
A)  a foreign direct investment 
B)  a licensing arrangement 
C)  a branch office setup 
D)  a strategic alliance 
E)  an import-export relationship

Question 8

Explain a floating exchange rate.

Accepted Answer

A floating exchange rate allows the valu

What are three basic levels of involvement available for a firm that decides to conduct business internationally?

Describe the relationship of exports and imports in a country's balance of trade and its balance of payments.

What organization was founded in Pacific Asia in 1967 for economic, political, social, and cultural cooperation?

Which of the following is illegal in the United States?

A subsidy is a tax designed to help companies who import products.

Which of the following types of payments are usually received by an exporter as an ongoing payment calculated as a percentage of the license holder's sales?

ABC Company in the United States has given exclusive rights to XYZ Company in Switzerland to manufacture its products. What is this is an example of?

Explain a floating exchange rate.

The Us Business Environment

Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

Business Management

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Pricing, Distributing, and Promoting Products

Information Technology for Business

The Role of Accountants and Accounting Information

Money and Banking

Managing Finances

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Exam 4: The Global Context of Business

What are three basic levels of involvement available for a firm that decides to conduct business internationally?

Describe the relationship of exports and imports in a country's balance of trade and its balance of payments.

What organization was founded in Pacific Asia in 1967 for economic, political, social, and cultural cooperation?

Which of the following is illegal in the United States?

A subsidy is a tax designed to help companies who import products.

Which of the following types of payments are usually received by an exporter as an ongoing payment calculated as a percentage of the license holder's sales?

ABC Company in the United States has given exclusive rights to XYZ Company in Switzerland to manufacture its products. What is this is an example of?

Explain a floating exchange rate.

The Us Business Environment

Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

Business Management

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Pricing, Distributing, and Promoting Products

Information Technology for Business

The Role of Accountants and Accounting Information

Money and Banking

Managing Finances

Filters