Question 1

Even free market economies often establish some system of quotas and/or tariffs.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following refers to associations of producers that control supply and prices?

Accepted Answer

A)  Independent agencies 
B)  Cartels 
C)  Trade alliances 
D)  Multinational firms 
E)  Trade monopolies 
A)  Independent agencies 
B)  Cartels 
C)  Trade alliances 
D)  Multinational firms 
E)  Trade monopolies

Question 3

International firms conduct a good deal of their business abroad and may even maintain overseas manufacturing facilities.

Accepted Answer

A) True 
 B)False

Question 4

China and India require that when foreign firms enter into joint ventures with local firms,the local partners must have the controlling ownership stake.What is this an example of?

Accepted Answer

A)  Local content laws 
B)  Business practice laws 
C)  Fair trade agreements 
D)  Quotas 
E)  Subsidies 
A)  Local content laws 
B)  Business practice laws 
C)  Fair trade agreements 
D)  Quotas 
E)  Subsidies

Question 5

A company with high demand for its product in a particular foreign market that is associated with high transportation costs would tend to arrange a strategic alliance over any other international organization structure.

Accepted Answer

A) True 
 B)False

Even free market economies often establish some system of quotas and/or tariffs.

Which of the following refers to associations of producers that control supply and prices?

International firms conduct a good deal of their business abroad and may even maintain overseas manufacturing facilities.

China and India require that when foreign firms enter into joint ventures with local firms,the local partners must have the controlling ownership stake.What is this an example of?

A company with high demand for its product in a particular foreign market that is associated with high transportation costs would tend to arrange a strategic alliance over any other international organization structure.

The US Business Environment

Understanding Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

Managing the Business

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

Developing and Pricing Products

Distributing and Promoting Products

Information Technology Itfor Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

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Exam 4: Understanding the Global Context of Business

Even free market economies often establish some system of quotas and/or tariffs.

Which of the following refers to associations of producers that control supply and prices?

International firms conduct a good deal of their business abroad and may even maintain overseas manufacturing facilities.

China and India require that when foreign firms enter into joint ventures with local firms,the local partners must have the controlling ownership stake.What is this an example of?

A company with high demand for its product in a particular foreign market that is associated with high transportation costs would tend to arrange a strategic alliance over any other international organization structure.

The US Business Environment

Understanding Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

Managing the Business

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

Developing and Pricing Products

Distributing and Promoting Products

Information Technology Itfor Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters