問題一覧
1
A _ allows for a delay in payment—normally 30, 60, 90, or 120 days.
Time Draft
2
Firms Enganing in a _ with local companies can benefit from local partner’s knowledge of the host countries competitive conditions, language , culture, political systems and business systems
joint venture
3
According to Milton Friedman, the social responsibility of business is to
increase profits
4
Commodity products like bulk chemicals, petroleum,sugar and steel do not require much differentiation because taste and preference for these products similar all round the world. These products are called
universal needs
5
One key component of a country’s legal system is
defining rights and obligations of those involved in business transactions
6
What is true of acquisitions?
In many cases, firms make acquisitions to preempt their competitors .
7
The was established on October 24, 1945, by 51 countries commiked to preserving peace through interna7onal cooperation and collective security.
United Nations
8
Which is a step in the shift toward a market-based economic system?
creation of a legal system to safeguard property rights
9
What is the result of the threat of antidumping action ?
It limits the ability of a firm to use aggressive pricing to gain market share in a country.
10
Which statement is true of turnkey projects?
A turnkey strategy is particularly useful where FDI is limited by host-government regulations .
11
How has the euro contributed to increasing competition in the European region?
by making price comparisons easy
12
If a firm can realise location economies by moving production elsewhere it should avoid
exporting
13
As a receipt, the bill of lading indicates that the carrier
has obtained the merchandise described on the face of the document.
14
Who benefits from an import tariff?
the government
15
Regarding the four components of the diamond, Porter contends that government
can influence each of the four components of the diamond either positively or negatively .
16
A capital-intensive country exports products that are capital intensive. Which theory is this an example of?
Heckscher-Ohlin
17
Which statement is true of countertrade?
Countertrade occurs when goods and services are traded for other goods and services.
18
The abolition of in a command economy distorts incentive and competition .
private ownership
19
Several studies have shown that economic advancement and are important factors in societal change.
globalisation
20
The rise in the number of mini-multinationals means that
small businesses are becoming increasingly involved in international trade and investment.