INBU 3301 FINAL REVIEW QUESTIONS WITH
VERIFIED ACCURATE ANSWERS
Privatization transfers the ownership of private property into the hands of the state.
TRUE OR FALSE? - Answers - FALSE
There is a strong relationship between economic freedom and economic growth. TRUE
OR FALSE? - Answers - TRUE
According to the opening case, Bombardier is a good example of:
A) domestic markets
B) foreign exchange
C) globalization of production
D) outsourcing
E) deregulation - Answers - C) globalization of production
The globalization of __________ refers to the sourcing of goods and services from
locations around the globe to take advantage of national differences in the cost and
quality of factors of production (such as labour, energy, land, and capital).
A) information technology
B) process design
C) markets
D) production
E) R&D - Answers - D) production
A firm exports a number of products to users in other countries. This practice is referred
to as __________.
A) world exchange
B) international trade
C) cross-national barter
D) situational commerce
E) multinational diversification - Answers - B) international trade
XYZ, Inc. is an auto parts distributing warehouse that exports many of its products to
consumers in other countries. XYZ Inc. can be described as engaging in:
A) international trade.
B) cross-border investments.
C) product development.
D) trading barriers.
, E) international procurement - Answers - A) international trade
Although Inco is a Canadian company, it has invested substantial business resources in
activities outside Canada. This practice is referred to as:
A) transnational commerce
B) foreign direct investment
C) international trade
D) organizational diversification
E) outsourcing - Answers - B) foreign direct investment
A law system that is based primarily on religious teachings, refers to a
A) civil law system.
B) theocratic law system.
C) common law system.
D) traditional law system.
E) canon law system - Answers - B) theocratic law system
The Canadian legislation that makes bribery of a foreign official by a Canadian business
person a criminal offence is known as what?
A) Foreign Corrupt Practices Act
B) Copyright infringement
C) Corruption Perceptions Index
D) Law OECD 1998
E) Bill S-21 - Answers - E) Bill S-21
Suppose you invent a new product and want to obtain the exclusive rights to
manufacture the product. To protect yourself, you should apply for a __________ on the
product.
A) trust
B) patent
C) copyright
D) trademark
E) logo - Answers - B) patent
Suppose Apple corporation develops a new type of phone. Apple can protect its
invention through what kind of protection?
A) warrant
B) patent
C) copyright
D) trademark
E) contract - Answers - B) patent
VERIFIED ACCURATE ANSWERS
Privatization transfers the ownership of private property into the hands of the state.
TRUE OR FALSE? - Answers - FALSE
There is a strong relationship between economic freedom and economic growth. TRUE
OR FALSE? - Answers - TRUE
According to the opening case, Bombardier is a good example of:
A) domestic markets
B) foreign exchange
C) globalization of production
D) outsourcing
E) deregulation - Answers - C) globalization of production
The globalization of __________ refers to the sourcing of goods and services from
locations around the globe to take advantage of national differences in the cost and
quality of factors of production (such as labour, energy, land, and capital).
A) information technology
B) process design
C) markets
D) production
E) R&D - Answers - D) production
A firm exports a number of products to users in other countries. This practice is referred
to as __________.
A) world exchange
B) international trade
C) cross-national barter
D) situational commerce
E) multinational diversification - Answers - B) international trade
XYZ, Inc. is an auto parts distributing warehouse that exports many of its products to
consumers in other countries. XYZ Inc. can be described as engaging in:
A) international trade.
B) cross-border investments.
C) product development.
D) trading barriers.
, E) international procurement - Answers - A) international trade
Although Inco is a Canadian company, it has invested substantial business resources in
activities outside Canada. This practice is referred to as:
A) transnational commerce
B) foreign direct investment
C) international trade
D) organizational diversification
E) outsourcing - Answers - B) foreign direct investment
A law system that is based primarily on religious teachings, refers to a
A) civil law system.
B) theocratic law system.
C) common law system.
D) traditional law system.
E) canon law system - Answers - B) theocratic law system
The Canadian legislation that makes bribery of a foreign official by a Canadian business
person a criminal offence is known as what?
A) Foreign Corrupt Practices Act
B) Copyright infringement
C) Corruption Perceptions Index
D) Law OECD 1998
E) Bill S-21 - Answers - E) Bill S-21
Suppose you invent a new product and want to obtain the exclusive rights to
manufacture the product. To protect yourself, you should apply for a __________ on the
product.
A) trust
B) patent
C) copyright
D) trademark
E) logo - Answers - B) patent
Suppose Apple corporation develops a new type of phone. Apple can protect its
invention through what kind of protection?
A) warrant
B) patent
C) copyright
D) trademark
E) contract - Answers - B) patent
