BUS-390 test 1 questions with
answers
The EU's impact on international business is
not significant, because the EU members need to
trade with other developed economies.
significant, since EU standards, especially in the
areas of the environment and sustainability,
impact any firm that wants to do business in the
EU.
negligible, given that the EU members tend to
trade with each other
significant, because the EU is a major exporter into
developing nations - CORRECT ANSWERS
✔✔significant, since EU standards, especially in the
areas of the environment and sustainability,
impact any firm that wants to do business in the
EU.
The Bali Package, proposed in 2013, focuses in
part on
market access for goods from the least-developed
countries
infrastructure in developing countries
security and technology.
,subsidies for food supplies - CORRECT ANSWERS
✔✔market access for goods from the least-
developed countries
The WTO has made progress on trade-related
intellectual property rights (TRIPS). An example of
this progress is
an agreement that property rights should not take
precedence over public health
a shared recognition that private property is a
basic human right.
an agreement that copyrights are inviolate
an agreement that governments should hold all
pharmaceutical trade secrets. - CORRECT ANSWERS
✔✔an agreement that property rights should not
take precedence over public health
What is the role of the home country in risk
assessment?
Country risk does not involve political
considerations at all.
It is a significant consideration
It has no role. What matters is the country in which
the business is conducted
, It is used initially, but then more micro issues
become the focus of CRA. - CORRECT ANSWERS
✔✔It is a significant consideration
In high-context cultures, nonverbal language plays
a minor role. Business professionals rely more on
the spoken word.
true
false - CORRECT ANSWERS ✔✔false
A major portion of the exports from developing
countries go to ________ countries, and this
proportion has been ________.
developed; increasing
developed; decreasing
developing; increasing
developing; decreasing - CORRECT ANSWERS
✔✔developed; decreasing
According to the theory of comparative advantage,
international trade can still be a positive-sum
game that benefits both countries having an
absolute advantage over one another.
answers
The EU's impact on international business is
not significant, because the EU members need to
trade with other developed economies.
significant, since EU standards, especially in the
areas of the environment and sustainability,
impact any firm that wants to do business in the
EU.
negligible, given that the EU members tend to
trade with each other
significant, because the EU is a major exporter into
developing nations - CORRECT ANSWERS
✔✔significant, since EU standards, especially in the
areas of the environment and sustainability,
impact any firm that wants to do business in the
EU.
The Bali Package, proposed in 2013, focuses in
part on
market access for goods from the least-developed
countries
infrastructure in developing countries
security and technology.
,subsidies for food supplies - CORRECT ANSWERS
✔✔market access for goods from the least-
developed countries
The WTO has made progress on trade-related
intellectual property rights (TRIPS). An example of
this progress is
an agreement that property rights should not take
precedence over public health
a shared recognition that private property is a
basic human right.
an agreement that copyrights are inviolate
an agreement that governments should hold all
pharmaceutical trade secrets. - CORRECT ANSWERS
✔✔an agreement that property rights should not
take precedence over public health
What is the role of the home country in risk
assessment?
Country risk does not involve political
considerations at all.
It is a significant consideration
It has no role. What matters is the country in which
the business is conducted
, It is used initially, but then more micro issues
become the focus of CRA. - CORRECT ANSWERS
✔✔It is a significant consideration
In high-context cultures, nonverbal language plays
a minor role. Business professionals rely more on
the spoken word.
true
false - CORRECT ANSWERS ✔✔false
A major portion of the exports from developing
countries go to ________ countries, and this
proportion has been ________.
developed; increasing
developed; decreasing
developing; increasing
developing; decreasing - CORRECT ANSWERS
✔✔developed; decreasing
According to the theory of comparative advantage,
international trade can still be a positive-sum
game that benefits both countries having an
absolute advantage over one another.
