ADMN 232 MIDTERM CERTIFICATION
EVALUATION 2026 QUESTIONS WITH
ANSWERS GRADED A+
⩥ reactive strategy. Answer: Company does less than society expects
⩥ Defensive Strategy. Answer: company admits responsibility for a
problem but does the least required to meet societal expectations
⩥ Accommodative Strategy. Answer: a social responsiveness strategy in
which a company accepts responsibility for a problem and does all that
society expects to solve that problem
⩥ Proactive Strategy. Answer: will anticipate responsibility for a
problem before it occurs, do more than expected to address the problem,
and lead the industry in its approach
⩥ global business. Answer: the buying and selling of goods and services
by people from different countries
⩥ multinational corporation. Answer: corporations that conduct business
across national borders
,⩥ Foreign direct investment. Answer: when a company builds a new
business or buys an existing business in a foreign country.
⩥ Trade Barriers. Answer: government-imposed regulations that
increase the cost and restrict the number of imported goods
⩥ Protectionism. Answer: the use of trade barriers to protect local
companies and their workers from foreign competition.
⩥ Tariff. Answer: A tax on imported goods
⩥ Non-Tariff Barriers. Answer: non tax methods of increasing the cost
or reducing the volume of imported goods
⩥ 5 Types of Non-Tariff Barriers. Answer: Quotas, Voluntary Export
Restraints, Government Import Standards, Government Subsidies,
Customs Valuation/ Classification
⩥ Quotas. Answer: specific limits on the number or volume of imported
products
⩥ voluntary export restraint. Answer: limit the amount of a product that
can be imported annually.
, ⩥ Government Import Standards. Answer: established to protect the
health and safety of citizens
⩥ government subsidies. Answer: government loans, grants, and tax
deferments given to domestic companies to protect them from foreign
competition
⩥ Customs Valuation / Classification. Answer: Classification assigned to
imported products by government officials that affects the size of a tariff
and the imposition of import goods
⩥ General Agreement on Tariffs & Trade (GATT). Answer: a worldwide
trade agreement that reduced and eliminated tariffs, limited government
subsidies, and established protections for intellectual property
⩥ World Trade Organization (WTO). Answer: the only international
organization dealing with the global rules of trade between nations.
⩥ Regional Trading Zones. Answer: areas in which tariff and nontariff
barriers on trade between countries are reduced or eliminated
⩥ Europe's Maastricht Treaty. Answer: to transform all the different
European economies and currencies into one common market
EVALUATION 2026 QUESTIONS WITH
ANSWERS GRADED A+
⩥ reactive strategy. Answer: Company does less than society expects
⩥ Defensive Strategy. Answer: company admits responsibility for a
problem but does the least required to meet societal expectations
⩥ Accommodative Strategy. Answer: a social responsiveness strategy in
which a company accepts responsibility for a problem and does all that
society expects to solve that problem
⩥ Proactive Strategy. Answer: will anticipate responsibility for a
problem before it occurs, do more than expected to address the problem,
and lead the industry in its approach
⩥ global business. Answer: the buying and selling of goods and services
by people from different countries
⩥ multinational corporation. Answer: corporations that conduct business
across national borders
,⩥ Foreign direct investment. Answer: when a company builds a new
business or buys an existing business in a foreign country.
⩥ Trade Barriers. Answer: government-imposed regulations that
increase the cost and restrict the number of imported goods
⩥ Protectionism. Answer: the use of trade barriers to protect local
companies and their workers from foreign competition.
⩥ Tariff. Answer: A tax on imported goods
⩥ Non-Tariff Barriers. Answer: non tax methods of increasing the cost
or reducing the volume of imported goods
⩥ 5 Types of Non-Tariff Barriers. Answer: Quotas, Voluntary Export
Restraints, Government Import Standards, Government Subsidies,
Customs Valuation/ Classification
⩥ Quotas. Answer: specific limits on the number or volume of imported
products
⩥ voluntary export restraint. Answer: limit the amount of a product that
can be imported annually.
, ⩥ Government Import Standards. Answer: established to protect the
health and safety of citizens
⩥ government subsidies. Answer: government loans, grants, and tax
deferments given to domestic companies to protect them from foreign
competition
⩥ Customs Valuation / Classification. Answer: Classification assigned to
imported products by government officials that affects the size of a tariff
and the imposition of import goods
⩥ General Agreement on Tariffs & Trade (GATT). Answer: a worldwide
trade agreement that reduced and eliminated tariffs, limited government
subsidies, and established protections for intellectual property
⩥ World Trade Organization (WTO). Answer: the only international
organization dealing with the global rules of trade between nations.
⩥ Regional Trading Zones. Answer: areas in which tariff and nontariff
barriers on trade between countries are reduced or eliminated
⩥ Europe's Maastricht Treaty. Answer: to transform all the different
European economies and currencies into one common market
