BUSI 303 Exam 2, Verified and Correct answers, Liberty University

BUSI 303 Exam 2

 Question 1
2.5 out of 2.5 points
An operational bottleneck refers to the fact that the capacity flow of a
multistep production process is limited to the total output of the slowest
process.
Selected Answer: True



 Question 2
2.5 out of 2.5 points
The convergence of international and domestic pricing also indicates
the era of the global producer.
Selected Answer: False



 Question 3
2.5 out of 2.5 points
Continuity is an important aspect of the KANBAN cluster, which holds
the distance between the supplier and the manufacturing hub as a key
focus in the acquisition of raw materials.
Selected Answer: True



 Question 4
2.5 out of 2.5 points
The progressive stages of economic integration in order of intensity
are: Preferential Trade Areas, Custom Unions, Free Trade Areas,

, Common Markets, and EUs.
Selected Answer: False


 Question 5
2.5 out of 2.5 points
Firms with reactive motivation will most likely enter the international
market because they want to take the initiative, while proactive firms
expand internationally by necessity to remain competitive.
Selected Answer: False



 Question 6
2.5 out of 2.5 points
A license is an agreement that allows one party to use an industrial
property right in exchange for payment to the other party. The party
giving the license is the licensee, while the party that gets to use the
right is the licensor.
Selected Answer: False



 Question 7
2.5 out of 2.5 points
In process planning, make or buy decisions can be taken lightly.
Selected Answer: False


 Question 8
2.5 out of 2.5 points
Export intermediaries provide expertise to inexperienced exporters as
they enter overseas markets.