BUSI 303 Quiz 2 (Version 2), Verified and Correct answers, Liberty University

BUSI 303 Quiz 2
 Question 1
2 out of 2 points
Protect specific signs and trademarks that distinguish specific goods
and services from other goods and services.

Selected Answer: Industrial property rights




 Question 2
2 out of 2 points
Government interventions can increase global competitiveness for their
businesses, keep the balance of payments under control, and help
acquire new technologies and managerial skills from foreign firms
entering their markets; it can also promote protectionism.

Selected Answer: True


 Question 3
2 out of 2 points
Governments play a major role in support of technology by crafting
industry-specific measures, such as tax credits for research and
development of new technologies and trade policies that support
essential technology sectors.

Selected Answer: New Trade Theory


 Question 4

, 2 out of 2 points
If a nation’s ________ far exceed its ______, then the balance of
payments is out of control, or more simply stated, out of balance.

Selected Answer: surpluses, deficits


 Question 5
2 out of 2 points
This type of transaction requires extra time and energy, to make sure
that buyers are reliable and creditworthy. A company increases
payment time when it sells and ships a product overseas

Selected Answer: Export financing


 Question 6
2 out of 2 points
Most U.S. states have developed special government agencies to
partner with constituent companies to do business overseas.

Selected Answer: True


 Question 7
2 out of 2 points
Though the World Trade Organization (WTO) has officially existed
since 1995, the foundation for the rules in this trading system
originates in the GATT.

Selected Answer: True
 Question 8
2 out of 2 points
Customs officials determine which nations will be allowed to import