BUSI 303 Quiz 2 (Version 1), Verified And Correct Answers, Liberty Univ

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