BUSI 604 Test 1
Question 1
2 out of 2 points
(_______), increasing market audience, receiving foreign direct
investment are reasons international trade is important to the United
States.
Selected Answer: Maximizing production and efficiency
Question 2
2 out of 2 points
Embargoes are defined as the prohibition of commerce and trade with
a certain nation.
Selected Answer: True
Question 3
2 out of 2 points
Which of the following is not included in the set of shared categories
that characterizes a culture?
Selected Answer: motivation
, Question 4
2 out of 2 points
Market factors are the (______), (______), and (_____) that vary from
one region to another.
Selected Answer: demographic, sociologic, and economic forces
Question 5
2 out of 2 points
(______) has emerged as a cost-leading manufacturer of products
ranging from consumer goods to industrial equipment.
Selected Answer: China
Question 6
2 out of 2 points
Foreign direct investment allows domestic firms to receive capital
financing from foreign entities.
Selected Answer: True
Question 7
2 out of 2 points
Opponents of globalization claim that globalization has led to
widespread government corruption as indicated through the extensive
use of (______).
Selected Answer: Bribery
Question 8
2 out of 2 points
, Africa was one of the oldest examples of an international trading
community.
Selected Answer: False
Question 9
2 out of 2 points
There is no notable difference in the way a nation conducts business
versus the way a large corporation conducts business.
Selected Answer: False
Question 10
2 out of 2 points
Economic health is considered (______) when a country imports
considerably more than it exports.
Selected Answer: Negative
Question 11
2 out of 2 points
The U.S. is home to some of the world’s leading hardware and
software manufacturers.
Selected Answer: True
Question 12
2 out of 2 points
Production is efficient when any increase or decrease in output would
cause a disproportionate increase in the cost of production and when
there is no alternative that would lead to a more profitable production
of a given product.
Selected Answer: True
Question 1
2 out of 2 points
(_______), increasing market audience, receiving foreign direct
investment are reasons international trade is important to the United
States.
Selected Answer: Maximizing production and efficiency
Question 2
2 out of 2 points
Embargoes are defined as the prohibition of commerce and trade with
a certain nation.
Selected Answer: True
Question 3
2 out of 2 points
Which of the following is not included in the set of shared categories
that characterizes a culture?
Selected Answer: motivation
, Question 4
2 out of 2 points
Market factors are the (______), (______), and (_____) that vary from
one region to another.
Selected Answer: demographic, sociologic, and economic forces
Question 5
2 out of 2 points
(______) has emerged as a cost-leading manufacturer of products
ranging from consumer goods to industrial equipment.
Selected Answer: China
Question 6
2 out of 2 points
Foreign direct investment allows domestic firms to receive capital
financing from foreign entities.
Selected Answer: True
Question 7
2 out of 2 points
Opponents of globalization claim that globalization has led to
widespread government corruption as indicated through the extensive
use of (______).
Selected Answer: Bribery
Question 8
2 out of 2 points
, Africa was one of the oldest examples of an international trading
community.
Selected Answer: False
Question 9
2 out of 2 points
There is no notable difference in the way a nation conducts business
versus the way a large corporation conducts business.
Selected Answer: False
Question 10
2 out of 2 points
Economic health is considered (______) when a country imports
considerably more than it exports.
Selected Answer: Negative
Question 11
2 out of 2 points
The U.S. is home to some of the world’s leading hardware and
software manufacturers.
Selected Answer: True
Question 12
2 out of 2 points
Production is efficient when any increase or decrease in output would
cause a disproportionate increase in the cost of production and when
there is no alternative that would lead to a more profitable production
of a given product.
Selected Answer: True
