BUSN MIDTERM EXAM 2025 EXAM WITH
COMPLETE QUESTIONS AND CORRECT
ANSWERS 100% VERIFIED ALREADY
GRADED A+
_____ is the current chairman of the Federal Reserve. Correct
Answer Ben Bernanke
If the Fed wants to increase the money supply it should: Correct
Answer buy government securities.
Which of the following is not a fundamental right of capitalism?
Correct Answer right to keep profits and not pay taxes
The economic measure that provides the most information about
what is happening to prices of consumer goods is the Correct
Answer CPI.
Banks help increase the money supply by Correct Answer
extending more loans to credit-worthy consumers.
Supply refers to the quantity of products that producers are willing
to offer for sale Correct Answer at different market prices.
,Which of the following is not a degree of competition? Correct
Answer NATURAL COMPETITION
In capitalism, people strive to raise their standard of living.
Businesses contribute to this goal by Correct Answer OFFERING
VALUE TO THE CUSTOMER
The M2 money supply includes Correct Answer all currency, most
savings accounts, money market accounts, and certificates of
deposit.
What cause is attributable to the failure of socialism and
communism wherever they have been attempted throughout the
world? Correct Answer Capitalism, with its agility and potential for
a country's economic growth, has been largely responsible for the
failure of both communism and socialism.
Which of the following industries operates under a market
structure of monopolistic competition? Correct Answer clothing
industry
_____ is the most basic level of international market development
and involves shipping domestically produced products overseas.
Correct Answer EXPORTING
,Companies that do business with customers in developing nations
that lack access to hard currencies are likely to make extensive
use of Correct Answer COUNTERTRADING
Bean's Crazy is a coffee shop specializing in organically grown
coffee and bagels. The founders of the company are interested in
quickly expanding into the international marketplace with little risk
to their capital holdings. At a recent meeting, they asked you to
come up with the best strategy for reaching the global market.
After giving it much thought you suggest the company's best
option would be Correct Answer FRANCHISING
What is the European Union? Correct Answer A COMMON
MARKET
The International Monetary Fund's (IMF) basic mission is to
promote international economic cooperation and stable growth. To
achieve these goals, the IMF does all of the following EXCEPT
Correct Answer provides technical advice on building a
functioning court system.
Foreign _____ involves a firm buying the rights to produce,
promote, and use the domestic firm's trademark/patents in a
defined geographical area as long as there is agreement on
specific operating procedures. Correct Answer licensing
When comparing a nation's balance of trade with its balance of
payments, it is important to realize that Correct Answer the
, balance of payments includes the balance of trade, but it also
includes other financial flows such as foreign borrowing and
lending.
The logic behind international trade, in regard to the factors of
production, is Correct Answer international trade allows increased
access to the factors. For instance, the U.S. has capital, India and
China have inexpensive skilled labor, and OPEC nations have
vast reserves of natural resources.
The three countries participating in the North American Free
Trade Agreement (NAFTA) are Correct Answer Canada, Mexico,
and the United States.
Foreign licensing involves _____ risk and _____ control than
foreign direct investment. Correct Answer LOWER; LESS
Define joint venture. Correct Answer two or more companies
sharing resources, risks, and profits without merging
Tanya Osborne, the chief executive officer of Osborne Computer
recently announced she was considering using foreign licensing
to enter the Chinese market. What is one problem Osborne
Computer might experience when using foreign licensing as an
international entry strategy? Correct Answer Unethical licensees
may become competitors in the future.
COMPLETE QUESTIONS AND CORRECT
ANSWERS 100% VERIFIED ALREADY
GRADED A+
_____ is the current chairman of the Federal Reserve. Correct
Answer Ben Bernanke
If the Fed wants to increase the money supply it should: Correct
Answer buy government securities.
Which of the following is not a fundamental right of capitalism?
Correct Answer right to keep profits and not pay taxes
The economic measure that provides the most information about
what is happening to prices of consumer goods is the Correct
Answer CPI.
Banks help increase the money supply by Correct Answer
extending more loans to credit-worthy consumers.
Supply refers to the quantity of products that producers are willing
to offer for sale Correct Answer at different market prices.
,Which of the following is not a degree of competition? Correct
Answer NATURAL COMPETITION
In capitalism, people strive to raise their standard of living.
Businesses contribute to this goal by Correct Answer OFFERING
VALUE TO THE CUSTOMER
The M2 money supply includes Correct Answer all currency, most
savings accounts, money market accounts, and certificates of
deposit.
What cause is attributable to the failure of socialism and
communism wherever they have been attempted throughout the
world? Correct Answer Capitalism, with its agility and potential for
a country's economic growth, has been largely responsible for the
failure of both communism and socialism.
Which of the following industries operates under a market
structure of monopolistic competition? Correct Answer clothing
industry
_____ is the most basic level of international market development
and involves shipping domestically produced products overseas.
Correct Answer EXPORTING
,Companies that do business with customers in developing nations
that lack access to hard currencies are likely to make extensive
use of Correct Answer COUNTERTRADING
Bean's Crazy is a coffee shop specializing in organically grown
coffee and bagels. The founders of the company are interested in
quickly expanding into the international marketplace with little risk
to their capital holdings. At a recent meeting, they asked you to
come up with the best strategy for reaching the global market.
After giving it much thought you suggest the company's best
option would be Correct Answer FRANCHISING
What is the European Union? Correct Answer A COMMON
MARKET
The International Monetary Fund's (IMF) basic mission is to
promote international economic cooperation and stable growth. To
achieve these goals, the IMF does all of the following EXCEPT
Correct Answer provides technical advice on building a
functioning court system.
Foreign _____ involves a firm buying the rights to produce,
promote, and use the domestic firm's trademark/patents in a
defined geographical area as long as there is agreement on
specific operating procedures. Correct Answer licensing
When comparing a nation's balance of trade with its balance of
payments, it is important to realize that Correct Answer the
, balance of payments includes the balance of trade, but it also
includes other financial flows such as foreign borrowing and
lending.
The logic behind international trade, in regard to the factors of
production, is Correct Answer international trade allows increased
access to the factors. For instance, the U.S. has capital, India and
China have inexpensive skilled labor, and OPEC nations have
vast reserves of natural resources.
The three countries participating in the North American Free
Trade Agreement (NAFTA) are Correct Answer Canada, Mexico,
and the United States.
Foreign licensing involves _____ risk and _____ control than
foreign direct investment. Correct Answer LOWER; LESS
Define joint venture. Correct Answer two or more companies
sharing resources, risks, and profits without merging
Tanya Osborne, the chief executive officer of Osborne Computer
recently announced she was considering using foreign licensing
to enter the Chinese market. What is one problem Osborne
Computer might experience when using foreign licensing as an
international entry strategy? Correct Answer Unethical licensees
may become competitors in the future.
