1|Page
Busi 3250 Exam 2 | Expert Verified
Questions With Correct Answers
Nationalization is also called-correct-answer-Expropriation
the taking of private property by a government to make it public-correct-answer-
Nationalization
US Government took over ownership of what company during crisis of 2008-
2009?-correct-answer-GM
the selling of government owned property to the private sector to gain more
efficiency in business operations, to raise money or to change in political
climate/philosophy-correct-answer-Privatization (why governments sell
businesses)
Protect the economic activities of citizens. Unfair competition is minimized
through-correct-answer-national laws, negotiations between governments, efforts
of institutions like World Bank
,2|Page
unlawful acts of violence committed for a wide variety of reasons-correct-answer-
terrorism
What provides a source of operating funds for terrorists?-correct-answer-
Kidnapping
hijacking and kidnapping on the seas-correct-answer-Piracy
any illegal Internet-mediated activity that takes place in electronic networks-
correct-answer-Cybercrime
North Korea tries to hack Pfizer for COVID data is an example of?-correct-answer-
Cybercrime
What are four areas of increasing concern to governments?-correct-answer-
protection from terrorism, piracy, kidnapping, cybercrime and other threats
, 3|Page
Country Risk Assessment-correct-answer-An assessment of a country's economic
situation and politics to determine how much risk to employees, property, and
investment exists for the firm doing business there
6 reasons for restricting trade-correct-answer-Provide for National Defense,
Impose Sanctions, Protect an Infant or Dying Industry, Protect Domestic Jobs,
Ensure Fair Competition, Retaliate
While trade is promoted - in 1982 ag tariffs averaged _______% - in comparison
manufactured good tariffs=____%-correct-answer-62%; 4%
Reasons to restrict trade to provide for national defense-correct-answer--Certain
industries need protection from imports because they are vital to security
-economists say this is a weak argument
Reasons to restrict trade to impose sanctions-correct-answer--Inflict economic
damage, punish, or encourage change of behavior
-Seldom achieve their goal
-Produce collateral economic damage
Busi 3250 Exam 2 | Expert Verified
Questions With Correct Answers
Nationalization is also called-correct-answer-Expropriation
the taking of private property by a government to make it public-correct-answer-
Nationalization
US Government took over ownership of what company during crisis of 2008-
2009?-correct-answer-GM
the selling of government owned property to the private sector to gain more
efficiency in business operations, to raise money or to change in political
climate/philosophy-correct-answer-Privatization (why governments sell
businesses)
Protect the economic activities of citizens. Unfair competition is minimized
through-correct-answer-national laws, negotiations between governments, efforts
of institutions like World Bank
,2|Page
unlawful acts of violence committed for a wide variety of reasons-correct-answer-
terrorism
What provides a source of operating funds for terrorists?-correct-answer-
Kidnapping
hijacking and kidnapping on the seas-correct-answer-Piracy
any illegal Internet-mediated activity that takes place in electronic networks-
correct-answer-Cybercrime
North Korea tries to hack Pfizer for COVID data is an example of?-correct-answer-
Cybercrime
What are four areas of increasing concern to governments?-correct-answer-
protection from terrorism, piracy, kidnapping, cybercrime and other threats
, 3|Page
Country Risk Assessment-correct-answer-An assessment of a country's economic
situation and politics to determine how much risk to employees, property, and
investment exists for the firm doing business there
6 reasons for restricting trade-correct-answer-Provide for National Defense,
Impose Sanctions, Protect an Infant or Dying Industry, Protect Domestic Jobs,
Ensure Fair Competition, Retaliate
While trade is promoted - in 1982 ag tariffs averaged _______% - in comparison
manufactured good tariffs=____%-correct-answer-62%; 4%
Reasons to restrict trade to provide for national defense-correct-answer--Certain
industries need protection from imports because they are vital to security
-economists say this is a weak argument
Reasons to restrict trade to impose sanctions-correct-answer--Inflict economic
damage, punish, or encourage change of behavior
-Seldom achieve their goal
-Produce collateral economic damage
