BUSI 303 Quiz 2 With Answers Liberty University GradeAplus

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• Question 1 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. ... • Question 2 2 out of 2 points The U.S. Department of Commerce developed the International Trade Administration (ITA) in order to stimulate economic opportunities for U.S. businesses and their employees. • Question 3 2 out of 2 points Quotas typically • Question 4 2 out of 2 points Which of the following is NOT a strategic goal of FDI? • Question 5 2 out of 2 points When considering FDI, the most important consideration facing a corporation is the type of ________ and ________ the investing corporation will have over the foreign entity. • Question 6 2 out of 2 points _______ are special privileges offered by the government in order to attract businesses to a region or to provide them with the funding to operate successfully. • Question 7 2 out of 2 points The Balance of Payments • Question 8 2 out of 2 points Customs officials determine which nations will be allowed to import goods into the domestic system while denying other nations because no room exists for their products. • Question 9 2 out of 2 points The Whopper Index is often used as an example for PPP in that the product is the same wherever you are in the world and involves several commodities such as agriculture, labor, advertising, real estate cost, and transportation. • Question 10 2 out of 2 points Protect specific signs and trademarks that distinguish specific goods and services from other goods and services. • Question 11 2 out of 2 points Attempts to explain that nations will produce and export goods that use the highest proportion of those factors of production that are most abundant to a nation. • Question 12 2 out of 2 points In mathematical terms the current account is expressed as • Question 13 2 out of 2 points These cost savings attract international corporations desiring to increase profits while maintaining competitive prices in the global market. • Question 14 2 out of 2 points Loan in which the exporter is covered, but the value of the cover will be less than the value of the contract. • Question 15 2 out of 2 points Operations of production are moved to a less-developed nation and the cycle is complete as highly-developed nations become importers of this product. • Question 16 2 out of 2 points Was signed on January 1, 1948. Even though this agreement was accepted as provisional, it existed as an international trade agreement until 1995. • Question 17 2 out of 2 points Which of the following is NOT a purpose behind embargoes? • Question 18 2 out of 2 points International trading is very important to a nation because it generates business and government revenue and promotes varying levels of trust between trading partners. • Question 19 2 out of 2 points Which of the following are types of risk companies are exposed to in international transactions? • Question 20 2 out of 2 points Most U.S. states have developed special government agencies to partner with constituent companies to do business overseas. • Question 21 40 out of 40 points Match each term with the corresponding definition. [Show More]

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