Description : Trade between two countries can be beneficial if cost ratio between two countries are ( a) Same (b) Different © Undetermined (d) Decreasing
Last Answer : (b) Different
Description : Terms of trade of developing countries are generally favourable because A. They export primary goods B. They import value added goods C. They export few goods D. Both (a) and (b)
Last Answer : Both (a) and (b)
Description : Quantitative restrictions refer to limit set by countries to curb A. Measures that affect trade in goods. B. Measures that lead to restrictions in quantities. C. Discouraging measures that limit a company’s imports. D. Discouraging measures that limit a company’s exports.
Last Answer : Discouraging measures that limit a company’s exports.
Description : Terms of trade of a country show A. Ratio of goods exported and imported B. Ratio of import duties C. Ratio of prices of exports and imports D. (a) and (c) as given above
Last Answer : Ratio of prices of exports and imports
Description : Two countries can gain from foreign trade if A. Cost ratios are differentB. Price ratios are different C. Tariff rates are different D. (a) and (b) above
Last Answer : (a) and (b) above
Description : If Japan and Pakistan start free trade, cost of wages in two countries will A. Increase B. Decrease C. No effectD. Double
Last Answer : Decrease
Description : The gains from two nations depend on A. Domestic barter rates B. Different in the domestic barter rates of the two countries C. Terms of trade D. Degree of absolute advantage.
Last Answer : Terms of trade
Description : The main objective of International Monetary Fund (IMF) was to A. Promote International trade B. Help economically backward countries C. Maintain stable exchange rates D. Promote international liquidity
Last Answer : Help economically backward countries
Description : As a part of WTO guidelines, Agreement on Agriculture (AOA) doesn't consider A. Direct payments to farmers are permitted. B. Indirect assistance and support to farmers including R & D support by govt. are ... and trade have to be cut back. D. Least developed countries do not need to make any cuts.
Last Answer : Indirect assistance and support to farmers including R & D support by govt. are not permitted.
Description : The balance of payments of a country on current account is equal to A. Balance of trade plus short term B. Balance of trade plus net invisible exports C. Balance of payment minus capital flows
Last Answer : Balance of trade plus net invisible exports
Description : International trade and domestic trade differ because of A. Trade restrictions B. Immobility of factors C. Different government policies D. All of the above
Last Answer : All of the above
Description : Kind of organization which have integrated worldwide corporate units in different countries is classified as A. alliance enterprise B. global enterprise C. interdependence enterprise D. multinational enterprise
Last Answer : global enterprise
Description : A tariff is: A. Restriction on the number of export firms B. Limit on the amount of imported goods C. Taxation on imports D. (b) and (c) as mentioned above
Last Answer : Taxation on iTaxation on importsmports
Description : Which of the following is not true of changes in a firm's technological environment? A. New technology allows for new ways of communicating with a firm's customers. B. New technology always ... allow new goods and. services to be developed. D. New technology lowers the production learning curve.
Last Answer : New technology always leads to benefits for firms.
Description : According to Porter, dealing with the paradox of premature commitment versus not enough commitment involves some kind of: A. Trade-off B. Lock-in C. Lock-outD. Diversification
Last Answer : Lock-out
Description : In terms of the PESTLE analysis, the liberalizing of international trade and tariff regimes could go in which section or sections? A. Political B. Legal C. Political and economic and legal D. Political and environmental
Last Answer : Political and environmental
Description : A tariff: A. Increases the volume of trade B. Decreases the volume of trade C. Has no effect on the volume of trade D. Both (b) and (c)
Last Answer : Decreases the volume of trade
Description : Modern theory of international trade is based on the view of A. Adam Smith B. Ricardo C. Hecksher and Ohlin D. Hicks
Last Answer : Hecksher and Ohlin
Description : Theory of international trade was given by:- A. Adam Smith B. Ricardo C. Hicks D. Ohlin
Last Answer : Ricardo
Description : Which of the following is a driver of globalization? A. Trade barriers and controls on inflows of foreign direct investment. B. Weak competition. C. Technological advance. D. Economies of scale are being exploited to the maximum.
Last Answer : Trade barriers and controls on inflows of foreign direct investment.
Description : Which of the following do NOT facilitate globalization? A. Improvements in communications B. Removal of barriers to trade and investment C. Immigration controlsD. Removal of controls on movement of capital across borders
Last Answer : Immigration controls
Description : Globalization refers to: A. A more integrated and interdependent world B. Less foreign trade and investment C. Global warming D. Lower incomes worldwide
Last Answer : . A more integrated and interdependent world
Description : Buying and selling of products and services from firms in other countries is called A. importing and exporting B. regional alliances C. national alliances D. international alliances
Last Answer : importing and exporting
Description : Hofstede found that some countries have a long-term orientation while others focus on the short term. His results mean that: A. US business would be happy to invest in nuclear power and space ... from ten-year investment projects. D. Indian business is impatient for a return on its investments.
Last Answer : British businesses prefer investments with a quick return.
Description : Ageing of the population is caused by: A. Low birth rates. B. High death rates. C. The immigration of workers from other countries. D. High fertility rates.
Last Answer : Low birth rates.
Last Answer : Low birth rates
Description : Which of the following is not a driver of globalization? A. The fragmentation of consumer tastes between countries. B. The competitive process. C. Multinational companies successfully persuading governments to lower trading barriers. D. The need to gain economies of scale.
Last Answer : The competitive process.
Description : Globalization is beneficial for firms because: A. It protects them against foreign competition. B. It cushions them from the effects of events in other countries. C. It opens up new market opportunities. D. It increases the risk and uncertainty of operating in a globalizing world economy.
Last Answer : It opens up new market opportunities.
Description : Type of organization which has operating units in some foreign countries is classified as A. alliance enterprise B. global enterprise C. interdependence enterprise D. multinational enterprise
Last Answer : multinational enterprise
Description : A Most Favored nation status doesn’t necessarily refers to A. Same and equal economic treatment B. Non-discriminatory treatment C. Same tariff rates applicable D. Uniform civil code
Last Answer : Uniform civil code
Description : Which of the following is NOT a business opportunity generated by globalization? A. Access to low cost labour. B. Cheap International transport. C. Currency crises. D. Less stringent regulation of the business environment.
Last Answer : Cheap International transport.
Description : According to Porter, if an organization does not follow either a cost leadership strategy or a differentiation strategy they are: A. Hybrid B. Stuck in the middle C. Typical D. No frills
Last Answer : Stuck in the middle
Description : Porter's generic strategies are: A. Low price, differentiation, focus B. Cost leadership, differentiation, cost focus, focus differentiation C. Price leadership, differentiation, focus D. Low cost, differentiation, focus differentiation
Last Answer : Price leadership, differentiation, focus
Description : Firm that operate internationally are able to A. earn a greater return from their skills and core competencies B. realize location economies where they can be performed most efficiently C. realize greater experience curve economies, which reduces the cost of production D. All the above
Last Answer : All the above
Last Answer : Currency crises.
Description : The internet facilitates globalization by: A. Making it more difficult to contact potential customers abroad. B. Cutting the cost for firms of communicating across borders. C. Making it harder to ... Making it easier for governments to censor the information received by their citizens from abroad.
Last Answer : Cutting the cost for firms of communicating across borders.
Description : All societal forces that affect values, actions and beliefs of different groups of people are altogether called A. expatriationB. repatriation C. culture D. economy
Last Answer : culture
Description : Different cultures sometimes vary in their attitudes to time. In cultures where people follow event time: A. It is important to turn up for meetings on time. B. Much time is devoted to having a chat ... running over time, people do not wait for it to finish before moving on to the next event.
Last Answer : Much time is devoted to having a chat over a coffee during the working day.
Description : With the globalization of markets, the tastes and preferences of consumers world-wide are: A. Becoming similar to the tastes and preferences of American consumers. B. Converging ... by international organizations. D. Being encouraged by multinational organizations to become increasingly similar.
Last Answer : Converging upon a global norm.
Description : Subsidiaries consider the regional environment for policy or Strategy formulation is known as _____. a. Polycentric Approach b. Regiocentric Approach c. Ethnocentric Approach d. Geocentric Approach
Last Answer : Regiocentric Approach
Description : ______ is the application of knowledge which redefines the boundaries of global business. a. Cultural Values b. Society c. Technology d. Economy
Last Answer : Technology
Description : Ultimately ______ was replaced by the ______ on 1st Jan 1995. a. GATS, WTO b. WTO, GATT c. GATT, WTOd. IMF, GATT
Last Answer : GATT, WTO
Description : Which is the right sequence of stages of Internationalization? a. Domestic, Transnational, Global, International, Multinational b. Domestic, International, Multinational, Global, Transnational ... , International, Transnational, Global d. Domestic, International, Transnational, Multinational, Global
Last Answer : Domestic, International, Multinational, Global, Transnational
Description : The first phase of globalization started around 1870 and ended with _______. a. World War I b. World War II c. The Establishment of GATT d. In 1913 when GDP was high
Last Answer : World War I
Description : IBRD also known as _____. a. Exim Bank b. World Bank c. International Monetary fund d. International Bank
Last Answer : World Bank
Description : IBRD stands for _____. a. International Board for Research and Development b. International Bank for Reconstruction and Development c. International Bank for Research Development d. International Barrier For Reconstruction and Development
Last Answer : International Bank for Reconstruction and Development
Description : Dimension of culture in which masculine values prevail over feminism values is classified as A. masculinity ⁄ femininity B. power distance C. orientation distance D. none of above
Last Answer : masculinity ⁄ femininity
Description : Dimension of culture which defines extent of people how they act as individuals instead of representing as groups is classified as A. orientation distance B. power distance C. individualism D. certainty avoidance
Last Answer : individualism