Question 1

International firms conduct a good deal of their business abroad and may even maintain overseas manufacturing facilities.

Accepted Answer

A) True 
 B)False

Question 2

Even free market economies often establish some system of quotas and/or tariffs.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following refers to associations of producers that control supply and prices?

Accepted Answer

A)   Independent agencies
B)   Cartels
C)   Trade alliances
D)   Multinational firms
E)   Trade monopoliesF) A) and D)
G) None of the above

Question 4

China and India require that when foreign firms enter into joint ventures with local firms,the local partners must have the controlling ownership stake.What is this an example of?

Accepted Answer

A)   Local content laws
B)   Business practice laws
C)   Fair trade agreements
D)   Quotas
E)   SubsidiesF) C) and E)
G) B) and E)

Question 5

A company with high demand for its product in a particular foreign market that is associated with high transportation costs would tend to arrange a strategic alliance over any other international organization structure.

Accepted Answer

A) True 
 B)False

Exam 4: Understanding the Global Context of Business

International firms conduct a good deal of their business abroad and may even maintain overseas manufacturing facilities.

Correct Answer
verified

A company with high demand for its product in a particular foreign market that is associated with high transportation costs would tend to arrange a strategic alliance over any other international organization structure.

Correct Answer
verified

Even free market economies often establish some system of quotas and/or tariffs.

Correct Answer
verified

China and India require that when foreign firms enter into joint ventures with local firms,the local partners must have the controlling ownership stake.What is this an example of?

Correct Answer
verified

Which of the following refers to associations of producers that control supply and prices?

Correct Answer
verified

Exam 4: Understanding the Global Context of Business

International firms conduct a good deal of their business abroad and may even maintain overseas manufacturing facilities.

Correct AnswerverifiedShow Answer

A company with high demand for its product in a particular foreign market that is associated with high transportation costs would tend to arrange a strategic alliance over any other international organization structure.

Correct AnswerverifiedShow Answer

Even free market economies often establish some system of quotas and/or tariffs.

Correct AnswerverifiedShow Answer

China and India require that when foreign firms enter into joint ventures with local firms,the local partners must have the controlling ownership stake.What is this an example of?

Correct AnswerverifiedShow Answer

Which of the following refers to associations of producers that control supply and prices?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified