BUSI 604 Test 1 Test 1 201840 Fall 2018 BUSI … 16 Selected Answer: True Production is ecient when any increase or decrease in output would cause a disproportionate increase in the cost of production and when there is no alternative that would lead to a more protable production of a given product. Question 3 Selected Answer: (______) and (______) consistently rank as two of the leading suppliers to the United States, making up over 25 percent of total trade to the U.S. Canada; Mexico Question 4 Selected Answer: True The U.S. is home to some of the worlds leading hardware and software manufacturers. Question 5 Selected Answer: The (_________) was enacted to provide uniform standards and rules of engagement to a growing international trade market. World Trade Organization (WTO) Question 6 Selected Answer: Which of the following is not one of the ways political risks can be classies? functional Question 7 2 out of 2 points 2 out of 2 points 0 out of 2 points 2 out of 2 points 2 out of 2 points 9/22/2018 Review Test Submission: Test 1 201840 Fall 2018 BUSI … https://learn.liberty.edu/webapps/assessment/review/review.jsp?attempt_id=_60432058_1&course_id=_442956_1&content_id=_24349569_1&return 3/16 Selected Answer: The (_________) is home to some of the worlds leading hardware and software manufacturers. United States Question 8 Selected Answer: Through (_______), the domestic rm is able to focus its resources on areas in which it maintains a distinct competitive advantage, such as service oerings or research and development. Outsourcing Question 9 Selected Answer: True Foreign direct investment allows domestic rms to receive capital nancing from foreign entities. Question 10 Selected Answer: (_____) have been constructed to prevent domestic companies from employing underage workerseven in foreign countries. U.S. labor laws Question 11 Selected Answer: True The global business manager must possess a strong international awareness and must understand the unique factors that contribute to the success of a global business, including formal education. Question 12 2 out of 2 points 2 out of 2 points 2 out of 2 points 2 out of 2 points 2 out of 2 points 9/22/2018 Review Test Submission: Test 1 201840 Fall 2018 BUSI … https://learn.liberty.edu/webapps/assessment/review/review.jsp?attempt_id=_60432058_1&course_id=_442956_1&content_id=_24349569_1&return 4/16 Selected Answer: (___), (___), and (____) are considerable operational dierences of global businesses from that of domestic businesses. All of the above Question 13 Selected Answer: Modern trade history began with the exploration of the Western Hemisphere by (_____) in 1492. Christopher Columbus Question 14 Selected Answer: (______) are the characteristics that are unique to an individuals learning experiences or character. Attributes Question 15 Selected Answer: False There is no notable dierence in the way a nation conducts business versus the way a large corporation conducts business. Question 16 Selected Answer: Opponents of globalization claim that globalization has led to widespread government corruption as indicated through the extensive use of (______). Bribery Question 17 2 out of 2 points 2 out of 2 points 2 out of 2 points 2 out of 2 points 2 out of 2 points 9/22/2018 Review Test Submission: Test 1 201840 Fall 2018 BUSI … https://learn.liberty.edu/webapps/assessment/review/review.jsp?attempt_id=_60432058_1&course_id=_442956_1&content_id=_24349569_1&return 5/16 Selected Answer: False The North American Free Trade Agreement was enacted to provide uniform standards and rules of engagement to a growing international trade market. Question 18 Selected Answer: True ISO standards are designed to be implemented worldwide. Question 19 Selected Answer: A strong correlation exists between (_______) and (_________). Poverty; corruption Question 20 Selected Answer: True Confucianism consider it to be a philosophy of life not a religion. Question 21 Select…
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