Question:

Credits transferable by original beneficiary in favor of secondary beneficiary areknown as

A.

Deferred credits

B.

Transit credits

C.

Installment credits

D.

Transferable credits

Answer» a. Deferred credits

Question:

Which of the following attributes is NOT seen as being necessary for an organization to become a ‘learning organization’?

A.

Cultural diversity

B.

Top management commitment

C.

Openness to new ideas

D.

Willingness to experiment and risk making mistakes

Answer» a. Cultural diversity

Question:

The International Monetary Fund is important because:

A.

It has sufficient financial resources to deal with a major global financial crisis.

B.

It has sufficient financial resources to help individual countries facing balance of payments problems.

C.

Emerging economies can exercise significant influence on it.

D.

It fixes exchange rates.

Answer» a. It has sufficient financial resources to deal with a major global financial crisis.

Question:

Successful business relationships tend to:

A.

Combine relational contracts – to build trust in the long term – with transactional contracts to cover specific situations

B.

Depend upon tightly written legal contracts that take account of every potential problem or issue

C.

Rely upon firms being able to trust their employees and partners

D.

Be treated as finite games that both partners know will end sooner or later

Answer» a. Combine relational contracts – to build trust in the long term – with transactional contracts to cover specific situations