Question:

The basic objective of export Promotion Council is to promote and develop the Exports of the

A.

Particular products of country

B.

Only attractive projects of the country

C.

Only services industry products of the country

D.

none

Answer» a. Particular products of country

Question:

Which of the following is NOT an important element to look for when selecting an alliance partner?

A.

Very similar culture and resources

B.

Compatible expectations and objectives

C.

They should have as much to lose as you do if the alliance fails

D.

Resources that complement your own

Answer» a. Very similar culture and resources

Question:

South–South co-operation means —

A.

the flow of resources from one developing country to another

B.

increasing diplomatic relations among emerging economies

C.

increasing investment between developing countries

D.

rising trade between countries

Answer» a. the flow of resources from one developing country to another

Question:

How does international law facilitate international trade and investment?

A.

It makes it easier to resolve contract disputes for firms involved in international trade and investment.

B.

It allows business to choose the most favorable national legal system to institute proceedings.

C.

The terms used in international conventions are open to differing interpretations.

D.

The Uniform Commercial Code favors big US multinationals.

Answer» c. The terms used in international conventions are open to differing interpretations.

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

Question:

A holding company is:

A.

An organization with a balanced portfolio of individual businesses

B.

A decentralized organization with a small head office that organizes finance for the subsidiaries

C.

A centralized organization with a small head office that helps subsidiaries develop and finance their strategies

D.

A decentralized organization with a large head office that offers a broad range of advice and services to subsidiaries

Answer» b. A decentralized organization with a small head office that organizes finance for the subsidiaries

Question:

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 send money from one country to another.

D.

Making it easier for governments to censor the information received by their citizens from abroad.

Answer» a. Making it more difficult to contact potential customers abroad.