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BUSI 604 Test 1 (Set-3), Questions And Answers, Liberty University
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BUSI 604 Test 1 (Set-3), Questions And Answers, Liberty University
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BUSI 604 Test 1Question 1
2 out of 2 points
The (______) brought about the first efficient forms of mass
transportation using machine power.
Selected Answer: Steam engine
Question 2
2 out of 2 points
The Information Age was characterized by a marked surge in
manufacturing techniques that included mass assembly, electricity,
and new forms of propulsion.
Selected Answer: False
Question 3
2 out of 2 points
(_______) is an attractive option for firms looking to diversify their
investment portfolios and creating opportunities for firms looking to
enter emerging markets.
Selected Answer: Foreign direct investment
Question 4
,0 out of 2 points
The U.S. is home to some of the world’s leading hardware and
software manufacturers.
Selected Answer: False
Question 5
2 out of 2 points
(_____) are much more narrowly defined than knowledge areas in that
they represent quantifiable measures.
Selected Answer: Skills
Question 6
2 out of 2 points
Improvement in transportation, advances in communications
technology, and trade-friendly legislation have all contributed to the
desire to produce a seamless global economy.
Selected Answer: True
Question 7
2 out of 2 points
Africa was one of the oldest examples of an international trading
community.
Selected Answer: False
Question 8
, 2 out of 2 points
(___), (___), and (____) are considerable operational differences of
global businesses from that of domestic businesses.
Selected Answer: All of the above
Question 9
2 out of 2 points
When a firm in one nation exchanges products, services, resources, or
capital with a firm located in another nation, this exchange constitutes
a(n) (_________).
Selected Answer: international transaction
Question 10
2 out of 2 points
(______) was a major contributor to continental trade growth between
the United States, Mexico, and Canada because it eased quotas,
tariffs, and customs procedures.
Selected Answer: NAFTA
Question 11
2 out of 2 points
The international market removes the boundaries of local market
territories, thereby decreasing the potential market audience
Selected Answer: False
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