Exam (elaborations)
BUSI 604 Test 1 (Set-2), Questions And Answers, Liberty University
- Course
- Institution
BUSI 604 Test 1 (Set-2), Questions And Answers, Liberty University
[Show more]
Seller
Follow
QUIZSCORE
Reviews received
Content preview
BUSI 604 Test 1 Question 1
2 out of 2 points
(_______), increasing market audience, receiving foreign direct
investment are reasons international trade is important to the United
States.
Selected Answer: Maximizing production and efficiency
Question 2
2 out of 2 points
Embargoes are defined as the prohibition of commerce and trade with
a certain nation.
Selected Answer: True
Question 3
2 out of 2 points
Which of the following is not included in the set of shared categories
that characterizes a culture?
Selected Answer: motivation
, Question 4
2 out of 2 points
Market factors are the (______), (______), and (_____) that vary from
one region to another.
Selected Answer: demographic, sociologic, and economic forces
Question 5
2 out of 2 points
(______) has emerged as a cost-leading manufacturer of products
ranging from consumer goods to industrial equipment.
Selected Answer: China
Question 6
2 out of 2 points
Foreign direct investment allows domestic firms to receive capital
financing from foreign entities.
Selected Answer: True
Question 7
2 out of 2 points
Opponents of globalization claim that globalization has led to
widespread government corruption as indicated through the extensive
use of (______).
Selected Answer: Bribery
Question 8
2 out of 2 points
, Africa was one of the oldest examples of an international trading
community.
Selected Answer: False
Question 9
2 out of 2 points
There is no notable difference in the way a nation conducts business
versus the way a large corporation conducts business.
Selected Answer: False
Question 10
2 out of 2 points
Economic health is considered (______) when a country imports
considerably more than it exports.
Selected Answer: Negative
Question 11
2 out of 2 points
The U.S. is home to some of the world’s leading hardware and
software manufacturers.
Selected Answer: True
Question 12
2 out of 2 points
Production is efficient 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 profitable production
of a given product.
Selected Answer: True
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller QUIZSCORE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78252 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now