BUSM Supply Chain Fnl Exam Questions With Solutions
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Course
BUSM
Institution
BUSM
BUSM Supply Chain Fnl Exam Questions
With Solutions
A natural barrier that faces Argentina when it sells beef to Siberia is:
custom regulations
exchange controls
government controls
distance
taxes distance
BUSM Supply Chain Fnl Exam Questions
With Solutions
A natural barrier that faces Argentina when it sells beef to Siberia is:
custom regulations
exchange controls
government controls
distance
taxes distance
Currency markets operate under a system called _____. This means that prices of currencies vary
based upon demand and supply of that currency.
variable trade
variable costs
international trade rate
floating exchange rate
breakeven point floating exchange rate
, BUSM Supply Chain Fnl Exam Questions
With Solutions
When Grand Metropolitan, a British company, purchased U.S.-based Pillsbury Co. in order to
expand its product line and the market for its existing consumer products, it was an example of
a(n):
direct foreign investment
limited partnership
international corporation
international cooperative
cooperative cartel direct foreign investment
In 1914, the United States prohibited the importation of Mexican avocados even though Mexico
is the world's largest producer of the fruit. This prohibition remained in effect until 1996. The
ban on importing Mexican avocados is an example of a(n):
import quota
embargo
restrictive limit
boycott
tariff embargo
, BUSM Supply Chain Fnl Exam Questions
With Solutions
_____ are laws that require a company earning foreign currency from its exports to sell the
foreign currency to a control agency, usually a central bank.
Currency policies
Rates of exchange
Laws of balanced exchange
Favorable exchange regulations
Exchange controls Exchange controls
The karakul is a breed of Central Asian sheep that produces curly, glossy wool. This wool is
popular in some countries for the manufacturing of warm hats and coats. Since the breed can
only be grown in Central Asia, this region can be said to have a(n):
absolute advantage
advantageous distinction
comparative advantage
total advantage
economy of scale absolute advantage
, BUSM Supply Chain Fnl Exam Questions
With Solutions
The _____ is an agreement that dramatically lowered trade barriers worldwide and created the
new World Trade Organization (WTO).
Uruguay Round
North American Free Trade Agreement
Maastricht Treaty
Mercosur
International Monetary Fund Uruguay Round
An enterprise in which two or more firms or investors (including governments) share ownership
of a business and its property rights is called a(n):
cooperative
international partnership
joint venture
cartel
limited partnership joint venture
In 1998, the Canadian Magazine Publisher's Association (CMPA) predicted the demise of many
Canadian magazines because the World Trade Organization (WTO) made it legal for U.S.
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