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Exam (elaborations)

BUSM Supply Chain Fnl Exam Questions With Solutions

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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

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  • October 19, 2024
  • 64
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BUSM
  • BUSM
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UpperClass
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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