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Liberty University BUSI 303 exam 2 complete solutions correct answers A+ work 2021
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Stuvia.com - The Marketplace to Buy and Sell your Study MaterialLiberty University BUSI 303 Exam 2 (2019)
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Question 1
2.5 out of 2.5 points
Companies often find motivational reasons to expand globally. These motivations can be
categorized into 4 groups: primary, alternate, proactive and reactive.
Selected Answer: False
Question 2
2.5 out of 2.5 points
The progressive stages of economic integration, in order of intensity are: Preferential
Trade Area, Custom Union, Free Trade Area, Common Market, and EU.
Selected Answer: False
Question 3
2.5 out of 2.5 points
A large portion of all FX market transactions are spot transactions.
Selected Answer: True
Question 4
2.5 out of 2.5 points
The Euro is the world’s leading currency.
Selected Answer: False
Question 5
2.5 out of 2.5 points
Every country may not necessarily have its own security exchange.
Selected Answer: False
Question 6
2.5 out of 2.5 points
The intended outcome of regional economic integration is to promote economic prosperity
and stability among signatory nations.
Selected Answer: True
Question 7
2.5 out of 2.5 points
The initial goal of NAFTA was to increase investment and decrease tariffs between
Mexico and the U.S.
Selected Answer: True
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Question 8
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2.5 out of 2.5 points
Decisions to move domestic operations and products into the global marketplace include
the desire to increase sales and profitability and to realize cost savings and profitability as
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a result of a partial or whole relocation in a foreign nation.
Selected Answer: True
Question 9
2.5 out of 2.5 points
Two types of entry modes are available into a market: low intensity and high intensity. The
main difference between the two depends on how much risk and/or control an entering
business is willing to take.
Selected Answer: True
Question 10
2.5 out of 2.5 points
Capacity planning is suggested, but not necessary, within operations management to allow
companies to succeed.
Selected Answer: False
Question 11
2.5 out of 2.5 points
In the U.S., the Federal Reserve Bank is responsible to regulate the growth of the
economy.
Selected Answer: True
Question 12
2.5 out of 2.5 points
The intent of forming a trading bloc may range from the potential of trade creation to the
desire for economic protectionism.
Selected Answer: True
Question 13
2.5 out of 2.5 points
Firms with reactive motivation will most likely enter the international market because they
want to take the initiative to be aggressive while proactive firms go international because
they must in order to compete.
Selected Answer: False
Question 14
2.5 out of 2.5 points
One of the benefits of trading blocs is greater division of labor.
Selected Answer: True
Question 15
2.5 out of 2.5 points
Two major contributing circumstances of the demise of the gold standard were the Great
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