NDSU BUSN 340 Final Questions and Answers
1. In which of the following types of economic integration systems will the establishment of a common currency be possible?
b. Economic union
Which of the following statement best describes a customs union
b. It imposes common external policies on...
NDSU BUSN 340 Final Questions and
Answers
1. In which of the following types of economic integration systems will the establishment
of a common currency be possible? - answer b. Economic union
Which of the following statement best describes a customs union - answer b. It
imposes common external policies on non-members.
3. Which of the following is NOT true about free trade agreements? - answer c. free
trade agreement eliminates tariffs on goods that have high tariffs but not goods that
already have low tariffs
4. Toyota and the European Union (EU) used to negotiate a quota each year for the
number of Japanese cars imported into Europe. When the quota system was lifted in
1999, Toyota responded by establishing a European Design and Development center in
southern France and production centers in East Europe. Which of the following best
describes Toyota's investment in the European Union - answer c. The EU lowered
trade barriers on foreign auto imports
5. When the trade barriers are removed, the size of the market increases. Domestic
firms can produce at a higher quantity, which lower production costs per unit. This is an
example of ________. - answer b. economies of scale
6. Cotton growers in Country B export nearly 700,000 bales of cotton per year. The
government of Country B limits the import of cotton to 1 million bales per year. This is
an example of _________. - answer b. quota
7. Entrepreneurial firms can internationalize without venturing abroad by each of the
following EXCEPT ________. - answer c. harvesting and existing through sell-off
8. Which of the following is NOT true about the Ease of Doing Business, an index
developed by the World Bank that ranks 189 countries? - answer c. all the Easiest
countries have high standards of living and advanced economies
Which of the following is true of SMEs? - answer b. They account for over 95 per
cent of total firms around the world.
10. With regard to investment in start-ups, investment by _____ is considered as
informal investment - answer d. friends
, 11. A recent survey revealed that more than nine out of ten people prefer a watch made
by firms in Switzerland to one made in India or U.S.A or any other country. This is an
example of _____. - answer the country-of-origin effect
12. Which of the following is an advantage shared by both greenfield operations and
acquisitions? - answer a. Protection of know-how
13. With regard to foreign market entry, the resource-based view argues that foreign
firms need to - answer c. deploy overwhelming resources and capabilities to offset
their liability of foreignness
14. Tintin is a new cartoon series created by Teletoon, a Canadian-based company.
Tintin becomes so popular in China that Teletoon was approached by a Chinese toy
manufacturing firm about licensing agreement. The CEO of Teletoon is evaluating the
pros and cons of such an agreement before making the decision.
Which of the following questions would be more important for the CEO to consider
before entering the agreement? - answer How much control will Teletoon be able to
maintain if it enters the agreement?
15. Tintin is a new cartoon series created by Teletoon, a Canadian-based company.
Tintin becomes so popular in China that Teletoon was approached by a Chinese toy
manufacturing firm about licensing agreement. The CEO of Teletoon is evaluating the
pros and cons of such an agreement before making the decision.
Which of the following statements will most likely support the CEO's decision to enter
the agreement? - answer b. The brand is not easily counterfeited because it will be
protected by the intellectual property law in China.
16. Tintin is a new cartoon series created by Teletoon, a Canadian-based company.
Tintin becomes so popular in China that Teletoon was approached by a Chinese toy
manufacturing firm about licensing agreement. The CEO of Teletoon is evaluating the
pros and cons of such an agreement before making the decision.
Which of the following most likely supports the CEO's decision NOT to enter the
agreement? - answer d. Teletoon wants to maintain full control of how the character
is used.
17. Which of the following is an example of franchising? - answer b. A U.S. fast-food
restaurant gives rights to another business to use its entire business system in
exchange for compensation and royalties.
18. In which of the following strategies is knowledge mostly developed and retained at
the center and key locations? - answer a. Global standardization strategy
19. The _____ structure is the opposite of the geographic area structure. - answer d.
global product division
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