Exam (elaborations)
BUAD 331 Final Exam with Verified Solutions
- Course
- Institution
BUAD 331 Final Exam with Verified Solutions
[Show more]
Content preview
BUAD 331 Final Exam with Verified SolutionsWhat is the most common way that countries agree to increase trade?
A. Through unilateral removal of tariffs on imports
B. Through the GATT treaty agreement
C. Through WTO negotiations
D. Through negotiating bilateral or multilateral FTAs Correct Ans-D. Through negotiating
bilateral or multilateral FTAs
When was the World Trade Organization founded?
A. 1785
B. 1895
C. 1905
D. 1995 Correct Ans-D. 1995
The legal system used in the United States is based on:
A. Napoleonic law.
B. common law.
C. civil law.
D. code law. Correct Ans-B. common law.
Supply chain management has a widely accepted definition that does not vary substantially
between countries.
, BUAD 331 Final Exam with Verified Solutions
A. True
B. False Correct Ans-B. False
Which framework is most useful for companies wanting to build an initial assessment of the
general operating environment in a country?
A. EPIC
B. CAGE
C. SWOT
D. FARM Correct Ans-A. EPIC
What type of company will likely work with international supply chains?
A. Large multinational company
B. Regional company
C. Small business
D. All of the above Correct Ans-D. All of the above
Labor laws in the United States are generally seen to be more-friendly to the international
worker than those in most other countries.
A. True
B. False Correct Ans-B. False
, BUAD 331 Final Exam with Verified Solutions
When entering a new international market, the following question(s) should be asked to
understand cultural differences:
A. How are decisions made?
B. How are relationships approached
C. How is success measured?
D. A & B
E. All of the above Correct Ans-E. All of the above
The _______ was created as an international agency to oversee the new exchange rate system
and to help bridge difficulties and financial crises in individual member companies.
A. GATT
B. WTO
C. ITC
D. IMF Correct Ans-D. IMF
Two-thirds of the world's countries including France and Germany use what type of law as the
basis for their legal system?
A. Civil Law
B. Common Law
C. Trade Law
D. International Law Correct Ans-A. Civil Law
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 TheeGrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now