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BUSI 604 Test 1.

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Question 1 2 out of 2 points (_______), increasing market audience, receiving foreign direct investment are reasons international trade is important to the United States. Selected Answer: Maximizing production and efficiency  Question 2 2 out of 2 points Embargoes are defined as the prohibition of commerce and trade with a certain nation. Selected Answer: Tru e  Question 3 2 out of 2 points Which of the following is not included in the set of shared categories that characterizes a culture? Selected Answer: motivati on  Question 4 2 out of 2 points Market factors are the (______), (______), and (_____) that vary from one region to another. Selected Answer: demographic, sociologic, and economic forces  Question 5 2 out of 2 points (______) has emerged as a cost-leading manufacturer of products ranging from consumer goods to industrial equipment. Selected Answer: Chin a  Question 6 2 out of 2 points Foreign direct investment allows domestic firms to receive capital financing from foreign entities. Selected Answer: Tru e  Question 7 2 out of 2 points Opponents of globalization claim that globalization has led to widespread government corruption as indicated through the extensive use of (______). Selected Answer: Briber y  Question 8 2 out of 2 points Africa was one of the oldest examples of an international trading community. Selected Answer: Fals e  Question 9 2 out of 2 points There is no notable difference in the way a nation conducts business versus the way a large corporation conducts business. Selected Answer: Fals e  Question 10 2 out of 2 points Economic health is considered (______) when a country imports considerably more than it exports. Selected Answer: Negati ve  Question 11 2 out of 2 points The U.S. is home to some of the world’s leading hardware and software manufacturers. Selected Answer: Tru e  Question 12 2 out of 2 points Production is efficient when any increase or decrease in output would cause a disproportionate increase in the cost of production and when there is no alternative that would lead to a more profitable production of a given product. Selected Answer: Tru e  Question 13 2 out of 2 points Improvement in transportation, advances in communications technology, and trade-friendly legislation have all contributed to the desire to produce a seamless global economy. Selected Tru Answer: e  Question 14 2 out of 2 points (___), (___), and (____) are considerable operational differences of global businesses from that of domestic businesses. Selected Answer: All of the above

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