Business > EXAM > Liberty University BUS 604. Test 1. Grade A+ Questions and Answers (All)

Liberty University BUS 604. Test 1. Grade A+ Questions and Answers

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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 The U.S. is home to some of the world’s leading hardware and software manufacturers. 2 out of 2 points 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 ( ), ( ), and ( ) are considerable operational differences of global businesses from that of domestic businesses. 2 out of 2 points Selected Answer: All of the above • Question 15 2 out of 2 points The Industrial Revolution technically could be traced to the invention of the telephone and the telegraph in the late 1800s, it rose to the forefront in the early 1970s with the advent of the microprocessor. Selected Answer: Fals e [Show More]

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