Business Environment And International Business - Study Mode

[#611] China is an example of a . . . . . . . . system.
Correct Answer

(C) capitalism

[#612] Which among the following are important bodies of WTO? (i) Dispute Settlement Body (ii) NAFTA (iii) Trade Policy Review Body (iv) ASEAN (v) Council for Trade in Goods (vi) IBRD (vii) Council for Trade related aspects of Intellectual Property Rights (viii) GATT An appropriate combination is
Correct Answer

(C) (i), (iii), (v), (vii)

[#613] Which one of the following is true statement?
Correct Answer

(B) A balance of payment deals with both visible and invisible items

[#614] The recession phase of the trade cycle will normally be accompanied by all of the following except one point from the following options
Correct Answer

(A) An increase in the rate of inflation

[#615] The companies globalize their operations through different means
Correct Answer

(D) All of the above