Business Environment And International Business - Study Mode

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[#171] A global company is sometimes called

(A) a joint stock company

(B) a corporation

(C) a globally integrated company

(D) None of the above

Correct Answer

(B) a corporation

[#172] If the sum of the elasticities of the exports and imports is less than one, any devaluation will further aggravate the deficit in the BOP. Who has given this view?

(A) Marshall and Lerner

(B) Harrod and Domar

(C) Solow and Swan

(D) Hickscher and Ohlin

Correct Answer

(A) Marshall and Lerner

[#173] . . . . . . . . is the economic system whereby the state holds broad powers to serve the public interest, it decides what goods and services are produced and in what quantities and demand typically exceeds supply.

(A) Centrally-planned socialism

(B) Market socialism

(C) Centrally-planned capitalism

(D) Market capitalism

Correct Answer

(A) Centrally-planned socialism

[#174] Arrange the following steps of export procedure in chronological order. 1. Order acceptance 2. Order placement 3. Goods removal from works 4. Goods readiness and documentation goods

(A) 4, 3, 2, 1

(B) 2, 1, 4, 3

(C) 3, 1, 4, 2

(D) 3, 4, 1, 2

Correct Answer

(B) 2, 1, 4, 3

[#175] The Association of Southeast Asian Nations (ASEAN) was formed in 1967 by Indonesia, Malaysia, the Philippines, Singapore, and Thailand to promote political and economic cooperation and regional stability. The ASEAN declaration is also called as

(A) Bangkok declaration

(B) Singapore declaration

(C) Bali declaration

(D) Jakarta declaration

Correct Answer

(A) Bangkok declaration