Business Environment And International Business - Practice Test

(A) The WTO is run by its member governments. All major decisions are made by the membership as a whole

(B) Some decisions are made by ministers who usually meet at least once every two years

(C) Some decisions are made by their ambassadors or delegates who meet regularly in Geneva

(D) All of the above

(D) All of the above

(A) 1, 2 and 3

(B) 1 and 2

(C) 2 and 3

(D) 1 and 3

(C) 2 and 3

(A) Lower prices

(B) Better selection

(C) Clear origin of goods and services

(D) Improved service

(C) Clear origin of goods and services

(A) Balance of current account + Balance of capital account + Statistical discrepancy

(B) Export of goods and invisibles - Import of goods

(C) Foreign exchange inflow - Foreign exchange outflow

(D) Export of goods and invisibles + Import of goods and invisibles

(A) Balance of current account + Balance of capital account + Statistical discrepancy

(A) a-1, b-3, c-4, d-2

(B) a-3, b-1, c-2, d-4

(C) a-3, b-1, c-4, d-2

(D) a-3, b-4, c-2, d-1

(C) a-3, b-1, c-4, d-2

Business Environment And International Business - Study Mode