Business Environment And International Business - Practice Test

[#291] Which one among the following is not a part of TRIPS agreement?

(A) Industrial Design

(B) Geographical Indications

(C) Interior Design

(D) Layout Designs of Integrated Circuits

Correct Answer

(C) Interior Design

[#292] When a company takes over another one and clearly becomes a new owner, the action is called

(A) Merger

(B) Acquisition

(C) Strategic alliance

(D) None of the above

Correct Answer

(B) Acquisition

[#293] Match List-I with List-II and select the correct answer: List I List II a. Supply side of international trade 1. David b. Demand side of international trade 2. Bastable and Alfred Marshall c. Opportunity cost international trade 3. G. Haberler d. Real cost theory of international trade 4. Alfred Marshall and Edgeworth

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

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

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

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

Correct Answer

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

[#294] Which one is not an element of internal environment?

(A) Marketing capability

(B) Operational capability

(C) Money and capital market

(D) Personnel capability

(E) Marketing capability

(F) Operational capability

(G) Money and capital market

(H) Personnel capability

Correct Answer

(C) Money and capital market
(G) Money and capital market

[#295] International trade is theoretically based on which principle?

(A) Theory of comparative advantage

(B) Theory of absolute advantage

(C) Both A and B

(D) None of the above

Correct Answer

(A) Theory of comparative advantage

Business Environment And International Business - Study Mode

[#291] Which one among the following is not a part of TRIPS agreement?

Correct Answer

[#292] When a company takes over another one and clearly becomes a new owner, the action is called

Correct Answer

Correct Answer

[#294] Which one is not an element of internal environment?

Correct Answer

[#295] International trade is theoretically based on which principle?

Correct Answer