Business Environment And International Business - Study Mode

[#351] Which of the following is/are the assumptions of the Law of One Price? (i) Restriction on the movement of goods between countries (ii) No transportation costs (iii) No tariffs
Correct Answer

(C) Both (ii) and (iii)

[#352] Which of the following are considered as the main elements of business ethics?
Correct Answer

(A) Values, rights and duties

[#353] In respect of international business, a project is called a turnkey project because
Correct Answer

(D) The licensor and the licensee jointly carry out the project and agree to share profit equally

[#354] The Flagship Project of Government of India launched for generating guaranteed employment in rural areas is known as
Correct Answer

(B) MNREGA

[#355] Both foreign direct investment (FDI) and foreign portfolio investment (FPI) are related to investment in a country. Which of the following is incorrect regarding FDI and FPI?
Correct Answer

(B) FII invests in technology-oriented enterprises, whereas FPI invests in traditional business setups