Business Environment And International Business - Study Mode
[#406] Consider the following statements and identify the right ones. 1. A double entry system of record of all economic transactions between the residents of a country and rest of the world is called balance of trade. 2. All transactions related to goods, services or income are classified as capital account.
Correct Answer
(D) None of the above
[#407] Rapid economic development or economic growth requires most efficient use of the
Correct Answer
(A) country's resources
[#408] What is the situation referred to as, amongst the following, when intra-region trade is duty free but there is variation in tariff structure for import from a third country?
Correct Answer
(C) Free Trade Area
[#409] Flow of foreign loans and investments affect:
Correct Answer
(C) Capital Account balance
[#410] Which of the following is deemed to be a very important factor that provides competitive advantage to a business organization?
Correct Answer
(A) Innovation