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BUSI 604 - Test 1.docx - Course Test Status Attempt Score...

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CourseBUSI 604-B04 LUOTestTest 1StatusCompletedAttempt Score138 out of 150 pointsTime Elapsed1 hour, 10 minutes out of 1 hour and 15 minutesInstructionsTime limit: 1 hour and 15 minutes75 true/false and multiple-choice questionsOpen-book/open-notesDo not hit the BACK button as this will lock you out of the test.The timer will continue if you leave this test without submittingit.Results DisplayedSubmitted Answers, FeedbackQuestion 12 out of 2 pointsEconomic health is considered (______) when a country imports considerably more than itexports.
Question 22 out of 2 pointsThe international market removes the boundaries of local market territories, therebydecreasing the potential market audience
Question 32 out of 2 points
ISO standards are designed to be implemented worldwide.
Question 42 out of 2 pointsAfrica was one of the oldest examples of an international trading community.
Question 52 out of 2 pointsForeign direct investment is an attractive option for firms looking to diversify theirinvestment portfolios and creating opportunities for firms looking to enter emerging markets.
Question 62 out of 2 pointsEmbargoes are defined as the prohibition of commerce and trade with a certain nation.
Question 7
2 out of 2 pointsGlobalization creates interdependencies, requires transparency, necessitates that businesspeople understand the ideal goal of having a seamless international marketplace, and involvesblending and merging of various cultures.
Question 82 out of 2 pointsExploration and trade from Western European nations during the Renaissance led to anincreased supply of (_________) from the New World, leading to an international economybased on money rather than barter.
Question 92 out of 2 pointsIn 1866, the telegraph opened the first transatlantic communications channel to facilitate real-time communication over long distances.
Question 102 out of 2 pointsThere is no notable difference in the way a nation conducts business versus the way a large
corporation conducts business.

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Term
Fall
Professor
Romanoski
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