quiz 3, chapter 3 business in a borderless world - Question 1 1 out of 1 points When a nation imports more than it exports it has a positive balance of

quiz 3, chapter 3 business in a borderless world - Question...

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Question 1 1 out of 1 points When a nation imports more than it exports, it has a positive balance of trade. Selected Answer: Fals e Answers: True Fals e Question 2 1 out of 1 points Why has outsourcing become a controversial practice in the United States? Selected Answer: Many jobs have moved overseas where those tasks can be accomplished for lower costs. Answers: Outsourcing empowers the outsourcing company with more managerial control. The losses incurred out of the hidden costs of outsourcing are making companies go bankrupt. Many jobs have moved overseas where those tasks can be accomplished for lower costs. Delegation of several processes leaves the outsourcing company with much lesser time to concentrate on to its core business process. The outsourced products end up having sub-standard quality because their producers lack expertise. Question 3 1 out of 1 points Which of the following terms can be best defined as the purchase of goods and services from foreign sources? Selected Answer: Importi ng Answers: Importi ng Licensing Franchisin g Dumping
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Exporting Question 4 0 out of 1 points Agro Corp., based in the country of Arahonia, is a company that produces agricultural products. The domestic market of Arahonia is not sufficient to support Agro Corp.'s large-scale level of production because Arahonia is a small but highly industrialized country. Thus, Agro Corp. decides to sell its products to the agriculture-based country of Petinberg at less than their production cost. This process is termed as _____. Selected Answer: outsourci ng Answers: outsourcin g offshoring dumping monopolizi ng franchising Question 5 1 out of 1 points The U.S. set up maquiladoras in China. Selected Answer: Fals e Answers: True Fals e Question 6 0 out of 1 points Which of the following is an example of foreign direct investment? Selected Answer: A U.S. investor buying stocks of a German automobile manufacturing company Answers: A Chinese steel manufacturing firm exporting 60 percent of its output to European nations A U.S. investor buying stocks of a German automobile
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