test 1 busi 604.docx - Question 1 2 out of 2 points Africa...

  • Liberty University
  • BUSI 604
  • scastellanosforero
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Question 1 2 out of 2 points Africa was one of the oldest examples of an international trading community.
Question 2 2 out of 2 points Which of the following is not included in the set of shared categories that characterizes a culture?
Question 3 2 out of 2 points The rank of the top five countries (largest to smallest) by GDP as of 2015 are as follows: United States, China, Germany, Japan, and United Kingdom.
Question 4 2 out of 2 points Any corporation or enterprise that manages production establishments or delivers services in at least three countries may be considered a MNC.
Question 5 2 out of 2 points (______) are the characteristics that are unique to an individual’s learning experiences or character.
Question 6 2 out of 2 points The (______) heralded the introduction of mass production, improved transportation, technological progress, and the industrial factory system.
Question 7 2 out of 2 points When a firm in one nation exchanges products, services, resources, or capital with a firm located in another nation, this exchange constitutes a(n) (_________).
Question 8 2 out of 2 points
There is no notable difference in the way a nation conducts business versus the way a large corporation conducts business.
Question 9 2 out of 2 points The Industrial Revolution technically could be traced to the invention of the telephone and the telegraph in the late 1800s, it rose to the forefront in the early 1970s with the advent of the microprocessor.
Question 10 2 out of 2 points Through (_______), the domestic firm is able to focus its resources on areas in which it maintains a distinct competitive advantage, such as service offerings or research and development.
Question 11 2 out of 2 points The health of a given economy can be measured in part by the number of exports it has relative to the number and economic value of its imports.
Question 12 2 out of 2 points Horizontal integration extends a firm's competitive scope within the same industry by performing production activities normally provided by a supplier or distributor.

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