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

This preview shows page 1 - 5 out of 22 pages.

CourseBUSI 604-B04 LUO TestTest 1 StatusCompleted Attempt Score138 out of 150 points Time Elapsed1 hour, 10 minutes out of 1 hour and 15 minutes InstructionsTime 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 submitting it.Results DisplayedSubmitted Answers, Feedback Question 1 2 out of 2 pointsEconomic health is considered (______) when a country imports considerably more than it exports.
Question 2 2 out of 2 pointsThe international market removes the boundaries of local market territories, thereby decreasing the potential market audience
Question 3 2 out of 2 points
ISO standards are designed to be implemented worldwide.
Question 4 2 out of 2 pointsAfrica was one of the oldest examples of an international trading community.
Question 5 2 out of 2 pointsForeign direct investment is an attractive option for firms looking to diversify their investment portfolios and creating opportunities for firms looking to enter emerging markets.
Question 6 2 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 business people understand the ideal goal of having a seamless international marketplace, and involvesblending and merging of various cultures.
Question 8 2 out of 2 pointsExploration and trade from Western European nations during the Renaissance led to an increased supply of (_________) from the New World, leading to an international economy based on money rather than barter.
Question 9 2 out of 2 pointsIn 1866, the telegraph opened the first transatlantic communications channel to facilitate real-time communication over long distances.
Question 10 2 out of 2 pointsThere is no notable difference in the way a nation conducts business versus the way a large
corporation conducts business.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture