Chapter 07 - http://www.wordwendang.com/en/ Please go to

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: http://www.wordwendang.com/en/ Please go to http://www.wordwendang.com/en/ , where you can download million word documents . International Business, 13e (Daniels/Radebaugh/Sullivan) Chapter 7 Governmental Influence on Trade This word document was downloaded from the website: http://www.wordwendang.com/en/ , please remain this link information when you reproduce , copy, or use it. <a href='http://www.wordwendang.com/en'>word documents</a> 1) Trade protectionism may affect companies' operations in all of the following ways EXCEPT which one? A) Foreign supplies may be more difficult to obtain. B) Certain products may be sold more easily abroad. C) The transfer of personnel internationally may be more difficult. D) Certain products may be more difficult to sell abroad. Answer: C Diff: 2 Page Ref: 256 Skill: Concept Objective: STUDY QUESTION 7.1: What is trade protectionism, and why is an understanding of it useful for managers? 2) The term protectionism when applied to international trade refers to ________. A) governmental restrictions and competitive support actions to affect trade flows B) payments to dock workers to prevent pilferage of shipments C) border checks to prevent entry of illegal merchandise D) methods used to prevent the international spread of pirated materials Answer: A Diff: 1 Page Ref: 256 Skill: Concept Objective: STUDY QUESTION 7.1: What is trade protectionism, and why is an understanding of it useful for managers? 3) Why should managers have an understanding of trade protectionism? A) Trade protectionism targets factor endowments, thus affecting the best country to locate production. B) Trade protectionism may limit a company's ability to sell abroad or its ability to compete at home. C) Trade protectionism may limit the number of people permitted to practice a specific profession. D) Trade protectionism may prevent companies' enactment of merger and acquisition agreements. Answer: B Diff: 1 Page Ref: 256 Skill: Concept Objective: STUDY QUESTION 7.1: What is trade protectionism, and why is an understanding of it useful for managers? http://www.wordwendang.com/en/ Please go to http://www.wordwendang.com/en/ , where you can download million word documents . 4) Managers should understand the effect of trade protectionism because ________. A) trade protectionism may limit the number of people permitted to practice a specific profession B) trade protectionism requires the payment of high insurance rates to transport goods internationally C) trade protectionism may prevent companies' enactment of merger and acquisition agreements D) trade protectionism may make it difficult for a company to buy what it needs from foreign suppliers Answer: D Diff: 2 Page Ref: 256 Skill: Concept Objective: STUDY QUESTION 7.1: What is trade protectionism, and why is an understanding of it useful for managers?...
View Full Document

This note was uploaded on 02/22/2012 for the course ECONOMICS 15 taught by Professor Student during the Spring '12 term at American College of Computer & Information Sciences.

Page1 / 35

Chapter 07 - http://www.wordwendang.com/en/ Please go to

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online