Selected Answer: Japan Answers: Pakistan North Korea Iraq Myanmar Japan Question 77 1 out of 1 points When compared to all other countries, the country called Theoria can produce wheat in the most efficient manner. This gives Theoria a(n) _____. Selected Answer: absolute advantage Answers: absolute disadvantage
absolute advantage comparative disadvantage domestic advantage comparative advantage Question 78 1 out of 1 points Which of the following is an international trade alliance between 21 nations that promotes open trade and economic and technical cooperation among its member nations? Selected Answer: Asia-Pacific Economic Cooperation (APEC) Answers: General Agreement on Tariffs and Trade (GATT) Association of Southeast Asian Nations (ASEAN) North American Free Trade Agreement (NAFTA) Asia-Pacific Economic Cooperation (APEC) European Union (EU) Question 79 0 out of 1 points Which of the following is true of franchising? Selected Answer: The franchisee uses its own logo in the business. Answers: A firm has to spend a huge sum of money to enter the international marketplace through franchising. The franchisee uses its own logo in the business. Franchising is especially advantageous for large manufacturers. Franchising minimizes problems associated with shipping
costs, tariffs, and trade restrictions. Franchising is a form of foreign direct investment. Question 80 1 out of 1 points Which of the following is the primary reason for establishing the World Bank? Selected Answer: To loan money to underdeveloped and developing countries Answers: To aid developed economies during financial crisis To act as a global policing service To fund the member nations of the NAFTA and EU To help developed nations obtain money to start businesses To loan money to underdeveloped and developing countries Question 81 1 out of 1 points Many countries do not permit foreign companies to purchase and operate facilities in their country. A company that wants to do business in such a country may share the business costs with a firm from the host country by forming a: Selected Answer: joint venture. Answers: joint venture. direct investment. corporation. sole proprietorship. greenfield venture. Question 82 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. Delegation of several processes leaves the outsourcing company with much lesser time to concentrate on to its core business process. Many jobs have moved overseas where those tasks can be accomplished for lower costs. The outsourced products end up having sub-standard quality because their producers lack expertise.
You've reached the end of your free preview.
Want to read all 41 pages?
- Fall '16
- carey winset
- Business, Government, Corporation