Question 1

been?

Accepted Answer

A)   12
B)   2
C)   17
D)   5
E)   8F) A) and B)
G) B) and E)

Question 2

With respect to the global marketplace,what did the meltdown of the financial services sector in the fall of 2008,and the accompanying recession of 2009 bring to the forefront?

Accepted Answer

A)   liquidity and solvency issues
B)   interdependency and connectivity
C)   growth and development issues
D)   regulatory policies
E)   spending issuesF) None of the above
G) B) and D)

Question 3

The main purpose of a protective tariff is to increase the tax revenue of the government.

Accepted Answer

A) True 
 B)False

Question 4

Exporting is available only to large corporations.

Accepted Answer

A) True 
 B)False

Question 5

What has allowed trade to flourish?

Accepted Answer

A)   individualization
B)   departmentalization
C)   specialization
D)   division of labour
E)   manufacturingF) B) and E)
G) None of the above

Question 6

Franchising is popular both domestically and internationally.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following factors does not influence the value of a nation's currency?

Accepted Answer

A)   The movement in the GDP of the country in question
B)   The movement in the domestic level of income
C)   The competitiveness of the country in question
D)   The ability of the country to maintain its rate of inflation within acceptable target ranges
E)   The ability of the country to operate within an acceptable balance of trade rangeF) C) and D)
G) B) and C)

Question 8

If your business has an outstanding product,exporting offers an easy way to improve your profitability.

Accepted Answer

A) True 
 B)False

Question 9

If Canada wanted to reduce the cost of its goods in foreign markets,it could

Accepted Answer

A)   revalue its currency.
B)   devalue its currency.
C)   pay off its trade deficit.
D)   borrow from the Exim bank.
E)   sell more goods abroad.F) None of the above
G) C) and D)

Question 10

The ability of governments and their central banks to manage monetary and credit policy _______,will have significant bearing on inflationary pressures in the years to come.

Accepted Answer

A)   separately
B)   individually
C)   jointly
D)   a)  and b) 
E)   b)  and c) F) B) and C)
G) A) and E)

Question 11

Exporting is the purchase of products from another nation.

Accepted Answer

A) True 
 B)False

Question 12

is to increase national subsidies on agricultural products.

Accepted Answer

A) True 
 B)False

Question 13

An increase in the exchange rate value of the dollar causes the dollar price of foreign made goods to decrease.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is NOT a requirement for competing in today's global economy?

Accepted Answer

A)   efficient and effective production and manufacturing systems
B)   well-organized and expertly-supported trade facilitation processes
C)   efficient and effective resource allocation
D)   well-organized and expertly-supported distribution logistics
E)   solid network of financial intermediation and support.F) B) and C)
G) A) and E)

Question 15

What is Protectionism?

Accepted Answer

A)   economic policies put in place to protect and/or improve the competitiveness of domestic industries
B)   impeding or restricting the openness of a market or markets to foreign competitors
C)   the use of tariffs, trade restrictions, or other related activities
D)   the use of quotas, artificial control of currency values, or other related activities
E)   all of the aboveF) A) and B)
G) All of the above

Question 16

Why do companies look beyond their domestic markets to expand?

Accepted Answer

A)   Cost Reduction Opportunity
B)   New Market Opportunities
C)   Resource Base Control
D)   Closeness to Market
E)   All of the aboveF) All of the above
G) B) and E)

Question 17

A strategic alliance is a partnership formed to create competitive advantage on a worldwide basis.

Accepted Answer

A) True 
 B)False

Question 18

___________ is the use of government regulations to limit the import of goods and services.

Accepted Answer

A)   Trade protectionism
B)   Fiscal policy
C)   Countertrade policy
D)   Monetary policyE) A) and D)
F) All of the above

Question 19

Briefly explain the expectations for free trade in the near future?

Accepted Answer

Free-trade agreements will continue to e...

Question 20

Profitable opportunities in the global markets are diminishing for small and medium sized businesses.

Accepted Answer

A) True 
 B)False

Exam 3: The Global Marketplace

With respect to the global marketplace,what did the meltdown of the financial services sector in the fall of 2008,and the accompanying recession of 2009 bring to the forefront?

Correct AnswerverifiedShow Answer

What has allowed trade to flourish?

Correct AnswerverifiedShow Answer

Why do companies look beyond their domestic markets to expand?

Correct AnswerverifiedShow Answer

An increase in the exchange rate value of the dollar causes the dollar price of foreign made goods to decrease.

Correct AnswerverifiedShow Answer

Which of the following is NOT a requirement for competing in today's global economy?

Correct AnswerverifiedShow Answer

The main purpose of a protective tariff is to increase the tax revenue of the government.

Correct AnswerverifiedShow Answer

been?

Correct AnswerverifiedShow Answer

The ability of governments and their central banks to manage monetary and credit policy _______,will have significant bearing on inflationary pressures in the years to come.

Correct AnswerverifiedShow Answer

is to increase national subsidies on agricultural products.

Correct AnswerverifiedShow Answer

Franchising is popular both domestically and internationally.

Correct AnswerverifiedShow Answer

Briefly explain the expectations for free trade in the near future?

Correct AnswerverifiedFree-trade agreements will continue to e...View AnswerShow Answer

What is Protectionism?

Correct AnswerverifiedShow Answer

If Canada wanted to reduce the cost of its goods in foreign markets,it could

Correct AnswerverifiedShow Answer

Which of the following factors does not influence the value of a nation's currency?

Correct AnswerverifiedShow Answer

___________ is the use of government regulations to limit the import of goods and services.

Correct AnswerverifiedShow Answer

Profitable opportunities in the global markets are diminishing for small and medium sized businesses.

Correct AnswerverifiedShow Answer

If your business has an outstanding product,exporting offers an easy way to improve your profitability.

Correct AnswerverifiedShow Answer

Exporting is the purchase of products from another nation.

Correct AnswerverifiedShow Answer

A strategic alliance is a partnership formed to create competitive advantage on a worldwide basis.

Correct AnswerverifiedShow Answer

Exporting is available only to large corporations.

Correct AnswerverifiedShow Answer

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Free-trade agreements will continue to e...
View Answer

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verified

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