| 1. |
Trade between two countries can be useful if cost ratios of goods are: |
| A. | Undetermined |
| B. | Decreasing |
| C. | Equal |
| D. | Different |
| Answer» D. Different | |
| 2. |
The term Euro Currency market refers to |
| A. | The international foreign exchange market |
| B. | The market where the borrowing and lending of currencies take place outside the country of issue |
| C. | The countries which have adopted Euro as their currency |
| D. | The market in which Euro is exchanged for other currencies |
| Answer» B. The market where the borrowing and lending of currencies take place outside the country of issue | |
| 3. |
Which of the following theories suggests that firms seek to penetrate new markets over time? |
| A. | Imperfect Market Theory |
| B. | Product cycle theory |
| C. | Theory of Comparative Advantage |
| D. | None of the above |
| Answer» B. Product cycle theory | |
| 4. |
Dumping refers to: |
| A. | Reducing tariffs |
| B. | Sale of goods abroad at low a price, below their cost and price in home market |
| C. | Buying goods at low prices abroad and selling at higher prices locally |
| D. | Expensive goods selling for low prices |
| Answer» B. Sale of goods abroad at low a price, below their cost and price in home market | |
| 5. |
International trade and domestic trade differ because of: |
| A. | Different government policies |
| B. | Immobility of factors |
| C. | Trade restrictions |
| D. | All of the above |
| Answer» D. All of the above | |
| 6. |
The margin for a currency future should be maintained with the clearing house by |
| A. | The seller |
| B. | The buyer |
| C. | Either the buyer or the seller as per the agreement between them |
| D. | Both the buyer and the seller |
| Answer» D. Both the buyer and the seller | |
| 7. |
The following statement with respect to currency option is wrong |
| A. | Foreign currency- Rupee option is available in India |
| B. | An American option can be executed on any day during its currency |
| C. | Put option gives the buyer the right to sell the foreign currency |
| D. | Call option will be used by exporters |
| Answer» D. Call option will be used by exporters | |
| 8. |
Govt. policy about exports and imports is called: |
| A. | Commercial policy |
| B. | Fiscal policy |
| C. | Monetary policy |
| D. | Finance policy |
| Answer» A. Commercial policy | |
| 9. |
Which of the following is international trade: |
| A. | Trade between countries |
| B. | Trade between regions |
| C. | Trade between provinces |
| D. | Both (b) and (c) |
| Answer» A. Trade between countries | |
| 10. |
Market in which currencies buy and sell and their prices settle on is called the |
| A. | International bond market |
| B. | International capital market |
| C. | Foreign exchange market |
| D. | Eurocurrency market |
| Answer» C. Foreign exchange market | |
| 11. |
___ Companies are registered in one country, doing business in others. |
| A. | Transnational |
| B. | Multinational |
| C. | Off-shore |
| D. | International |
| Answer» C. Off-shore | |
| 12. |
The difference between interest rates in Russia and Switzerland stands for about ___ per annum. |
| A. | 10% |
| B. | 5% |
| C. | 28% |
| D. | 40% |
| Answer» B. 5% | |
| 13. |
It refers to the assumptions, values, and practices of people in the West and some elites in Non-Western cultures. |
| A. | Universal Culture |
| B. | Global culture |
| C. | Organizational culture |
| D. | All of the above |
| Answer» A. Universal Culture | |
| 14. |
___ means the high adaptation of managerial practices to a given culture, and, therefore, high effectiveness. |
| A. | Fitness for use |
| B. | High fit |
| C. | Fit and Fine |
| D. | Substitution |
| Answer» B. High fit | |
| 15. |
Erez and Gati proposed that the general model of multi-level analysis could be adopted for understanding the dynamics of ___. |
| A. | Culture |
| B. | Cultural Change |
| C. | Multi-Level analysis |
| D. | Both a and b |
| Answer» D. Both a and b | |
| 16. |
State whether it is true or not: “Around the World, wherever you are, get what you want-fast from our family of Web sites.” |
| A. | False |
| B. | True |
| C. | Incomplete |
| D. | Cannot say |
| Answer» B. True | |
| 17. |
___ has become a world-leading marketer of toys. |
| A. | California |
| B. | UAE |
| C. | Japan |
| D. | China |
| Answer» A. California | |
| 18. |
The main benefits for industrial countries would come from the liberalization of their ___ market. |
| A. | Mine |
| B. | Agriculture |
| C. | Domestic |
| D. | National |
| Answer» B. Agriculture | |
| 19. |
The non-tariff barriers are: |
| A. | Product standards |
| B. | Proliferation |
| C. | Both a and b |
| D. | Product adaptation |
| Answer» C. Both a and b | |
| 20. |
What is meant by the phrase CSR? |
| A. | Corporate Social Responsibility |
| B. | Company Social Responsibility |
| C. | Corporate Society Responsibility |
| D. | Company Society Responsibility |
| Answer» A. Corporate Social Responsibility | |
| 21. |
What does Milton Friedman believe to be the sole responsibility of business? |
| A. | The only social responsibility of business is to its shareholders |
| B. | Managers should act in ways that balance the interest of society and shareholders |
| C. | The primary responsibility organizations have is to its employees |
| D. | The primary responsibility organizations have is to its stakeholder |
| Answer» A. The only social responsibility of business is to its shareholders | |
| 22. |
What is the enlightened self-interest model of CSR? |
| A. | That it is in an organization's own best interest to put itself first rather than its ethics |
| B. | That it is in an organization's best interest to consider what a shareholder would want |
| C. | That it is in an organization's own best interest to act in an ethical way |
| D. | That it is in an organization's own best interest to follow the legislation and abide by the law. |
| Answer» A. That it is in an organization's own best interest to put itself first rather than its ethics | |
| 23. |
What does the importance of ethical behaviour, integrity and trust call into question? |
| A. | The extent to which managers should attempt to change the underlying beliefs and values of individual followers |
| B. | Who does what |
| C. | What we do next |
| D. | None of these |
| Answer» A. The extent to which managers should attempt to change the underlying beliefs and values of individual followers | |
| 24. |
Which of the following would most effectively act as the primary objective of a business organisation? |
| A. | To make a profit |
| B. | To procure resources |
| C. | To communicate with shareholders |
| D. | To mediate between the organisation and the environment |
| Answer» A. To make a profit | |
| 25. |
Which of the following does the term Corporate Social Responsibility relate to? |
| A. | Ethical conduct |
| B. | Environmental practice |
| C. | Community investment |
| D. | All of the above |
| Answer» D. All of the above | |