McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Master of Business Administration (MBA) .
Chapters
| 51. |
If the price of the Japanese Yen declines considerably against the British Pound: |
| A. | it is always because of British government interference. |
| B. | it is always because of Japanese government interference. |
| C. | British goods are relatively cheaper for Japanese consumers. |
| D. | Japanese goods are relatively cheaper for British consumers. |
| Answer» D. Japanese goods are relatively cheaper for British consumers. | |
| 52. |
If a Japanese firm sold $10 billion of machinery in US and the US dollar declined against the Japanese currency: |
| A. | the Japanese firm will report more revenue (in terms of Yen) than if the US dollar had remained stable. |
| B. | the Japanese firm will report less revenue (in terms of Yen) than if the US dollar had remained stable. |
| C. | the Japanese company will make sure that the difference is paid back to its affiliate. |
| D. | the Japanese company will move funds to the home country. |
| Answer» B. the Japanese firm will report less revenue (in terms of Yen) than if the US dollar had remained stable. | |
| 53. |
Which of the following is not a reason to erect trade barriers? |
| A. | Promote import activity. |
| B. | Reduce reliance on foreign suppliers. |
| C. | Protect local jobs. |
| D. | Encourage local production. |
| Answer» A. Promote import activity. | |
| 54. |
Which of the following countries is not a member of OPEC? |
| A. | Iran. |
| B. | Iraq. |
| C. | Venezuela. |
| D. | Afghanistan. |
| Answer» D. Afghanistan. | |
| 55. |
A company of the US has excess products that it does not want to sell into the US market because it will bring down the domestic price and instead sells it at another country at below the cost of production. What is this called? |
| A. | Countervailing. |
| B. | International trade |
| C. | Dumping. |
| D. | none |
| Answer» C. Dumping. | |
| 56. |
Agreement on Textile and clothing was set out as a transitional process on 01 Jan 1995 for the ultimate removal of quotas by WTO by 01 Jan 2007. |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 57. |
The first ever set of multilaterals, legally enforceable rules covering international trade in services is the General Agreement on Trade in services (GATS). |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» A. True | |
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