McqMate
Chapters
| 1. |
What are most trade policies driven by? |
| A. | Conflicts of interest between nations. |
| B. | Conflicts of interest within nations. |
| C. | Disagreements regarding who should produce certain products. |
| D. | Disagreements on the prices of major commodities. |
| Answer» B. Conflicts of interest within nations. | |
| 2. |
How is international trade policies governed? |
| A. | By the IMF. |
| B. | They are not governed by anyone. |
| C. | By the GATT. |
| D. | By the U.N. |
| Answer» C. By the GATT. | |
| 3. |
Regionalism is: |
| A. | The grouping of countries into regional clusters based on eographic proximity. |
| B. | An international management orientation. |
| C. | A protectionist policy created to exclude third world countries from certain forms of international trade. |
| D. | An international management orientation and a protectionist policy created to |
| Answer» A. The grouping of countries into regional clusters based on eographic proximity. | |
| 4. |
In 2003, the US had the largest total amount of imports from and exports to |
| A. | China. |
| B. | Mexico. |
| C. | Canada. |
| D. | Germany. |
| Answer» C. Canada. | |
| 5. |
In its most basic form, the gravity model says that the most important factors that describe the amount of trade between countries are |
| A. | the cultural affinity between the countries and the existence or lack of a common language. |
| B. | the tariff barriers between the countries and the costs of transportation. |
| C. | differences in wages and technology between countries. |
| D. | the amount that the countries produce and the distance between them. |
| Answer» D. the amount that the countries produce and the distance between them. | |
| 6. |
Evidence shows that |
| A. | the effect of borders is not important when comparing international trade with trade between regions within a country. |
| B. | the amount of trade that a country undertakes is not related to its geography. |
| C. | the amount of trade between countries is not related to the cultural affinity between the countries. |
| D. | countries farther apart have less trade between them on average. |
| Answer» D. countries farther apart have less trade between them on average. | |
| 7. |
The North American Free Trade Agreement |
| A. | has reduced the usefulness of the gravity model. |
| B. | has shown that international borders no longer affect the amount of trade between countries. |
| C. | has reduced tariffs and other trade restrictions among British Columbia, Manitoba and Ontario. |
| D. | has reduced tariffs and other trade restrictions among Canada, Mexico and the US. |
| Answer» D. has reduced tariffs and other trade restrictions among Canada, Mexico and the US. | |
| 8. |
While technologies have reduced the negative effect that distance has on trade, |
| A. | the effect of international borders has not been reduced through trade agreements. |
| B. | the effects of the Internet and airplanes on trade have been negligible. |
| C. | political factors have historically been more influential in determining the amount of trade than available technologies. |
| D. | cultural clashes have recently reduced the amount of US trade compared to US trade in 1950. |
| Answer» C. political factors have historically been more influential in determining the amount of trade than available technologies. | |
| 9. |
Which of the following is the last step in marketing research process? |
| A. | Developing the research plan |
| B. | Interpreting and reporting the findings |
| C. | Defining the problem and research objectives |
| D. | Implementing the research plan |
| Answer» B. Interpreting and reporting the findings | |
| 10. |
Which one of the following research instruments is used to collect information quickly? |
| A. | Mail questionnaires |
| B. | Telephone interviewing |
| C. | Personal interviewing |
| D. | Computer interviewing |
| Answer» B. Telephone interviewing | |
| 11. |
In creating research questionnaires, which of the following is good advice for research specialist to follow? |
| A. | Use care in the wording and ordering of questions |
| B. | Questions do not have to be arranged in a logical order |
| C. | Ask personal questions in the middle of the instrument |
| D. | Avoid eye contact as it may confuse the respondents |
| Answer» A. Use care in the wording and ordering of questions | |
| 12. |
Open-ended questions are especially useful in which of the following research when the researcher is trying to find out what people think but not measuring how many people think in a certain way? |
| A. | Causal research |
| B. | Observational research |
| C. | Experimental research |
| D. | Exploratory research |
| Answer» A. Causal research | |
| 13. |
Three common techniques sales managers use to boost sales force morale that include the organizational climate, sales quotas and which one of the following is the third Technique? |
| A. | Positive incentives |
| B. | Positive thinking |
| C. | Positive recognition |
| D. | Positive feedback |
| Answer» D. Positive feedback | |
| 14. |
The top country in terms of marketing research expenditures is |
| A. | The United Kingdom |
| B. | The United States |
| C. | Germany |
| D. | Japan |
| Answer» B. The United States | |
| 15. |
This kind of information is collected firsthand to answer specific, current research questions. |
| A. | Primary data |
| B. | Secondary data |
| C. | Selective data |
| D. | Relevant data |
| Answer» A. Primary data | |
| 16. |
One problem of primary data is |
| A. | Specificity |
| B. | Relevance |
| C. | Being up to date |
| D. | Cost |
| Answer» D. Cost | |
| 17. |
Information that has already been collected for other purposes is called |
| A. | Primary data |
| B. | Principal data |
| C. | Secondary data |
| D. | none |
| Answer» C. Secondary data | |
| 18. |
This is not a characteristic of a good test market. |
| A. | Representativeness |
| B. | Self-contained media |
| C. | Expanded trading area |
| D. | Market isolation |
| Answer» C. Expanded trading area | |
| 19. |
When a measuring instrument is able to measure what it purports to, the instrument is |
| A. | Reliable |
| B. | Consistent |
| C. | Stable |
| D. | Valid |
| Answer» D. Valid | |
| 20. |
The results of American consumers' responses may not apply to foreign consumers. This is a problem of |
| A. | Internal validity |
| B. | Specific validity |
| C. | External validity |
| D. | Predictive validity |
| Answer» C. External validity | |
| 21. |
This step of MIS (marketing information system) development involves the investigation of all users' needs. |
| A. | System analysis |
| B. | System design |
| C. | System implementation |
| D. | System investigation |
| Answer» A. System analysis | |
| 22. |
Perhaps, the most credible argument for protectionist measures is |
| A. | Keeping money at home |
| B. | Reducing unemployment |
| C. | Enhancing national security |
| D. | Protecting infant industry |
| Answer» D. Protecting infant industry | |
| 23. |
Compared to a protective tariff, a revenue tariff is |
| A. | Lower |
| B. | Higher |
| C. | About the same |
| D. | none |
| Answer» A. Lower | |
| 24. |
The duties stated as a fixed percentage of the invoice value are |
| A. | Specific duties |
| B. | Ad valorem duties |
| C. | Compound duty |
| D. | Combined rates |
| Answer» B. Ad valorem duties | |
| 25. |
This kind of tax is collected at each point in the distribution chain and levied on the total value of a product. |
| A. | Single-stage sales tax |
| B. | Value added tax |
| C. | Cascade tax |
| D. | Excise tax |
| Answer» C. Cascade tax | |
| 26. |
This is not a nontariff barrier. |
| A. | Documentation |
| B. | Quota |
| C. | Product inspection |
| D. | Countervailing duties |
| Answer» D. Countervailing duties | |
| 27. |
GATT's Subsidies Code prohibits the use of export subsidies on |
| A. | Nonprimary products |
| B. | Primary products |
| C. | Both primary and nonprimary products |
| D. | Neither nonprimary nor primary products |
| Answer» A. Nonprimary products | |
| 28. |
When a country permits an import of limited quantities at low rates of duty but subjects an excess amount to a much higher rate, this kind of quota is used. |
| A. | Absolute quota |
| B. | Voluntary quota |
| C. | Relative quota |
| D. | Tariff quota |
| Answer» D. Tariff quota | |
| 29. |
This type of trade barriers is easiest to deal with. |
| A. | Tariffs |
| B. | Nontariff barriers |
| C. | Private barriers |
| D. | International barriers |
| Answer» A. Tariffs | |
| 30. |
These barriers are least transparent. |
| A. | Tariffs |
| B. | Nontariff barriers |
| C. | Government barriers |
| D. | Private barriers |
| Answer» D. Private barriers | |
| 31. |
South Korea's chaeboland Japan's keiretsu are examples of |
| A. | Tariffs |
| B. | Nontariff barriers |
| C. | Private barriers |
| D. | Government barriers |
| Answer» C. Private barriers | |
| 32. |
This world organization wants to achieve a broad, multilateral, and free worldwide system of trading. |
| A. | WTO |
| B. | GSP |
| C. | UNCTAD |
| D. | MFN |
| Answer» A. WTO | |
| 33. |
This organization does not allow a nation to veto a panel’s decision |
| A. | GATT |
| B. | WTO |
| C. | UN |
| D. | NAFTA |
| Answer» B. WTO | |
| 34. |
This organization is a permanent organ of the United Nations General Assembly, and its goal is to encourage development in Third World countries and enhance their export positions. |
| A. | GATT |
| B. | GSP |
| C. | UNCTAD |
| D. | IMF |
| Answer» C. UNCTAD | |
| 35. |
The system which gives LDCs' exports a preferential treatment is called |
| A. | GATT |
| B. | GSP |
| C. | UNCTAD |
| D. | MFN |
| Answer» A. GATT | |
| 36. |
This kind of quota is the most restrictive. |
| A. | absolute quota |
| B. | tariff quota |
| C. | voluntary quota |
| D. | VER |
| Answer» A. absolute quota | |
| 37. |
When a country permits an import of limited quantities at low rates of duty but Subjectsanexcess amount to a much higher rate, this kind of quota is used. |
| A. | absolute quota |
| B. | voluntary quota |
| C. | relative quota |
| D. | tariff quota |
| Answer» D. tariff quota | |
| 38. |
In the mid-1980s, Japan signed an orderly marketing agreement (OMA) restricting itsautoexports to the United States to 1.68 million units per year. This OMA is a(n) |
| A. | absolute quota |
| B. | tariff quota |
| C. | voluntary quota |
| D. | none |
| Answer» C. voluntary quota | |
| 39. |
South Korea's chaebol and Japan's keiretsu are examples of |
| A. | tariffs |
| B. | nontariff barriers |
| C. | private barriers |
| D. | government barriers |
| Answer» C. private barriers | |
| 40. |
This world organization monitors trade and resolves disputes. |
| A. | WTO |
| B. | GSP |
| C. | UNCTAD |
| D. | World Bank |
| Answer» A. WTO | |
| 41. |
Beatrice Foods may want to give up its U.S. citizenship because of tax advantages abroad.This kind of thinking is |
| A. | ethnocentric |
| B. | polycentric |
| C. | geocentric (X) |
| D. | none of the above |
| Answer» C. geocentric (X) | |
| 42. |
This kind of company does not identify itself with a particular country and may even Preferto lose its national identity. |
| A. | ethnocentric |
| B. | polycentric |
| C. | geocentric (X) |
| D. | none of the above |
| Answer» C. geocentric (X) | |
| 43. |
Firms that combine aspects of centralization and decentralization are |
| A. | ethnocentric |
| B. | polycentric |
| C. | geocentric (X) |
| D. | none of the above |
| Answer» C. geocentric (X) | |
| 44. |
Because of trade (and imports), inflation |
| A. | increases |
| B. | decreases |
| C. | moderates (X) |
| D. | disappears |
| Answer» C. moderates (X) | |
| 45. |
As a result of international trade and global interdependence, countries' inflation rates tend to |
| A. | increase |
| B. | moderate (X) |
| C. | be unpredictable |
| D. | be unstable |
| Answer» B. moderate (X) | |
| 46. |
Political globalization is the process of — |
| A. | changes in the rules and structures of global governance |
| B. | rise of the WTO |
| C. | change in political systems |
| D. | emergence of a political ideology |
| Answer» C. change in political systems | |
| 47. |
South–South co-operation means — |
| A. | the flow of resources from one developing country to another |
| B. | increasing diplomatic relations among emerging economies |
| C. | increasing investment between developing countries |
| D. | rising trade between countries |
| Answer» A. the flow of resources from one developing country to another | |
| 48. |
International orientation refers to — |
| A. | a gradual process of internationalization |
| B. | a firm’s modes of entry into international business |
| C. | an attitude or strategic predisposition of a TNC towards internationalization |
| D. | the stage theory of internationalization |
| Answer» A. a gradual process of internationalization | |
| 49. |
Ethnocentric orientation is a predisposition towards — |
| A. | regionalism |
| B. | the home country |
| C. | the global economy |
| D. | geographically proximate regions |
| Answer» C. the global economy | |
| 50. |
. Pull factors refer to — |
| A. | offensive motives of internationalization |
| B. | strategic motivation |
| C. | market motives of internationalization |
| D. | resource-seeking motives |
| Answer» B. strategic motivation | |
| 51. |
Business entities engaged in international business activity are commonly known as- |
| A. | NGOs |
| B. | EOUs |
| C. | State-trading corporations |
| D. | TNCs |
| Answer» A. NGOs | |
| 52. |
Credits transferable by original beneficiary in favor of secondary beneficiary areknown as |
| A. | Deferred credits |
| B. | Transit credits |
| C. | Installment credits |
| D. | Transferable credits |
| Answer» D. Transferable credits | |
| 53. |
When the exporter, expects the importer, to make the payment immediately upon the draft being presented to him is called. |
| A. | Sight Draft. |
| B. | Usance Draft |
| C. | Demand draft |
| D. | Pay Note |
| Answer» A. Sight Draft. | |
| 54. |
Which theory states that, lack of resources often helps countries to become competitive |
| A. | Competitive theory |
| B. | Porters Diamond Model |
| C. | Theory of Mercantilism |
| D. | Product life cycle theory |
| Answer» D. Product life cycle theory | |
| 55. |
Theory of Mercantilism propagates |
| A. | Encourage exports and imports |
| B. | Encourage exports and discourage imports |
| C. | Discourage exports and imports |
| D. | Discourage exports and encourage imports |
| Answer» B. Encourage exports and discourage imports | |
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