Liberty university busi 604 test 2

Liberty University BUSI 604 Test 2

 

Question 1          2 out of 2 points

 

The public begins to experience the e”ects of deflation with an expanding money supply.

 

Selected Answer:

 

 

 

 

Question 2          2 out of 2 points

 

Global financial markets are important to lenders for two major reasons: (1) expanding (              ) and (2) reducing (          ).

 

Selected Answer:

 

Question 3          2 out of 2 points

 

(              ) is considered a sign of economic recovery and stabilization but makes the currency of a country more expensive compared to other currencies, having a direct inverse e”ect on exports and imports.

 

Selected Answer: Revaluation

 

Question 4          2 out of 2 points

 

While hedging may protect against (       ), it may eliminate a potential for unexpected ( ).

 

Selected Answer:

 

Question 5          2 out of 2 points

 

(              )is the largest informational platform that international traders use to communicate FX exchange rates.

 

Selected Answer:

 

Question 6          0 out of 2 points

 

The end result of the global competition is higher (          ) and lower (      ) for consumers.

 

Selected Answer:

 

 

prices; exchange rates

 

Question 7          2 out of 2 points

 

In the United States, the Federal Reserve Bank is responsible for regulating the growth of the economy, which is accomplished by the increase or decrease of currency exchange.

 

Selected Answer:

 

Question 8          2 out of 2 points

 

The two most popular products traded on security exchange markets are stocks and treasury bills.

 

Selected Answer:

 

Question 9          2 out of 2 points

 

After the Gold Standard was discontinued in 1971, the (                ) followed the rule of supply and demand, and currencies started to flow freely between sellers and buyers in currency markets.

 

Selected Answer:

 

Question 10        2 out of 2 points

 

Volatility represents the possibility of a change in exchange rates projected over a year.

 

Selected Answer:

 

Question 11        0 out of 2 points

 

Many nations restrict hedging of their currencies due to their national and international policies and interests.

 

 

Selected Answer:

 

Question 12        2 out of 2 points

 

Since the world thrives to trade and does not have a uniformed international currency, the exchange rate from one currency to another is determined by

(              ) and (   ) on a given day on the FX Market.

 

Selected Answer:

 

Question 13        2 out of 2 points

 

(              ) are used as an alternative to borrowing and lending in the Eurodollar and other o”shore markets.

 

Selected Answer: FX swaps

 

Question 14        2 out of 2 points

 

A bond is a certificate with a certain monetary value.

 

Selected Answer:

 

Question 15        2 out of 2 points

 

The di”erence between a (          ) rate and a (      ) rate is termed a forward discount.

 

Selected Answer:

 

Question 16        2 out of 2 points

 

In the U.S., the Security Exchange Commission monitors activities of exchange markets and OTC markets.

 

Selected Answer:

 

 

 

Question 17        0 out of 2 points

 

The major di”erence between the currency futures market and the OTC market is that futures settle gains and losses on a daily basis through the margin mechanism.

 

Selected Answer:

 

Question 18        2 out of 2 points

 

The (      ) monitors the various companies and organizations that are quoted on the security exchange and make sure they meet the requirements for being listed.

 

Selected Answer:

 

Question 19        2 out of 2 points

 

Non-tari” barriers involve financial methods (e.g., taxes on imports) of protecting national industries from competition by foreign corporations.

 

Selected Answer:

 

Question 20        0 out of 2 points

 

(              ) is the United States’ second largest trading partner in Africa behind Nigeria whose exports are almost exclusively petroleum products.

 

Selected Answer:

 

Question 21        2 out of 2 points

 

ASEAN association members also undertake to avoid interference in the internal a”airs of one another and are committed to the settlement of di”erences or disputes by peaceful means.

 

Selected Answer:

 

 

 

 

Question 22        2 out of 2 points

 

(              ), executive body of the EU, drafts and implements legislation and enforces existing treaties.

 

Selected Answer:

 

Question 23        2 out of 2 points

 

The (      ) operates as a common market, granting national treatment to all (        ) firms and citizens in any other (              ) country, as well as removing all barriers to cross country investment and services trade.

 

Selected Answer:

Question 24        2 out of 2 points

 

Member nations of ECOWAS have tried to agree on a common currency: the Euro.

 

Selected Answer:

 

Question 25        2 out of 2 points

 

Signatory nations a part of CACM have not been able to achieve their wider aims of stronger economic and political unification because of a failure to settle (             ).

 

Selected Answer: Trade disputes

 

Question 26        2 out of 2 points

 

More than 60 percent of Africa’s people depend upon agriculture, with farming being mostly of the subsistence variety.

 

Selected Answer:

 

 

 

 

Question 27        2 out of 2 points

 

The stages of regional economic integration are as follows: Free Trade Agreement, (      ), Common Market, Economic Union, and (       ).

 

Selected Answer:

 

Question 28        0 out of 2 points

 

Increasing attention is being paid to the rapidly growing economies of (                 ) and (   ), as they evolve from primarily agricultural dependence into industrial giants with regional superpower status.

 

Selected Answer:

 

Question 29        2 out of 2 points

 

(              ) has been stripped of its member rights to Mercosur and must renegotiate its membership.

 

Selected Answer:

 

Question 30        2 out of 2 points

 

The Economic Union requires that member countries harmonize their tax, monetary and fiscal policies, create a common currency, and concede a certain amount of sovereignty to the supranational organization to which they belong.

 

Selected Answer:

 

Question 31        2 out of 2 points

 

The SACU and (                 ) consider industry, labor rights, and environmental regulations very important to the prosperity of the SACU region.

 

 

Selected Answer: United States

 

Question 32        2 out of 2 points

 

Freedom and the absence of random violence is not one of the five basic goals espoused by national governments.

 

Selected Answer:

 

Question 33        2 out of 2 points

 

Preferential Trade Areas are suitable in cases where economic structures in signatory nations complement one another and trade in products that do not compete with each other.

 

Selected Answer:

 

Question 34        0 out of 2 points

 

Opponents of (                 ) have argued that the related agreements are dangerous because such agreements advance and establish procedures that protect participating nations from the benefits of free trade.

 

Selected Answer:

 

Question 35        2 out of 2 points

 

The Caribbean Community and Common Market (CARICOM) is an example of a (             ).

 

Selected Answer:

 

Question 36        2 out of 2 points

 

Trading blocs can provide protection from global competitiveness prompted by nations outside of the bloc.

 

 

 

Selected Answer:

 

Question 37        2 out of 2 points

 

The Schengen Agreement abolished passport and border controls within the internal-national boundaries of the EU, with the aim to eliminate barriers to trade, investment, and the movement of labor.

 

Selected Answer:

 

Question 38        2 out of 2 points

 

When strong global competition is scarce, the global firm should perform well, even though it does not develop global-market-knowledge competencies or global responsiveness.

 

Selected Answer:

 

Question 39        2 out of 2 points

 

Economic factors that a”ect a firm involve the beliefs, values, attitudes, opinions, and lifestyles of persons in the firm’s external environment.

 

Selected Answer:

 

Question 40        0 out of 2 points

 

Intermediaries are often considered “coaches” or outside consultants brought in to help steer the firm in the right exporting direction.

 

Selected Answer:

 

Question 41        2 out of 2 points

(              ) constraints       are placed on firms through fair-trade decisions, antitrust laws, tax programs, minimum wage, legislation, pollution and pricing policies, administrative jawboning, and many other actions aimed at protecting employees, consumers, the general public, and the environment.

 

 

 

Selected Answer:

 

Question 42        2 out of 2 points

 

Possibly the greatest proactive motivation for global expansion is the prospect of (          ).

 

Selected Answer: Increased profits

 

Question 43        2 out of 2 points

 

Market entry motivation can be classified into two separate areas: (1) (                 ) and (2) (            ).

 

Selected Answer:

Question 44        2 out of 2 points

 

Two types of entry modes are available into a market: (                ) intensity or (    ) intensity.

 

Selected Answer:

 

Question 45        2 out of 2 points

 

A licensor must invest into the foreign market because the licensee (more than likely) is not established in the market.

 

Selected Answer:

 

Question 46        2 out of 2 points

 

One advantage of a management contract is that the host nation provides the funds for any infrastructure associated with the project management.

 

 

Selected Answer:

 

Question 47        2 out of 2 points

 

Exporting and importing are great examples of high-risk entry modes into a new market.

 

Selected Answer:

 

Question 48        2 out of 2 points

 

Entering the market at the right time, or the wrong time can have tremendous e”ects on the success or failure of the expansion.

 

Selected Answer:

 

Question 49        2 out of 2 points

 

The key factors that influence the entry mode selection are as follows:

 

Selected Answer: organization structure

 

Question 50        2 out of 2 points

 

In industries subject to high technological turbulence, the organizations will enjoy abnormal returns from alternative opportunities, rather than those created by their market knowledge competencies.

 

Selected Answer:

 

Question 51        2 out of 2 points

 

Intermediaries can facilitate the transfer of goods and services from a company to the consumer in a new market.

 

Selected Answer:

 

 

 

Question 52        2 out of 2 points

 

Low production cost in a country encourages local production.

 

Selected Answer:

 

Question 53        2 out of 2 points

 

In attractive markets, short-term profitability for a firm is expected to be provided through these investment modes.

 

Selected Answer:

 

Question 54        2 out of 2 points

 

The main di”erence between the two entry modes depends on how much risk and/or control an entering business is willing to take.

 

Selected Answer:

 

Question 55        0 out of 2 points

 

Proactive reasons are based on the firm’s behavior with respect to the environment and adaptation to changes from outside the firm.

 

Selected Answer:

 

Question 56        2 out of 2 points

 

Firms are better o” selecting non-equity, (           )-investment entry modes in countries that have high environmental uncertainty.

 

Selected Answer:

 

Question 57        2 out of 2 points

 

Inventory turnover rates being slower than expected are indicative of a global business experiencing inventory problems.

 

 

Selected Answer:

 

Question 58        2 out of 2 points

 

Currently, 3PLs are limited to noncritical processes within an organization.

 

Selected Answer:

 

Question 59        2 out of 2 points

 

An interlocking directorate allows the organization the opportunity to more e”ectively coordinate the output of raw materials to meet the needs of the manufacturing operation.

 

Selected Answer:

 

Question 60        2 out of 2 points

 

In product-oriented firms, capacity is measured in terms of the total number of customers that can be served in a given amount of time.

 

Selected Answer:

 

Question 61        2 out of 2 points

 

The strategy of standardization requires the firm to tailor mass production products to meet the expectations of the customer.

 

Selected Answer:

 

Question 62        2 out of 2 points

 

Quality e”orts begin and end with lower level employees.

 

Selected Answer:

 

Question 63        2 out of 2 points

 

 

Becoming ISO certified requires the inspection of production processes, maintaining equipment, training workers, testing products, and dealing with customer complaints.

 

Selected Answer:

 

Question 64        2 out of 2 points

 

(              ) is a codification or assurance of quality – an internationally recognized certification system or process.

 

Selected Answer: ISO

 

Question 65        2 out of 2 points

 

Fixed assets includes items normally consumed in the course of business operation or production.

 

Selected Answer:

 

Question 66        2 out of 2 points

 

The free-flow pattern provides customers ease of movement and is visually appealing.

 

Selected Answer:

 

Question 67        2 out of 2 points

 

(              ) defines the goal or purpose of the organization, while (              ) defines how personnel will collectively implement the strategy.

 

Selected Answer: 

 

Question 68        2 out of 2 points

 

It is crucial for a company to reevaluate strategic level decisions at least once

 

 

a year.

 

Selected Answer:

 

Question 69        2 out of 2 points

 

Financial management specifically involves the management of the process and production activities that produce the goods or services.

 

Selected Answer:

 

Question 70        2 out of 2 points

 

The decentralized model allows decision-making authority to occur where the decisions are to be made, promoting innovation, initiative, and teamwork.

 

Selected Answer:

 

Question 71        2 out of 2 points

 

(              ) involves both management and labor in finding and eliminating waste in machinery, labor, materials, and production methods.

 

Selected Answer: 

 

Question 72        2 out of 2 points

 

In the physical inventory control category, calculations are made to maintain sufficient inventories for predetermined supply chain system needs.

 

Selected Answer:

 

Question 73        2 out of 2 points

 

The intention behind (   ) management systems is to concentrate on eradicating waste and reducing warehouse inventories.

 

 

Selected Answer:   

 

Question 74        2 out of 2 points

 

Kazan is a people-focused management system that aims at continual increase in customer satisfaction at continually lower real cost.

 

Selected Answer:

 

Question 75        2 out of 2 points

 

(              ) provide(s) the additional benefit of tax breaks, resulting from depreciation.

 

Selected Answer:

Friday, May 18, 2018 9:51:35 PM EDT       ← OK

 

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