Professional Documents
Culture Documents
7. Which of the following economic indicator is used to rank countries in terms of their
individual wealth by World Bank?
a) GDP per capita
b) GNI per capita
c) PPP
d) GNI
9. In which type of trade agreement no duties are charged on imports from member
countries
a) Preferential Trade Agreement
b) Free Trade Agreement
c) Custom Union
d) None of the above
10. Which of the following was not an achievement of the Uruguay Round of
negotiations?
a) Agreement on services
b) Protection of Intellectual property rights
c) 10 year phase out of MFA
d) Agreement on Trade in Agriculture
11. WTO was formed during which round of negotiations ?
a) Uruguay Round
b) Doha Round
c) Singapore Round
d) Tokyo Round
12. How inflation and Exchange rate are related to each other?
a)
b)
c)
d)
21. Why might arbitration be an attractive option for settling disputes in international
trade and investment cases?
a)
b)
c)
d)
22. Acquiring and managing funds in the global market is the primary emphasis of
a) lawyers.
b) treasurers.
c) financial managers.
d) bankers.
e) accountants.
23. A strategy of ______ pricing involves using price as a competitive weapon in order
to push competitors out of a national market.
a)
b)
c)
d)
premium
predatory
incremental
psychological
27. What is the main benefit of acquisitions over other hierarchical entry modes?
a)
Cheaper entry.
b)
No corporate tax.
c)
Rapid entry.
d)
None of the above.
28. The term 'royalties' is closely associated with:
a)
contract manufacturing.
b)
piggybacking.
c)
licensing.
d)
direct exporting
29. The German rules for bookkeeping are said to be conservative. This means that the
German rules are:
a)
b)
c)
d)
30. US rules on bookkeeping require a larger degree of disclosure than the German
system. The reason for this difference is:
a)
b)
c)
d)
31. The sum of all goods and services produced in a country during a year is called
a) real income.
b) gross domestic product.
c) real gross national product.
d) balance of trade.
e) gross international product.
32. Which of the following is not a part of strategic management?
a) Environmental Analysis
b) Evaluation and control
c) Capital budgeting
d) PEST analysis
33. Which of the following is not a type of departmentalization?
a) functional
b) product
c) geographical
d) hierarchy
34. Businesses tend to be more ____ when the decisions to be made are risky.
a) decentralized
b) productive
c) informal
d) line-and-staff oriented
e) centralized
35. An organization's shared values, beliefs, traditions, philosophies, rules, and heroes
represent its
a) organizational culture.
b) grapevine.
c) organizational manual.
d) formal organization.
e) information organization
36. In Porter's Diamond it is argued that a nation will not be competitive when:
a)
b)
c)
d)
37. This export strategy involves selling a product from a home base, usually without
any product modification.
a) exporting
b) licensing
c) joint venture
d) manufacturing
38. This entry strategy involves granting permits to a foreign company to use industry
property, technical knowhow, or engineering design in a foreign market.
a) exporting
b) licensing
c) joint venture
d) manufacturing
39. This international organization wants to achieve a broad, multilateral, and free
worldwide system of trading.
a) WTO
b) GSP
c) UNCTAD
d) MFN
40. "Noise" does not affect this stage of the communication process.
a) sender
b) encoding
c) decoding
d) receiver
e) all of them can be affected