BUSI 604 Test 1. Questions And Answers. Latest 2020/21. A+ Graded. Question 1
2 out of 2 points
The (______) brought about the first efficient forms of m
... [Show More] ass transportation using machine
power.
Selected Answer:
Steam engine
Question 2
2 out of 2 points
The Information Age was characterized by a marked surge in manufacturing techniques that
included mass assembly, electricity, and new forms of propulsion.
Selected Answer:
False
Question 3
2 out of 2 points
(_______) is an attractive option for firms looking to diversify their investment portfolios and
creating opportunities for firms looking to enter emerging markets.
Selected Answer:
Foreign direct investment
Question 4
0 out of 2 points
The U.S. is home to some of the world’s leading hardware and software manufacturers.
Selected Answer:
False
Question 5
2 out of 2 points
(_____) are much more narrowly defined than knowledge areas in that they represent
quantifiable measures.
Selected Answer:
Skills
Question 6
2 out of 2 points
Improvement in transportation, advances in communications technology, and trade-friendly
legislation have all contributed to the desire to produce a seamless global economy.
Selected Answer:
True
Question 7
2 out of 2 points
Africa was one of the oldest examples of an international trading community.
Selected Answer:
False
Question 8
2 out of 2 points
(___), (___), and (____) are considerable operational differences of global businesses from
that of domestic businesses.
Selected Answer:
All of the above
Question 9
2 out of 2 points
When a firm in one nation exchanges products, services, resources, or capital with a firm
located in another nation, this exchange constitutes a(n) (_________).
Selected Answer:
international transaction
Question 10
2 out of 2 points
(______) was a major contributor to continental trade growth between the United States,
Mexico, and Canada because it eased quotas, tariffs, and customs procedures.
Selected Answer:
NAFTA
Question 11
2 out of 2 points
The international market removes the boundaries of local market territories, thereby
decreasing the potential market audience
Selected Answer:
False
Question 12
2 out of 2 points
Modern trade history began with the exploration of the Western Hemisphere by (_____) in
1492.
Selected Answer:
Christopher Columbus
Question 13
2 out of 2 points
Taiwan has emerged as a cost-leading manufacturer of products ranging from consumer
goods to industrial equipment.
Selected Answer:
False [Show Less]