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BUSI 303 exam 2 complete solutions · Question 1 2.5 out of 2.5 points Centralization allows decision making authority to occur where the decisions are to be made. Selected Answer: · Question 2 2.5 out of 2.5 points The intent of forming a trading bloc can range from the potential of trade creation to the desire for economic protectionism. Selected Answer: · Question 3 2.5 out of 2.5 points The four categories of motivational reasons why companies expand globally are: primary, alternate, proactive and reactive. Selected Answer:

BUSI 303 exam 2 complete solutions

·         Question 1
2.5 out of 2.5 points
Centralization allows decision making authority to occur where the decisions are to be made.
Selected Answer:
·         Question 2
2.5 out of 2.5 points
The intent of forming a trading bloc can range from the potential of trade creation to the desire for economic protectionism.
Selected Answer:
·         Question 3
2.5 out of 2.5 points
The four categories of motivational reasons why companies expand globally are: primary, alternate, proactive and reactive.
Selected Answer:
·         Question 4
2.5 out of 2.5 points
Two major contributing circumstances to the demise of the gold standard were the Great Depression and the Vietnam War.
Selected Answer:
·         Question 5
2.5 out of 2.5 points
OPEC was founded in 1960 in Baghdad.
Selected Answer:
·         Question 6
2.5 out of 2.5 points
Export intermediaries provide expertise to inexperienced exporters as they enter overseas markets.
Selected Answer:
·         Question 7
2.5 out of 2.5 points
The greater division of labor is a benefit of trading blocs.
Selected Answer:
·         Question 8
2.5 out of 2.5 points
In the U.S., the President sets exchange rate policies.
Selected Answer:
·         Question 9
2.5 out of 2.5 points
Competitive pressure, excess capacity, underproduction, and a saturated or declining home market are reactive motivational factors that propel firms to expand into the global economy
Selected Answer:
·         Question 10
2.5 out of 2.5 points
The initial goal of NAFTA was to increase investment and decrease tariffs between Mexico and the U.S.
Selected Answer:
·         Question 11
2.5 out of 2.5 points
An ISO is, in actuality, a codification or assurance of quality and ISO is an internationally recognized certification system or process.
Selected Answer:
·         Question 12
2.5 out of 2.5 points
Trading blocs are the core elements of regional economic integration. .
Selected Answer:
·         Question 13
2.5 out of 2.5 points
Total Quality Management (TQM) should be based, trust in order to establish a solid foundation.
Selected Answer:
·         Question 14
2.5 out of 2.5 points
Low intensity and high intensity are the two types of entry modes used to access markets
Selected Answer:
·         Question 15
2.5 out of 2.5 points
A large portion of all FX market transactions are spot transactions.
Selected Answer:
·         Question 16
2.5 out of 2.5 points
The convergence of international and domestic pricing also indicates the era of the global producer.
Selected Answer:
·         Question 17
2.5out of 2.5 points
National customer preferences is a market expansion risk variable that occurs when the firm may not understand foreign customer preferences and fail to offer “localized” products and services.
Selected Answer:
·         Question 18
2.5 out of 2.5 points
Firms are better off selecting non-equity, low-investment entry modes in countries that have high environmental uncertainty.
Selected Answer:
·         Question 19
2.5 out of 2.5 points
The adoption of the floating exchange rate system resulted from the conclusion of the Bretton Woods Agreement.
Selected Answer:

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