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BUSI 604 Test 1 (Set-5), Questions And Answers, Liberty University
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BUSI 604 Test 1 (Set-5), Questions And Answers, Liberty University
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BUSI 604 Test 1 Question 1
0 out of 2 points
(______) and (______) consistently rank as two of the leading
suppliers to the United States, making up over 25 percent of total
trade to the U.S.
Selected Answer: China; Mexico
Correct Answer: Mexico and Canada
Question 2
2 out of 2 points
(_____) have been constructed to prevent domestic companies from
employing underage workers—even in foreign countries.
Selected Answer: U.S. labor laws
Question 3
2 out of 2 points
The rank of the top five countries (largest to smallest) by GDP as of
2015 are as follows: United States, China, Germany, Japan, and
United Kingdom.
Selected Answer: False
Question 4
2 out of 2 points
(___________) is the official measure of total output of goods and
services in a nation’s economy.
Selected Answer: Gross Domestic Product (GDP)
Question 5
2 out of 2 points
, Foreign direct investment allows domestic firms to receive capital
financing from foreign entities.
Selected Answer: True
- The U.S is home to some of the world’s leading agricultural and
auto manufacturers (False)
- The growth of modern globalization began towards the end of the
twentieth century, mainly among the nations that are today
developed or developing (False)
- Modern trade history began with the exploration of the Western
Hemisphere by Christopher Columbus in 1492 (true)
- Starting in Phoenicia, historical records indicate a steady
progression of trade throughout the middle east, aaaafrica, Europe,
and Asia (True)
- An example of inbound foreign direct investment includes the
2002 acquisition of Equilon Enterprises by Royal Dutch/Shell of
the Nerherlands and Saudi Aramco of Saudi Arabia (True)
- ISO standards specify the requirements for state-of-the-arts
products, services, processes materials and systems, to provide a
good conformity assessment that manger can use in their practices
(True)
- A desirable skill in d global manager is the ability to manage cross-
culture relationships (True)
- GPD is the official measure of total output of goods and services in
a nation’s economy (True)
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