BUSA 4000 Final Exam Questions and Answers All Correct Latest 2024 Update
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Course
BUSA 4000
Institution
BUSA 4000
BUSA 4000 Final Exam Questions and Answers All Correct Latest 2024 Update
Which of the following is provided by the licensor in a licensing agreement - Answer- A combination of intellectual property and technical information and assistance
Information technology has increased the success ...
BUSA 4000 Final Exam Questions
and Answers All Correct Latest
2024 Update
Which of the following is provided by the licensor in a licensing agreement - Answer- A
combination of intellectual property and technical information and assistance
Information technology has increased the success and growth of international
franchising operations by - Answer- improving communication between MNE managers
and their franchisees
If a computer contains a microprocessor from Costa Rica and a hard disk drive from the
Philippines, the computer manufacturer, who is based in Texas and operates across
Europe and West Asia, most likely uses ________ as an entry strategy. - Answer-
global sourcing
How does the acquisition of a foreign company most likely benefit a focal firm in the
foreign market? - Answer- The focal firm can extend its market reach through readily
available distribution networks.
Which of the following represents an infrastructural factor that firms must consider when
selecting an FDI location - Answer- availability and quality of local manufacturing
When a firm allows others to use an entire business system in exchange for
compensation, the arrangement is known as ________. - Answer- Franchising
The relocation of a business process or entire manufacturing facility to a foreign country
is known as ________. - Answer- offshoring
The strategic view of global sourcing suggests that - Answer- just as firms achieve gains
in efficiency, productivity, quality, and revenues by leveraging offshore talent, they also
obtain the means to turn around failing businesses, speed up innovation, restructure
operations, and fund otherwise-unaffordable development projects
Which of the following is an example of a market seeking motive for fdi - Answer- a firm
follows its key customers abroad
, Which of the following is an advantage of exporting - Answer- It increases overall sales
volume, improves market share, and reduces per-unit costs of manufacturing.
Which of the following is an example of non tariff trade barrier - Answer- The us
department of commerce announced that white sugar imports will be limited to 7500
million tons
___________ is (are) at odds with free trade, the unrestricted flow of products, services,
and capital across national borders - Answer- Government intervention
Which of the following statements is true of nafta - Answer- It eliminated all tariffs and
nontariff trade barriers on goods originating from within North America.
________ are checkpoints at the ports of entry in each country where government
officials inspect imported products and levy tariffs - Answer- customs
Governments impose export controls for the purpose of - Answer- Preventing the export
of certain products to certain countries
firms use foreign trade zones to - Answer- Assemble foreign dutiable materials and
components into finished products which are then re-exported
A quantitative restriction on specific imports from a specific country for a set period of
time is referred to as - Answer- quota
Which of the following entry strategies do most firms use in the absence of high tariffs -
Answer- exporting
Financing or other resources that a government grants to a firm or group of firms, to
ensure their survival or success is referred to as a ________. - Answer- subsidy
Governments impose defensive barriers to - Answer- All of these ( safeguard industries,
promote national security, protect workers)
___________ refers to the system of procedures and processes by which corporations
are managed,directed, and controlled - Answer- corporate governance
__________ are moral principles and values that govern the behavior of people, firms,
and governments regarding right and wrong - Answer- ethics
Corruption is defined as - Answer- the abuse of power to achieve illegitimate personal
gain
The process of reproducing assets without compensating those who created them is
known as - Answer- Counterfeiting
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