International Marketing Unit 4 Set 2

Bachelor of Management Studies (BMS),

Master of Business Administration (MBA)

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This set of International Marketing Multiple Choice Questions & Answers (MCQs) focuses on International Marketing Unit 4 Set 2

Q1 | These barriers are least transparent.
  • Tariffs
  • Nontariff barriers
  • Government barriers
  • Private barriers
Answer: Private barriers
Q2 | South Korea's chaeboland Japan's keiretsu are examples of
  • Tariffs
  • Nontariff barriers
  • Private barriers
  • Government barriers
Answer: Private barriers
Q3 | This world organization wants to achieve a broad, multilateral, and free worldwide systemof trading.
  • WTO
  • GSP
  • UNCTAD
  • MFN
Answer: WTO
Q4 | This organization does not allow a nation to veto a panel’s decision
  • GATT
  • WTO
  • UN
  • NAFTA
Answer: WTO
Q5 | This organization is a permanent organ of the United Nations General Assembly, and its goal is to encourage development in Third World countries and enhance their export positions.
  • GATT
  • GSP
  • UNCTAD
  • IMF
Answer: UNCTAD
Q6 | The system which gives LDCs' exports a preferential treatment is called
  • GATT
  • GSP
  • UNCTAD
  • MFN
Answer: GATT
Q7 | This kind of quota is the most restrictive.
  • absolute quota
  • tariff quota
  • voluntary quota
  • VER
Answer: absolute quota
Q8 | When a country permits an import of limited quantities at low rates of duty but Subjectsanexcess amount to a much higher rate, this kind of quota is used.
  • absolute quota
  • voluntary quota
  • relative quota
  • tariff quota
Answer: tariff quota
Q9 | In the mid-1980s, Japan signed an orderly marketing agreement (OMA) restricting itsautoexports to the United States to 1.68 million units per year. This OMA is a(n)
  • absolute quota
  • tariff quota
  • voluntary quota
  • none
Answer: voluntary quota
Q10 | South Korea's chaebol and Japan's keiretsu are examples of
  • tariffs
  • nontariff barriers
  • private barriers
  • government barriers
Answer: private barriers
Q11 | This world organization monitors trade and resolves disputes.
  • WTO
  • GSP
  • UNCTAD
  • World Bank
Answer: WTO
Q12 | Beatrice Foods may want to give up its U.S. citizenship because of tax advantages abroad.This kind of thinking is
  • ethnocentric
  • polycentric
  • geocentric (X)
  • none of the above
Answer: geocentric (X)
Q13 | This kind of company does not identify itself with a particular country and may even Preferto lose its national identity.
  • ethnocentric
  • polycentric
  • geocentric (X)
  • none of the above
Answer: geocentric (X)
Q14 | Firms that combine aspects of centralization and decentralization are
  • ethnocentric
  • polycentric
  • geocentric (X)
  • none of the above
Answer: geocentric (X)
Q15 | Because of trade (and imports), inflation
  • increases
  • decreases
  • moderates (X)
  • disappears
Answer: moderates (X)
Q16 | As a result of international trade and global interdependence, countries' inflation ratestend to
  • increase
  • moderate (X)
  • be unpredictable
  • be unstable
Answer: moderate (X)
Q17 | Political globalization is the process of —
  • changes in the rules and structures of global governance
  • rise of the WTO
  • change in political systems
  • emergence of a political ideology
Answer: change in political systems
Q18 | South–South co-operation means —
  • the flow of resources from one developing country to another
  • increasing diplomatic relations among emerging economies
  • increasing investment between developing countries
  • rising trade between countries
Answer: the flow of resources from one developing country to another
Q19 | International orientation refers to —
  • a gradual process of internationalization
  • a firm’s modes of entry into international business
  • an attitude or strategic predisposition of a TNC towards internationalization
  • the stage theory of internationalization
Answer: a gradual process of internationalization
Q20 | Ethnocentric orientation is a predisposition towards —
  • regionalism
  • the home country
  • the global economy
  • geographically proximate regions
Answer: the global economy
Q21 | . Pull factors refer to —
  • offensive motives of internationalization
  • strategic motivation
  • market motives of internationalization
  • resource-seeking motives
Answer: strategic motivation
Q22 | Business entities engaged in international business activity are commonly known as-
  • NGOs
  • EOUs
  • State-trading corporations
  • TNCs
Answer: NGOs
Q23 | Credits transferable by original beneficiary in favor of secondary beneficiary areknown as
  • Deferred credits
  • Transit credits
  • Installment credits
  • Transferable credits
Answer: Transferable credits
Q24 | When the exporter, expects the importer, to make the payment immediately upon the draft being presented to him is called.
  • Sight Draft.
  • Usance Draft
  • Demand draft
  • Pay Note
Answer: Sight Draft.
Q25 | Which theory states that, lack of resources often helps countries to become competitive
  • Competitive theory
  • Porters Diamond Model
  • Theory of Mercantilism
  • Product life cycle theory
Answer: Product life cycle theory
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