International Marketing Unit 4 Set 2
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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
Q2 | South Korea's chaeboland Japan's keiretsu are examples of
- Tariffs
- Nontariff barriers
- Private barriers
- Government barriers
Q3 | This world organization wants to achieve a broad, multilateral, and free worldwide systemof trading.
- WTO
- GSP
- UNCTAD
- MFN
Q4 | This organization does not allow a nation to veto a panel’s decision
- GATT
- WTO
- UN
- NAFTA
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
Q6 | The system which gives LDCs' exports a preferential treatment is called
- GATT
- GSP
- UNCTAD
- MFN
Q7 | This kind of quota is the most restrictive.
- absolute quota
- tariff quota
- voluntary quota
- VER
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
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
Q10 | South Korea's chaebol and Japan's keiretsu are examples of
- tariffs
- nontariff barriers
- private barriers
- government barriers
Q11 | This world organization monitors trade and resolves disputes.
- WTO
- GSP
- UNCTAD
- World Bank
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
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
Q14 | Firms that combine aspects of centralization and decentralization are
- ethnocentric
- polycentric
- geocentric (X)
- none of the above
Q15 | Because of trade (and imports), inflation
- increases
- decreases
- moderates (X)
- disappears
Q16 | As a result of international trade and global interdependence, countries' inflation ratestend to
- increase
- moderate (X)
- be unpredictable
- be unstable
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
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
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
Q20 | Ethnocentric orientation is a predisposition towards —
- regionalism
- the home country
- the global economy
- geographically proximate regions
Q21 | . Pull factors refer to —
- offensive motives of internationalization
- strategic motivation
- market motives of internationalization
- resource-seeking motives
Q22 | Business entities engaged in international business activity are commonly known as-
- NGOs
- EOUs
- State-trading corporations
- TNCs
Q23 | Credits transferable by original beneficiary in favor of secondary beneficiary areknown as
- Deferred credits
- Transit credits
- Installment credits
- 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
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