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Chapter 3 Quiz 1

Business

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Chapter 3 Quiz

1. International business involves the buying, selling, and trading of goods and services across national boundaries. 
Select one: 0 True 0 False 
2. The Webb-Pomerene Export Trade Act allows selected American firms desiring international trade to form monopolies to compete with foreign cartels. 
Select one: 0 True 0 False 
3. A common reason for establishing quotas or tariffs is to prohibit dumping. 
Select one: 0 True 0 False 
4. Around the globe, completely free trade is common. 
Select one: 0 True 0 False 
5. The Webb-Pomerene Export Trade Act allows selected U.S. firms desiring international trade to form monopolies to compete with foreign cartels.. 
Select one: 0 True 0 False 
6. The Association of Southeast Asian Nations (ASEAN) effectively united Singapore, Britain, and Japan into one market. 
Select one: 0 True 0 False 
7. Only small firms are mobile enough to engage in international business. 
Select one: 0 True 0 False 
8. Exporting is available only to large corporations. 
Select one: 0 True 0 False 
9. Direct investment is the least risky and least expensive way to participate in foreign trade. 
Select one: 0 True 0 False 
10. A multinational strategy involves customizing products, promotion, and distribution according to cultural, technological, regional, and national differences. 
Select one: 0 True 0 False