INTB 1203 Exam 2 Questions with Complete Solutions

INTB 1203 Exam 2 Questions with
Complete Solutions6

1. Which of the following is a B Lab certification condition?



a. Accountability

b. Transparency

c. Performance

d. All of the above - ANSWERS-d. All of the above



Which of the following is false about what the Uruguay Round of GATT agreed to?

a. Reduce tariffs by more than ⅓

b. Extend GATT rules to intellectual property

c. Reduce barriers on textile trade

d. Increase agricultural subsidies - ANSWERS-d. Increase agricultural subsidies



What are the 3 parts to the triple bottom line (3BL)?



A. Accountability, Ethics, Performance



B. Social, Environmental, Economic



C. Cost, Availability, Transparency



D. Responsibility, Philanthropy, Profitability - ANSWERS-B. Social, Environmental, Economic

, Which of the following are non-tariff barriers?



A. Quotas



B. Local Content Requirements



C. Subsidies



D. All of the Above - ANSWERS-D. All of the Above



What does WOS stand for in the context of foreign entry modes that we discussed in class?

A) Wholly Owned Subsidiaries

B) William Omar Subsidiary

C) Women In Subsidiaries

D) Does not stand for anything - ANSWERS-A) Wholly Owned Subsidiaries



The first round of the GATT was in which city:



A) Geneva

B) Annecy

C) Torquay

D) Kennedy - ANSWERS-A) Geneva



Which is not an example of the "what should I do" vs. "what could I do" dilemma when making
ethical decisions?