ELE 3010: Quiz 2 (chapters 4-6)
In Has the main disadvantages of high transportation costs, trade barriers, and
problems with local marketing agents - ✔️✔️Exporting
It is a practice in some cultures to hug and even kiss when greeting a known
business partner. What aspect of nonverbal language is being referred to in the
above example? - ✔️✔️Space
This problem-solving method involves developing new ideas by thinking without
constraints - ✔️✔️Big-dream approach
The term of a copyright is the author's life plus - ✔️✔️70 years
Licensing is best described as - ✔️✔️A method that involves giving a foreign
manufacturer the right to use a patent, technology, production process, or
product in return for the payment of a royalty
ternational entrepreneurship decisions are more complex than domestic
decisions due to uncontrollable factors such as economic development and stage
of economic development - ✔️✔️True
Culture encompasses a wide variety of elements, including language, social
structure, religion, political philosophy, economic philosophy, education, and
manners and customs - ✔️✔️True
Licensing represents opportunities for: - ✔️✔️An entrepreneur to profit with less
risk and costly start-up investment
Brainstorming groups should - ✔️✔️Try to generate as many ideas as possible
What term describes that practice of paying for goods indirectly through another
source? - ✔️✔️Barter
Parameter analysis consists of two main aspects which are: - ✔️✔️Creative
synthesis and parameter identification
This is the joining of two firms in order to form a third company in which equity is
shared - ✔️✔️Joint Venture
A vertical merger is the combination of two firms that produce one or more of the
same or closely related products in the same geographical area - ✔️✔️False
In Has the main disadvantages of high transportation costs, trade barriers, and
problems with local marketing agents - ✔️✔️Exporting
It is a practice in some cultures to hug and even kiss when greeting a known
business partner. What aspect of nonverbal language is being referred to in the
above example? - ✔️✔️Space
This problem-solving method involves developing new ideas by thinking without
constraints - ✔️✔️Big-dream approach
The term of a copyright is the author's life plus - ✔️✔️70 years
Licensing is best described as - ✔️✔️A method that involves giving a foreign
manufacturer the right to use a patent, technology, production process, or
product in return for the payment of a royalty
ternational entrepreneurship decisions are more complex than domestic
decisions due to uncontrollable factors such as economic development and stage
of economic development - ✔️✔️True
Culture encompasses a wide variety of elements, including language, social
structure, religion, political philosophy, economic philosophy, education, and
manners and customs - ✔️✔️True
Licensing represents opportunities for: - ✔️✔️An entrepreneur to profit with less
risk and costly start-up investment
Brainstorming groups should - ✔️✔️Try to generate as many ideas as possible
What term describes that practice of paying for goods indirectly through another
source? - ✔️✔️Barter
Parameter analysis consists of two main aspects which are: - ✔️✔️Creative
synthesis and parameter identification
This is the joining of two firms in order to form a third company in which equity is
shared - ✔️✔️Joint Venture
A vertical merger is the combination of two firms that produce one or more of the
same or closely related products in the same geographical area - ✔️✔️False
