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DBIA EXAM QUESTIONS AND CORRECT ANSWERS |
GRADED A+ | LATEST UPDATE 2026/2027 | VERIFIED
SOLUTIONS | ASSURED PASS!!!
It means importing goods from one country and exporting them to
another country after adding some value. - ANSWER: entrepot trade
Primarily, a nation imports goods and services for the following reasons:
- ANSWER: Price
Quality
Availability
Demand
refers to the advantage a nation gets from producing products more
efficiently with the same input than other nations.
- ANSWER: Absolute Cost Advantage Theory
suggests while producing the costs should be checked carefully and
compared and then the product asking comparatively less cost should be
produced.
- ANSWER: Comparative Cost Advantage Theory
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a nation should specialize its production in products which it has an
abundance of production factors - ANSWER: Heckscher-Ohlin's Factor
Endowment Theory (HO Model)
four stages - ANSWER: introduction, growth, maturity, decline
porter's diamond - ANSWER: demand condition, factor endowments,
related and supporting industries, firm structure, strategy and rivalry
confers favored trading status between two nations. By giving them
access to each other's markets, it increases trade and economic growth.
The terms of the agreement standardize business operations and level the
playing field.
- ANSWER: BILATERAL TRADE AGREEMENT
are commerce treaties among three or more nations. The agreements
reduce tariffs and make it easier for businesses to import and export.
Since they are among many countries, they are difficult to negotiate.
- ANSWER: MULTILATERAL
a treaty that is signed by two or more countries to encourage the free
movement of goods and services across the borders of its members. The
agreement comes with internal rules that member countries follow
among themselves. When dealing with non-member countries, there are
external rules in place that the members adhere to.
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- ANSWER: REGIONAL
which means just the opposite of the principle of the H-O model i.e.
capital-rich countries exporting labor-intensive products and vice versa.
- ANSWER: leontief paradox
requires the lowest level of commitment to reducing trade barriers,
though member countries do not eliminate the barriers among
themselves. Also, preferential trade areas do not share common external
trade barriers.
- ANSWER: preferential
all trade barriers among members are eliminated, which means that they
can freely move goods and services among themselves. When it comes
to dealing with nonmembers, the trade policies of each member still take
effect.
- ANSWER: free trade areas
remove trade barriers among themselves and adopt common external
trade barriers. - ANSWER: customs union
wherein members remove internal trade barriers, adopt common policies
when it comes to dealing with non-members, and allow members to move
resources among themselves freely.
- ANSWER: common market
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eliminate trade barriers among themselves, adopt common external
barriers, allow free import and export of resources, adopt a set of
economic policies, and use one currency.
- ANSWER: economic union
Components of Teaming Agreement - ANSWER: qualifications,
insurance, matrix of responsibilities, confidentiality and exclusivity,
payment of stipend/honoarrium URS CORP v TRANSPO - does teaming
agreement waiver survive if subcontract supersedes teaming agreement?
- ANSWER: yes. subcontract was silent, waiver in prime flowed down.
Common Procurement Challenges - ANSWER: - conducting proprietary
meetings
- handling alternative technical concepts
- evaluating non-price factors
- consideration of all proposal information
- use of work product fo unsuccessful proposers
Standard form contracts - ANSWER: - reflect industry consensus on risk
allocation
- predictable judicial interpretation
- convenient and cost effective
Current US Standard Form Contracts - ANSWER: - DBIA (2010/2016)
DBIA EXAM QUESTIONS AND CORRECT ANSWERS |
GRADED A+ | LATEST UPDATE 2026/2027 | VERIFIED
SOLUTIONS | ASSURED PASS!!!
It means importing goods from one country and exporting them to
another country after adding some value. - ANSWER: entrepot trade
Primarily, a nation imports goods and services for the following reasons:
- ANSWER: Price
Quality
Availability
Demand
refers to the advantage a nation gets from producing products more
efficiently with the same input than other nations.
- ANSWER: Absolute Cost Advantage Theory
suggests while producing the costs should be checked carefully and
compared and then the product asking comparatively less cost should be
produced.
- ANSWER: Comparative Cost Advantage Theory
,2|Page
a nation should specialize its production in products which it has an
abundance of production factors - ANSWER: Heckscher-Ohlin's Factor
Endowment Theory (HO Model)
four stages - ANSWER: introduction, growth, maturity, decline
porter's diamond - ANSWER: demand condition, factor endowments,
related and supporting industries, firm structure, strategy and rivalry
confers favored trading status between two nations. By giving them
access to each other's markets, it increases trade and economic growth.
The terms of the agreement standardize business operations and level the
playing field.
- ANSWER: BILATERAL TRADE AGREEMENT
are commerce treaties among three or more nations. The agreements
reduce tariffs and make it easier for businesses to import and export.
Since they are among many countries, they are difficult to negotiate.
- ANSWER: MULTILATERAL
a treaty that is signed by two or more countries to encourage the free
movement of goods and services across the borders of its members. The
agreement comes with internal rules that member countries follow
among themselves. When dealing with non-member countries, there are
external rules in place that the members adhere to.
,3|Page
- ANSWER: REGIONAL
which means just the opposite of the principle of the H-O model i.e.
capital-rich countries exporting labor-intensive products and vice versa.
- ANSWER: leontief paradox
requires the lowest level of commitment to reducing trade barriers,
though member countries do not eliminate the barriers among
themselves. Also, preferential trade areas do not share common external
trade barriers.
- ANSWER: preferential
all trade barriers among members are eliminated, which means that they
can freely move goods and services among themselves. When it comes
to dealing with nonmembers, the trade policies of each member still take
effect.
- ANSWER: free trade areas
remove trade barriers among themselves and adopt common external
trade barriers. - ANSWER: customs union
wherein members remove internal trade barriers, adopt common policies
when it comes to dealing with non-members, and allow members to move
resources among themselves freely.
- ANSWER: common market
, 4|Page
eliminate trade barriers among themselves, adopt common external
barriers, allow free import and export of resources, adopt a set of
economic policies, and use one currency.
- ANSWER: economic union
Components of Teaming Agreement - ANSWER: qualifications,
insurance, matrix of responsibilities, confidentiality and exclusivity,
payment of stipend/honoarrium URS CORP v TRANSPO - does teaming
agreement waiver survive if subcontract supersedes teaming agreement?
- ANSWER: yes. subcontract was silent, waiver in prime flowed down.
Common Procurement Challenges - ANSWER: - conducting proprietary
meetings
- handling alternative technical concepts
- evaluating non-price factors
- consideration of all proposal information
- use of work product fo unsuccessful proposers
Standard form contracts - ANSWER: - reflect industry consensus on risk
allocation
- predictable judicial interpretation
- convenient and cost effective
Current US Standard Form Contracts - ANSWER: - DBIA (2010/2016)
