BADM Exam Questions and Answers
100% PASS
West electronic corporation's sources goods and services for its electronics
products from different locations around the globe in an attempt to take advantage
of differences in the cost and quality of labor and land. This practice demonstrates
the: - CORRECT ANSWER-Globalization of production
2. Which of the following best exemplifies foreign direct investment (FDI)? -
CORRECT ANSWER-a. Chivalry, a U.S. based phone manufacturing company,
has set up its own assembly plant in japan to cater to the needs of the Asian market
3. The motive behind the high tariffs imposed by nations on imports of
manufactured goods, prior to world war II, was to: - CORRECT ANSWER-a.
Protect domestic industries from foreign competition
4. The lowering of trade and investment barriers - CORRECT ANSWER-a.
Allows firms to base production at optimal locations outside their home country
5. Which of the following has been declining in the developing nations of the
world such as china, India, Russia, Indonesia, Thailand, south Korea, Mexico, and
,brazil/ - CORRECT ANSWER-a. Barriers to the free flow of goods, services and
capital
6. While the lowering of trade barriers made globalization of markets and
production a theoretical possibility, which of the following has made it a tangible
reality? - CORRECT ANSWER-a. The advances in communication, information
processing, and transportation technologies
7. The advent of containerization has: - CORRECT ANSWER-a. Significantly
lowered the costs of shipping goods over long distances
8. Which of the following countries has seen a relative decline in its share of world
output between 1960 and 2012? - CORRECT ANSWER-a. United states
9. Which of the following statements reflects the trend in the changing nature of
multinational enterprises? - CORRECT ANSWER-a. International business is
conducted not just by large firms but also by medium size and small enterprises
10. Which of the following statements is a general implication of globalization? -
CORRECT ANSWER-a. As a result of globalization, a severe crisis in one region
of the world can affect the entire globe
11. Exporting jobs to low wage nations has contributed to: - CORRECT
ANSWER-a. A higher unemployment in wealthy advanced economies such as the
united states
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protected by copyright law
,12. The nafta was formed in 1994 between: - CORRECT ANSWER-a. Canada,
Mexico and the united states
1. The needs of society as a whole are generally viewed as being more important
than individual freedoms when the emphasis is on - CORRECT ANSWER-a.
Collectivism
2. Those who attempt to achieve the same ideologies as that of the communists
without violent revolution and totalitarian dictatorship are: - CORRECT
ANSWER-a. Social democrats
3. The sale of state owned enterprises to independent, nonpublic investors is
referred to - CORRECT ANSWER-a. Privatization
4. A totalitarian political system in which a party, group or individual that
represents the interest of a particular ethnic group monopolizes political power is
referred to as: - CORRECT ANSWER-a. Tribal totalitarianism
5. In which countries are we likely to find free market economies? - CORRECT
ANSWER-a. Countries where individual gals are given primacy over collective
goals
6. In what type of economy are all businesses state owned, the rationale being that
the government can then direct them to make investments that are in the best
interests of the nation as a whole rather than in the interests of private individuals?
- CORRECT ANSWER-a. Pure command
, 7. Which of the following legal systems is most likely to be based on tradition,
precedent, and custom? - CORRECT ANSWER-a. Common law
8. Which of the following statements is true about the difference between
contracts in common law and civil law system? - CORRECT ANSWER-a.
Contracts drafted under a common law system tend to be longer than those
drafted under a civil law system
9. Initech incorporated, a multinational giant, runs a number of diversified
businesses. Which of the following can be considered as an intellectual property of
the firm? - CORRECT ANSWER-a. Innovations and capabilities and skills of the
employees
10. Which of the following nations is most likely to be unappealing as a place for
doing business? - CORRECT ANSWER-a. A nation that has a totalitarian political
system
11. Which of the following is based on three measures; life expectancy at birth,
educational attainment, and average incomes based on PPP estimates? -
CORRECT ANSWER-a. Human development index
12. Due to strong legal protection of property rights, businesses and individuals
will: - CORRECT ANSWER-a. Invest more in innovations
13. Which of the following is most likely to be implemented by a country as a part
of deregulation? - CORRECT ANSWER-a. Removal of price controls
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
100% PASS
West electronic corporation's sources goods and services for its electronics
products from different locations around the globe in an attempt to take advantage
of differences in the cost and quality of labor and land. This practice demonstrates
the: - CORRECT ANSWER-Globalization of production
2. Which of the following best exemplifies foreign direct investment (FDI)? -
CORRECT ANSWER-a. Chivalry, a U.S. based phone manufacturing company,
has set up its own assembly plant in japan to cater to the needs of the Asian market
3. The motive behind the high tariffs imposed by nations on imports of
manufactured goods, prior to world war II, was to: - CORRECT ANSWER-a.
Protect domestic industries from foreign competition
4. The lowering of trade and investment barriers - CORRECT ANSWER-a.
Allows firms to base production at optimal locations outside their home country
5. Which of the following has been declining in the developing nations of the
world such as china, India, Russia, Indonesia, Thailand, south Korea, Mexico, and
,brazil/ - CORRECT ANSWER-a. Barriers to the free flow of goods, services and
capital
6. While the lowering of trade barriers made globalization of markets and
production a theoretical possibility, which of the following has made it a tangible
reality? - CORRECT ANSWER-a. The advances in communication, information
processing, and transportation technologies
7. The advent of containerization has: - CORRECT ANSWER-a. Significantly
lowered the costs of shipping goods over long distances
8. Which of the following countries has seen a relative decline in its share of world
output between 1960 and 2012? - CORRECT ANSWER-a. United states
9. Which of the following statements reflects the trend in the changing nature of
multinational enterprises? - CORRECT ANSWER-a. International business is
conducted not just by large firms but also by medium size and small enterprises
10. Which of the following statements is a general implication of globalization? -
CORRECT ANSWER-a. As a result of globalization, a severe crisis in one region
of the world can affect the entire globe
11. Exporting jobs to low wage nations has contributed to: - CORRECT
ANSWER-a. A higher unemployment in wealthy advanced economies such as the
united states
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
,12. The nafta was formed in 1994 between: - CORRECT ANSWER-a. Canada,
Mexico and the united states
1. The needs of society as a whole are generally viewed as being more important
than individual freedoms when the emphasis is on - CORRECT ANSWER-a.
Collectivism
2. Those who attempt to achieve the same ideologies as that of the communists
without violent revolution and totalitarian dictatorship are: - CORRECT
ANSWER-a. Social democrats
3. The sale of state owned enterprises to independent, nonpublic investors is
referred to - CORRECT ANSWER-a. Privatization
4. A totalitarian political system in which a party, group or individual that
represents the interest of a particular ethnic group monopolizes political power is
referred to as: - CORRECT ANSWER-a. Tribal totalitarianism
5. In which countries are we likely to find free market economies? - CORRECT
ANSWER-a. Countries where individual gals are given primacy over collective
goals
6. In what type of economy are all businesses state owned, the rationale being that
the government can then direct them to make investments that are in the best
interests of the nation as a whole rather than in the interests of private individuals?
- CORRECT ANSWER-a. Pure command
, 7. Which of the following legal systems is most likely to be based on tradition,
precedent, and custom? - CORRECT ANSWER-a. Common law
8. Which of the following statements is true about the difference between
contracts in common law and civil law system? - CORRECT ANSWER-a.
Contracts drafted under a common law system tend to be longer than those
drafted under a civil law system
9. Initech incorporated, a multinational giant, runs a number of diversified
businesses. Which of the following can be considered as an intellectual property of
the firm? - CORRECT ANSWER-a. Innovations and capabilities and skills of the
employees
10. Which of the following nations is most likely to be unappealing as a place for
doing business? - CORRECT ANSWER-a. A nation that has a totalitarian political
system
11. Which of the following is based on three measures; life expectancy at birth,
educational attainment, and average incomes based on PPP estimates? -
CORRECT ANSWER-a. Human development index
12. Due to strong legal protection of property rights, businesses and individuals
will: - CORRECT ANSWER-a. Invest more in innovations
13. Which of the following is most likely to be implemented by a country as a part
of deregulation? - CORRECT ANSWER-a. Removal of price controls
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
