UTAMPA BUS 101 Chapters 6–9 Exam | Verified Questions & Correct Solutions

UTAMPABUS101: CHAPTER6-9 s s s s




sEXAMWITH VERIFIEDSOLUTIONS s s s




Exports b- b bcorrect banswer- bAny bgoods bor bservices bproduced bwithin bthe
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bdomestic bcountry, bbut bsold bin ba bforeign bcountry.
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Imports b- b bcorrect banswer- bAny bgoods bor bservices bproduced bin ba bforeign
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bcountry bbut bpurchased bdomestically
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Balance bof btrade b- b bcorrect banswer- bthe bdifference bbetween ba bcountry's btotal
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bexports band btotal bimports
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Trade bsurplus b- b bcorrect banswer- bwhen ba bcountry bexports bmore bthan bit
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bimports
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Trade bdeficit b- b bcorrect banswer- bAn bexcess bof bimports bover bexports
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Comparative badvantage b- b bcorrect banswer- bThe bidea bthat bcountries band s s s s s s s s s s




bbusinesses bshould bspecialize bin bthe bproduction bof bgoods bin bwhich bthey bhave
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ba blower bopportunity bcost.
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Absolute badvantage b- b bcorrect banswer- bIn bthe btheory bof binternational btrade, ba
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bcountry bor bfirm bhas ban babsolute badvantage bif bit bcan bproduce ba bproduct
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b(good bor bservice) bmore b'efficiently' b(cheaply) bthan bothers.
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Pollution bhaven b- b bcorrect banswer- bWhen blarge bindustrialized bnations bseek bto
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bset bup bfactories bor boffices babroad, bthey bwill boften blook bfor bthe bcheapest
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boption bin bterms bof bresources band blabor bthat boffers bthe bland band bmaterial
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baccess bthey brequire.
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Licensing b- b bcorrect banswer- bOccurs bwhen ba bfirm b(i.e., bthe blicensor) ballows ba
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bforeign bcompany b(i.e., bthe blicensee) bto bproduce bits bproducts band butilize bits
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btrademarks bfor ba broyalty bfee.
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International bfranchise b- b bcorrect banswer- bAllows bthe bfranchisee bto butilize bthe s s s s s s s s s s s




bbusiness bname band bsell bthe bproduct bin ba bgiven bmarket barea.
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Contract bmanufacturing b- b bcorrect banswer- bAllows bfor bmore bcontrol bin
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baccessing binternational bmarkets bby bsimply ballowing ba bforeign bcompany bthe
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bability bto bproduce btheir bproduct.
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International bjoint bventures b- b bcorrect banswer- bA bspecial btype bof bpartnership s s s s s s s s s s s




bbetween btwo bor bmore bcompanies bin bdifferent bcountries.
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, International bstrategic balliance b- b bcorrect banswer- bA bless bformal bpartnership, s s s s s s s s s s




bdone bwithout bsharing bof bprofits band brisks.
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Foreign bdirect binvestment b(FDI) b- b bcorrect banswer- bThe bpurchase bof
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bpermanent bcapital bgoods, bsuch bas ba bmanufacturing bfactory bor ba bbusiness bin
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ba bdifferent bcountry.
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Foreign bsubsidiary b- b bcorrect banswer- bWhen ba bparent bcompany bin bthe bhome
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bcountry bpurchases ba bcompany bin banother bcountry.
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Multinational bcorporation b- b bcorrect banswer- bThe bbusiness bmust bown ba s s s s s s s s s s




bphysical bpresence bin bforeign bcountry.
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Non-tradable bgoods band bservices b- b bcorrect banswer- bProducts bthat bare bnot s s s s s s s s s s s




beasily btradable bdue bto btheir binherent bcharacteristics.
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Trade bprotection b- b bcorrect banswer- bA bbarrier binstituted bby ba bgovernmental
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bentity bdesigned bto bshield bdomestic bindustries band btheir bworkers bfrom bglobal
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bcompetition.
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Tariffs b- b bcorrect banswer- bTaxes bplaced bon bimported bgoods.
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Quota b- b bcorrect banswer- bA brestriction bon bthe boverall bquantity bof ba bcertain
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bgood bthat bcan bbe bimported binto ba bcountry.
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Non-tariff bbarriers b- b bcorrect banswer- bA bform bof brestrictive btrade bwhere btrade
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bbarriers bare bset bup band btake ba bform bother bthan ba btariff.
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World bTrade bOrganization b(WTO) b- b bcorrect banswer- bThe bWTO bis ba bforum
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bfor bnations bto bnegotiate bthe brules bof binternational btrade, bwith bthe boverall
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bpurpose bof bthe borganization bbeing bto bfacilitate ba bharmonious bflow bof bglobal
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btrade.
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Founded: bJanuary b1st, b1995 s s s




High-performance bwork bsystems b- b bcorrect banswer- bFocusing bon bstrategies s s s s s s s s s




bthat bcapitalize bon bpeople.
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Employer battractiveness b- b bcorrect banswer- bEnvisioned bbenefits bthat ba
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bpotential bemployee bsees bin bworking bfor ba bspecific borganization.
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Qualifications b- b bcorrect banswer- bA bjob bapplicant's bknowledge, babilities, bskills, s s s s s s s s s s




band bother bcharacteristics.
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Validated bselection btools b- b bcorrect banswer- bTools bthat bhave bbeen bshown bto
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bpredict bvarious baspects bof bperformance.
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Job bapplication b- b bcorrect banswer- bRequests binformation babout bcandidates'
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bwork bexperiences band beducation, balong bwith ba blist bof breferences.
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