BUSI 303 exam 1(Version 1), Verified and Correct answers, Liberty University

BUSI 303 Exam 1

 Question 1
2.5 out of 2.5 points
Religion is an important influencer of cultures.
Selected Answer: True




 Question 2
2.5 out of 2.5 points
The foundational rules in the World Trade Organization (WTO), which
originated in GATT, deals with the rules of trade between nations at a
global or near-global level. .
Selected Answer: True




 Question 3
2.5 out of 2.5 points
The WTO is not exclusively about lowering or reducing trade barriers
but in some circumstances it supports maintaining trade barriers.
Selected Answer: True




 Question 4

, 2.5 out of 2.5 points
In the “Great Revelation,” Confucius revealed the step by step process
by which one attains self-development.
Selected Answer: False



 Question 5
2.5 out of 2.5 points
Since 2000 the proportion of the largest economic entities that are
corporations has fallen 20 percent.
Selected Answer: True



 Question 6
2.5 out of 2.5 points
Communications technologies provide us with the ability to encode our
thoughts and purposes clearly.
Selected Answer: False
 Question 7
2.5 out of 2.5 points
The difference between civil law and common law is grounded in the
methodological approach to codes and statues.
Selected Answer: True
 Question 8
2.5 out of 2.5 points
As reported by the U.S. government CIA World Factbook in 2014, the
GDP purchasing power parity for the United States in 2012 ranked first
among other nations.
Selected Answer: True