MNB3701 MCQ ASSIGNMENT 3 2023

0717513144 MNB3701




DISCLAIMER

MNB3701 ASSIGNMENT 3 MCQ. STUDENTS CAN BUY AND ANSWER THEIR
ASSIGNEMTNS.

CONTACT NUMBER:

071 751 3144

EMAIL






Page 1 of 24

,0717513144 MNB3701

If country A, can produce both cheese and chocolate, the country must determine how
much labour goes into producing each good. If it takes one of labour to produce 10
units of cheese and one of labour to produce 20 units of chocolate. Then this country
has………………….


a.
An absolute advantage in producing cheese

b.
An absolute advantage in producing chocolate

c.
A comparative advantage in producing cheese

d. A comparative advantage in producing chocolate


Question text

Due to low labour costs and Chinese manufacturers' capabilities and competences in
manufacturing processes, Apple, an American firm, has chosen to relocate its non-core
operations, such as manufacturing, to China. This is referred to as…………..




a.
Reshoring

b.
Nearshoring

c. Offshore outsourcing

d.
Business process outsourcing


Question text

Protectionism is when policies are designed to act as ……………………




Page 2 of 24

, 0717513144 MNB3701


a. barriers to international trade

b.
promoting local production

c.
discouraging exports

d.
promoting imports


Question text


A multinational enterprise is defined as an enterprise that ……………………




a.
Has sales in more than one country

b. Has subsidiaries in more than one country

c.
Has employees from more than one country

d.
Is buying components in more than one country


Question text


Assets specificity refers to investments that are ……………………




a. Specific to a business relationship

b.
Specific to a business function



Page 3 of 24