Agribusiness Management Test 2 Questions And Answers
A firm that obtains essentially all its resources and sells all its products or services
within a single country is called a domestic business - ANSWER True
Ajax has most of its manufacturing operations in Germany, buys large quantities of raw
materials from countries in South America and sells its products primarily in Third World
countries. Using the classification scheme employed in the text, Ajax would be a
multinational business - ANSWER False
One of the major problems faced by developing economies is the absence of a
well-developed infrastructure - ANSWER True
Which of the following was NOT a major influence on the growth of international
business -
ANSWER The devastation of many countries in europe and asia after wwII
Advances in communication technology
Postwar population boom
Rebuilding of war torn countries like Japan with new technology
When RCA agrees to allow some japanese firms to manufacture televisions with the RCA
name, this strategy is called -
ANSWER A licensing agreement
General Mills and Nestle created Cereal Partners Worldwide to challenge Kellogg's
dominance in Europe. this is an example of - ANSWER A joint venture
When General Motors builds an automotive plant in Canada, this is an example of -
ANSWER Direct investment
, Which of the following is true of trends in the international business arena over the past
25-30 years? - ANSWER Foreign investment in the United States has increased fast
than U.S investments overseas
The highest level of involvement in international business is - ANSWER Direct
investment
Japanese companies have relocated much of their production to Thailand because
labour is so much cheaper. The text would suggest this is an example of - ANSWER
Outsourcing
Since the United States is a mature market economy, one major problem that makers of
the Yugo automobile should have expected to face when they began exporting the
vehicle to the US was - ANSWER Losing market share to established firms
The US is involved in a market system with which other parties - ANSWER Canada and
Mexico
Which of the following is not a mature market economy -
ANSWER France, Japan, Sweden, Kuwait
Which of the following is Not an economic challenge faced by international
management-
ANSWER Government stability
A developing country in South America offers your firm a construction subsidy if you
build your new plant there. This is an example of -
ANSWER An incentive for international trade
Which of the following is a true statement about tariffs -
A firm that obtains essentially all its resources and sells all its products or services
within a single country is called a domestic business - ANSWER True
Ajax has most of its manufacturing operations in Germany, buys large quantities of raw
materials from countries in South America and sells its products primarily in Third World
countries. Using the classification scheme employed in the text, Ajax would be a
multinational business - ANSWER False
One of the major problems faced by developing economies is the absence of a
well-developed infrastructure - ANSWER True
Which of the following was NOT a major influence on the growth of international
business -
ANSWER The devastation of many countries in europe and asia after wwII
Advances in communication technology
Postwar population boom
Rebuilding of war torn countries like Japan with new technology
When RCA agrees to allow some japanese firms to manufacture televisions with the RCA
name, this strategy is called -
ANSWER A licensing agreement
General Mills and Nestle created Cereal Partners Worldwide to challenge Kellogg's
dominance in Europe. this is an example of - ANSWER A joint venture
When General Motors builds an automotive plant in Canada, this is an example of -
ANSWER Direct investment
, Which of the following is true of trends in the international business arena over the past
25-30 years? - ANSWER Foreign investment in the United States has increased fast
than U.S investments overseas
The highest level of involvement in international business is - ANSWER Direct
investment
Japanese companies have relocated much of their production to Thailand because
labour is so much cheaper. The text would suggest this is an example of - ANSWER
Outsourcing
Since the United States is a mature market economy, one major problem that makers of
the Yugo automobile should have expected to face when they began exporting the
vehicle to the US was - ANSWER Losing market share to established firms
The US is involved in a market system with which other parties - ANSWER Canada and
Mexico
Which of the following is not a mature market economy -
ANSWER France, Japan, Sweden, Kuwait
Which of the following is Not an economic challenge faced by international
management-
ANSWER Government stability
A developing country in South America offers your firm a construction subsidy if you
build your new plant there. This is an example of -
ANSWER An incentive for international trade
Which of the following is a true statement about tariffs -
