BUS 504 EXAM-MANAGEMENT 5 QUESTIONS WITH
CORRECT ANSWERS 2023 UPDATE
1. 1. refers to the process of growing interdependence among
resource supplies, product markets, and business competition on a worldwide
basis.
A. Transnational interdependence
B. The multinational economy
C. International management
D. Global management
E. Globalisation
E. Globalisation
2. 2. Which of the following does NOT describe the characteristics of global managers?
A. Being transnational in outlook
B. Being competent in working with persons from different cultures
C. Being aware of regional developments in a changing world
D. Being informed about international
developments E. Focusing on domestic market
demands
E. Focusing on domestic market demands
3. 3. Which of the following accurately describes member countries of the forum for Asian-
Pacific Economic Cooperation (APEC)?
A. The member countries represent three quarters of the global marketplace.
B. The member countries represent one third of the world's top market for cars
and telecommunications equipment.
C. The member countries provide both high cost labour and a growing pool of
highly skilled brainpower.
d. All of the above.
e. None of the above.
B. The member countries represent one third of the world's top market for cars and
telecommunications equipment.
4. 4. The Asia-Pacific Economic Cooperation (APEC) provides for Asia-Pacific economies
to strengthen regional links and
A. pursue common trade and economic goals
B. contribute to Australia's security
C. deepen economic relationships with China
d. All of the above
e. None of the above
A. pursue common trade and economic goals
5. 5. The Organisation for Economic Cooperation and Development (OECD) facilitates a
developed-country forum in which Australia and New Zealand can meet with to
discuss economic, trade and social policy concerns.
A. Canada, US and Mexico
,BUS 504 EXAM-MANAGEMENT 5 QUESTIONS WITH
CORRECT ANSWERS 2023 UPDATE
B. Japan, Indonesia and China
C. Pacific Rim countries
D. Japan, North America and Western Europe
E. North America and Britain
D. Japan, North America and Western Europe
6. 6. Australia's strengthening cooperation with Asia contributes to
a. Australia's security
b. promotion of international interests
c. increased trade collaboration
d. All of the above
e. None of the above
d. All of the above
7. 7. Which of the following statements about the relationship between Australia and
New Zealand is true?
A. There is an increase in compliance costs for companies operating in both
countries. B. The relationship between the two countries remains strong, and is
evident from the progress on the progress on the continuing Trans-Tasman trade and
economic agenda.
C. The relationship between Australia and New Zealand is weakening economically.
D. The gap between Australia and New Zealand's business law regimes is widening.
E. The Trans-Tasman Mutual Recognition Arrangement was disbanded in 2002.
B. The relationship between the two countries remains strong, and is evident from the
progress on the progress on the continuing Trans-Tasman trade and economic
agenda.
8. 8. Which of the following are competitive implications for the European Union?
A. Free flow of workers, goods and services, and investments across national boundaries
B. Each EU country has access to a market slightly smaller than the United States.
C. Unfavourable trade and customs laws
d. All of the above
e. None of the above
A. Free flow of workers, goods and services, and investments across national
boundaries
9. 9. The European Union is composed of 27 Western European countries that have
A. decided to promote cultural exchanges.
B. created an international organisation to represent the rights and interests of
workers. C. agreed to promote mutual economic growth by removing trade barriers.
D. signed a mutual defence treaty.
E. formed a political alliance to overthrow communism.
C. agreed to promote mutual economic growth by removing trade barriers.
10. 10. The is/are comprised of 27 countries linked together through
favourable trade and customs laws to facilitate the free flow of workers, products and
, BUS 504 EXAM-MANAGEMENT 5 QUESTIONS WITH
CORRECT ANSWERS 2023 UPDATE
investments across national boundaries.
CORRECT ANSWERS 2023 UPDATE
1. 1. refers to the process of growing interdependence among
resource supplies, product markets, and business competition on a worldwide
basis.
A. Transnational interdependence
B. The multinational economy
C. International management
D. Global management
E. Globalisation
E. Globalisation
2. 2. Which of the following does NOT describe the characteristics of global managers?
A. Being transnational in outlook
B. Being competent in working with persons from different cultures
C. Being aware of regional developments in a changing world
D. Being informed about international
developments E. Focusing on domestic market
demands
E. Focusing on domestic market demands
3. 3. Which of the following accurately describes member countries of the forum for Asian-
Pacific Economic Cooperation (APEC)?
A. The member countries represent three quarters of the global marketplace.
B. The member countries represent one third of the world's top market for cars
and telecommunications equipment.
C. The member countries provide both high cost labour and a growing pool of
highly skilled brainpower.
d. All of the above.
e. None of the above.
B. The member countries represent one third of the world's top market for cars and
telecommunications equipment.
4. 4. The Asia-Pacific Economic Cooperation (APEC) provides for Asia-Pacific economies
to strengthen regional links and
A. pursue common trade and economic goals
B. contribute to Australia's security
C. deepen economic relationships with China
d. All of the above
e. None of the above
A. pursue common trade and economic goals
5. 5. The Organisation for Economic Cooperation and Development (OECD) facilitates a
developed-country forum in which Australia and New Zealand can meet with to
discuss economic, trade and social policy concerns.
A. Canada, US and Mexico
,BUS 504 EXAM-MANAGEMENT 5 QUESTIONS WITH
CORRECT ANSWERS 2023 UPDATE
B. Japan, Indonesia and China
C. Pacific Rim countries
D. Japan, North America and Western Europe
E. North America and Britain
D. Japan, North America and Western Europe
6. 6. Australia's strengthening cooperation with Asia contributes to
a. Australia's security
b. promotion of international interests
c. increased trade collaboration
d. All of the above
e. None of the above
d. All of the above
7. 7. Which of the following statements about the relationship between Australia and
New Zealand is true?
A. There is an increase in compliance costs for companies operating in both
countries. B. The relationship between the two countries remains strong, and is
evident from the progress on the progress on the continuing Trans-Tasman trade and
economic agenda.
C. The relationship between Australia and New Zealand is weakening economically.
D. The gap between Australia and New Zealand's business law regimes is widening.
E. The Trans-Tasman Mutual Recognition Arrangement was disbanded in 2002.
B. The relationship between the two countries remains strong, and is evident from the
progress on the progress on the continuing Trans-Tasman trade and economic
agenda.
8. 8. Which of the following are competitive implications for the European Union?
A. Free flow of workers, goods and services, and investments across national boundaries
B. Each EU country has access to a market slightly smaller than the United States.
C. Unfavourable trade and customs laws
d. All of the above
e. None of the above
A. Free flow of workers, goods and services, and investments across national
boundaries
9. 9. The European Union is composed of 27 Western European countries that have
A. decided to promote cultural exchanges.
B. created an international organisation to represent the rights and interests of
workers. C. agreed to promote mutual economic growth by removing trade barriers.
D. signed a mutual defence treaty.
E. formed a political alliance to overthrow communism.
C. agreed to promote mutual economic growth by removing trade barriers.
10. 10. The is/are comprised of 27 countries linked together through
favourable trade and customs laws to facilitate the free flow of workers, products and
, BUS 504 EXAM-MANAGEMENT 5 QUESTIONS WITH
CORRECT ANSWERS 2023 UPDATE
investments across national boundaries.
