Business Environment and International Business MCQ Questions and Solutions with Explanations | Commerce

A. It enables executives to concentrate on strategy

B. It improves process and saves money

C. It decreases organizational capabilities

D. None of the above

A. Australia

B. Japan

C. China

D. Mauritius

A. National income

B. Cultural customs

C. Management of business function

D. All of the above

A. Consumption abroad

B. Cross border services

C. Both A and B

D. None of these

A. Capital A/c

B. Visible A/c

C. Invisible A/c

D. Merchandise A/c

A. Free Trade Area among a group of countries means that they eliminate import tariffs against one another but maintain their original tariff levels against the rest of the world

B. Customs Union among a group of countries means that they eliminate import tariffs against one another, coordinate their macro policies and impose a common tariff wall against the rest of the world

C. In a common market the member countries eliminate import tariffs against the rest of the world

D. In an Economic Union, the member countries eliminate import tariffs against one another, allow free mobility to factors between them, coordinate their macro-policies and maintain a common tariff wall against the rest of the world

A. a-1, b-2, c-3, d-4

B. a-1, b-3, c-2, d-4

C. a-2, b-3, c-4, d-1

D. a-4, b-1, c-2, d-3

A. Short-run outcome

B. Long-run outcome

C. Intermediate outcome

D. All the above

A. General agreement on trade in services

B. Trade-related intellectual property rights

C. Trade-related investment measures

D. All of the above

A. a-4, b-1, c-2, d-3

B. a-4, b-3, c-1, d-2

C. a-3, b-4, c-2, d-1

D. a-3, b-1, c-4, d-2