Unit 2 T/F Review: Question Preview (ID: 23686)


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Direct exporting occurs when a company actively seeks to sell goods and services in other countries
a) True b) False c) d)
Multinational companies only pay taxes to the government in their home countries
a) False b) True c) d)
A multinational company is said to have a world-wide market view because it views the entire world as a potential customer
a) True b) False c) d)
The simplest, lowest-risk method of getting involved in international business is to form a joint venture with a company in another country
a) False b) True c) d)
One reason direct exporting is a relatively low-risk method of getting involved in international business is because the exporting company does not have an extensive investment in another country
a) True b) False c) d)
A country has a favorable balance of payments if the total flow of money going out of a country is greater than the total flow of money coming into the country
a) False b) True c) d)
A trade deficit is created by a favorable balance of payments
a) False b) True c) d)
Some goods have to be imported because they are only available from foreign sources
a) True b) False c) d)
The risk involved in importing is increased if you do not first determine whether there is any demand for the product you plan to import
a) True b) False c) d)
The exchange rate of currencies always stays the same from one day to the next
a) False b) True c) d)
An unfavorable balance of payments will usually result in a decline in the value of a nation's currency
a) True b) False c) d)
The World Bank has the major function of providing economic assistance to less-developed countries
a) True b) False c) d)
The International Monetary Fund sets the exchange rate for currencies in different countries
a) False b) True c) d)
Usually when a country experiences high foreign demand for its products the demand results in a strong currency for the country because its manufacturers want to be paid in their own currency.
a) True b) False c) d)
A country's currency usually declines in value when the country's deb increases significantly
a) True b) False c) d)
When a company does business in another country is must observe its own country's laws, the host country's laws, and any treaties and trade agreements involving that country
a) True b) False c) d)
The World Intellectual Property Organization (WIPO) coordinates international treaties to protect patents, trademarks, and other intellectual property
a) True b) False c) d)
Throughout the world, most legal disputes have to be settled in court
a) False b) True c) d)
Most countries have more than one court system, and the rules and procedures are usually different in each system
a) True b) False c) d)
Arbitration and mediation are usually faster and less expensive than litigation.
a) True b) False c) d)
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