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Unit 2 T/F Review
Test Description: T/F Questions of Review
Instructions: Answer all questions to get your test result.
1) Direct exporting occurs when a company actively seeks to sell goods and services in other countries
A
False
B
True
2) Multinational companies only pay taxes to the government in their home countries
A
False
B
True
3) A multinational company is said to have a world-wide market view because it views the entire world as a potential customer
A
False
B
True
4) The simplest, lowest-risk method of getting involved in international business is to form a joint venture with a company in another country
A
True
B
False
5) 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
False
B
True
6) 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
True
B
False
7) A trade deficit is created by a favorable balance of payments
A
True
B
False
8) Some goods have to be imported because they are only available from foreign sources
A
False
B
True
9) 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
False
B
True
10) The exchange rate of currencies always stays the same from one day to the next
A
True
B
False
11) An unfavorable balance of payments will usually result in a decline in the value of a nation's currency
A
True
B
False
12) The World Bank has the major function of providing economic assistance to less-developed countries
A
True
B
False
13) The International Monetary Fund sets the exchange rate for currencies in different countries
A
True
B
False
14) 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
15) A country's currency usually declines in value when the country's deb increases significantly
A
False
B
True
16) 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
False
B
True
17) The World Intellectual Property Organization (WIPO) coordinates international treaties to protect patents, trademarks, and other intellectual property
A
False
B
True
18) Throughout the world, most legal disputes have to be settled in court
A
False
B
True
19) Most countries have more than one court system, and the rules and procedures are usually different in each system
A
False
B
True
20) Arbitration and mediation are usually faster and less expensive than litigation.
A
False
B
True
*select an answer for all questions
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