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5
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When management has no bias towards home or host country and focus is on a
collaborative approach

a.
Geocentric

b.
Ethnocentric

c.
Polycentric

d.
Regiocentric

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The balance of payments account is conventionally divided into
a.
Visible Account and Invisible Account

b.
Current Account and Capital Account

c.
Long-term capital Account and short term capital account

d.
Foreign Exchange Reserves

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Which of the following statements is true about code law?

a.
It uses written norms, which are complemented by court decisions.

b.
In code-law countries, companies are granted the ability to operate by public authority.

c.
In code-law countries, intellectual property rights are established by prior use.
d.
It is established based on the rulings from previous cases.

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The long term impact of Brexit is expected to cause

a.
No impact on economy

b.
Decline in UK's economy

c.
Difficult to anticipate presently

d.
Growth of UK's economy

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"One currency, one market” is the description of this type of economic cooperation:

a.
Free trade area

b.
Economic Union

c.
Political Union

d.
Customs Union

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When a company collects data from national media, trade and technical press,
government statistics and trade association information to learn more about an
international market, it is utilizing:

a.
Tertiary data

b.
Primary data
c.
Market information system

d.
Secondary data

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According to Hofstede, a society with long-term orientation emphasizes

a.
Fulfillment of social obligations

b.
Thrift and perseverance

c.
Protection of one's public image

d.
Respect for tradition

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Which of the following is true of licensing as a form of global market entry?

a.
It allows a licensor to directly involve in the overseas market and user's needs.

b.
It can restrict the growth of domestic competitors in an overseas market.

c.
A company's resources cannot be exploited by another company.

d.
A company can expand its market reach with almost no capital or marketing costs.

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_________refers to as governmental action to dispossess a company or investor.

a.
Equity dilution
b.
Earnings stripping

c.
Deracination

d.
Expropriation

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Which of the following replaced the General Agreement on Tariffs and Trade?

a.
World Trade Organization

b.
North American Free Trade Agreement

c.
European Union

d.
World Intellectual Property Organization

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Within a Free Trade Area among a set of countries, goods and services can be imported

a.
With 50% rate of scheduled duty

b.
Import Duty structure remains unchanged

c.
With a nominal duty

d.
Without any duty

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Removal of Restriction on Factor Movements within a set of countries is termed

a.
Common Market

b.
Free trade area

c.
Customs Union

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Culture is:

a.
Weather patterns

b.
Mc Donalds

c.
Learned behaviour

d.
What is not Indian

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Investment into the stock / share market of a country is:

a.
Foreign Direct Investment

b.
Counter trade

c.
Foreign Portfolio Investment

d.
Barter Trade

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Attaining worldwide coordination, rationalization, and integration of all marketing
activities is the specific objective of __________________.
a.
the World Trade Organization

b.
regional and integrated markets such as NAFTA

c.
global markets

d.
global marketing