Liberty BUSI 303 Quiz 4 Answers Complete Solutions
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A factory that can be viewed as an intelligence-gathering unit is called a(n)
A(n) _____ factory is intended to create new processes, products, and technologies that can be used throughout the global firm in all parts of the world.
1.
According to the Bretton Woods agreement, the task of the IMF would be to
2.
Advocates of the floating rate system argue that
3.
The agency of the U.S. government whose mission is to assist in the financing of U.S. exports of products and services to support U.S. employment and market competitiveness is called the
4.
An alternative means of structuring an international sale when conventional means of payment are difficult, costly, or nonexistent is a
STATUS
5.
American-based Xylor Company has decided to establish a wholly owned subsidiary in Chile. To decide whether to acquire an enterprise in the market or to establish a greenfield venture, the company evaluated the pros and cons of each strategy. In the end, Xylor Company opted to establish a greenfield venture. Which of the following likely was a major point in favor of greenfield ventures?
6.
Reached when the income a nation’s residents earn from exports equals money paid for imports
7.
A loss of confidence in the banking system that leads to a run on banks, as individuals and companies withdraw their deposits
8.
The direct exchange of goods or services between two parties without a cash transaction
9.
An order written by an exporter instructing an importer, or an importer’s agent, to pay a specified amount of money at a specified time
10.
A document issued to an exporter by a common carrier transporting merchandise. It serves as a receipt, a contract, and a document of title
11.
The Bretton Woods agreement created which of the following two multinational institutions?
12.
Agreement to accept a percentage of a plant’s output as payment for contract to build a plant
13.
The costs of promoting and establishing a product offering, including the costs of educating customers, that are associated with entering a foreign market early are called
14.
A reciprocal buying agreement
15.
The trade of goods and services for other goods and services
16.
A country is said to be in ____ when the income its residents earn from exports is equal to the money its residents pay to other countries for imports
17.
Means of controlling a country’s currency
18.
Occurs when a speculative attack on the exchange value of a currency results in a sharp depreciation in the value of the currency or forces authorities to expend large volumes of international currency reserves and sharply increase interest rates to defend the prevailing exchange rate
19.
A system under which a country’s currency is nominally allowed to float freely against other currencies but in which the government will intervene, buying and selling currency, if it believes that the currency has deviated too far from its fair value
20.
A disadvantage of franchising as a mode of entry into foreign markets is that it
21.
The document that states that the bank will pay a specified sum of money to a beneficiary, normally the exporter, on presentation of particular, specified documents is called the
