True or False Quiz

Please answer all questions.


1	The devaluation index represents the rate at which one nation's currency can be exchanged for another nation's currency or for gold.
		A)	True
		B)	False


2	Many businesspeople today try to "think globally, act locally"
		A)	True
		B)	False


3	When a country is the only source of an item, it has a comparative advantage.
		A)	True
		B)	False


4	Promotion and distribution are standardized for the whole world in a multinational strategy.
		A)	True
		B)	False


5	Exporting is available only to small corporations.
		A)	True
		B)	False


6	A global strategy involves standardizing products for the whole world as if it were a single entity.
		A)	True
		B)	False


7	GATT promotes trade among member nations by eliminating trade barriers and fostering financial cooperation.
		A)	True
		B)	False


8	Each successive set of GATT rounds reduced trade barriers.
		A)	True
		B)	False


9	Quotas raise the price of foreign goods to allow more expensive domestic goods to compete with foreign ones.
		A)	True
		B)	False


10	Countertrade agreements involve bartering products for other products instead of for currency.
		A)	True
		B)	False


11	Export agents manufacture goods for sale in other countries.
		A)	True
		B)	False


12	Less developed countries (LDCs) are characterized by low per capita income.
		A)	True
		B)	False


13	Being globally aware is an unimportant quality for today's mangers.
		A)	True
		B)	False


14	Companies doing business internationally have traditionally used a multinational strategy.
		A)	True
		B)	False


15	When a nation is importing more than it is exporting, it has a negative balance of trade.
		A)	True
		B)	False


16	The International Monetary Fund (IMF) promotes trade among member nations by eliminating trade barriers and fostering financial cooperation.
		A)	True
		B)	False


17	The World Bank and other multilateral development banks provide assistance only to industrialized nations.
		A)	True
		B)	False


18	Outsourcing is a form of direct investment.
		A)	True
		B)	False


19	Exporting is the sale of products to another nation.
		A)	True
		B)	False


20	An embargo prohibits trade in a particular product.
		A)	True
		B)	False

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