Question 1. Question
: (TCO 1) Trading Blocs are
Student Answer: organization of nations that remove barriers
to trade among their members.
international trading partners.
companies created to set up to trade between
countries.
All of the Above
None of the Above
Question 2. Question
: (TCO 3) A long-term
partnership between two or more companies established to help each company
build competitive market advantages is
Student Answer: licensing.
strategic alliance.
free trade.
exporting.
common market.
Question 3. Question
: (TCO 3) The value of one
nationΓ’ΒΒs currency relative to the currencies of other countries is known as
_____.
Student Answer: balance of trade
devaluation
dumping
embargo
exchange rate
(TCO 2) What is a document that protects a creatorΓ’ΒΒs rights
to materials such as books, articles, photos, paintings, and cartoons?
Student Answer: Administrative agencies
Uniform Commercial Code
Copyright
Negligence
Tort
Question 2. Question
: (TCO 2) Legal procedures
initiated by a debtor who are unable to meet their financial obligations is
called _____.
Student Answer: bankruptcy
damages
taxes
contract
judiciary
Question 3. Question
: (TCO 2) What is the dimension
of social responsibility that includes everything from hiring minority workers
to making safe products?
Student Answer: Social audit
Corporate philanthropy
Integrity-based ethics codes
Corporate policy
Corporate responsibility
(TCO 5) Marketing
intermediaries who bring buyers and sellers together and assist in negotiating
an exchange is called _____.
Student Answer: administered distribution system
agents and brokers
retailer
distribution channel
contractual distribution system
Question 2. Question
: (TCO 9) What producer uses
advertising, personal selling, sales promotion, and all other promotional tools
to convince wholesalers and retailers to stock and sell merchandise?
Student Answer: Pull Strategy
Push strategy
Marketing mix
Interactive promotion
Qualifying
Question 3. Question
: (TCO 8) Any physical good,
service, or idea that satisfies a want or need by someone is called a _____.
Student Answer: product
place
promotion
price
marketing
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- Australia uses British English spelling conventions
- Turnitin is widely used β all work is checked before delivery
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