The document discusses an MKT 421 final exam containing 15 multiple choice questions. The exam covers various topics in marketing such as the marketing concept, international marketing, marketing mix, and global business environments. It provides answers to assess understanding of fundamental marketing principles and strategies relevant for international business operations.

1. Marks: 81
MKT 421 FINAL EXAM
Question No: 1 (Marks: 1) - Please choose one
When using the Internet as a distribution channel, the e-vendor must be concerned with a
variety of issues. Which of the following would not among those issues?
Adaptation
Local contact
Promotion
All of the given options

2. Question No: 2 ( Marks: 1 ) - Please choose one
The unconscious use of the values, experiences, and knowledge of one's own culture
as a guide to decision making in a different culture is best described by which of the
following?
Self-reference criterion
Cultural insensitivity
Cultural elitism
Ethnography
Question No: 3 ( Marks: 1 ) - Please choose one
The Mobilink Limited Company strives to develop standardized marketing mixes for its
products that will be generally applicable across national borders. The firm's philosophy
would be best described as:
Multi-domestic market orientation
Ethnocentric marketing orientation
Domestic market extension
Global marketing orientation
Question No: 4 ( Marks: 1 ) - Please choose one
If a company is transferring its goods and services to its customer, this transaction is
based on:
Barter system
Exchange
Transformation
Relationship

3. Question No: 5 ( Marks: 1 ) - Please choose one
Which of the following concepts takes an "inside-out" view of the firm?
Selling concept
Market offering
Marketing concept
Societal marketing concept
Question No: 6 ( Marks: 1 ) - Please choose one
Which statement is a best description of pure marketing concept?
Product or services developed first and look for need later.
Look for need first and developed product or services later.
Set target market first then proceed further
Start your marketing procedure from customer feed back
Question No: 7 ( Marks: 1 ) - Please choose one
A contract in which an individual receives financial reimbursement against losses from
the contractual company. Which one of the following is a best term for such contract?
Insurance
Risk management
Financial loss recovery
Banking contract

4. Question No: 8 ( Marks: 1 ) - Please choose one
According to the view of Michael Porter, firm fist develop product for domestic market
later on lunch in international market. This view is consistent with which of the following
factors?
Factor conditions
Demand conditions
Related & supporting industries
Firm strategy, structure & rivalry
Question No: 9 ( Marks: 1 ) - Please choose one
Historical data of a firm is sufficient to find which of the following information?
Trend in sales and profits
Trend in sales only
Trend in profits only
Either trend in sales or profits
Question No: 10 ( Marks: 1 ) - Please choose one
Which one of the following products are NOT subject to price controls?
Pharmaceuticals
Foods
Gasoline
All subject to price controls
Question No: 11 ( Marks: 1 ) - Please choose one
Indicate the concept given below that explains the human-made part of the human
environment .
Anthropology
Sociology
Personal relations
Culture

5. Question No: 12 ( Marks: 1 ) - Please choose one
The focus of physical environment is on which of the following variables?
Shipping distance
National economics priority
Balance of payment
Focus on difference and similarity
Question No: 13 ( Marks: 1 ) - Please choose one
Survey research, called the backbone of primary research, is the most widely used
method for primary data collection and is best suited for gathering which of the following
information?
Personal
Attitude
Descriptive
Exploratory
Question No: 14 ( Marks: 1 ) - Please choose one
Which of the following is considered a smart way to recover cost of research and
development?
Foreign direct investment
Licensing
Sharing ideas
Franchising
Question No: 15 ( Marks: 1 ) - Please choose one
Not a single firm is really the master in all the technologies in the world. Which of the
following tools a firm should adopt to overcome this weakness?
Cross licensing
Negotiation tool
Franchising
Idea sharing

6. Question No: 1 ( Marks: 1 ) - Please choose one
Franchising in a business field is working on which of the following rule?
 Management-oriented
 Production-oriented
 Workforce-oriented
 Market-oriented
Question No: 2 ( Marks: 1 ) - Please choose one
An organization that wants to emphasize high quality will offer customers more than ___
enforced by the courts.
 Performance levels
 Quality levels
 Implied warranties
 Quantity level

7. Question No: 7 ( Marks: 1 ) - Please choose one
Mention the correct order in finding potential customer according to your marketing
expertise.
 Segmentation, dement measurement, targeting, positioning
 Dement measurement, segmentation, targeting, positioning
 Segmentation, targeting, positioning, dement measurement
 Dement measurement, targeting, segmentation, positioning
This step also involves identifying the potential buyers, demand measurement & forecasting,
market Segmentation, market targeting & market positioning.
Question No: 8 ( Marks: 1 ) - Please choose one
A marketer require information for multipurpose, which one is NOT fall in such kind of
information?
 Competitor information
 Market potential
 Prescriptive information
 Imitation variable
Question No: 9 ( Marks: 1 ) - Please choose one
Identify the system of account that record a nation s international financial transaction.
 Balance of trade
 Balance of payment
 Balance of import
 Balance of export

8. Question No: 10 ( Marks: 1 ) - Please choose one
An international marketer needs information about its competitor. Identify the nature of
information required in this regard?
 On continuous basis
 On sudden basis
 Once required
 Once updated information
The Competition:
A firm needs information about its competition in international markets on a continuous basis to
make appropriate decisions.
Question No: 11 ( Marks: 1 ) - Please choose one
Kind of information like channels of distribution: their shape, functions, evolution &
performance belongs to which broad category?
 Marketing mix information
 Product related information
 Competitor information
 Advertising information
Question No: 12 ( Marks: 1 ) - Please choose one
All of the following are the forms of export subsidies EXCEPT:
 Tax breaks
 Products price support
 Cheaper resources
 Regulate foreign businesses
• Tax breaks
• Direct payments to producers
• Product price support
• Cheaper resources (i.e. land, utilities)
• Public services provided at lower cost

9. Question No: 13 ( Marks: 1 ) - Please choose one
Hofstede s _____ dimension is the
degree to which people in a country prefer, structured over unstructured situations.
 Power distance
 Individualism
 Uncertainty avoidance
 Achievement
High uncertainty avoidance - structured organizational activities, more written rules, less risk taking by
managers, lower labor turnover, less ambitious employees (Germany, Japan & Spain)
Question No: 14 ( Marks: 1 ) - Please choose one
Survey research, called the backbone of primary research, is the most widely used
method for primary data collection and is best suited for gathering which of the following
information?
 Personal
 Attitude
 Descriptive
 Exploratory
Exploratory research - is to gather preliminary information that will help define the problem and
suggest hypothesis
Question No: 15 ( Marks: 1 ) - Please choose one
Identify the best way of sharing technology with other party through licensing?
 Updating technology
 Making independent
 Sharing once
 Sharing twice

10. uestion No: 38 ( Marks: 1 ) - Please choose one
Identify the concept in which marketers try to create distinct image or identity in the
minds of their target customers/consumers?
 Market targeting
 Market positioning
 Market segmentation
 Market repositioning
Question No: 39 ( Marks: 1 ) - Please choose one
When customers/consumers may have too narrow image of any brand, is distinguish in
which of the following way?
 Under positioning
 Over positioning
 Confused positioning
 Doubtful positioning
– Under-positioning
• Buyers have only a vague idea of the brand
Question No: 40 ( Marks: 1 ) - Please choose one
Shopping goods are part of which type of category?
 Consumer product
 Industrial product
 Individual product
 Augmented product
International product classification:
• Consumer products
– Convenience
– Shopping
– Specialty
– Unsought

11. Question # 1 of 20 ( Start time: 04:13:08 PM ) Total Marks: 1
Which of the following is the part of the marketing process?
Select correct option:
 Marketing strategy
Favorable trade polices
Market globalization drivers
Common marketing regulations
Question # 2 of 20 ( Start time: 04:13:55 PM ) Total Marks: 1
Which one of the following is an acronym of SWOT?
Select correct option:
 Strategy, working, opinion, tactical
Strengths, weaknesses, opportunities, threats
Strategy, work, openness, toughness
Strategy, weakness, opinions, tactics
Question # 3 of 20 ( Start time: 04:14:20 PM ) Total Marks: 1
A cross-licensing agreement is a contract between two or more parties where each party
grants rights to their intellectual property to the other parties UNLIKE:
Select correct option:
 Copyrights
Trademarks
Patents
Legal acts

12. Question # 4 of 20 ( Start time: 04:15:46 PM ) Total Marks: 1
Following are the forms of foreign direct investment EXECPT:
Select correct option:
 Management expertise
Latest technologies
Capital
Labor
Question # 5 of 20 ( Start time: 04:17:08 PM ) Total Marks: 1
Which of the following theory holds that a nation should produce & export those goods
& services for which it is relatively more productive than other nations?
Select correct option:
 Theory of absolute advantage
Theory of comparative advantage
International product life-cycle theory
None of the given options
Question # 6 of 20 ( Start time: 04:18:30 PM ) Total Marks: 1
A variety of information is needed for successfully operating in international market.
Which of the following information is required under the category of competitive
information?
Select correct option:
 Corporate
Market share
Functional strategies
Ruling concerning taxes
Question # 7 of 20 ( Start time: 04:19:49 PM ) Total Marks: 1
Which of the following is NOT the part of the marketing process?
Select correct option:
 Situation analysis
Marketing strategy
Marketing mix decisions
Marketing globalization drivers

13. Question # 8 of 20 ( Start time: 04:20:38 PM ) Total Marks: 1
A society's accepted basis for responding to external and internal events summarize in
which of the following way?
Select correct option:
 Social agenda
Culture
Reference groups
Cultivation possibility
Question # 9 of 20 ( Start time: 04:22:01 PM ) Total Marks: 1
Identify the concept in which customer will prefer those products which can satisfy the
customer needs, wants and demands.
Select correct option:
 Societal Concept
Production Concept
Selling concept
Marketing Concept
Question # 10 of 20 ( Start time: 04:23:13 PM ) Total Marks: 1
A variety of information is needed for successfully operating in international market.
Which of the following information is required under the category of marketing mix?
Select correct option:
 Interest rate
Change product
Balance of payments
Ruling concerning taxes
Question # 11 of 20 ( Start time: 04:23:49 PM ) Total Marks: 1
A variety of information is needed for successfully operating in international market.
Which of the following information is required under the category of general conditions?
Select correct option:
 Exchange rate
Consumer behavior
Balance of payment
Technological environments

14. Question # 12 of 20 ( Start time: 04:24:28 PM ) Total Marks: 1
A resulting form of business in which combined firm of business shares the management
to control integrated business is known as:
Select correct option:
 Legal contract
Joint venture
Acquisition
Merger
Question # 13 of 20 ( Start time: 04:25:51 PM ) Total Marks: 1
A nonbonding agreement between parties to resolve disputes by asking a third party to
mediate differences is called:
Select correct option:
 Arbitration
Litigation
Conciliation
Compromise
Question # 14 of 20 ( Start time: 04:27:17 PM ) Total Marks: 1
In order to be globally aware, which of the following factor/s is/are NOT acquired or
developed by marketer:
Select correct option:
 Objectivity
Tolerance of cultural differences
Knowledge of cultures and history
Local awareness
Question # 15 of 20 ( Start time: 04:28:40 PM ) Total Marks: 1
Which term use as a synonym of bill of exchange?
Select correct option:
 Sight draft
Arrival draft
Dollar draft
Date draft

15. Question # 16 of 20 ( Start time: 04:30:01 PM ) Total Marks: 1
Which one of the following products are NOT subject to price controls?
Select correct option:
 Pharmaceuticals
Foods
Gasolines
All subject to price controls
Question # 17 of 20 ( Start time: 04:31:07 PM ) Total Marks: 1
The Theory of National Competitive Advantage was presented by which one of the
following scholars?
Select correct option:
 Recardo
Adam Smith
Paul Krugman
Michael Porter
Question # 18 of 20 ( Start time: 04:32:14 PM ) Total Marks: 1
Which of the following trade theory explains that nations can increase their economic
well-being by specializing production of goods which they can produce efficiently?
Select correct option:
 Theory of absolute advantage
Theory of comparative advantage
International product life-cycle theory
None of the given options
Question # 19 of 20 ( Start time: 04:33:20 PM ) Total Marks: 1
Which of the following best describe the international product life-cycle theory?
Select correct option:
 Extension of comparative advantage theory
Explore the firm’s role in promoting exports and imports
Explain the movement from absolute advantage to comparative advantage
None of the given options
Question # 20 of 20 ( Start time: 04:34:28 PM ) Total Marks: 1
Which of the following is a marketing philosophy which summarized by the phrase "a
good product will sell itself"?
Select correct option:
 The Selling concept
The Marketing concept
The Production concept
*The Production concept The Societal Marketing concept

16. Question # 1 of 20 ( Start time: 04:40:52 PM ) Total Marks: 1
A variety of information is needed for successfully operating in international market.
Which of the following information is NOT required under the category of foreign
exchange info?
Select correct option:
 Laws and regulations
Availability of finance
Dividends in host country
All of the given options
A variety of information is needed for successfully operating in international market.
Which of the following information is required under the category of market potential?
Select correct option:
 Functional strategies
Laws and regulations
Technological environment
None of the given options

17. Question # 3 of 20 ( Start time: 04:42:29 PM ) Total Marks: 1
A variety of information is needed for successfully operating in international market.
Which of the following information is required under the category of foreign exchange
info?
Select correct option:
 Dividends
Availability of human
Ruling concerning taxes
None of the given option
Question # 4 of 20 ( Start time: 04:43:27 PM ) Total Marks: 1
If an Indian businessman invest in a China as foreign direct investment due to good
infrastructure, related industry, labor availability. Owing to which factor he is investing?
Select correct option:
 Production costs
Logistics
Availability of natural resources
Access to key technologies
Question # 5 of 20 ( Start time: 04:44:54 PM ) Total Marks: 1
Identify the country that’s retail sale derived from franchising is one third?
Select correct option:
 Romania
The USA
Europe
Asia
Question # 6 of 20 ( Start time: 04:46:20 PM ) Total Marks: 1
According to your best knowledge choose the most important and basic variable that
involves in strategic alliances.
Select correct option:
 Written agreement
Partner
Profit
Loss

18. Question # 7 of 20 ( Start time: 04:47:46 PM ) Total Marks: 1
A contract in which an individual receives financial reimbursement against losses from
the contractual company. Which one of the following is a best term for such contract?
Select correct option:
 Insurance
Risk management
Financial loss recovery
Banking contract
Question # 8 of 20 ( Start time: 04:48:17 PM ) Total Marks: 1
Identify a resulting form of business in which a firm A is controlling all business
activities and ending up the control of firm B to expand business?
Select correct option:
 Legal contract
Joint venture
Acquisition
Merger
Question # 9 of 20 ( Start time: 04:49:45 PM ) Total Marks: 1
Which one of the following is the major and the most appropriate reason of strategic
alliance?
Select correct option:
 To expand business efficiently
To increase partners
To just engage in global business
To expand sub offices
Question # 10 of 20 ( Start time: 04:51:16 PM ) Total Marks: 1
Which of the following is NOT one of the alternative concepts under which organizations
design and carry out their marketing strategies?
Select correct option:
 Distribution concept
Marketing concept
Product concept
Production concept

19. Question # 11 of 20 ( Start time: 04:51:49 PM ) Total Marks: 1
The objectives of international marketing research are defined in which step?
Select correct option:
 First step
Second step
Third step
Fourth step
Question # 12 of 20 ( Start time: 04:53:16 PM ) Total Marks: 1
Which of the following orientations holds that consumers will favor products that are
available and highly affordable?
Select correct option:
 Product concept
Marketing concept
Production concept
Selling concept
Question # 13 of 20 ( Start time: 04:54:43 PM ) Total Marks: 1
The historical data of a firm helps the marketer decision in which direction?
Select correct option:
 Clue for its future
Clue for its past
Clue for its present
Clue for its near past
Question # 14 of 20 ( Start time: 04:56:01 PM ) Total Marks: 1
The nature of multi-segments (more than one segment if he/she select) that a marketer
selects as a target market is:
Select correct option:
 Homogeneous
Heterogeneous
Both homogeneous and heterogeneous
Either homogeneous or heterogeneous
Question # 15 of 20 ( Start time: 04:57:11 PM ) Total Marks: 1
A variety of information is needed for successfully operating in international market.
Which of the following information is required under the category of competitive
information?
Select correct option:
 Corporate
Market share
Functional strategies(doubted)
Ruling concerning taxes

21. uestion # 20 of 20 ( Start time: 05:02:31 PM ) Total Marks: 1
Which one is the single factor that best indicates a person's social class?
Select correct option:
 Occupation
Fashion
Money
Time

22. Mkt 630 International Marketing Quiz
6/6/2011
Question # 1 of 20 ( Start time: 04:08:19 PM ) Total Marks: 1
Indicate the concept given below that explains “the human-made part of the human
environment”.
Select correct option:
 Sociology
 Personal relations
 Culture
 Anthropology
Question # 2 of 20 ( Start time: 04:09:41 PM ) Total Marks: 1
A variety of information is needed for successfully operating in international market.
Which of the following information is required under the category of foreign exchange
info?
Select correct option:
 Dividends
 Availability of human
 Ruling concerning taxes
 None of the given options

23. Question # 3 of 20 ( Start time: 04:11:10 PM ) Total Marks: 1
Identify the analysis that an international marketer uses to determine potential export
in international market.
Select correct option:
 Two stage analysis
 Three stage analysis
 Four stage analysis
 Five stage analysis
Question # 4 of 20 ( Start time: 04:12:18 PM ) Total Marks: 1
Which of the following trade theory explains that nations can increase their economic
well-being by specializing production of goods which they can produce efficiently?
Select correct option:
 Theory of absolute advantage
 Theory of comparative advantage
 International product life-cycle theory
 None of the given options
Question # 5 of 20 ( Start time: 04:13:45 PM ) Total Marks: 1
A society's accepted basis for responding to external and internal events summarize in
which of the following way?
Select correct option:
 Social agenda
 Culture
 Reference groups
 Cultivation possibility
Question # 6 of 20 ( Start time: 04:15:05 PM ) Total Marks: 1
Which of the following theory holds that a nation should produce & export those goods
& services for which it is relatively more productive than other nations?
Select correct option:
 Theory of absolute advantage
 Theory of comparative advantage
 International product life-cycle theory
 None of the given options

24. Question # 7 of 20 ( Start time: 04:15:52 PM ) Total Marks: 1
What is the second step in the report preparation and presentation process?
Select correct option:
 Data analysis
 Report preparation
 Interpretation and conclusions
 Oral presentation
Question # 8 of 20 ( Start time: 04:17:22 PM ) Total Marks: 1
Which of the following is NOT a deciding factor of international market evaluation?
Select correct option:
 Political risks
 Local competition
 Non-trade barriers
 All of the given options
Question # 9 of 20 ( Start time: 04:18:44 PM ) Total Marks: 1
Identify which of the following group of countries centrally planned communist run
nations belong?
Select correct option:
 First world
 Second world
 Third world
 Fourth world
Question # 10 of 20 ( Start time: 04:19:35 PM ) Total Marks: 1
Heavy investment is required to do business in a current market, owing to which of the
following factor?
Select correct option:
 Shorting product life cycle
 Increasing licensing agreement
 Increasing risks in licensing
 Cross licensing

25. Question # 11 of 20 ( Start time: 04:21:04 PM ) Total Marks: 1
Which of the following represent major internationalization motives for a firm?
Select correct option:
 Overproduction
 Non-tax benefits
 Information source
 None of the given options
Question # 12 of 20 ( Start time: 04:22:22 PM ) Total Marks: 1
Which of the following holds that the organization’s task is to determine the needs,
wants, and interests of target markets and to deliver the desired satisfactions more
effectively and efficiently than competitors?
Select correct option:
 The Product concept
 The Marketing concept
 The Production concept
 The Societal Marketing concept
Question # 13 of 20 ( Start time: 04:23:41 PM ) Total Marks: 1
Mercantilism philosophy explains about import and export balance. Which one of the
following is the consistent with this philosophy?
Select correct option:
 Export more goods
 Import more goods
 Imports equal to exports
 Imports greater than export
Question # 14 of 20 ( Start time: 04:24:47 PM ) Total Marks: 1
The Theory of National Competitive Advantage was forwarded in which of the following
year?
Select correct option:
 1960
 1970
 1980
 1990

26. Question # 15 of 20 ( Start time: 04:25:38 PM ) Total Marks: 1
Most cluster methods are heuristics, which are based on which of the following?
Select correct option:
 Algorithms
 Statistical reasoning
 Statistical procedures
 Theories
Question # 16 of 20 ( Start time: 04:27:08 PM ) Total Marks: 1
Choose the nature of product life cycle of luxury product where cost is less important.
Select correct option:
 Short product life cycle
 Long product life cycle
 Medium product life cycle
 Undefined product life cycle
Question # 17 of 20 ( Start time: 04:28:27 PM ) Total Marks: 1
Which of the following is the part of the marketing process?
Select correct option:
 Marketing strategy
 Favorable trade polices
 Market globalization drivers
 Common marketing regulations
Question # 18 of 20 ( Start time: 04:29:10 PM ) Total Marks: 1
Which of the human wants are backed by buying power?
Select correct option:
 Needs
 Wants
 Demands
 Exchange

27. Question # 19 of 20 ( Start time: 04:29:48 PM ) Total Marks: 1
A variety of information is needed for successfully operating in international market.
Which of the following information is required under the category of market potential?
Select correct option:
 Demand estimate
 Consumer behavior
 Review of products
 All of the given options
Question # 20 of 20 ( Start time: 04:30:37 PM ) Total Marks: 1
A contract in which an individual receives financial reimbursement against losses from
the contractual company. Which one of the following is a best term for such contract?
Select correct option:
 Insurance
 Risk management
 Financial loss recovery
 Banking contract

28. Question # 1 of 20 ( Start time: 10:53:38 PM ) Total Marks: 1
All of the arguments are against the Mercantilism philosophy EXCEPT:
Select correct option:
 Bullion reserves are in favor of nation
 Wealthy citizen pay tax more
 Many exporter loss subsidies
 Accumulation of gold is not real wealth
Question # 2 of 20 ( Start time: 10:54:58 PM ) Total Marks: 1
Which of the following mode of international business dispute resolution is nonbonding
agreement between parties to resolve disputes by asking a third party to reconcile
differences?
Select correct option:
 Litigation
 Mediation
 Compromise
 Arbitration(doubted)
Question # 3 of 20 ( Start time: 10:56:29 PM ) Total Marks: 1
Which one of the following is an acronym of SWOT?
Select correct option:
 Strategy, working, opinion, tactical
 Strengths, weaknesses, opportunities, threats
 Strategy, work, openness, toughness
 Strategy, weakness, opinions, tactics

29. Question # 4 of 20 ( Start time: 10:56:54 PM ) Total Marks: 1
Identify the exchange rate system in which exchange rates are allowed to move only
within limits.
Select correct option:
 Fixed Exchange Rate System
 Flexible Exchange Rate System
 Managed Exchange Rate System
 Moderate Exchange Rate System
Question # 5 of 20 ( Start time: 10:57:50 PM ) Total Marks: 1
Which of the following best describes the reactive marketing?
Select correct option:
 Simply selling
 After sales calls to get feedback
 Encourage customers to contact for queries
 Contact customers to seek input for future improvement in products
Question # 6 of 20 ( Start time: 10:58:40 PM ) Total Marks: 1
Which of the following treaties covered the way for effective a worldwide tariff
agreement?
Select correct option:
 WTO
 GATT
 NAFTA
 NATO
Question # 7 of 20 ( Start time: 10:59:03 PM ) Total Marks: 1
A variety of information is needed for successfully operating in international market.
Which of the following information is required under the category of marketing mix?
Select correct option:
 Interest rate
 Balance of payments
 Ruling concerning taxes
 Demand and profitability analysis

30. Question # 8 of 20 ( Start time: 10:59:55 PM ) Total Marks: 1
A variety of information is needed for successfully operating in international market.
Which of the following information is required under the category of competitive
information?
Select correct option:
 Corporate
 Market share
 Functional strategies
 All of the given options
Question # 9 of 20 ( Start time: 11:00:41 PM ) Total Marks: 1
A variety of information is needed for successfully operating in international market.
Which of the following information is required under the category of marketing mix?
Select correct option:
 Laws
 Add products
 Functional strategies
 Expectations analysis
Question # 10 of 20 ( Start time: 11:01:14 PM ) Total Marks: 1
Identify which of the following group of countries centrally planned communist run
nations belong?
Select correct option:
 First world
 Second world
 Third world
 Fourth world

31. Question # 11 of 20 ( Start time: 11:01:38 PM ) Total Marks: 1
According to the theory of absolute advantage, a country can have certain advantages
over other countries, which of the following is the acquired advantage?
Select correct option:
 Climate conditions
 Natural resources
 Cheap labor-force
 None of the given options
Question # 12 of 20 ( Start time: 11:03:01 PM ) Total Marks: 1
Which of the following is a disadvantage of pre-designed measurement questions?
Select correct option:
 Customized
 Enhanced validity
 Reduced project costs
 Availability
Question # 13 of 20 ( Start time: 11:04:19 PM ) Total Marks: 1
Which of the human wants are backed by buying power?
Select correct option:
 Needs
 Wants
 Demands
 Exchange
Question # 14 of 20 ( Start time: 11:04:47 PM ) Total Marks: 1
Which form of international commercial payment that involves one or more banks?
Select correct option:
 Bill of exchange
 Letter of credit
 Sight draft
 Date draft

32. Question # 15 of 20 ( Start time: 11:05:59 PM ) Total Marks: 1
Which of the following aspect allows trade of products & services between countries
regarding country similarity theory?
Select correct option:
 Same culture
 Similar infrastructure
 Same per-capita income
 All of the given options
Question # 16 of 20 ( Start time: 11:06:35 PM ) Total Marks: 1
What is the second step in the report preparation and presentation process?
Select correct option:
 Data analysis
 Report preparation
 Interpretation and conclusions
 Oral presentation(doubted)
Question # 17 of 20 ( Start time: 11:07:34 PM ) Total Marks: 1
The groups of countries that need time & technology rather than massive foreign aid to
build modern developed economics belong to which one of the following world?
Select correct option:
 First world
 Second world
 Third world
 Fourth world
Question # 18 of 20 ( Start time: 11:08:10 PM ) Total Marks: 1
If a nation uses tariffs, quotas, and non-tariff barriers to restrict trade so that domestic
industries can flourish, it may be differentiate as:
Select correct option:
 Embargoes
 Boycotts
 Protectionism
 Predatory pricing

33. Question # 19 of 20 ( Start time: 11:09:25 PM ) Total Marks: 1
The focus of physical environment is on which of the following variables?
Select correct option:
 Shipping distance (doubted)
 National economics priority
 Balance of payment
 Focus on differences and similarity
Question # 20 of 20 ( Start time: 11:10:17 PM ) Total Marks: 1
The need to compete for international market was made inevitable by the economic
system employed by most nations is based upon:
Select correct option:
 Socialism
 Mass production
 Communism
 Barter

34. Question # 19 of 20 ( Start time: 11:09:25 PM ) Total Marks: 1
The focus of physical environment is on which of the following variables?
Select correct option:
 Shipping distance (doubted)
 National economics priority
 Balance of payment
 Focus on differences and similarity
Question # 20 of 20 ( Start time: 11:10:17 PM ) Total Marks: 1
The need to compete for international market was made inevitable by the economic
system employed by most nations is based upon:
Select correct option:
 Socialism
 Mass production
 Communism
 Barter

35. Question # 19 of 20 ( Start time: 11:09:25 PM ) Total Marks: 1
The focus of physical environment is on which of the following variables?
Select correct option:
 Shipping distance (doubted)
 National economics priority
 Balance of payment
 Focus on differences and similarity
Question # 20 of 20 ( Start time: 11:10:17 PM ) Total Marks: 1
The need to compete for international market was made inevitable by the economic
system employed by most nations is based upon:
Select correct option:
 Socialism
 Mass production
 Communism
 Barter

36. Question # 19 of 20 ( Start time: 11:09:25 PM ) Total Marks: 1
The focus of physical environment is on which of the following variables?
Select correct option:
 Shipping distance (doubted)
 National economics priority
 Balance of payment
 Focus on differences and similarity
Question # 20 of 20 ( Start time: 11:10:17 PM ) Total Marks: 1
The need to compete for international market was made inevitable by the economic
system employed by most nations is based upon:
Select correct option:
 Socialism
 Mass production
 Communism
 Barter