Business Environment and International Business MCQs

Question 1

Which of the following are considered as the main elements of business ethics?

Accepted Answer

Values, rights and duties

Answer

Attitudes, pressure and environment

Answer

Value, environment and attitude

Answer

Responsibilities

Question 2

Which of the following is not correct?

Accepted Answer

None of the above

Answer

The absorption approach to BoP explains changes in national income and their impact on BoP

Answer

Monetary approach to BoP emphasises the role played by money supply in country's BoP

Answer

Traditional approach to BoP explains the volumes of exports and imports of a country is determined by relative prices

Question 3

A global company is sometimes called

Accepted Answer

a corporation

Answer

a joint stock company

Answer

a globally integrated company

Answer

None of the above

Question 4

If the sum of the elasticities of the exports and imports is less than one, any devaluation will further aggravate the deficit in the BOP. Who has given this view?

Accepted Answer

Marshall and Lerner

Answer

Harrod and Domar

Answer

Solow and Swan

Answer

Hickscher and Ohlin

Question 5

. . . . . . . . is the economic system whereby the state holds broad powers to serve the public interest, it decides what goods and services are produced and in what quantities and demand typically exceeds supply.

Accepted Answer

Centrally-planned socialism

Answer

Market socialism

Answer

Centrally-planned capitalism

Answer

Market capitalism

Question 6

Arrange the following steps of export procedure in chronological order. 1. Order acceptance 2. Order placement 3. Goods removal from works 4. Goods readiness and documentation goods

Accepted Answer

2, 1, 4, 3

Answer

4, 3, 2, 1

Answer

3, 1, 4, 2

Answer

3, 4, 1, 2

Question 7

The Association of Southeast Asian Nations (ASEAN) was formed in 1967 by Indonesia, Malaysia, the Philippines, Singapore, and Thailand to promote political and economic cooperation and regional stability. The ASEAN declaration is also called as

Accepted Answer

Bangkok declaration

Answer

Singapore declaration

Answer

Bali declaration

Answer

Jakarta declaration

Question 8

Which of the following is not a part of machinery that settles industrial disputes?

Accepted Answer

Wage Court

Answer

Works Committee

Answer

Conciliation Officers

Answer

Board of Conciliation

Question 9

A district forum should not consist of

Accepted Answer

a person who is or has been judge of a High Court

Answer

a person who is qualified to be a district judge who shall be its President

Answer

a lady social worker

Answer

None of the above