ISIS attacks and a sharp drop in global oil prices prompted Iraq to seek help from ___________. The organization provided Iraq with a 5.34 billion loan to help support economic stability.
A) NATO
B) the WTO
C) the United Nations
D) the World Bank
E) the IMF
Question 2 - During the commercialization phase of product development, all of the following occur except:
A) making product changes or improvements.
B) presenting ideas to potential customers for feedback.
C) launching product to general market.
D) planning for full-scale manufacturing.
E) planning for full-scale marketing.
Question 3 - As Greece, Spain, and Portugal have struggled with recession, high unemployment, and soaring government debt, concerns have risen that their economic problems could spiral out of control and spread to the global economy. What international organization could most likely assist in this situation?
A) The World Trade Organization
B) The World Bank
C) The International Stability Fund
D) The International Monetary Fund
E) The World Trade Bank
Question 4 - During the product development and testing phase, all of the following occur except:
A) creating detailed specification of product features to evaluate production cost and feasibility.
B) developing prototypes.
C) launching product on a smaller scale.
D) selling product in a test market.
E) making product changes or improvements.
Question 5 - Suppose Mexico increased tariffs on agriculture products from Chile by 20. As a result, Chile retaliated by increasing tariffs on manufactured goods from Mexico by 15. What international organization could most likely assist in this dispute?
A) World Trade Organization
B) The World Bank
C) International Mediation Council
D) International Monetary Fund
E) United Nations
Question 6 - Before a fast food restaurant introduces its new veggie burger in its restaurants nationwide, it decides to test-market it in a few markets to better gauge customer response. Which product development phase does this represent?
A) Product development and testing
B) Idea generation
C) Commercialization
D) Product analysis
E) Screening
Question 7 - A limit on the amount of a particular good that may be brought into a country during a given period of time is called a(n):
A) import duty.
B) import deficit.
C) trade embargo.
D) import tariff.
E) import quota.
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