Which of the following statements is true about NAFTA?
A) It is a free trade agreement between Canada and the United States.
B) It was initiated by the United States.
C) It is built on the Canadian Free Trade Agreement (FTA).
D) It immediately eliminated tariffs among the United States, Mexico, and Canada.
E) It was enacted in 2002 and encourages free trade.
Question 2 - Academic Standard, Inc (ASI)
Academic Standard, Inc (ASI), sells its products through the Internet. Amanda is one of the biggest buyers of the company's products for her business. Nearly all of the interactions between Amanda's company and ASI have been electronic, saving both time and energy.
Although transaction costs are reasonable, ASI has encountered financial problems with high production costs. Jonathan, a veteran employee of ASI, suggested to senior management that certain aspects of production may need to be handled by other, more efficient companies. Jonathan also suggested that the company might want to create a physical store to possibly increase its visibility and potential profits. He explained many disadvantages of operating solely through the Internet.
Refer to Academic Standard, Inc All of the following forces except ___________ are primary environmental forces that ASI needs to be mindful of with regard to the company's use of technology.
A) globalization
B) customer service
C) societal
D) economic
E) legal and political
Question 3 - The process of attracting qualified job applicants is called
A) development.
B) orientation.
C) selection.
D) training.
E) recruiting.
Question 4 - Tanya Williams, the chief executive officer of Willister Computers, believes that the firm is currently best equipped to enter the Chinese market. The firm offers a small-scale producer in China to produce and market its goods based on the set of specific operating functions and requirements Willister offers to the firm. This is an example of _____.
A) foreign franchising
B) direct investment
C) a strategic alliance
D) a joint venture
Question 5 - Several European countries have banded together to reduce the trade barriers between them and encourage trading among themselves. This is known as
A) a GATT.
B) the European Union.
C) a cartel.
D) a multinational.
E) an orderly marketing agreement.
Quick Reply
