If Germany exports 100,000 of sauerkraut to Jamaica and purchases 100,000 of Blue Mountain coffee beans from Jamaica, Germany has
A) an overall favorable balance of trade.
B) an overall unfavorable balance of trade.
C) a favorable balance of trade with Jamaica.
D) neither a favorable nor an unfavorable balance of trade with Jamaica.
E) an unfavorable balance of trade with Jamaica.
Question 2 - Blackwelder Co calls a meeting to announce to the media that it is hiring a new CEO and changing the company name to Natural Basics. The company will distribute additional materials at this meeting, which is called a _____.
A) news release
B) press conference
C) publicity affair
D) promotional campaign
E) media exclusive
Question 3 - The cost of running out of inventory is referred to as a holding cost.
Indicate whether the statement is true or false
Question 4 - How do nonprofit organizations play a critical role in an economy?
Question 5 - Nordstrom sells designer suits made in Italy in its stores in the United States. Nordstrom is ____ suits.
A) exporting
B) importing
C) trading
D) dumping
E) taxing
Question 6 - A 3,000-word piece written about a product by the company that owns or is responsible for the product is a _____.
A) feature article
B) captioned photograph
C) promotional campaign
D) news release
E) public relations scheme
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