CAPELLA UNIVERSITY BUS4016 UNIT 9 QUIZ 1 LATEST 2015 2015

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    Question
    Question 1
    4 out of 4 points
    An exchange rate is simply the rate at which one currency is converted to another.
    True
    False
    Question 2
    4 out of 4 points
    Spot exchange rates change daily as determined by the relative demand for and supply of different currencies.
    True
    False
    Question 3
    4 out of 4 points
    Which of the following pairs correctly matches the country with its currency?
    a. South Korea the pound.
    b. France the deutsche mark.
    c. Japan the yen.
    d. Great Britain the franc.
    Question 4
    4 out of 4 points
    The IMF helped several Asian countries deal with the dramatic decline in the value of their currencies during the Asian financial crisis that started in 1997.
    True
    False
    Question 5
    4 out of 4 points
    What is the term for a system of institutional arrangements that countries adopt to govern exchange rates?
    a. The international comparative advantage exchange system.
    b. The international supremacy exchange system.
    c. The international monetary system.
    d. The international exchange process.
    Question 6
    4 out of 4 points
    Some countries try to hold the value of their currency within some range against an important reference currency. This is referred to as what?
    a. A dirty-float system.
    b. A contaminated float system.
    c. A pegged-float system.
    d. A fixed-variable system.
    Question 7
    0 out of 4 points
    A firm’s __________ can be defined as the actions that managers take to attain the goals of the firm.
    a. Systems.
    b. Value chain.
    c. Operations.
    d. Strategy.
    Question 8
    4 out of 4 points
    _______ is the difference between total revenues and total costs.
    a. Strategy.
    b. Profit.
    c. Asset.
    d. Economies of scale.
    Question 9
    4 out of 4 points
    What are the two basic strategies for improving a firm’s profitability?
    a. Differentiation strategy and low-cost strategy.
    b. Premier strategy and generic strategy.
    c. High-cost strategy and low-cost strategy.
    d. Comparison strategy and low-cost strategy.
    Question 10
    4 out of 4 points
    Which function of a firm can help create value through brand positioning and advertising?
    a. Marketing and sales.
    b. Production.
    c. Research and development.
    d. Human resources.
    Question 11
    4 out of 4 points
    One advantage to exporting is that it avoids the costs of establishing manufacturing operations in the host country.
    True
    False
    Question 12
    4 out of 4 points
    One advantage of a joint venture is that a company benefits from a local partner’s knowledge of the host country’s competitive conditions culture language political systems and business systems.
    True
    False
    Question 13
    4 out of 4 points
    When making basic entry decisions the benefit-cost-risk trade-off is likely to be most favorable in what type of country?
    a. A large country.
    b. A country with a free-market system.
    c. A country that is politically unstable.
    d. A communist country.
    Question 14
    4 out of 4 points
    The ability to preempt rivals and capture demand by establishing a strong brand name is an example of what?
    a. First-mover advantages.
    b. Pioneering costs.
    c. Late-entry advantages.
    d. Second-mover costs.
    Question 15
    4 out of 4 points
    Lack of trust in international trade is exacerbated by the distance between two parties in space language and culture.
    True
    False
    Question 16
    4 out of 4 points

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