Financial Environments Worksheet

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Assessment : | W1V1 Knowledge Check | Student : | Debra JamesSept 4, 2013 | After taking my three chances here are my results. ------------------------------------------------- Top of Form | Questions | | Correct Responses | Student Responses | 1 | INB300-Ch1-145 | a) T/F | The term globalization of production refers to convergence in buyer preferences in markets around the world. | FALSE | | FALSE | | | 2 | INB300-Ch1-144 | a) T/F | Products marketed in all countries essentially without any changes are known as sourced products. | FALSE | | FALSE | | | 3 | INB300-Ch1-045 | a) MC1 | Whereas relocating production to low-cost locales traditionally meant production of ________ almost exclusively, it increasingly applies to the production of ________. | goods; services | | goods; services | | | | | 4 | INB300-Ch1-034 | a) MC1 | Olive oil made in Italy and sold in the United States is an example of which of the following? | U.S. import | | U.S. import | | | | | 5 | INB300-Ch1-046 | a) MC1 | Which of the following is an example of a service that a company might produce in a foreign country to benefit from low-cost labor? | Research | | Research | | | | | 6 | INB300-Ch1-044 | a) MC1 | Which of the following is an example of the globalization of production? | A U.S. company builds a manufacturing facility in India | | A U.S. company builds a manufacturing facility in India | | | | | 7 | INB300-Ch1-037 | a) MC1 | Which of the following is defined as the use of computer networks to purchase, sell, or exchange products; service customers; and collaborate with partners? | E-commerce | | E-commerce | | | | | 8 | INB300-Ch1-032 | a) MC1 | Any commercial transaction that crosses the borders of two or more nations is known

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