-
web.groovymark@gmail.com
- December 7, 2024
Question 41
What is the main benefit of using blockchain technology in international business?
a) Increasing the speed of transactions
b) Reducing the need for financial audits
c) Allowing users to store and control personal information
d) Enhancing local responsiveness in the market
Answer: c) Allowing users to store and control personal information
Explanation:
Blockchain technology provides a secure, decentralized way for individuals and businesses to store and control sensitive information, such as financial or personal data, in a tamper-proof system.
Question 42
What is the focus of the Sarbanes-Oxley Act of 2002?
a) To regulate the international trade of goods
b) To promote free trade in developing countries
c) To increase corporate transparency and reduce fraud
d) To encourage foreign direct investment
Answer: c) To increase corporate transparency and reduce fraud
Explanation:
The Sarbanes-Oxley Act was enacted to improve corporate accountability and transparency by imposing strict regulations on financial reporting and auditing practices, especially for publicly traded companies.
Question 43
Which legal system allows judges to interpret laws and apply precedents from previous rulings?
a) Civil law
b) Common law
c) Religious law
d) Customary law
Answer: b) Common law
Explanation:
Common law is based on judicial precedents, where judges interpret laws and apply decisions from previous cases to make rulings on similar issues.
Question 44
What is the main goal of regional economic integration agreements like NAFTA or the European Union?
a) To increase political cooperation between countries
b) To create a common monetary policy
c) To eliminate trade barriers and foster economic cooperation
d) To promote cultural exchange and understanding
Answer: c) To eliminate trade barriers and foster economic cooperation
Explanation:
Regional economic integration agreements like NAFTA and the EU aim to eliminate tariffs, quotas, and other barriers to trade between member countries to promote economic growth and cooperation.
Question 45
What is the purpose of the International Telecommunication Union (ITU)?
a) To promote the development of new communication technologies
b) To regulate global financial transactions
c) To monitor currency exchange rates
d) To enforce international trade agreements
Answer: a) To promote the development of new communication technologies
Explanation:
The International Telecommunication Union (ITU) is a specialized agency of the United Nations that works to promote the development of global communication technologies and ensure international cooperation in telecommunications.
Question 46
Which pricing strategy involves lowering prices for a limited time to increase sales volume?
a) Penetration pricing
b) Promotional pricing
c) Price skimming
d) Prestige pricing
Answer: b) Promotional pricing
Explanation:
Promotional pricing is a short-term strategy where prices are temporarily reduced to boost sales and create urgency for consumers to purchase during the promotional period.
Question 47
What is the primary function of a database management system (DBMS) in a global business?
a) To monitor currency fluctuations
b) To collect and organize data for analysis
c) To regulate supply chain operations
d) To track international sales
Answer: b) To collect and organize data for analysis
Explanation:
A Database Management System (DBMS) is a software solution that helps businesses store, manage, and analyze large volumes of data, allowing for efficient decision-making in global operations.
Question 48
Which type of market structure has many buyers and sellers, where no individual actor can influence the price?
a) Monopoly
b) Oligopoly
c) Perfect competition
d) Monopolistic competition
Answer: c) Perfect competition
Explanation:
In a perfectly competitive market, many buyers and sellers exist, and no individual actor has significant market power to influence the price of goods or services.
Question 49
What is a key advantage of indirect distribution channels?
a) Greater control over pricing and customer experience
b) Lower upfront costs and broader market reach
c) Faster time to market
d) Direct relationships with end customers
Answer: b) Digital divide
Explanation:
Answer: b) Lower upfront costs and broader market reach
Explanation:
Indirect distribution channels, such as wholesalers or retailers, allow businesses to reach a wider market with lower upfront costs, as these intermediaries handle much of the distribution process.
The digital divide refers to the gap between countries or groups in terms of access to and use of digital technologies, such as the internet, which can hinder economic and social development.
Question 50
Which level of economic integration allows free movement of capital, labor, and technology between member countries?
a) Free trade area
b) Customs union
c) Common market
d) Economic union
Answer: c) Common market
Explanation:
A common market goes beyond a customs union by allowing not only the free flow of goods and services but also the free movement of capital, labor, and technology between member countries.
