MCQ Bank
Survey research, called the backbone of primary research, is the most widely used method for primary data collection and is best suited for gathering which of the following information?
- A) Descriptive
- B) Personal
- C) Attitude
- D) Exploratory
Identify a form of counter trade in which business parties and, one of them is from developing country?
- A) Buy-Back agreement
- B) Counter purchase
- C) Compensation deal
- D) Advance purchase
LG Phillips LDC” is joint venture established by LG group and Royal Phillips Electronic. Identify the year in which this joint venture was established?
- A) 2001
- B) 2000
- C) 2002
- D) 2003
Which term use as a synonym of bill of exchange?
- A) Sight draft
- B) Dollar draft
- C) Arrival draft
- D) Date draft
Each of the following are the terms of shipment in export and import management, except:
- A) Free on Board (FOB)
- B) Revocable letter of credit (RLOC)
- C) Ex-works (EXW)
- D) Free Alongside Ship (FAS)
Which of the following is an agreement wherein the licensor gives something of value to the licensee in exchange for certain performance and payments from the licensee?
- A) Specialized mode
- B) Franchising
- C) Exporting
- D) Licensing
Identify the pricing term that indicates that the charterer of a vessel is responsible for the cost of loading and unloaded goods from vessel.
- A) Free in and out
- B) Free out
- C) Free out and in
- D) Free in
Identify the alliance in which two or more firms develop a contractual-relationship to share some of their unique resources and capabilities to create a competitive advantage.
- A) Global Strategic alliance
- B) Equity strategic alliance
- C) It is not kind of Alliance
- D) Non-equity strategic alliance
Which of the following letter of credit issued by the importer’s bank and confirmed by a bank, usually in the exporter’s country?
- A) Revocable letter of credit
- B) Unconfirmed irrevocable letter of credit
- C) Irrevocable letter of credit
- D) Confirmed irrevocable letter of credit
What are three popular methods for obtaining primary data?
- A) Interviews and surveys; observation; experimentation
- B) Survey; interviews; experimentation
- C) Experimentation; personal interview; Delphi technique
- D) Interviews and surveys; observation; Harrison methodology
Which of the following is a letter of credit issued by the importer’s bank and the issuing bank still has an obligation to pay?
- A) Revocable letter of credit
- B) Confirmed irrevocable letter of credit
- C) Unconfirmed irrevocable letter of credit
- D) Irrevocable letter of credit
Franchising is falling in which of the following method?
- A) Production-oriented
- B) Workforce-oriented
- C) Management-oriented
- D) Market-oriented
Identify which of the following countries that need time & technology rather than massive foreign aid to build modern developed economics belong?
- A) Fourth world
- B) First world
- C) Third world
- D) Second world
Which of the following method provide little or no control over the way the product or service is marketed in other countries?
- A) Licensing
- B) Specialized mode
- C) Franchising
- D) Exporting
Which of the following is a computer program for data preparation?
- A) SPSS
- B) Microsoft Office
- C) Microsoft Word
- D) SAR
“LG Nortel Co. Ltd” is a joint venture established by LG group and Networks. Identify the year in which this joint venture was established?
- A) 2001
- B) 2000
- C) 2002
- D) 2003
One of the major disadvantages of secondary data is:
- A) Already exist
- B) Expensive
- C) May be outdated
- D) May not be accurate
Which of the following is a specialist companies set up to act as the ‘export department’ for a range of companies?
- A) Enterprise network
- B) Export management companies
- C) None of the given options
- D) International trading companies
Identify the term in which “royalties” is closely associated?
- A) Contract manufacturing
- B) Franchising
- C) Licensing
- D) Direct exporting
Identify the country that’s retail sale derived from franchising is one third?
- A) The USA
- B) Asia
- C) Romania
- D) Europe