MCQ Bank
Which of the following agreement give the licensee the right to use a patent covering a product or process?
- A) Licensing
- B) Exporting
- C) Specialized mode
- D) Franchising
A trade between two countries by which goods are exchanged for other goods rather than for hard cash is:
- A) B2B trade
- B) Switch trade
- C) Counter trade
- D) Business trade
Joint venture – local operations is suggested mode of entry for which market.
- A) Established market
- B) Maturing market
- C) Emerging market
- D) Platform market
Which of the following international entry mode has the least cost and risk of any entry mode?
- A) Franchising
- B) Exporting
- C) Specialized mode
- D) Licensing
Which of the following term means that the price quoted by the seller applies at a specified point of origin and the buyer is responsible for all other costs?
- A) Ex-works
- B) Cost and freight
- C) Free alongside ship
- D) Free on board
Data originally collected through the process of investigation is called:
- A) Secondary data
- B) Primary data
- C) Grouped Data
- D) Ordinal data
Which of the following describes that the seller’s liability ends when the goods are loaded on board a carrier at the export dock?
- A) Free on board
- B) Free alongside ship
- C) Ex-works
- D) Cost and freight
Which of the following gives the buyer maximum flexibility as it can be cancelled without notice to the seller up the moment of payment by the bank?
- A) Revocable letter of credit
- B) Irrevocable letter of credit
- C) Confirmed irrevocable letter of credit
- D) Unconfirmed irrevocable letter of credit
Experimental research is best suited for gathering which of the following information?
- A) Interactive
- B) Complicated
- C) Unknown
- D) Causal
Identify which of the following types of countries with few presently known resources and people living in massive poverty belong?
- A) First world
- B) Third world
- C) Fifth world
- D) Second world
Information on retail and wholesale trade is especially difficult to obtain in many developing countries because:
- A) Expensive
- B) May not be accurate
- C) Secondary data are very scarce
- D) None of the given options
Primary data is the specific information on market’s research questions. Which of the following is a problem with international primary research?
- A) Comparability of data
- B) Variation in contact methods
- C) Less information is available
- D) Reliability of data
Which of the following is considered a smart way to recover cost of research and development?
- A) Franchising
- B) Sharing ideas
- C) Foreign direct investment
- D) Licensing
What is the second step in the report preparation and presentation process?
- A) Interpretation and conclusions
- B) Data analysis
- C) Report preparation
- D) Oral presentation
Which of the following describes exporter quotes a price including insurance and all transportation and miscellaneous charges to the port of disembarkation from the ship?
- A) Cost, insurance and freight
- B) Ex-works
- C) Free alongside ship
- D) Free on board
After a problem-solving process in purchase decisions, what is the next step in the process after they become aware of the problem?
- A) Recalling and gathering information about possible solutions
- B) Making the commitment to purchase a particular product or service
- C) Deciding on the appropriate solution
- D) Evaluating alternative solutions
Most cluster methods are heuristics, which are based on which of the following?
- A) Statistical procedures
- B) Theories
- C) Algorithms
- D) Statistical reasoning
“Sony Ericsson” is a joint venture established by the Japanese consumer electronic company Corporation and Swedish telecommunication company Ericssion to make mobile phone in which year?
- A) 2003
- B) 2000
- C) 2001
- D) 2002
If a country that is importing demands that the exporting country accept the importing country's products in "like exchange" as payment for any goods shipped. Select which one of the following international pricing strategy being used by the importing country?
- A) Counter trade
- B) Dumping
- C) Compensation deals
- D) Countervailing duties
Which method of research can be used to obtain information if people are unwilling or unable to provide?
- A) Observation
- B) Questionnaires
- C) Focus groups
- D) Personal interviews