The centrally planned communist run nations belong to which one of the following world?

• A) Second world
• B) First world
• C) Third world
• D) Fourth world

A letter of credit that may be withdrawn from the beneficiary at any time without prior notice to the exporter is called:

• A) Revocable letter of credit
• B) Unconfirmed irrevocable letter of credit
• C) Confirmed irrevocable letter of credit
• D) Cash with order

Which of the following method may be adopted by a firm with minimal resources to devote international expansion, which wants to enter international markets gradually?

• A) Exporting
• B) Specialized mode
• C) Licensing
• D) Franchising

Philippines belong to which of the following group of countries?

• A) Mature
• B) Emerging
• C) Platform
• D) Growth

Identify the pricing term that indicates the charterer of a vessel is responsible for the cost of loading goods onto the vessel.

• A) Free out and in
• B) Free out
• C) Free in and out
• D) Free in

Which of the following is a very basic method of finding international business information?

• A) Survey
• B) Internet
• C) None of the given options
• D) Observation

A movie theatre runs a film clip that shows pictures of candy, popcorn and soft drinks prior to running the featured movie. The intent is to get theatre patrons to make purchases at the concession stand in the theatre lobby. This process is an example of which of the following behavioral influences on buying behavior?

• A) Beliefs
• B) Learning
• C) Selective processes
• D) Attitudes

Which of the following describes a form of research in which a researcher evaluates on the basis of single variable?

• A) Applied research
• B) Descriptive research
• C) Causal research
• D) Basic research

“LG Phillips Display” is joint venture established by LG group and Royal Phillips Electronic. Identify the year in which this joint venture was established?

• A) 2003
• B) 2001
• C) 2002
• D) 2000

Following are the forms of foreign direct investment EXECPT:

• A) Management expertise
• B) Latest technologies
• C) Labor
• D) Capital

The examples like McDonalds and KFC are related to which of the following franchise agreement?

• A) Business format franchises
• B) Trade name franchises
• C) Consumer format franchises
• D) Product name franchises

Which of the following is true description of secondary data?

• A) Existing data
• B) Unimportant data
• C) Ordinary data
• D) Ordinal data

Which of the following is the fastest mean of gathering data?

• A) Phone
• B) Personal
• C) Online
• D) Postal

Which of the following statements about consumer attitude is FALSE?

• A) Marketers often try to understand and work with existing consumer attitudes
• B) Behavioral Influences on Buying Behavior
• C) Changing negative attitudes is difficult for marketers to do
• D) Changing present attitudes is sometimes necessary

____________analysis analyzes the difference between estimated total market potential and a company’s sales.

• A) Gap
• B) Comparative Analysis
• C) Cluster Analysis
• D) Demand Pattern

Which of the following agreement give the licensee the right to use the trade mark/trade name of the licensor?

• A) Exporting
• B) Franchising
• C) Licensing
• D) Specialized mode

Which of the following describes that the exporter’s price quote includes coverage of all charges up to the point when goods have been loaded?

• A) Ex-works
• B) Cost and freight
• C) Free alongside ship
• D) Free on board

Which form of international commercial payment that involves one or more banks?

• A) Letter of credit
• B) Sight draft
• C) Bill of exchange
• D) Date draft

The groups of countries that need time & technology rather than massive foreign aid to build modern developed economics belong to which one of the following world?

• A) Fourth world
• B) First world
• C) Third world
• D) Second world

In line with a franchising agreement, a franchisee may use:

• A) Patents and designs only
• B) Trade marks only
• C) Geographic exclusivity
• D) Copyright and trade secrets only