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Mixed Quiz
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1

Domestic entrepreneurial decisions are more complex than international decisions due to uncontrollable factors such as economic development and stage of economic development.
A)True
B)False
2

Entrepreneurs only implement a centralized decision-making structure in the later stages of international business.
A)True
B)False
3

In turn-key projects, local owners take control of the operation once the operation is going.
A)True
B)False
4

An entrepreneur using 51 percent ownership to engage in international business assures complete control.
A)True
B)False
5

The objectives of the General Agreement on Tariffs and Trade were to liberalize trade by increasing tariffs.
A)True
B)False
6

Private equity capital is ______________________________________.
A)less available in other countries than in the U.S.
B)more available in other countries than in the U.S.
C)about the same in other countries as in the U.S.
D)non-existent in the U.S.
7

Royalties are paid on ________________.
A)intracompany exports
B)turn-key projects
C)management contracts
D)none of the above
8

A ________________ is a merger of two firms that produce one or more of the same or closely related products in the same geographical area.
A)diversified activity
B)vertical combination
C)market extension
D)horizontal combination
9

The General Agreement on Tariffs and Trade ___________________________.
A)includes over 1000 nations
B)increases tariffs, subsidies, and import quotas
C)has little authority to enforce trade practices due to its voluntary membership
D)all of the above.
10

The free trade zone between the Americas, Argentina, Brazil, Paraguay, and Uruguay is:
A)the Americana trade zone.
B)the Montreal trade zone.
C)the Mercury trade zone.
D)the Mercosul trade zone.





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