Description

BUSN 115 Quiz Week 2

BUSN 115 Quiz Week 2

A+

(TCO 1) A partnership in which two more companies (sometimes from different countries) join to undertake a major project is called (Points : 5)

Absolute advantage

Comparative advantage theory

Countertrading

Joint venture

Tariff

(TCO 3) A global strategy in which a licensor allows a licensee to produce its product in exchange for a royalty is (Points : 5)

Tariff

Strategic alliance

Free trade

Exporting

Common market

(TCO 3) The value of one nation’s currency relative to the currencies of other countries is known as (Points : 5)

Balance of trade

Devaluation

Dumping

Embargo

Exchange rate