Business Environment
361. Voluntary export restraint is
- Tariff barrier
- Non- tariff barrier
- Both tariff and non- tariff barrier
- Not a trade barrier
Correct answer: (B)
Non- tariff barrier
362. Computer programs are protected as
- Copy rights
- Trademarks
- Patents
- Industrial design
Correct answer: (A)
Copy rights
363. Which of the following statement is true?
- The payment of interest is considered illegal by Islam
- The payment of interest is considered legal by Islam
- Alcohol consumption is considered legal by Islam
- Women entrepreneurs are encouraged
Correct answer: (A)
The payment of interest is considered illegal by Islam
364. The least demanding targeting strategy in international marketing is
- focused
- differentiated
- concentrated
- undifferentiated
Correct answer: (D)
undifferentiated
365. Analyzing processes of change in the business environment involves conceptualizing it as
- Complex
- Static
- Dynamic
- Diverse
Correct answer: (D)
Diverse
366. A philosophy of freedom of an individual in the economic and political pursuits is
- Collectivism
- Individualism
- Socialism
- Democracy
Correct answer: (D)
Democracy
367. The exclusive legal right of authors. Composers, play writes, artists and publishers to publish and disperse their works is
- Patent
- trade mark
- copy right
- Technology
Correct answer: (C)
copy right
368. The requirement imposed by the host country government that gradually ownership and management of the firm transferred to the locals is
- expropriation
- confiscation
- nationalization
- domestication
Correct answer: (D)
domestication
369. The abstract ideas about what a group of people and that when taken together constitute a design for living is ______________.
- norms
- values
- attitude
- belief
Correct answer: (B)
values
370. The leading continent in international trade in IT products is ______________.
- Asia
- Europe
- America
- Africa
Correct answer: (D)
Africa