Business Environment

361. Voluntary export restraint is

  1. Tariff barrier
  2. Non- tariff barrier
  3. Both tariff and non- tariff barrier
  4. Not a trade barrier
Correct answer: (B)
Non- tariff barrier

362. Computer programs are protected as

  1. Copy rights
  2. Trademarks
  3. Patents
  4. Industrial design
Correct answer: (A)
Copy rights

363. Which of the following statement is true?

  1. The payment of interest is considered illegal by Islam
  2. The payment of interest is considered legal by Islam
  3. Alcohol consumption is considered legal by Islam
  4. 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

  1. focused
  2. differentiated
  3. concentrated
  4. undifferentiated
Correct answer: (D)
undifferentiated

365. Analyzing processes of change in the business environment involves conceptualizing it as

  1. Complex
  2. Static
  3. Dynamic
  4. Diverse
Correct answer: (D)
Diverse

366. A philosophy of freedom of an individual in the economic and political pursuits is

  1. Collectivism
  2. Individualism
  3. Socialism
  4. 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

  1. Patent
  2. trade mark
  3. copy right
  4. 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

  1. expropriation
  2. confiscation
  3. nationalization
  4. 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 ______________.

  1. norms
  2. values
  3. attitude
  4. belief
Correct answer: (B)
values

370. The leading continent in international trade in IT products is ______________.

  1. Asia
  2. Europe
  3. America
  4. Africa
Correct answer: (D)
Africa
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