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QUIZ No. 2
Semester fall, 2006
4. General Mills and Nestle contributed around $80 million to create a new firm
called Cereal Partners Worldwide. This is an example of a(n) _____.
a. Franchising arrangement
b. Acquisition strategy
c. Joint venture
d. Licensing agreement
5. Under the payment method of document collection, the term draft is referred to as
_____ outside of the United States.
a. Bill of exchange
b. Bill of lading
c. Time draft
d. Sight draft
6. _____ implies that the national government exerts minimal influence on the
exporting and importing decisions of private firms and individuals.
a. Fair trade
b. Free trade
c. Managed trade
d. Equitable trade
8. On what unit of analysis did the first theories of international trade focus?
a. Individual countries
b. Country clusters
c. Regions
d. Continents