26 May Question Potential Matches: 1 : Greatest for small business entrepreneurs
Question
2 : Allows a company to experiment in a new market without incurring heavy start-up costs.
3 : Requires observation, determination, and taking risks
4 : Impacts the conduct and direction of a business venture
5 : A company owned by another company with possible alignment of products, goods, or services produced.
Answer
: Starting a business
: Financial rewards
: Contract manufacturing
: Legal environment
: Subsidiary
Question 2.2. (TCO 3) Match the term to the correct definition.
(Points : 5)
Potential Matches:
1 : An organization that manufactures and markets products in many different countries
2 : The purchase of goods and services from outside a firm rather than providing them inside the company
3 : The use of government regulations to limit the import of goods and service
4 : A company owned in a foreign country by another company called the parent company
5 : An unfavorable balance of trade
Answer
: Foreign subsidiary
: Multinational corporation
: Trade deficit
: Trade protectionism
: Outsourcing
Question 3.3. (TCO 3) Match the term to the correct definition.
(Points : 5)
Potential Matches:
1 : The difference between money coming into a country and money leaving the country
2 : Part of the broad category of outsourcing
3 : Occurs when the value of a country’s exports exceeds that of its imports
4 : Purchasing products from another country
5 : A limit on the number of products in certain categories that a nation can import
Answer
: Contract manufacturing
: Importing
: Trade surplus
: Import quota
: Balance of payments
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