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DEVRY BUSN115 WEEK 2 ,3 AND 5 QUIZES

Question 1. Question : (TCO 1) Trading Blocs are

Student Answer: organization of nations that remove barriers to trade among their members.

international trading partners.

companies created to set up to trade between countries.

All of the Above

None of the Above

Question 2. Question : (TCO 3) A long-term partnership between two or more companies established to help each company build competitive market advantages is

Student Answer: licensing.

strategic alliance.

free trade.

exporting.

common market.

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

Student Answer: balance of trade

devaluation

dumping

embargo

exchange rate

(TCO 2) What is a document that protects a creator’s rights to materials such as books, articles, photos, paintings, and cartoons?

Student Answer: Administrative agencies

Uniform Commercial Code

Copyright

Negligence

Tort

Question 2. Question : (TCO 2) Legal procedures initiated by a debtor who are unable to meet their financial obligations is called _____.

Student Answer: bankruptcy

damages

taxes

contract

judiciary

Question 3. Question : (TCO 2) What is the dimension of social responsibility that includes everything from hiring minority workers to making safe products?

Student Answer: Social audit

Corporate philanthropy

Integrity-based ethics codes

Corporate policy

Corporate responsibility

(TCO 5) Marketing intermediaries who bring buyers and sellers together and assist in negotiating an exchange is called _____.

Student Answer: administered distribution system

agents and brokers

retailer

distribution channel

contractual distribution system

Question 2. Question : (TCO 9) What producer uses advertising, personal selling, sales promotion, and all other promotional tools to convince wholesalers and retailers to stock and sell merchandise?

Student Answer: Pull Strategy

Push strategy

Marketing mix

Interactive promotion

Qualifying

Question 3. Question : (TCO 8) Any physical good, service, or idea that satisfies a want or need by someone is called a _____.

Student Answer: product

place

promotion

price

marketing

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