Question

INSTRUCTIONS: Select the single best answer to each question (2 Pts each). 1. President Trump gave his State of the Union address last month. By doing so, he fulfilled which of the following societal functions: a. Integrative d. Goal Attainment b. Pattern Maintenance e. M=f(E) c. Adaptive 2. Which of the following societal values is not associated with the United States? a. E = f(M) d. Resources are unlimited b. Zero Sum Game e. Frontier Thesis c. Justice; Equality of Opportunity 3. Wall Street's favorite financial ratio used to report the financial health businesses is: a. Return on Total Assets d. Financial Leverage b. Gross Margin Return on Inventory e. Profit Margin c. Return on Equity 4. Which of the following statement is false a. The USITC is the research arm for the Congress. b. The UK just recently pulled out of the European Union. c. China is a member of the World Trade Organization ( WTO). d. Canada's major issue with the USMCA Trade Agreement is the restrictions on its exports of personal care items to the U.S. Market. e. The U.S. and Africa's Kenya are about to open free trade negotiations. 5. Which statement does not represent an accurate description of Mr. Robert Queen's position at the U.S. Department of Commerce. a. His office represents U.S. industries located along the U.S border with Mexico, Texas to California. b. A primary focus is to help U.S. Companies from his region locate and Penetrate foreign business markets. c. One task is to alert business oriented persons within his region of forthcoming "Webinars." d. Approximately eighty percent of his business market referrals are outside the North American market, particularly Africa and Asia. 6. He believes that President Trump's use of tariffs has failed to serve the U.S. well in the international market place.

Answer 1

1. c

2 e

3. a

4. c

5. b

MARKETING SCENARIO

2a

a. HOME A

b. HOME C

2b

1. d

2. c

3. 2:1