Question

Companies at the fourth stage of developing their global business:

	A.	set up foreign subsidiaries to handle sales in one country.
	B.	operate in one country and sell into others.
	C.	operate an entire line of business in another country.
	D.	have their top executives and core corporate functions located in different countries,

Which of the following statements is true of the term quota?

	A.	It refers to a limit on the amount of a specific product that can enter a country.
	B.	It refers to the exclusion of all products from certain countries or companies.
	C.	It refers to a tax levied on the goods entering a country.
	D.	It refers to an agreement to stimulate international trade.

Which term refers to the difference between the value of a country’s exports and the value of its imports over a given period?

	A.	Balance of trade
	B.	Balance of payment
	C.	Gross domestic product
	D.	Gross national product

Answer 1

answer 1) Correct answer is option : D have their top executives and core corporate functions located in different countries,

Stage 4 of development refer to virtual business situation where executives and corporate function located in different countries

answer 2) Correct answer is option A : It refers to a limit on the amount of a specific product that can enter a country.

Import quote refer to the limitation of total amount of product imported.

Answer 3) Correct answer is option A : Balance of trade

It refer the different between export and import.