Management Notes

Management Notes

Reference Notes for Management

BS2

A tariff-rate quota is essentially a

by
A tariff-rate quota is essentially a

A tariff-rate quota is essentially a

 Options:

a. two-tier tariff applied to a country’s imports
b. three-tier tariff applied to a country’s imports
c. two-tier quota applied to a country’s exports
d. three-tier quota applied to a country’s exports

The Correct Answer Is:

a. two-tier tariff applied to a country’s imports

Read more

A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a (an):

by
A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a (an):

A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a (an):

 Options:

a. domestic subsidy
b. export subsidy
c. import quota
d. export quota

The Correct Answer Is:

c. import quota

Read more

______ 1954 study of U.S. trade patterns showed that U.S. exports were labor-intensive compared with U.S. imports even though the United States was widely regarded as a relatively capital-abundant nation.

by
______ 1954 study of U.S. trade patterns showed that U.S. exports were labor-intensive compared with U.S. imports even though the United States was widely regarded as a relatively capital-abundant nation.

______ 1954 study of U.S. trade patterns showed that U.S. exports were labor-intensive compared with U.S. imports even though the United States was widely regarded as a relatively capital-abundant nation.

 Options:

a. Paul Samuelson’s
b. Wolfgang Stolpher’s
c. Staffan Linder’s
d. Wassily Leontief’s

The Correct Answer Is:

d. Wassily Leontief’s

Read more

According to the trade theory of Staffan Linder trade tends to be most pronounced in manufactured goods when trading countries have

by
According to the trade theory of Staffan Linder trade tends to be most pronounced in manufactured goods when trading countries have

According to the trade theory of Staffan Linder trade tends to be most pronounced in manufactured goods when trading countries have

 Options:

a. similar endowments of natural resources
b. similar levels of technology
c. similar per-capita incomes
d. similar wage levels

The Correct Answer Is:

c. similar per-capita incomes

Read more

According to the classical theory of international trade:

by
According to the classical theory of international trade:

According to the classical theory of international trade:

 Options:

a. Only countries with low wages will export
b. Only countries with high wages will import
c. Countries with high wages will have higher prices
d. All the above are false

The Correct Answer Is:

d. All the above are false

Read more

Increased foreign competition tend to

by
Increased foreign competition tend to

Increased foreign competition tend to

 Options:

a. Intensify inflationary pressure at home
b. Induce falling output per worker-hour for domestic workers
c. Place constraints on the wages of domestic workers
d. Increase profits of domestic import-competing industries

The Correct Answer Is:

c. Place constraints on the wages of domestic workers

Read more

Good sources of information for an entrepreneur about competitors can be Obtained from ______________.

by
Good sources of information for an entrepreneur about competitors can be Obtained from ______________.

Good sources of information for an entrepreneur about competitors can be Obtained from ______________.

 Options:

A. Websites.
B. Product information leaflets.
C. Company reports and published accounts.
D. All the above.

The Correct Answer Is:

D. All the above.

Read more

The expenses incurred on the setting up of the enterprise are called as ______________.

by
The expenses incurred on the setting up of the enterprise are called as ______________.

The expenses incurred on the setting up of the enterprise are called as ______________.

 Options:

A. Cost of financing.
B. Cost of promotion.
C. Cost of fixed assets.
D. Cost of current assets.

The Correct Answer Is:

B. Cost of promotion.

Read more

Institutional agencies grant financial assistance to small scale industries for ______________.

by
Institutional agencies grant financial assistance to small scale industries for ______________.

Institutional agencies grant financial assistance to small scale industries for ______________.

 Options:

A. participation in equity capital only.
B. acquisition of fixed assets.
C. working capital assistance.
D. all of the above.

The Correct Answer Is:

D. all of the above.

Read more

Decisions which are concerned with policy matters and exercise fundamental influence on the objectives of the organization are called as ______________.

by
Decisions which are concerned with policy matters and exercise fundamental influence on the objectives of the organization are called as ______________.

Decisions which are concerned with policy matters and exercise fundamental influence on the objectives of the organization are called as ______________.

 Options:

A. Organizational decisions.
B. Personal decisions.
C. Routine decisions.
D. Strategic decisions.

The Correct Answer Is:

D. Strategic decisions.

Read more

The UK government has implemented a number of policies to encourage Entrepreneurship in schools. One such initiative is ______________.

by
The UK government has implemented a number of policies to encourage Entrepreneurship in schools. One such initiative is ______________.

The UK government has implemented a number of policies to encourage Entrepreneurship in schools. One such initiative is ______________.

 Options:

A. Young Enterprise.
B. Youth venture.
C. Young Business.
D. Young Initiative.

The Correct Answer Is:

A. Young Enterprise.

Read more