TMA2/ENT419

My TMA Home TMA Results My Pending TMA Quick Help My TMATMA InstructionCourse DetailTMA CalendarGrading Message BoardQuick InfoInstructor Message Quiz NoteQuiz Tip - 1Quix Tip - 2 TMA Quiz Questions   TMA: TMA2/ENT419 Matric Number:  SCORE=9.00 ENT419 - International Business I MRS. YARO LAMI S. (lyaro@noun.edu.ng )   1 A nation trades because it expects to gain something from its trading partner then which is true ____________ trade is selfish trade is mutual trade is like zero sum gameds all of the above 2 What _________ s national would have to produce all commodities by itself in order to satisfy all its needed trade is selfish business transactions compromise 3 Because each country has a unique set of _______ each country possesses its own unique production possibility curve resources climate grographic condition say 4 Adam Smith used the pricniples of absolute advantage as the ________ for international trade remedy support justification reason 5 The principle of abosolute and relative advantage rpvide a primary basis for trade to occur with explain ____________ home advantage factor endowment trade advantage trade endowment 6 ___________ is indeed the only factor of production or even a major determinant of product ontent Raw material Labour Land Capital 7 One major characteristics that distinguished human kinds from animals is the ability to overcome the harshness of _________ whether storm environment feelings 8 The study of geography is important in the evaluation of business and their __________ environment conditions principles techniques 9 Knowledge of the world business__________ is pertinent to an international business manager environment population principles characteristics 10 The international business manager that understands the components of the __________environment will likely perform better geographycal physical demography climatic 11 Countries which are less blessed with natural resources create the __________ to thier advantage artificial alternative compliment substitute 12 Business decisions are strongly affected by development in the ________ at legal environment political economic structure demographic 13 Business political and legal environment consist of all except _____________ laws policies procedures regulations 14 In business __________ creates new opportunites as well as threats procedues law policies pressure groups 15 Studying opportunites and threats is very important for those business __________ who desire to engage in international business managers executives participants members 16 The ___________ in which people grew up shapes their beliefs, values and norms environment demography culture society 17 ____________ is a set of traditional beliefs and values that transmitted and shared in a given society norms culture language identity 18 There is a fundamental _________ in world trade shift change assumption belief 19 The word ____________ moving towards similar trade culture and national economics merging into an interdependent integrated economic system is termed world economy globalization general trade amalgamation 20 The goal of remaining barriers to the free flow of good was enshrined in the treat known as _____________ GATT IKEA GUTT ICKA