Reference no: EM132268986
1. The purpose of the World Trade Organization is to:
a. Impose barriers to free trade among nations.
b. Eliminate barriers to free trade among nations.
c. Develop trading partnerships between rich and poor nations.
d. Decrease globalization and free trade.
2. Which of these is not an objective of the Global Reporting Initiative (GRI)?
a. Combining long-term profitability with ethical goals, social justice, and environmental care.
b. Measuring social performance across companies.
c. Providing tax incentives for global corporate citizens.
d. Reflecting the interests of business, labor, civil society, and financial markets.
3. When a principal tells an agent not to enter into a contract or behave in a particular manner and the agent does so regardless, the principal will still be liable for the legal consequences of the agent's act provided that, among other things:
the principal has done something which has the effect of holding the agent out as
having the necessary authority.
the third party has suffered detriment and damages are an inappropriate remedy.
the third party knew that the agent did not have actual authority but thought on reasonable grounds that the agent had apparent authority.
the principal ought to have foreseen that the agent would do the act or enter into the contract.
4. The importing of foreign goods by U.S. firms is called foreign direct investment.
a. true
b. false
5. The last item on an agenda is _____
A. random long dash—most agendas can be covered in any order
B. is usually unrelated to the other agenda items
C. often relates to what participants should do next
D. should always be "Other"
6. Which of the following statements about career communication is true?
A. Communicating your ideas clearly is important in every field.
B. In engineering, plan drafting is more important than communication.
C. The financial professions value math over communication.
D. Communication skills are valued most in fields such as sales and marketing.
E. Clear communication is not universally valued outside the United States.