Question: 1. Which is NOT a major strategic reason why multinational enterprises go abroad? A. To maximize production efficiency B. To expand market share C. To

1. Which is NOT a major strategic reason why multinational enterprises go abroad?

A. To maximize production efficiency

B. To expand market share

C. To acquire essential raw materials

D. To maximize compliance cost

2. Which is NOT one of the major regional economic blocs of importance to business?

A. The Latin American Free Trade Association (LAFTA)

B. The Association of Southeast Asian Nations (ASEAN)

C. The United Nations (UN)

D. The European Union (EU)

3. The free market system, also called the laissez-faire or capitalist system, is based on private property rights, the pursuit of profits, and the freedom to choose.

A. True

B. False

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