Manufacturing technology designed to reduce set-up time and improve job scheduling and quality control is called:

	a.	lean production
	b.	experiential stages production
	c.	ISO 14000
	d.	just-in-time production

Which one of the following is a trade intervention instrument used by governments to lower production costs for domestic producers to help them compete against foreign imports?

	a.	quotas
	b.	subsidies
	c.	tariffs
	d.	duties

Cross-cultural negotiations will likely fail if one party enters the negotiation with a belief that his/her culture or ethnic background is superior. This is known as:

	a.	individualism
	b.	ethnocentric behaviour
	c.	stereotyping
	d.	discriminatory behaviour

__________ is the level of output at which most plant-level scaled economies are exhausted.

	a.	Full efficient scale
	b.	Maximum efficient scale
	c.	Minimum efficient scale
	d.	Exhaustive efficient scal

Three main costs of inward FDI concern host countries. These are:

	a.	the possible adverse effects of FDI on competition with the host country, the resource transfer effect, and the perceived loss of national sovereignty and autonomy
	b.	the resource transfer effect, the employment effect, and the possible adverse effects of FDI on competition within the host country
	c.	the employment effect, the perceived loss of national sovereignty and autonomy, and the resource transfer effect
	d.	the possible adverse effects of FDI on competition within the host country, adverse effects on the balance of payments, and the perceived loss of national sovereignty and autonomy

According to the Uppsala model (U-Model), firms are more likely to internationalise initially by entering markets with:

	a.	closer economic distance.
	b.	closer psychic distance.
	c.	closer political distance.
	d.	closer geographic distance.

How can FDI help a country achieve a current account surplus?

	a.	When the MNE uses a foreign subsidiary to export goods and services to other countries.
	b.	If the FDI is a substitute for imports of goods or services, the effect can be positive on the current account of the home-country's balance of payments.
	c.	When the MNE uses a foreign subsidiary to import goods and services to other countries.
	d.	If the FDI is a substitute for exports of goods or services, the effect can be to improve the current account of the host country's balance of payment

Three main costs of inward FDI concern host countries. These are:

	a.	the possible adverse effects of FDI on competition with the host country, the resource transfer effect, and the perceived loss of national sovereignty and autonomy
	b.	the resource transfer effect, the employment effect, and the possible adverse effects of FDI on competition within the host country
	c.	the employment effect, the perceived loss of national sovereignty and autonomy, and the resource transfer effect
	d.	the possible adverse effects of FDI on competition within the host country, adverse effects on the balance of payments, and the perceived loss of national sovereignty and autonomy.