TEST 2 INB2313

Foreign exchange is a commodity that consists of currencies issued by countries other than one’s own.

• TRUE

• FALSE

Foreign exchange market used to convert the local currencies for foreign currencies in order to invest for longterms in money market.

• TRUE

• FALSE

According to the demand and supply theory, when the price of one currency is high, the quantity of that currency demanded is low.

• TRUE

• FALSE

Religion law is the foundation of the legal systems in the United Kingdom and its former colonies, including the United States, Canada, and Australia, India, New Zealand and so on.

• TRUE

• FALSE

Embargo – a comprehensive sanction against all commerce with a given country.

• TRUE

• FALSE

Arbitration is a process by which both parties in the conflict agree to submit their cases to a private individual or body whose decision they will honor.

• TRUE

• FALSE

When a person begins a civil lawsuit, the person enters into a process called forum shopping.

• TRUE

• FALSE

Internationalization advantages are those factors that affect the desirability of a firm’s producing a good or service itself rather than contracting with a local host country firm to produce the product.

• TRUE

• FALSE

There are three types of exporting which indirect exporting, direct exporting and under-corporate transfers.

• TRUE

• FALSE

Under licensing agreement, it is stated the fee and royalties paid by the franchisor for the right use the name, trademarks, formulas and operating procedures

• TRUE

• FALSE