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General Agreement on Tariffs and Trade and Correct Answer

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General Agreement on Tariffs and Trade and Correct Answer
* Question 1
5 out of 5 points | | | As a factor of production, capital would include:Answer | | | | | Selected Answer: | machines, tools, buildings, and technology. | Correct Answer: | machines, tools, buildings, and technology. | | | | | * Question 2
5 out of 5 points | | | Given the importance of _____ to workforce effectiveness, some business experts, such as the former management guru Peter Drucker, separate this factor from human resources.Answer | | | | | Selected Answer: | knowledge | Correct Answer: | knowledge | | | | | * Question 3
5 out of 5 points | | | During the marketing era consumers found:Answer | | | | | Selected Answer: | more choices for goods and services. | Correct Answer: | more choices for goods and services. | | | | | * Question 4
0 out of 5 points | | | In the relationship era, firms began to recognize that cultivating current customers is more profitable than constantly _____Answer | | | | | Selected Answer: | creating new goods and services. | Correct Answer: | seeking new customers. | | | | | * Question 5
5 out of 5 points | | | As competition has become truly global, free trade has resulted in _____ prices and _____ quality across virtually every product category.Answer | | | | | Selected Answer: | lower, higher | Correct Answer: | lower, higher | | | | | * Question 6
5 out of 5 points | | | Business transactions that occur online are examples of _____Answer | | | | | Selected Answer: | e-commerce. | Correct Answer: | e-commerce. | | | | | * Question 7
5 out of 5 points | | | In 1995, a renegotiation of the General Agreement on Tariffs and Trade (GATT) took bold steps to lower tariffs and to reduce trade restrictions. A tariff is a:Answer | | | | | Selected Answer: | tax on imports. | Correct Answer: | tax on imports. | | | | | * Question 8
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