Question

True/False titive advantage, a company must either perform activities 1. In order to achieve and maintain a competitive advantage, a company m different from those of its competitors or perform the activities in different True False in different ways. 2. The Balance of Payments is a record of a country's transactions. True False ary 2001 and still serves as the basis of the 3. The Bretton Woods system went into effect in January 2001 and still serves as the international monetary system today. True False 4. One of the advantages of using gold as a currency arrangement is that it imposes monetary discipline True False 5. Tariffs are taxes levied on imported goods primarily for the purpose of raising their selling price in the importing nation's market to reduce competition for domestic producers. True False 6. The Global Strategic Planning Process is iterative (repetitive) in nature. False True 7. Privatization is the transfer of private sector assets to the public sector i.e. the state). True False 8. The spot rate is the exchange rate between two currencies for their immediate trade. True False 9. Currency values fluctuate only when purchasing power parity suggests that they should. False True 10. Countries that joined the Bretton Woods system were on a gold exchange system. False True 11. Fiscal policies control the amount of money in circulation, whether or not it is growing what rate. False True her or not it is growing and, if so, at 12. One result of higher inflation is higher interest rates. True False 13. A spot rate is the exchange rate that can be locked in at a certain point in the run True False

Answer 1

1.

True

Doing things differently, brings innovation and differentiation in the market. It brings competitive advantage and sustainability.

2.

True

It is between a country and rest of the world.

3.

False

This system is non-existent and does not work in today's work environment.

4.

True

Under the gold standard, money in proportion to the level of gold reserve, can be redeemed. It brings monetary discipline.

5.

True

Tariff is used as a trade barrier, applied by the government of the nation.

6.

True

It is done by MNCs on a regular basis in the light of changing business environment.

7.

False

It is the transfer of public sector to the private hands.

8.

True

It is used for the immediate settlement.

9.

False

There are many other factors, other than PPP.

10.

11.

False

It is the monetary policy that controls the supply of money.

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