International business quiz with answers

1. A form of piracy where the pirated product is similar in appearance, phonetic quality or meaning (of its name) to the original product, is known as _________.
 a) Reverse engineering
 b) Passing off
 c) Outright piracy
 d) Counterfeiting

Ans: " Passing off "

2. Which of the following is the process of evaluating a loan application to determine the risk involved for the lender and also involves an analysis of the borrower's creditworthiness and the property itself?
 a) Insurance
 b) Underwriting
 c) Hedging
 d) Speculation

Ans: " Underwriting "

3. The per capita income in China increased rapidly in the period between 1978 and 2004 primarily because of _______.
 a) Growth in the global economy
 b) Disintegration of the USSR
 c) Greater association with the US
 d) Economic reforms in China

Ans: Economic reforms in China

4. Which of the following refers to a group of buyers in a market who are more conservative than the innovators and the early adopters in making purchase decisions, but less conservative than the late majority and laggards?
 a) Early laggards
 b) Early majority
 c) Late minority
 d) Late adopters

Ans: Early majority

5. Which of the following was not one of the Multilateral Investment Guarantee Agency (MIGA)'s core services and products?
 a) Information dissemination
 b) Capacity building
 c) Investment facilitation
 d) Providing loans

Ans: " Providing loans "
- Contributed by Vaibhav Agarwal