IBO 001 INTERNATIONAL
BUSINESS ENVIRONMENT
December 2016
Question Paper
Time : 3 hours
Note : (i) Answer any five questions
including question no. 1 which is compulsory. (ii) All questions carry equal
marks. Marks have been indicated for all parts.
1. Comment
on any four of the following :
(a) Several
companies enter international business only to minimize competitive risk.
(b) With
success of GATT (now WTO) tariffs have become less important as a form of
protection than non-tariff barriers.
(c)
Inappropriate structure and design restrict the timely flow of needed
information and consequently hurt decision making.
(d) Culture
cannot be easily isolated from such factors as economic and political
conditions and institutions.
(e) While
corporate social responsibility focuses primarily on business policy issues,
ethics focuses on individual managerial behaviour.
(f) Under
fixed exchange rate system, a deficit in balance of payments is adjusted by a
fall in national income.
2.
Distinguish between an agreement and a contract. Also describe essential
elements of a valid contract.
3. According
to international trade theorists, nations gain from international trade (export
and import). The gains are the consequences of exploiting relative comparative
advantages, derived from exporting those goods that a nation holds superior in
production cost. Do you agree with this view ? If so, why ? If not, why not ?
4. Discuss
recent trends and current issues in the transfer of technology.
5.
Differentiate between Direct and Portfolio investment. What are the advantages
of FDI ? What are the limitations ? Discuss.
6. What are
International Commodity Agreements ? What purposes do these agreements serve ?
What are their usual components ? Illustrate your answer by discussing any one
agreement.
7. Explain
the broad objectives and functions of International Monetary Fund.
8. Write short
notes on any two :
(a)
International Trade in services
(b) EDI
standards
(c) WTO and
Environmental Agenda
(d)
Multilateral Investment Guarantee Agency (MIGA)
0 comments:
Note: Only a member of this blog may post a comment.