BUSI 303 Exam 2 correct answers

Only governments can issue bonds.

False

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Tax on imports is one example of a tariff barrier.

True

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Total quality management stresses the importance of teamwork.

True

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In the U.S., the Federal Reserve Bank is responsible to regulate the growth of the economy.

True

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The reasoning behind layout of a facility is to maximize the work environment for customers, employee and the building itself.

True

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Capacity planning is suggested, but not necessary, within operations management to allow companies to succeed.

False

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Some firms would rather remain domestic, but the market forces them global in order to remain profitable.

True

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A facilitator is an individual whose job is to help to manage a process of information exchange.

True

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Two major contributing circumstances of the demise of the gold standard were the Great Depression and the Vietnam War.

False

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The New York Stock Exchange its self does no business and keeps no record of transactions.

True

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European Community established its Exchange Rate Mechanism (ERM) in 1979 and formed the initial steps for the creation of a single European currency.

True

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Operational bottleneck refers to the fact that capacity of a multistep production process is limited to the total output of the slowest process.

True

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The intended outcome of regional economic integration is to promote economic prosperity and stability among signatory nations.

True

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The intent of forming a trading bloc may range from the potential of trade creation to the desire for economic protectionism.

True

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The progressive stages of economic integration in order of intensity are: Preferential Trade Area, Custom Union, Free Trade Area, Common Market, and EU.

False