Mock Test 5

Instructions:

  1. You are supposed to attempt any 40 of these 50 questions.
  2. For a correct response you get 5 marks and for an incorrect one you are penalised by 1 mark.
  3. The duration of the test is 45 minutes.

1. In the context of international business, what is the term for an agreement between two or more countries to reduce or eliminate customs duties on goods traded between them?

(a) Tariff

(b) Quota

(c) Cartel

(d) Free trade agreement

2. What is the term for the process of evaluating the performance of a company’s management in achieving organizational objectives?

(a) Benchmarking

(b) Corporate governance

(c) Strategic planning

(d) Performance appraisal

3. In financial management, what does the term ‘Hedging’ refer to?

(a) Maximizing ...

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