There is an arrangement which allows a firm to use research from another firm at no cost in exchange for executing all of its trades with the firm that provides the research. What this arrangement is called?

Related Mcqs:

1. An exchange arrangement was formed in 1979 that governs the currencies of European union member countries. What this arrangement called ?

   A. European Currency System (ECS)
   B. European Monetary Mechanism (EMM)
   C. Common Monetary System (CMS)
   D. European Monetary Fund (EMF)

2. In 1985, the Coca-cola Company made a classic marketing blunder with its deletion of its popular Coca-Cola product and introduction of what it called New Coke Analysts now believe that most of the company’s problems resulted from poor marketing research. As the public demanded their old Coke back the company relented and reintroduced Coca-Cola Classic (which has regained and surpassed its former position) while New Coke owns only 0.1 percent of the market Which of the following marketing research mistakes did Coca-Cola make ?

   A. They did not investigate pricing correctly and priced the product too high
   B. They did not investigate dealer reaction and had inadequate distribution
   C. They defined their marketing research problem too narrowly
   D. They failed to account for the Pepsi Challenge taste test in their marketing efforts

3. An economy that trades with and has financial dealing with other countries is called a/an ________ economy?

   A. free-trade
   B. autarkic
   C. open
   D. mixed

4. Which exchange rate system involves a leaning against the wind|| strategy in which short-term fluctuations in exchange rates are reduced without adhering to any particular exchange rate over the long run ?

   A. pegged of fixed exchange rates
   B. adjustable pegged exchange rates
   C. managed floating exchange rates
   D. free floating exchange rates

5. A firm in perfectly competitive industry is producing 50 units, its profit-maximising quantity. Industry price is £2 and total fixed costs and total variable cost are £25 and £40 respectively. The firm’s economic profit is ?

   A. £35
   B. £15
   C. £30
   D. £60

6. A firm owns long-lived property that is used by a firm in the Production of its income. What this property is called ?

   A. Unmovable asset
   B. Fixed property
   C. Production line
   D. Fixed asset

7. If one country, with floating exchange rates, has higher inflation than its competitors we would expect its exchange rate to ?

   A. appreciate
   B. depreciate
   C. revalue
   D. be in short supply

8. If a competitive firm is producing a level of output where marginal revenue exceeds marginal cost the firm could increase profit if it ?

   A. decreased production
   B. maintained production at the current level
   C. temporarily shut down.
   D. increased production

9. The exchange rate system that best characterizes the present international monetary arrangement used by industrialized countries is ?

   A. freely fluctuating exchange rates
   B. adjustable pegged exchange rates
   C. managed floating exchange rates
   D. pegged or fixed exchange rates

10. Which branch of accounting provides information to help the management of a firm evaluate production costs and efficiency ?

    A. Efficient Account
    B. Cost Accounting
    C. Ultra-country economic risk
    D. Outcome risk