QUESTION 14 Reverse auctions are buyer-initiated. benefit the sellers significantly more than the buyers. o have an increasing number of buyers as the auction progresses. do not allow sequential bidding. have many buyers at the start of the auction. QUESTION 22 The balance of trade is the difference between the monetary value of a nation's exports and imports. sum of the monetary value of a nation's exports and imports. monetary value of a nation's exports divided by its imports. surplus that occurs when nations engage in exporting. state of equilibrium when two neighboring nations participate in countertrade QUESTION 26 Gross domestic product refers to the monetary value of all products and services produced by a single manufacturer during one year. the monetary value of all domestic exports of a nation during one year. the monetary value of all products and services produced in a country during one year. o the monetary value of all domestic imports of a nation during one year. the difference between all domestic exports and imports for any nation during the course of one fiscal year. QUESTION 27 A Tokyo shopkeeper would have been wise to use to verify the accuracy of the new sign in English he purchased for his dry cleaning business. The sign read, "Drop your pants here for best results," which he did not know had another suggestive meaning to native speakers. cultural symbolism dialect transformation semantic analysis O linguistic exchange O back translation QUESTION 28 firm markets its existing products and services in other countries the same way it Generally speaking does in its home country. O a multidomestic o an international O a multinational a transnational an intranational QUESTION 29 The clandestine collection of trade secrets or proprietary information about a company's competitors is referred to as O trade piracy. O transnational fraud. economic espionage. O competitive duplicity. O transcorporation intelligence. ho QUESTION 30 Customs are what is considered normal and expected about the way people do things in a specific country. those actions or activities within a community that are unique or distinctly different from any other group. o actions or behaviors that are repeated over time and carry a specific meaning to a unique group, nationality, or ethnicity. o traditions among a group of people, a nation, or ethnicity that affect their purchase behaviors. what would be considered unusual or even unacceptable regarding personal behavior in a specific country