QUESTION 26 The North American Free Trade Agreement regulates trade between the
ID: 2731349 • Letter: Q
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QUESTION 26 The North American Free Trade Agreement regulates trade between the United States, Canada, and Japan. True False QUESTION 27 South Africa produces diamonds more cheaply and of higher quality than any other country; this is an example of absolute advantage. True O False QUESTION 28 Products that are successful in one country may be useless in another. O True False QUESTION 29 SWOT analysis allows managers and employees to assess organizational opportunities environmental threats environmental weaknesses environmental strengths all of the above QUESTION 30 Contingency planning is planning for disasters, or when the primary plan doesn't work environmental analysis change organizational analysisExplanation / Answer
Q. 26) False.
Explanation: The North american free trade agreement regulates trade between U.S.A., Canada and Mexico. (Japan is not regulated by North american free trade agreement).
Q 27 ) False
Explanation:- Comparative advantage is the ability of country to produce goods at lower price / cost and of high quality than other country . Thus, South africa producing diamond at low price and of high quality than other country is example of comparative advantage and not an absolute advantage example.
Q. 28) False.
Explanation: Products that are successful in one country may prove useless in other country. This statement is false because the usefulness of successful product in one country may be low or high in other country, but we can not say in totality that products that are successful in one country may prove useless in other country.
Q 29) SWOT analysis allows managers and employees to assess Organizational opportunities, environmental threats, environmental weaknesses and environmental strengths. Thus, right answer of this question is last option mentioned in the question i.e., All of the above.
[SWOT stands for Strengths, Weaknesses, Opportunities and Threats.]
Q. 30) Contingency planning is planning for disasters, or when the primary plan does not work.
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