International
Business Environment
Course Code : IBO 01
Course Title :
International Business Environment
Assignment Code :
IBO 01/TMA/2021-2022
Coverage : All Blocks
Maximum Marks: 100
Attempt all
the questions:
1. Do you think that
study of international business environment is relevant for the Managers? Give
your arguments and explain the Technological and Socio-cultural environment of
international business.
20
2. a) Describe the
functioning of Bretton Woods System with examples.
10
b) Explain various
International Commodity Agreements.
10
3. Distinguish
between:
4X5
a) Void agreements
and void contract
b) Utilitarianism and
Formalism
c) Absolute advantage
and comparative advantage of trade
d) GATT and WTO
4. Comment on the
following:
4X5
a) Geographic
environment does not affect demand pattern of the people living in the country.
b) When goods are
bought by description from a seller, there is no implied condition that goods
shall be of merchantable quality.
c) Arbitration is not
preferred by the parties involved in international business.
d) Free trade is
always better than no trade.
5. Write short notes
on the following:
4X5
a) Code of Ethics for
International Marketing
b) Current Account
and Capital Account of Balance of Payments
c) Essential Elements
of a Valid Contract
d) Strategic
Alliances and Technology Transfer
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