Instructor Resource
Lussier, Management Fundamentals 8e
SAGE Publishing, 2019
7
20. ASEAN stands for ______.
a. Association of Southeast Asian Nations
b. Association of Standard Ethics in Asian Nations
c. All South East Asian Nations
d. Alliance of Southeastern Asian Nations
21. BRIC stands for ______.
a. Bolivia, Romania, Indonesia, Croatia
b. Bulgaria, Republic of Korea, Iceland, Cuba
c. Belgium, Rwanda, Italy, Costa Rica
d. Brazil, Russia, India, China
22. In 2016, which country voted to drop out of the European Union?
a. Greece
b. United Kingdom
c. Romania
d. Germany
23. ______ is how much of one country’s currency one gets for that of another country.
a. Balance of trade
b. Purchasing power
c. Standard of living
d. Exchange rate