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- 1. Multiple ChoiceSetting a limit on the quantity of a product that may be imported or exported within a given period to regulate international trade is called?TariffEmbargoQuotaDeal
- 2. Multiple Choice___________ is a tax that a government places on certain imported productsTariffEmbargoQuotaDeal
- 3. Multiple ChoiceStopping the export and import of a product is known as?TariffEmbargoQuotaDeal
- 4. Multiple ChoiceThese are typically found in airports & seaports and do not follow the regular trade customs and are considered duty-freeFree-trade zonesFree-trade agreementsnon-tariff alliancesCommon markets
- 5. Multiple Choice__________________ reduces trade barriers and encourages trade between countries.Free-trade zonesFree-trade agreementsnon-tariff alliancesCommon markets
- 6. Multiple ChoiceMembers do away with duties and other trade barriers - they allow companies to invest freely in each member’s country •ex. EU (European Union)Free-trade zonesFree-trade agreementsnon-tariff alliancesCommon markets
- 7. Multiple ChoicePurchasing the right to use a company name or business process in a specific way ex. McDonald’s, Burger King, KFC and Pizza Hut • •LicensingJoint ventureFranchisingInfrastructure
- 8. Multiple ChoiceSports teams having their logo on memorabilia is considered?LicensingJoint ventureFranchisingInfrastructure
- 9. Multiple ChoiceAn agreement between two or more companies to share a business project - this business is on a limited basis for controlLicensingJoint ventureFranchisingInfrastructure
- 10. Multiple ChoiceA country being able to make a product or service at a lower cost than other countries is considered?Absolute advantageConcerning advantageComparative advantageAvailable advantage
- 11. Multiple ChoiceA situation in which a country specializes in the production of a good or service at which it is relatively more efficient?Absolute advantageConcerning advantageComparative advantageAvailable advantage
- 12. Multiple ChoiceBuying goods and services from another country is considered?ExportingImporting
- 13. Multiple ChoiceSelling goods and services to another country is considered?ExportingImporting
- 14. Multiple ChoiceWhen your exports are greater than your imports, this exists?Trade deficitTrade surplus
- 15. Multiple ChoiceWhen your exports are less than your imports, this exists?Trade deficitTrade surplus
- 16. Multiple Choice
A company that would like to build a golf course that could be played year round would need to consider which component of the international business environment?
Environmental
Social
Economic
Political
- 17. Multiple Choice
A company is worried that about exchange rate would need to consider which component of the international business environment?
Political
Environmental
Economic
Social
- 18. Multiple Choice
A company that is worried about the norms and customs of a country would need to consider which component of the international business environment?
Environmental
Social
Economic
Technological
- 19. Multiple Choice
A country that lacks ability to logistically transport imports & exports would be concerned with which component of the international business environment?
Social
Environmental
Political
Economic
- 20. Multiple Choice
A country concerned about lack of skilled workers to complete jobs in emerging careers would have potential business partners concerned with which component?
Political
Legal
Social
Technological
- Answer choicesTagsAnswer choicesTags