QUIZ
International Business
4 years ago by
20 questions
Q. Setting a limit on the quantity of a product that may be imported or exported within a given period to regulate international trade is called?
answer choices
Tariff
Embargo
Quota
Deal
Q. ___________ is a tax that a government places on certain imported products
answer choices
Tariff
Embargo 
Quota
Deal
Q. Stopping the export and import of a product is known as?
answer choices
Tariff
Embargo
Quota
Deal
Q. These are typically found in airports & seaports and do not follow the regular trade customs and are considered duty-free
answer choices
Free-trade zones
Free-trade agreements
non-tariff alliances
Common markets
Q. __________________ reduces trade barriers and encourages trade between countries.
answer choices
Free-trade zones
Free-trade agreements
non-tariff alliances
Common markets
Q. Members do away with duties and other trade barriers - they allow companies to invest freely in each member’s country •ex.  EU (European Union)
answer choices
Free-trade zones
Free-trade agreements
non-tariff alliances
Common markets
Q. Purchasing the right to use a company name or business process in a specific way   ex.  McDonald’s, Burger King, KFC and Pizza Hut • •
answer choices
Licensing
Joint venture
Franchising
Infrastructure
Q. Sports teams having their logo on memorabilia is considered?
answer choices
Licensing
Joint venture
Franchising
Infrastructure
Q. An agreement between two or more companies to share a business project - this business is on a limited basis for control
answer choices
Licensing
Joint venture
Franchising
Infrastructure
Q. A country being able to make a product or service at a lower cost than other countries is considered?
answer choices
Absolute advantage
Concerning advantage
Comparative advantage
Available advantage
Q. A situation in which a country specializes in the production of a good or service at which it is relatively more efficient?
answer choices
Absolute advantage
Concerning advantage
Comparative advantage
Available advantage
Q. Buying goods and services from another country is considered?
answer choices
Exporting
Importing
Q. Selling goods and services to another country is considered?
answer choices
Exporting
Importing
Q. When your exports are greater than your imports, this exists?
answer choices
Trade deficit
Trade surplus
Q. When your exports are less than your imports, this exists?
answer choices
Trade deficit
Trade surplus
Q.

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?

answer choices

Environmental

Social

Economic

Political

Q.

A company is worried that about exchange rate would need to consider which component of the international business environment?

answer choices

Political

Environmental

Economic

Social

Q.

A company that is worried about the norms and customs of a country would need to consider which component of the international business environment?

answer choices

Environmental

Social

Economic

Technological

Q.

A country that lacks ability to logistically transport imports & exports would be concerned with which component of the international business environment?

answer choices

Social

Environmental

Political

Economic

Q.

A country concerned about lack of skilled workers to complete jobs in emerging careers would have potential business partners concerned with which component?

answer choices

Political

Legal

Social

Technological

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