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International Business Final Exam Review
International Business Final Exam Review
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Questions
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Answers
1
Which country is not in the Group of 8
USA
Mexico
Germany
France
2
An agreement between two or more companies to share assets and control of a new business is
Joint venture
Licensing agreement
Copyright
Patent
3
The term used for the tax that the government of Canada puts on imports is
Excise tax
Levy tax
Import tax
Tariff
4
Which of the following terms describes money or other assets that are available for investment?
Revenue
Machinery
Capital
Land
5
A company that donates significant money & material resources to a social called is engaging in
Branding
Philanthropy
Lobbying
Profiting
6
A business that fails to research and analyze its target customers is ignoring
Standards
Marketing
Infrastructure
Costing
7
The Canadian dollar is widely accepted on the foreign currency exchange market because it is
Hard currency
All of the above
Soft currency
Paper currency
8
The easiest data for marketers to collect for analysis and interpretation is?
Secondary data
Primary data
Tertiary data
Classified data
9
When employees spend their salaries and wages, they create
Demand
Exports
Savings
Training
10
Which term describes the process & flow of raw materials from point of origin to consumption
Logistics
Transporting
Delivering
Goal Setting
11
Historically, the Hudson's Bay Company, Canada's oldest retail operation, dealt with?
Land selling
Fur trading
All of the Above
Retailing
12
The pricing strategy that uses higher production to generate lower costs is called?
Price and wage controls
Price ceilings
Marketing effeciencies
Economies of scale
13
A business that fails to consider currency exchange rates and import charges is ignoring?
Marketing
Costing
Standards
Infrastructure
14
A factory that features unsafe working conditions, long hours, and/or low wages is a(n)
Public sector workplace
Private sector workplace
Activist
Sweatshop
15
The practice of selling goods in a foreign country at a price lower than the origin country is
Marketing
Exporting
Importing
Dumping
16
In a business cycle, in which phase does the economy start to slow and consumers stop buying?
Peak
Recession
Expansion
Trough
17
Hiring service providers in another country is called?
Diversification
Processing
Creating
Outsourcing
18
The type of economy that most countries have is called a
Market economy
Mixed economy
Command economy
Capitalist Economy
19
Resource industries such as trapping, logging, farming and fishing are known as?
Capital Resource Industries
Secondary Resource Industries
Primary Resource Industries
Manufacturing Resource Industries
20
People who flee to other countries to escape persecution or war are called?
Refugees
Visitors
Immigrants
Travellers