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International Business
International Business
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Business Management Quiz
Flashcards
35 cards
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Questions
35
Answers
1
The potential for sales abroad does what to the overall size of the market?
diminishes
increases
shrinks
decreases
2
international trade theory says that trade shouldn’t be regulated or restricted by governments
Theory of free trade
Theory of governments
Theory of absolute advantage
Theory of trade
3
Development of what has stimulated global trade and investment?
Tariffs
Air Travel
NGOs
Trading Blocs
4
Which is not a good quality of international managers?
Social inflexability
Global Adaptability
Communication
Social flexability
5
What is the main reason for the growth of international business?
Peace
United States
Profit
Trade Alliances
6
What is the trading bloc of European countries called?
Union of Europe Trade
European Bloc
Europe Trade Group
European Union
7
If the US is importing a more goods and services than they export they have a deficit in what?
Export Account
Current Account
Capital Account
Import Account
8
If the United States refusing to do business which Cuba it has placed what on Cuba?
Trading Bloc
Embargo
Tariff
Sanctions
9
The United States is doing what when they sell shipments of cars to Europe?
Embargo
Exporting
Dumping
Importing
10
The headquarters of Coca-Cola would be called what?
Global Firm
Parent Firm
Local Firm
Coca-Cola Firm
11
If the United States places a tax on foreign cars it is doing what?
Embargo
Placing a Tariff
Foreign Taxing
Dumping
12
This is given to managers before traveling abroad to reduce culture shock
Local Culture Training
Air Travel Training
Management Training
Cross Cultural Training
13
The average pay in foreign firms located in the US is higher than for similar jobs in US firms
False
True
14
Business that takes place between two or more countries is what?
Green Business
Country Business
International Business
Nation Business
15
If the United States limits the number of Japanese cars imported to 10,000 it has done what?
Placed a Quota
Formed a NGO
Placed a Tariff
Placed an Embargo
16
The current account and capital account are part of the …
International Accounts
Capital Account
Balance of payments
Current Account
17
About how many Americans work abroad for American or foreign firms?
Over 150,000
Under 100,000
Over 1,000,000
Under 50,000
18
Most effective international managers are sent from the businesss headquarters in a diff nation
False
True
19
If a company has production or service facilities in a foreign country that country is called?
Trading Bloc
Host Country
Home Country
NGOs
20
If the US buys lots of Fish and Chips from the UK what happens to the value of UK currency
Increases
Decreases
Diminishes
Shrinks
21
If the United States refuses to sell weapons to Pakistan it has used what trade barrier?
Dumping
Sanctions
Tariff
Embargo
22
The United States is doing what when they buy fruit shipments from Brazil?
Embargo
Importing
Exporting
Dumping
23
International organization that creates and enforces rules governing trade between countries?
International Trade Organization
World Trade Organization
The International Organization
Enforcing Trade Organization
24
This international trade theory states that a nation’s wealth depends on accumulated wealth
Trading Bloc
Wealthism
Accumulation Theory
Mercantilism
25
This trade theory supports maximizing exports through subsidiaries
Export Trade Theory
Mercantilism
Accumulation Theory
NGOs
26
What records investment funds coming into and going out of a country?
Nation Fund Account
Curren Account
Investment Records
Capital Account
27
What is the trading bloc between the United States, Canada, and Mexico called?
North American Free Trade Agreement
North American Trade Bloc
US Canada Mexico Bloc
America Free Trade Alliance
28
If a United States company is located in the United States the United States is called what?
NGOs
Host Country
Trading Bloc
Home Country
29
If the US sells cars in Japan at a much lower price than most cars in Japan it is doing what?
Price-Dropping
Embargo
Tariff
Dumping
30
The organization that helps nations with financial difficulties in paying back loans or imports
International Monetary Fund
International Finance Group
World Bank
World Finance Organization
31
What has been a dominant aspect of economic life since the end of WWII?
Local Trade
Sales Tax
International Business
Tariffs
32
This is based on the ability of a nation to produce a good more efficiently than another nation
Theory of absolute advantage
Theory of production
Theory of efficiency
Theory of nation advantage
33
What records the value of goods and services exported and those imported from foreigners?
Record Account
Foreign Account
Current Account
Capital Account
34
What theory argues that a nations wealth should be judged by the living standards of its people
Living Standard Theory
Theory of nations
Theory of absolute advantage
Theory of wealth
35
Which is a main reason for a company to enter the international market?
Changes in the domestic market
Changes in the international market
Desires for domestic locations
Desire for foreign locations