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International Business Introduction Week Flashcards | StudBud
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International Business Introduction Week
International Business Introduction Week
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1
If the United States places a tax on foreign cars it is doing what?
Dumping
Embargo
Foreign Taxing
Placing a Tariff
2
What records investment funds coming into and going out of a country?
Curren Account
Capital Account
Nation Fund Account
Investment Records
3
If the United States refuses to sell weapons to Pakistan it has used what trade barrier?
Tariff
Dumping
Sanctions
Embargo
4
A limit on the quantity of a product that may be imported & exported within a peroid of time
quota
tariff
embargo
import
5
Business that takes place between two or more countries is what?
International Business
Nation Business
Country Business
Green Business
6
International organization that creates and enforces rules governing trade between countries?
Enforcing Trade Organization
The International Organization
International Trade Organization
World Trade Organization
7
The value of money of one country expressed in terms of the $ of another country
exchange amount
exchange coin
exchange rate
$ exchange
8
What records the value of goods and services exported and those imported from foreigners?
Capital Account
Record Account
Current Account
Foreign Account
9
What has been a dominant aspect of economic life since the end of WWII?
Sales Tax
Tariffs
Local Trade
International Business
10
An organization that conducts business in several countries.
MC natural
multinational company
multiculteral corporation
Several multis
11
What is the trading bloc of European countries called?
Europe Trade Group
European Bloc
Union of Europe Trade
European Union
12
The business activities necessary for creating shipping & selling goods across national borders
international business
multinational activities
goods
international studies
13
This is given to managers before traveling abroad to reduce culture shock
Cross Cultural Training
Local Culture Training
Air Travel Training
Management Training
14
Goods and services bought from another country.
embargo
tariff
exports
imports
15
The organization that helps nations with financial difficulties in paying back loans or imports
International Monetary Fund
World Finance Organization
International Finance Group
World Bank
16
If a United States company is located in the United States the United States is called what?
Trading Bloc
Host Country
Home Country
NGOs
17
If the US buys lots of Fish and Chips from the UK what happens to the value of UK currency
Shrinks
Diminishes
Decreases
Increases
18
Good and services sold to another country
imports
tariff
embargo
exports
19
What theory argues that a nations wealth should be judged by the living standards of its people
Theory of absolute advantage
Living Standard Theory
Theory of nations
Theory of wealth
20
A tax that a government places on certain imported products.
tarin
tariff
tax
cents
21
international trade theory says that trade shouldn’t be regulated or restricted by governments
Theory of governments
Theory of absolute advantage
Theory of free trade
Theory of trade
22
The headquarters of Coca-Cola would be called what?
Coca-Cola Firm
Local Firm
Global Firm
Parent Firm
23
This trade theory supports maximizing exports through subsidiaries
NGOs
Export Trade Theory
Mercantilism
Accumulation Theory
24
If the United States limits the number of Japanese cars imported to 10,000 it has done what?
Placed an Embargo
Placed a Tariff
Formed a NGO
Placed a Quota
25
The average pay in foreign firms located in the US is higher than for similar jobs in US firms
False
True
26
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
27
The United States is doing what when they buy fruit shipments from Brazil?
Exporting
Dumping
Embargo
Importing
28
About how many Americans work abroad for American or foreign firms?
Under 100,000
Over 150,000
Under 50,000
Over 1,000,000
29
If the US sells cars in Japan at a much lower price than most cars in Japan it is doing what?
Price-Dropping
Tariff
Dumping
Embargo
30
The current account and capital account are part of the …
Capital Account
Current Account
International Accounts
Balance of payments
31
This international trade theory states that a nation’s wealth depends on accumulated wealth
Wealthism
Mercantilism
Accumulation Theory
Trading Bloc
32
This is based on the ability of a nation to produce a good more efficiently than another nation
Theory of production
Theory of efficiency
Theory of nation advantage
Theory of absolute advantage
33
If a company has production or service facilities in a foreign country that country is called?
Host Country
Trading Bloc
Home Country
NGOs
34
The United States is doing what when they sell shipments of cars to Europe?
Importing
Dumping
Exporting
Embargo
35
What is the main reason for the growth of international business?
Trade Alliances
Peace
United States
Profit
36
Development of what has stimulated global trade and investment?
Trading Blocs
Tariffs
Air Travel
NGOs
37
Stopping the importing or exporting of a certain product or service
quit
embargo
quota
balance of trade
38
Most effective international managers are sent from the businesss headquarters in a diff nation
True
False
39
The potential for sales abroad does what to the overall size of the market?
shrinks
diminishes
decreases
increases
40
The difference between a country's total payments to other countries
balance of dollars
balnace of trade
balance of payments
balance of countries
41
Which is not a good quality of international managers?
Social flexability
Social inflexability
Global Adaptability
Communication
42
If the US is importing a more goods and services than they export they have a deficit in what?
Current Account
Import Account
Export Account
Capital Account
43
If the United States refusing to do business which Cuba it has placed what on Cuba?
Tariff
Embargo
Trading Bloc
Sanctions
44
Which is a main reason for a company to enter the international market?
Changes in the domestic market
Desires for domestic locations
Desire for foreign locations
Changes in the international market