stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Leaving Certificate Business Unit 7 Flashcards | StudBud
Explore
/
Leaving Certificate Business Unit 7
Irish Lamb sold in France
What does WTO stand for?
Leaving Certificate Business Unit 7
28 terms
·
StudBud Administration
·
385 plays
#LCBusiness #Unit7 #EU #Globalisation
Flashcards
28 cards
F
Practice quiz
P
Host live
L
Questions
28
Answers
1
What does WTO stand for?
World Trading Organisation
World Trade Organisation
World Tractor Organisation
World Traders Organisation
2
Irish Lamb sold in France
Invisible Export
Visible Import
Visible Export
Invisible Import
3
The goal of the World Trade Organisation (WTO) is to reduce protectionism and allow free trade.
True
False
4
The price of one currency expressed in terms of another currency.
Economic Growth
Inflation Rate
Exchange Rate
Interest Rate
5
Calculate the Balance of Trade
€200m Surplus
€200m Deficit
6
Customs Duty is a tax on goods imported from outside the European Union. True or False
False
True
7
Find the missing Visible Imports figure.
€115 billion
115 billion
€65 billion
65 billion
8
Greek cheese sold in Ireland
Visible Import
Invisible Export
Invisible Import
Visible Export
9
Global businesses see the world as 1 market & use a global marketing mix to sell a --- product.
Single
Standardised
Strategic
10
Which of the following is not a Policy of the EU?
Common Fisheries Policy
European Consumer Policy
European Monetary Policy
Common Agricultural policy
11
Exchanges rates refer to the price of one currency expressed in terms of another currency.
True
False
12
Which EU Decision Making body is represented by the letter A?
The European Commission
Council of the EU
The European Parliment
13
Which one is not an example of a Global Business?
Facebook
Coca Cola
Marks and Spencers
Apple
14
Justin Timberlake plays a concert in the O2 Dublin
Visible Import
Invisible Export
Visible Export
Invisible Import
15
Indigenous firms are foreign owned firms located in Ireland.
True
False
16
What does ECB stand for?
European Competition Bureau
European Consumer Bureau
European Central Bank
17
Increase in the value of goods and services produced in an economy from one year to the next.
Interest Rate
Economic Growth
Inflation Rate
Exchange Rate
18
Which EU Decision Making body is represented by the letter C?
The European Commission
Council of the EU
The European Parliment
19
Which EU Decision Making institution is missing? The EU Commission,The European Parliament, ??
The Council of Ministers
The European Court of Justice
The European Court of Auditors
20
Is measured by the Consumer Price Index (CPI).
Inflation Rate
Interest Rate
Exchange Rate
Economic Growth
21
The cost of borrowing money.
Economic Growth
Inflation Rate
Exchange Rate
Interest Rate
22
Which EU Decision Making body is represented by the letter B?
The European Commission
Council of the EU
The European Parliment
23
Inflation refers to the decrease in the cost of living from one year to the next. True or False
True
False
24
Find the missing Balance of Trade figure.
€35 billion Surplus
€35 billion Deficit
25
Find the missing Visible Exports Figure.
€140 billion
140 billion
€80 billion
80 billion
26
Australian tourists in Ireland for ‘The Gathering 2013’
Invisible Import
Invisible Export
Visible Export
Visible Import
27
Kodaline performing a concert in Berlin is an example of a ________________.
Visible Export
Visible Import
Invisible Export
Invisible Import
28
Indicate which government body is responsible for further education and training.
SOLAS
IDA - Industrial Development Authority