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BBB4M Chapter 7 MC Flashcards | StudBud
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BBB4M Chapter 7 MC
BBB4M Chapter 7 MC
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Int Bus Chapter 7 Multiple Choice
Flashcards
22 cards
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Practice quiz
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Questions
22
Answers
1
Cell phones, Internet services, faxing capabilities, and telex systems are all
financial services
international agencies
government services
communication systems
2
Bank document assuring that a bus has enough funds on deposit to cover an int transaction
line of credit
letter of credit
money order
bank draft
3
According to John Gruetzner, a career in international consulting requires
knowledge of international business practices
fluency in a variety of foreign languages
all of the above
expertise in one or more foreign cultures
4
The standard that deals with size of goods is classified as a(n)
quality standard
service standard
production standard
ethical standard
5
The term used for the tax that the government of Canada levies on imports is
tariff
excise tax
levy tax
import tax
6
A common cause of failure in international marketing is which of the following?
too much time spent researching the target market
all of the above
miscalculation of distribution channel of the target market
too much effort trying to understand target market culture
7
An organized campaign to refuse to buy products from an erring company or country is a
demonstration
march
refusal
boycott
8
A business that ignores international sizing, packaging & labelling differences is ignoring
marketing
infrastructure
standards
costing
9
Which of the following currency ratings is the lowest?
BB
B
AA
BBB
10
The potential Chinese market is
3.1 billion people
1.3 million people
3.1 million people
1.3 billion people
11
Charges for the transportation of goods includes which component?
the shipment method
all of the above
the freight forwarder
the volume of the goods
12
In a transaction between an importer & an exporter, the bank that represents the importer is
issuing bank
holding bank
chartered bank
advising bank
13
A business that fails to research and analyze its target customers is ignoring
infrastructure
standards
marketing
costing
14
At an exchange rate of $1.41 Canadian, how many Canadian dollars purchase $5000 U.S.?
$5,500
$5,700
$7,500
$7,050
15
The large-scale public systems, services & facilities needed for economic activity are called
economic development
public services
infrastructure
public works
16
A business that fails to consider currency exchange rates and import charges is ignoring
infrastructure
costing
standards
marketing
17
The Canadian dollar is widely accepted on the foreign currency exchange market because it is
paper currency
hard currency
soft currency
all of the above
18
Translation services, interest charges, metric labelling requirements&local taxes are part of
retail value
the importer’s fee
hidden costs
the exporter’s fee
19
Which of the following is the 1st question a business should ask before importing or exporting?
How much will I make?
Can I get a letter of credit?
Will anyone buy it?
Is there a tariff?
20
Which one of the following agencies ensures that goods entering Canada are labelled correctly?
Canadian Agricultural Products Agency
Canada Customs and Revenue Agency
Weights and Measures Agency
Consumer Packaging and Labelling Agency
21
Which aspect of the government of some countries discourages companies trying to do business?
public services
promotional campaigns
historical preservation
bureaucracies
22
The standard that deals with different values and beliefs is classified as a(n)
ethical standard
quality standard
production standard
service standard
