Business exam study

CUSMA is an example of this type of trade deal:

In Japan, western clothes are often worn, but on special occasion, women may wear:

Canada has a high power distance.

the business environment, even a small business is competing with international businesses.” example of Canadian busines

The FTAA was the free trade agreement signed in 1993 for Canada, the US and Mexico.

 Outsourcing is paying another company to do perform tasks or services for your company.

Increasing your knowledge of foreign cultures, languages and ideas, as part of preparing the international workplace is

 Credit is spent just like actual cash/money, during a transaction

The early European trade with Canadian Indigenous people, featured this product:

Champlain was the first European to land on the shores of Newfoundland in the late 1400’s.

A quota is an example of a tariff, or import duty

Showing the soles of your shoes in the Middle East is a sign of respect.

Canada would like to increase free trade with Japan. This would fall under the following free trade deal:

Developing countries will do comply with almost any request by America, in order to obtain the _________ status:

Select the country that would be considered a ‘mixed economy’:

An economic system is the type of government by which a country is run.

Polychronic people work to establish trust and tend not to focus on formal acts or activities

Off-grid electric programs are becoming more popular in different parts of Africa.

PPP and inflation are measured by tracking the prices of the basket of goods

Most of the money in the economy is credit & not ‘actual’ cash/money

 International currency exchange rates display

Team Canada’ is used by Canadian sports teams, but is also used as a Government mission, to help to grow Canadian:

Select the following option that is NOT a reason for change as stated in class:

Economies of scale indicates the more goods that are made or purchased, the higher the price of each unit.

 Hyperinflation occurred in this country in the 1920’s:

The GM car, the Nova, was translated in Spanish to come out as:

Society expects businesses to care for people, the environment and the community. This is known as:

Estonia is seeing a steady rise in the cost of goods in the country. Economists would say that this is:

Spatial perception for different cultures is based only on how people shake hands.

 Select the answer that is NOT a factor of Canadian business competitiveness:

This marketing strategy focuses its efforts on wholesalers and retailers:

After WWII, the US became a superpower because:

An innovation is a totally new product.

Spain introduced the slave trade to the Americas.

RBC is an example of a schedule __ bank:

Self-sufficiency:when a country provides everything its people need to live without having to trade with other countries

Canada (and its Provinces) provide signification public sector investment into education

Japanese TV commercials are often crude and include stereotypes.

In international trade, jobs often move to countries with less strict laws on manufacturing and waste disposal

This changed international trade in Canada, eliminating jobs for many Canadian Indigenous people:

Transfer Risk is when government policy may adversely affect currency rates.

Nike and McDonald's are examples of an MNC’s

A trade deficit is good for a country’s economy when

A ____________ activist casually researches causes and world problems

During the last Century, Canada’s economy moved from ______________ to _________________.

Canada has a low IDV count.

Hofstede rated this country as being ‘masculine’:

_____________ is the right balance of printing money and paying debt is achieved, balance deflation and inflation

During the Middle Ages, taxes on goods were:

During the ‘Early Trade’ phase, primarily highly processed or refined goods, were traded around the Mediterranean.

A group's rules or code of ethics is only acknowledged if it is written down

The IMF’s roles include:

Select the response that is NOT part of the IMF's original aims

Subsidies are taxes levied on imported goods for the purpose of raising their selling price

JIT Inventory management was impacted by the 9/11 attacks.

Select the response that is not part of the definition of economies of scale

Wealth is most often measured by income, savings and other assets.

Importing: Companies bringing in products to satisfy the consumers in their own country.

Cultures with short-term orientation, value changes that happen over an extended period of time.

________________ is the total value of goods produced and services provided in a country during one year.

By the 1700 & 1800’s, the Canadian economy became ____________ on other countries for trade, including the US.

International time is measure as being ahead or behind of the time in:

_____________________ ‘uses information to create marketing campaigns that appeal to specific cultures

Culture is specifically described as being different based on food, language and religion.

Clariol’s ‘Mist Stick’, curling iron was a success when it was translated into German and sold in Germany.

Hofstede wrote about cultural dimensions.

Guilds only controlled agricultural products.

The original or first, international trade route was called:

The Bank of Canada's (central bank) main functions are to set lending rates and to print money

The short term debt cycle is driven by

The peak stage, as part of the business cycle is when hiring and spending is declining.

OPEC was formed by:

Rationalization includes any attempt to increase a company’s effectiveness or efficiency.

Australia has high levels of individualism.

Quotas are numerical limits placed on imported goods

‘Communes’ are somewhat self-sufficient

One drawback of democracy is

‘Job Jumping’ is seen as being a risky choice, as part of having an international career.

 Canada has pegged its dollar, CAD, to the USD (US Dollar)

Select the item that is NOT a type of Political Risk

The GDP Formula is:

The key development an electricity grid requires in a developing country is to:

Which of the following is NOT a reason for growth in international trade/business:

In the Middle East, men should not shake a woman’s hand unless it is offered.

Foufou Dog has outsourced all of their products to be assembled in Argentina because:

This country would be considered a ‘least-developed’ country:

Deleveraging is:

Non-verbal communication is closely related to cultural norms of space.

 In Saudi Arabia, five times a day, people stop to:

A step in exporting a good, includes agreeing to sales terms

China is the main ‘powerhouse’ in this free trade agreement:

Understanding the way business is done in another country, is a challenge of exporting

Select the option that is NOT currently a barrier to international trade

Select the option that is NOT part of the Logistics definition:

Select the response that is NOT part of how a market economy answers the four economic questions:

 This free trade deal will give Canada improved access to the Japanese market:

Learning inputs are part of the definition of economies of scale.

The EU was created because:

Good infrastructure is just one aspect of many advantages of doing business in Canada

Trade barriers can be used to protect cultural industries or national identities