Once goods are transported to warehouse and received the nextstep in warehousing process is to:

Transfer goods to a location in the warehouse

Asia-Pacific Economic Cooperation

The supple chain is made up of the following network:

Manufacturer, wholesaler, distributor, retailer

Implementing new software, designing new currency, etc. are examples of what?*

Initial costs for a country to adopt a common currency

studbud

Business Exam

204 termsStudBud Administration18 plays

Imported from external platform

Flashcards204 cardsFPractice quizPHost liveL

Questions 204

Answers

1
When the leaders of the G8 and G20 gather what is it called
party
peak
gathering
summit
2
Once goods are transported to warehouse and received the nextstep in warehousing process is to:
None of the above
Pick order for customers purchasing items from warehouse
Load goods for shipment out of warehouse
Transfer goods to a location in the warehouse
3
Mr. Kirkby takes teaching skills to UK. Example of what?
Importing a service
exporting a good
importing a good
exporting a service
4
Short term financial gain is a benefit of
direct investment
joint ventures
strategic alliance
portfolio investment
5
the world Bank strives for
global market
world free of poverty
global economy
world free of trade
6
A nike commercial that uses motivational speech, motivating based on what maslow need*
self-actualization
social
safety
physiological
7
Which of the following is not a good characteristic for someone to work abroad
culturally aware
impatient
adaptable
interpersonal skille
8
Peanut butter has issues traveling internationally. What P has the biggest issue?
Promotion
Price
Place
Product
9
Website teams up with an analytics company, example of what?
direct investment
strategic alliance
joint ventures
Franchising
10
changes are made for foreign market to understand your market strategy,this strategy works best
Centralized
Localized
Decentralized
Brand Acquistion
11
The TPP will change the importance of what agreement with Canada?
WTO
The EU
G8
NAFTA
12
distinguishing proprietary name, symbol or trademark that differentiates a particular product/s
license
brand
royalty
copyright
13
What product did the US almost exclusively purchase from Canada, but now buys from Mex
lentils
corn
tomato
wheat
14
strategic alliance is different from a joint venture in what way?
less commitment
long term agreement
all of the above
Involves direct investment
15
How many countries were a part of the EU by 1993?
12
20
13
21
16
Dragons den, CAN tv show is broadcasted in UK. Example of what?
importing a service
exporting a service
exporting a good
importing a good
17
APEC stands for
Asia-Pacific Economic Cooperation
Asia-Pacific Economic Corp
18
the removal of legal restrictions from free markets is called
deregulation
economic catalyst
decriminalization
decentralization
19
India is vital to Canadian agriculture because
#1 export
they need wheat
Canada can't export anywhere else
they require pulse crops
20
What is an advantage of a common currency?
easy billing
loss of national control
initial costs
increases national control
21
This is the process where goods or services brought into a country
exporting
importing
franchising
trading
22
The process of guarding domestic industries and economies is called
nationalization
gov defences
guardianship
protectionism
23
The supple chain is made up of the following network:
Manufacturer, warehousing, distributor, retailer
Manufacturer, wholesaler, distributor, retailer
None of the above
Manufacturer, retailer, distributor, consumer
24
State of being anxious,uncomfortable,need of information & advice is what cross cultural stage
Reality
Confusion
Small victories
Honey moon
25
Type of trade barrier may be placed for health, economic, political reasons*
duty
tariff
boycott
quota
26
When a rebalance occurs and one is able to enjoy the new culture, what stage of cross culture?
honeymoon
anger
small victories
reality
27
Not having to commit any resources to the production of your product is an advantage to...
Joint Venture
Franchise
contract management
none of the above
28
preference of an employer to use its own workers, both at home and abroad is referred as
polycentric management
none of the above
ethnocentric management
geocentric management
29
Implementing new software, designing new currency, etc. are examples of what?*
Initial costs for a country to adopt a common currency
Issues that prevent most countries from adopting a common $
Small initial costs that do not outweigh the advantages
Advantages to adopting a common currency
30
__ refers to a situation where there is a limited amount of particular resource
inventory
sacred
scarcity
abundant
31
The study of how a society chooses to use resources to produce of consumption
law
finance
economics
business
32
common phrase"think global,act local can be attached to what marketing strategy?
Centralized
Push
Decentralized
Pull
33
Which of the following is a concern when considering doing business internationally
Fashion Barriers
Trade Barriers
All of the above
People barriers
34
geber baby food made a mistake by selling its product with a baby on the packaging in Africa
Not consider ethnicity of the baby represented
Not consider low literacy rate
not consider language barrier
Campaign was fine in Afica
35
Indonesia gov is
dictatorship
none of the above
communist
democracy
36
The marketing strategy that sells to end consumers and uses advertising as a main component is:
Push
Pull
Decenttralized
Centralized
37
a main goal of any trade agreement is to
all the above
establish terms of trade
encourage foreign investment
eliminate trade barriers
38
Mr. Kirkby drops phone in USA and gets it fixed at a local repair shop. Example of what?
exporting a service
importing a good
exporting a good
Importing a service
39
This is a person in a company who exposes the misdeeds and unethical behaviour of others:
whistle blower
rat
hot air blower
snitch
40
Countries with semi-presidential system?
Russia & Egypt
Egypt
China
Russia
41
India will surpass China in pop. size in the next 20 yrs
false
true
42
Mexico has seen the disadvantages of NAFTA through:
losses to agricultural industry
increased pollution
there's no disadvantages
both a and b
43
Car brand is from US in a foreign advertisement.a way of enticing local consumers is an example
Localization
Country of origin effect
Endorsement
Exploitation
44
Why should Canada be concerned about India?
Canadians will go to their farm
Large pop to sell to
Major producer of wheat
India is in need of high proteins
45
The reason the beef and pork industry will do so well under the TPP is:
Export to Japan and Vietnam
import diff products from countries
Those industries won't benefit
Canada has advantage with beef & pork
46
The measure of economic well being based on ability of people to buy the goods & services is
Quality of work
quality of living
Standard of living
Gross Domestic Product
47
This is an agreement enabling a 3rd party to sell or provide services owned by a manufacturer
exporting
importing
trading
franchising
48
Democracy is good for business because assumes economy is
conservative
free market
in a recession
controlled by gov
49
ensure your company's message is not misrepresented in the local country this approach is best:
Decentralized
Franchising
Advertising
Centralized
50
underdeveloped economy is characterized by
high levels of employment
abundance of physical poroducts
lack of capital
low savings rate
51
The preference of an employer to hire only the best managers, regardless of citizenship
ethnocentric management
polycentric management
geocentric management
non of the above
52
Mcdonalds international franchise uses_strategy when it comes to its menu + _to the brand image
Pull/Push
Centralized/Decnetralized
Push/Pull
Decentralized/Centralized
53
___ are direct or indirect financial assitance from gov to company to make more competitiive
subsides
grant transfers
monetary funds
bailout
54
An operation of 2 or more companies sharing ownership is
adventure
joint venture
mixed venture
venture capitalist
55
The following can be considered an external influence on international business
Culture
Politics
All of the above
Economics
56
Which of the following is NOT a reason a company would go international
New markets
None of the above
Profit potential
Low labour costs
57
legal protection for creative ideas, trademarks & other brand related material is a
license
copyright
royalty
brand
58
What type of business conducts business transactions for goods & services in only one country?
successful
International
Domestic
global
59
Canada's greatest benefit of TPP comes with free access to what country?
Japan
New Zealand
USA
Vietnam
60
China's gov is
unstable
stable
61
Expropriation
act of taking over another gov
act of taking over control & ownership foreign company
act of bringing foreign imports into country
62
Article discusses town of Galesburg after what company moved the factory to Mexico
kitchenaid
maytag
whirlpool
63
How can Burger King buying Tim Horton's be a disadvantage to NAFTA?*
less Canadian products being sold
loss of Canadian culture
a and b only
job loss
64
Clothing company that emphasizes its brand as a luxury motivating consumers to buy based on
emotional response
rational thought
survival need
avoidance of pain
65
Brazil is an opportunity for canadian agriculture...
it's not an opportunity for canada
can be a major buyer
we are better farmers
grow similar crops
66
What can brazil produce double of than canada?
wheat
chicken
red meat
corn
67
Canada currently has a balance of trade that is a deficit
true
false
68
Loyalty,Awareness, and familiarity are all a part of the marketing concept know as:
Brand Equity
Brand worth
Brand Awareness
Brand Equality
69
The reason APEC being such an important trade organization is
Involves a lot of countries
it is a competitor of the TPP
accounts for over half of the world population
involves the wealthiest nations in the world
70
Canadian agriculture has to be cautious of trade with Mex because
they are too poor to purchase
none of the above
we rely heavily on Mex
they are too culturally different
71
Brazil is a threat to Canadian Culture because
they are not a threat
pop is increasing
they are better farmers
they grow similar crops
72
Process of examining a given situation in relation to costs associated
opportunity costs analysis
cost-benefit analysis
none of the above
financial risk
73
Low start-up costs are an advantage of a
turnkey operation
franchisor
franchisee
keyless entry
74
advantage of mixed economy
basic social services
higher taxes
motivation to work hard
increased social networking
75
Russia has a president and
prime minister
king
dictator
76
Risk is shared between companies of this type of business model
contract management
joint venture
franchise
patent
77
ex.business/ppl that would distribute itsproduct directly from manufacturer to the consumer is:
outlet store
none of the above
farmer
grocery store
78
Saudi Arabia gov is
theocracy
democratic
secular
communist
79
Which of the following is NOT one of the 4P's that make up marketing?
Packaging
Price
Product
Place
80
A major issue some ppl have had with the G8 is that there is
lack of knowledge
lack of interest
lack of transparency
lack of results
81
Which of the following is NOT a concern when considering doing business internationally
Cultural barriers
Piracy
Fashion Barriers
Language barriers
82
This is an organization that supplies products to retailers onbehalf of a manufacturer:
retailer
wholesaler
distribution
warehouse
83
Trade sanctions are a type of retaliation enforced by a country's
citizens
Economy
Gov
consumers
84
technological dualism is found in what type of ecnomy
developing
industrial
underdeveloped
developed
85
Cost associated w/ taking 1 course of action over another
trade cost
opportunity cost
advantage cost
beneficial cost
86
This is the process of selling goods or providing services to other countries
franchising
importing
trading
exporting
87
What is the country of origin effect for a wine that is from france?
I cant't drink wine
No Effect
Negative
Positive
88
In the terms of suppliers, international business is good because of
Access to raw materials
Profits
Large markets
Low labour costs
89
Coca-Cola, as a company uses, which marketing strategy?
Centralized
Franchising
Both A and B
Decentralized
90
the decrease in manufacturing due to globalization has allowed US to do better in...
technology
raw materials
none of the above
service
91
The following is an example of a Bilateral trade agreement
APEC
NAFTA
Canada-Costa Rica Agreement
WTO
92
What was different about Amazon’s Warehousing process?
Items are put away at radom
It is very organized
It has no computer system
They just throw the books on a conveyer belt
93
A girl lives in Canada the other in India, what demographic assumptions can be made?
education
religion
Lifestyle
all of the above
94
India's economy is emerging as one of the largest in the world
False
true
95
Centralized vs Decentralized before-company decides to expand internationally this is necessar7
A goal
An Idea
A Plan
A Framework
96
China encourages foreign investment
true
false
97
1 issue moving goods from Amsterdam to Budapest before EU was that:*
there are 10 countries to go through
Gas prices change from country to country
It is a long drive
5 different currencies
98
Understanding distribution costs & exchange rates vary when selling overseas, what P?
product
price
place
promotion
99
Tracking a product back to where it originated is the process knownas:
investigating
citing
logisticizing
sourcing
100
Our dairy industry in Canada is protected much like what industry in Japan?
Beef
pork
Seafood
rice
101
The Euro is governed by:
EU
IMF
European Central bank
World Bank
102
How does NAFTA allow North America to be competitive with the rest of the world?*
job creation
Increased GDP
Stronger Military
More access to raw materials
103
A major reason for GB not adopting the Euro is:
loss of tradition
initial costs
tacky colours of the Euro
European Central bank won't allow it
104
The following is an example of a Multilateral trade agreement
APEC
NAFTA
Canada-Costa Rica Agreement
WTO
105
The word best describes what marketing is
selling
buying
image
brand
106
One negative factor regarding the EU is:
wide age gap between member countries
wide gap in languages between member countries
wide gap per person income between member countries
Wide gap between borders
107
China is controlled by what gov
republic
command
monarchy
communist
108
Which is NOT a criteria for joining the EU?
resources to trade
political stability
economic stability
market economy
109
One of these countries is NOT involved in the TPP
Mexico
Bosnia
Malaysia
Chile
110
What are the 4 phases of a business?
recession, trough, peak, expansionisn
recession, trench, crest, expansionisn
111
Sending jobs overseas is a process know as
Outsoucing
Outputting
Trade
Nationalism
112
The difference between a country's exports and and imports is
trade deficit
trade balance
trade ratio
trade difference
113
The term for the exchange of goods & services by different countries is:
International Trade
International Exchange
Foreign Exchange
Bartering
114
The World Trade Organization purpose is to*
all of the above
monitor trade agreements
mediate trade disputes
set rules & regulations on trade
115
What's the TPP enforcing to ensure countries like Brunei & Vietnam comply to standards of trade
non of the above
Labour rules
common currency
sanctions
116
What crop is becoming high in demand in Mex
lentils
tomatoes
wheat
corn
117
document that contains a statement of the nature and value ofgoods being transported is called:
billing of lading
certification of inspection
customs document
certificate of origin
118
What is a disadvantage of licensing your product
limit on how much you will make
interests are shared
large initial costs
all of the above
119
A path that uses middlemen to distribute products from producer toconsumer is known as:
indirect channel of distribution
supply chain management
logistics
direct channel of distribution
120
What is happening between these 2 countries with Brazil's rising economy?
Brazilians have won
good trade balance
poor trade balance
not much change
121
Countries that specialize in what they do best have what type of advantage?
competitive
comparitive
absolute
conditional
122
A purpose of the EU...
lower labor costs
challenge Asia for economic dominance
promote peace
increase tourism
123
The world bank mission statement is
to end poverty
allow more countries to borrow loans at a high interest rate
to increase poverty
peace on earth
124
APEC can be criticized for ____ inequality in member countries
lessening
bettering
benefitting
worsening
125
Time of wonderment,cultural immersion,infatuation is what stage of cross cultural entry adjust.
Honeymoon
Small victories
Anger
Reality
126
Which of the following is a monetary standard that must be met before adopting the Euro?*
all of the above
pubic debt
inflation
exchange rate stability
127
Root cause of sanctions on russia is because of
Crimea
Syria
Greece
turkey
128
Insurance companies motivate consumers to buy their product based on what?
Avoidance of pain
The need for survival
The need for self esteem
The gain of pleasure
129
marketing strategy's main initiative is to keep the company's brand consistent to diff markets
Brand Acquisition
Localized
Decentralized
Centralized
130
Logistics is management of movement,storage and processing ofmaterials and information in the
World
Consumer market
Supply chain
Business sector
131
A characteristic of sustainable market is:
Scalable
All of the above
Eviromental
Long-lasting
132
products at the lowest cost, known as...
blessed factor
competitive advantage
absolute advantage
comparative advantage
133
Saudi Arabias gov system is
communist
monarchy
democratic
republic
134
Canadians are often thought of as having what characteristics internationally?
all of the above
sensitive
polite
comprimising
135
Which of the following is NOT an advantage of licensing
large initial costs
little capital needed to begin
interests are shared
good way to test a foreign market
136
Because free trade implies less taxes Malaysia is concerned about
rubber industry
state owned entreprises
palm oil industry
the private sector
137
Due to the fact that workers can be attained all over the world has led to?
none of the above
Global trade wars
Globalization
domestic employment
138
what liberties give the freedom to develop one's own views & attitudes?
social
civil
civic
political
139
Marketing strategy main initiative is to sell to retailers,wholesalers & not end consumers
Pull
Push
Decentralized
Centralized
140
When materials and goods are kept in a specific building forprotection and storage is called:
sourcing
warehousing
producing
distributing
141
The country in which an international company is head quartered is known as the
Host country
Other country
Domestic country
Home country
142
Although a very poor country Mexico remains important to Canada...
Mex exports a lot to Can
Mexico has salsa
Mex trades exclusively with Can
Mex imports a lot to Can
143
How are russian sanctions affecting canada
farming equip industry hurt
impact of North A. pork market
placed a ban on dairy
not affected canada
144
proportion of income from the sale of a product paid to its creator
royalty
license
brand
copyright
145
if EU and US form a trade agreement what type of trade agreement?
trilateral
unilateral
multilateral
bilateral
146
The person that came up with the pleasure/pain theory was
Maslow
EL James
Thorndyke
Kirkby
147
Newest trade agreement canada has joined is
APEC
TPP
NAFTA
G8
148
What of the following is true about the Euro?
GB will adopt the currency this year
It has been beneficial to all countries involved
All members must adopt the currency
Governed by the World bank
149
Number 1 import and export for Canada is
machinery
gold
cars
oil
150
someone has left their country to live/work aboard either for long period of time or permantly
Traveller
Immigrant
Expatriate
Exile
151
This industry in Canada will be both helped and hurt by the TPP
Beef and Pork
all will be hurt
Dairy
Auto industry
152
Marketing can be thought as anything that goes into a sale of a product other than
Pricing
Distribution
Advertising
Production
153
An ethical dilemma is when a business makes a decision that may beat odds with:
society
employees
all of the above
the environment
154
Strategy CocaCola company has utilized to gain large markets outside their coke drink is?
Brand Development
None of the above
Advertising
Brand Acquistion
155
which of the following is a characteristic of a market economy
supply & demand
private property rights
all of the above
profit
156
A product such as crude oil or a type of mineralwould likely be sold here
warehouse
a retail store
organizational market
the consumer market
157
Cost of living
how much a family must spend to live
cost per person in a household
158
what sector does saudi arabia NOT want companies to invest in
agriculture
manufacturing
petrolium
open to all
159
Canada will largely benefit from the TPP agreement in what industry?
all of the above
Beef and pork
Agriculture
seafood
160
What is 1 main reason for Canada's major spending on G8/G20 summit*
to explain what makes the six
to remain relevant
to show off
to increase trade
161
Egypt's gov is
command
command
communist
republic
162
Canada is involved in the world bank through*
being a stockholder
being a lender
being a borrower
none of the above
163
Principles by which people conduct themselves personally,sociallyand professionally r known as
Business ethics
ettiequte
manners
ethics
164
Benefit of a turnkey enterprise is
buyer chooses the location
operation begins immediately
buyer controls the process
you get a cool key
165
Which of the following is NOT an advantage of a franchise
franchise is proven
product is proven
reduces risk of failure
trademark has been proven
166
The need for name brand boots over a basic pair same quality is what maslow category
safety
self-actualization
physiological
self esteem
167
The foreign country in which an international company operates is known as the
Home country
Host country
Other country
Domestic country
168
This meat is a very important part of our trade with Mexico
beef
pork
chicken
moose
169
An agreement where 2 companies share resources for mutually beneficial reason is a
business
strategic alliance
joint venture
none of the above
170
Which of the following is not a benefit of Canada's relationship with the EU
gain access to cheap labour
gain customers
gain resources and technology
gain access to new trading partners
171
Canada has this system implemented to protect the dairy industry
supply management
fixed pricing
no system exists
no trade clause
172
There is potential growth with the emerging Indian market, however its hindered by
Indians price sensitive nature
indian taste buds
only potential, no risks
indian cultural differences
173
The shift towards a more integrated & interdependent world economy is know as
Globalization
International business
A pipe dream
Socialism
174
This idea of adapting to foreign markets specific wants and needs is known as:
Centralized
Localization
Brand Acquistion
COE
175
Which of the following is NOT a cooperate levelethical issue
child labour
gossip in the workplace
discrimination
unfair pay
176
pure market economy less of?
safety regulation
demands
profit
competition
177
Canada remains competitive with Brazil in the agricultural race through
all of the above
better quality products
transportation systems
low costs
178
Type of business conducts business transactions for goods & services across national boundaries
successful
International
global
Domestic
179
In a supply and demand chat what is the meeting point called
quantity provided
supply and demans
market price
equilibrium
180
Company that adapts to foreign markets specific wants & needs is know as
Cebtralized
Pull
Decentralized
Push
181
Gatorade sells to health conscious, active. This population of ppl can be described as
target market
market
market segment
none of the above
182
Brunei is looking to benefit from the TPP by trading more of what?
rubber
seafood
Beef
oil
183
Turnkey operation is a type of
franchise
alliance
venture
business
184
Who sets the standards for business ethics?
Law
Society
All of the Above
Government
185
Canada's #1 import origin is
China
Mexico
EU
US
186
This industry is benefiting from the TPP in New Zealand
all of the above
Seafood
Fruit
Wine
187
This idea holds the belief that behaviours are absolutely right orabsolutely wrong:
cultural realism
ethics
cultural relativism
ethical imperialism
188
"we like quality & safety regulations"
communist
capitalist
conservative
liberal
189
What does TPP stand for?
Trading Pacific Partnership
Total Participation of the Peoples
Trans Pacific Pact
Trans Pacific Partnership
190
One advantage of a business taking on a culturally relative mindsetwould be:
Less change and adjustment as a business going abroad
Local culture does not change your business process
Provokes conflict with people in host country
More understanding of different cultures
191
Communists tend to be
denocracies
command economies
tribal
religious
192
main characteristic of trade agreements is that they are
flexible
enforceable
reputable
binding
193
Since NAFTA, the USA trade deficit has...
increased
decreased
stayed the same
all of the above
194
limit om the amount of goods allowed to be imported or exported in 1 year
share
allowance
quota
trade allocation
195
Which is a communist country?
Brazil
Saudi Arabia
India
Vietnam
196
an example of licensing is
gov issuing drivers licese
Coke giving a foreign country rights to produce coke
buying pepsi to sell at a charity BBQ
all of the above
197
a disadvantage to being a franchisor would be
slow growth
all of the above
lack of control over franchisee
lose reputation
198
an agreement that has more than 2 parties is known as
unilateral
trilateral
multilateral
bilateral
199
When taking a product to the international market one must consider
possible modifications
all of the above
existing competition
market interest
200
Canada's #1 export destination is
China
mexico
US
EU
201
An outlet through which products/services are sold to customers:
retailer
wholesaler
warehouse
distribution
202
If a busi. wondering if they r violating criminallaw,civil law,policies,they r asking question
is it balanced?
is it rational?
is it right?
is it legal?
203
This article examines the falsehood of what business principle
great risk = great reward
trade is good, more trade is better
eat or be eaten
204
Having little control over manufacturing process in foreign country is a disadvantage of what?
turnkey
franchise
contract management
patent

Business Exam Flashcards | StudBud