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BBB4M Test Review
BBB4M Test Review
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Questions
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Answers
1
Which is not an example of subculture?
Religious
Corporate culture
Culture of Poverty
Drug Culture
2
Which factors should entrepreneurs take into account when doing business overseas?
Lifestyle of people in target nations
Population density in their own countries
Employee well being
Environment in target nations
3
One country can have a comparative advantage over another country with some products but an absolute advantage in others
False
True
4
Who loses from a high Canadian Dollar?
Canadian Retailers
Canadian Travellers
Exporters
Importers
5
Which of the following impacts business overseas?
Climate
Customer satisfaction
Religion
Birth Rate
6
When does currency revaluation occur?
Supply > Demand
Supply = Demand
Demand > Supply
7
Which of the following is not included in an increased exchange rate?
Increase in foreign domestic investment
increase in overseas tourism
Increase in imports
repayment of foreign debts
8
Which of the following is a trade barrier?
Tariffs
Trade embargo
All of the Above
Trade Sanctions
9
Interdependence is the reliance of two or more nations on another for products and services.
False
True
10
What is the main impact on products when culture influences come in?
Climate and religious beliefs
Domestic Markets
Government restrictions in the country
Labour unions
11
Exporting is to bring products or services for use by another business or for resale.
True
False
12
A government limiting the amount of product that can be imported in a certain period of time is called
Trade embargo
Trade quota
Trade Sanctions
Trade Agreement
13
Which industry is explained by this sentence? "The industry that do not make a product or extract resources"
Primary
Fourth Industry
Secondaary
Tertiary
14
What is a domestic business?
Business makes transactions with business in other countries
Customers of a business who live inside of the country it is based
Customers of a business who live outside of the country the business is
Makes transactions within the border of the country it is based
15
Companies who have branch plants or distribution outlets in other countries must have great cultural differences.
False
True
16
Not all countries share Canada's values in terms of labour and workplace. Businesses are different. Which is correct?
Child Labour
Canadian Cultures
Discrimination
Minimum Wages
17
What is not an example of globalization
Religion
International Trade
Countries that manufacture in their own country
Media and Entertainment Distribution
18
A block or restriction on trade with another country is called
Embargo
Quota
Tariff
19
If a business foreign dealings are done domestically what are the required levels of cultural awareness?
A little
Some but not much
None
High
20
A factory owned by a company based in another country
International Business
Branch Plant
Globalization
Franchise
21
Which of the following is a counterculture?
Holidays
Gangster
Languages
Food
22
An example of domestic business is when a person living in Canada buys a German product.
True
False
23
Which one of the four are not in the five ways for a business to be considered international?
Own a retail or distribution outlet in another country
Know the language of the country the business is in
Export to businesses in another country
Own a manufacturing plant in another country
24
Which one is not the correct answer for the benefit of international business to Canadians?
Variety of products to the market
New process and technologies
New markets come in and more job places
Increased foreign ownership of companies in Canada
25
The Canadian government regulates the labour force. Which of the following is regulated by the government?
All of the Above
Workplace safety
Legislative Holidays and Hours of work
Minimum Wage
26
Which country started to trade more after WW2?
Mexico
United States
Japan
European Countries
27
Which of the following is a characteristic of meetings in a monochronic culture?
Often deal with broad concepts
Schedule breaks
None of the above
Anyone with ideas can speak out
