BBB Exam 2024

The Canadian dollar is an example of a soft currency

The ability to taste is one of your 5 senses.

Latin America includes Haiti

Interdependence is a nation that relies on themselves for products.

As a general rule, deflation is bad but inflation is worse.

The Canadian dollar has never been stronger than the US dollar over the last 40 years.

The NAFTA deal states that _______ percent of car parts need to be from a member nation to qualify for tariff reductions

The 3rd top expense for most industries is

Touch is one of your 5 senses.

A Laos farmer grows prunes in Chile, and ships them to Canada where they are made into prune juice. Whose GDP is this?

__________ has an absolute advantage in oil.

The financial service sector makes more than the education sector in Canada

The top expense for most industries is

The most important trading nation for Canadian companies in South America is:

The US dollar has never been stronger than the Canadian dollar over the last 40 years.

Over the last 40 years the US dollar has been:

The USMCA deal states that _______ percent of car parts need to be from a member nation to qualify for tariff reductions

Saudi Arabia, in 2014, supported the price of oil dropping below $20

Recently Walmart has been expanding heavily in Portland.

CETA stands for the

The 2nd top expense for most industries is

Recently Walmart has been closing stores in Chicago.

Canada, in 2014, supported the price of oil dropping below $20

Latin America includes Mexico

COGS stands for:

__________ has the largest oil reserves and the most natural resources in the ground in the world.

Interdependence is when 2 or more nations rely on each other for products.

Canada has a _____ exchange rate.

The G7 changed their name to the G8 when Russia was expelled.

Fair trade certified products need to meet a variety of criteria in democratic countries to qualify under fair trade

A trade surplus is when

Hearing is one of your 5 senses.

To rationalize a business, if only 1 location is losing money, one should ALWAYS close that location

America, like Canada, has an export based economy

Chile, like Canada, has an export based economy

An example of VALUE ADDED would be a store taking unsold chicken and adding peppers to it and then reselling it for more

An example of VALUE ADDED would be mini wheats adding maple flavour to their cereal.

The ability to smell is one of your 5 senses.

The Russian Rouble is an example of a hard currency

Seeing is one of your 5 senses.

Interdependence only relates to semi finished goods.