What Determines Exchange Rates?

The foreign exchange market's supply and demand

What is the definition of currency?

A system of money used in a country

What is a trade deficit?

When a country has more imports than exports

Items bought from other countries

A limit for the amount of imported products

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Business Final Unit 7 Review

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Unit 7- International Business

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Questions 15

Answers

1
What allows 2+ companies to share raw materials, shipping facilities, or production activities?
Licensing
Quotas
Franchise
Joint Venture
2
Which of these elements do not fall under a business' geographical concerns?
language
climate
location
seaports
3
"Location" goes under which of the following factors in the international business environment?
Place of time
Time of place
Geography
Cultural influences
4
What Determines Exchange Rates?
the currency value in any market
The foreign exchange market's supply and demand
trump
me
5
What is an example of infrastructure?
The device you're using to answer this question
The last test you took
Roads
Ms. Sawicki's lunch
6
What is the definition of currency?
Shipping goods across certain geographical barriers.
The act of hiring people from other countries
A system of money used in a country
The difference between a country's expenses and profits
7
As of 2015, how many secured international licenses are there?
75
Who knows?
150
166
8
The U.S. taxes all maple syrup coming into the US from Canada. What is this an example of?
Embargo
Tariff
Quota
License
9
What is a trade deficit?
When a country has more imports than exports
When a country exports more than it imports
Goods and services that are sold to other countries
Items that are bought from other countries
10
Which is NOT a benefit of MNCs?
Companies find lower taxes in other countries
Large amount of goods available
Consumer dependence
Friendly international relations
11
What is usually located around airports or seaports?
trade-free zones
Burger King
this is the right answer
FDIC establishments
12
Which of the following is a economic factor?
Customs
Language
Infrastructure
Climate
13
What term pertains to business that happens within a country?
Outsourcing
interstate business
Domestic business
International business
14
What are imports?
Goods and services that are sold from other countries.
All of the above
Where ships stay
Items bought from other countries
15
What is a quota?
Stopping the export or import of a product
A tax that governments use to control elements of trade
A limit for the amount of imported products
Allowing illegal products to be imported

Business Final Unit 7 Review Flashcards | StudBud