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(Old) POB Review of 1.03 Flashcards | StudBud
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(Old) POB Review of 1.03
(Old) POB Review of 1.03
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Review of 1.03 Global Business #abuaita #pob #ucps #business ncpobold
Flashcards
18 cards
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Questions
18
Answers
1
Who is this?
I have no clue
John Roberts, Chief Justice of the Supreme Court
John Roberts, President of the IMF
John Roberts, the head of the Federal Reserve Bank
2
The government of the UK allows consumers to control decision making for all purchases. This is
political & legal concerns
economic development
cultural influences
geography
3
The IMF stands for?
International Manufacturing Fund
International Monetary Fund
I May Fail
In My Fraternity
4
Leaders of Europe are negotiating trade throughout the eastern region. This is an example of
tariff
embargo
common markets
free trade zone
5
If Russia has rising interest & inflation rates, then the currency influence factor would be?
political stability
balance of payments
economic conditions
balance of trade
6
Mexico limits the amount of imported corn to protect its own industry. This is an example of?
tariffs
free trade zone
embargo
quotas
7
U.S. terrain allows for major production of soybeans. Under which factor is this classified?
political & legal concerns
economic development
cultural influences
geography
8
7 Eleven gave the rights to a company in Canada to sell its products. This is an example of
chain
joint venture
licensing
franchising
9
Alaska produces more salmon than any other US state that exports. This advantage is?
absolute
competitive
comparative
dual
10
Where are the World Bank headquarters?
Washington D.C.
Rome
Beijing
Paris
11
Which statement is true about balance of payment?
Favorable when a country receives more $$ than it pays out.
favorable when a company receives more $$ than it pays out.
favorable when a country pays more $$ than it receives.
12
France has shown it can produce more grapes with less human resources. This is an example of?
absolute advantage
competitive advantage
dual advantage
comparative advantage
13
The U.S. has placed a ban on all rugs from Iran. This is an example of?
embargo
quota
tariff
free trade zone
14
Spain has set up duty-free shops in tourist areas. This is what kind of international trade?
free trade agreement
free trade zone
tariff
embargo
15
Joe travels to Japan but first learns about business behavior there. This is an example of?
geography
cultural influences
economic development
political & legal concerns
16
Aruba is known for its awesome beaches. It can provide vacations at low cost. This advantage is
comparative
competitive
dual
absolute
17
Burundi has a heavy agricultural industry & poor infrastructure. This would be classified as?
political & legal concerns
cultural influences
geography
economic develpment
18
Which organization might assist in settling a trade dispute between countries about soybeans?
WTO
IMF
World Bank
Joint venture