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

Transfer goods to a location in the warehouse

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

Initial costs for a country to adopt a common currency

What are the 4 phases of a business?

recession, trough, peak, expansionisn

One advantage of a business taking on a culturally relative mindsetwould be:

Less change and adjustment as a business going abroad

The supple chain is made up of the following network:

Manufacturer, wholesaler, distributor, retailer

What of the following is true about the Euro?

All members must adopt the currency

studbud

Business Exam

204 termsStudBud Administration18 plays

Imported from external platform

Flashcards204 cardsFPractice quizPHost liveL

Questions 204

Answers

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

Business Exam Flashcards | StudBud