CBM Chapter 3 Review

A(n) _________________ company is an organization that does business in several countries.

The US buys about _______ it's fish and oil from other countries

Selling the right to use some intangible property for a fee or royalty is called

A JV is an agreement among two or more countries to remove duties and trade barriers on products traded among them.

A country in which a multinational company conducts business activities is called the

Foreign _________________ is the amount a country owes to other countries.

Which one of these countries is not involved in NAFTA

A negative or _________________ balance of payments occurs when a country sends out more money than it brings in.

limit that a govt places on the quantity of a product that may be exported or imported during a given period is called a

What has Kenya started exporting over the last decade

A nation with a trade surplus is said to have a favorable trade position

The making, buying, and selling of goods and services within a country is called

When a country has an advantage in more than one area

Which of the following is NOT a cultural/social factor that affects international business

The _________________ rate is the value of a currency in one country compared with the value in another.

______ rate is the cost of using someone else's money

A nation’s transportation, communication, and utility systems is referred to as its _________________ .

A tax that a government places on certain imported products is called a(n)

Goods and services sold to other countries are called

Because of international trade, all nations of the world use the same banking system.

Saudi Arabia has an abolsute advantage in

Which of the following counties has an absolute advantage in coffee production?

The United States conducts trade with more than ____________________ countries

A(n) _________________ is the right to use a company name or business process in a specific way

Items bought from other countries are called

The following is an example of a global strategy

Which of the following scenarios is likely to cause the value of a country’s currency to rise?

Which one of the below is not a trade barrier

When a government completely stops the import or export of a product, it is called a(n)

The difference between a country’s total exports and total imports is called the