Business exam study

Hofstede wrote about cultural dimensions.

Learning inputs are part of the definition of economies of scale.

The peak stage, as part of the business cycle is when hiring and spending is declining.

A ____________ activist casually researches causes and world problems

 International currency exchange rates display

 Select the answer that is NOT a factor of Canadian business competitiveness:

An innovation is a totally new product.

Select the item that is NOT a type of Political Risk

Champlain was the first European to land on the shores of Newfoundland in the late 1400’s.

Hofstede rated this country as being ‘masculine’:

CUSMA is an example of this type of trade deal:

International time is measure as being ahead or behind of the time in:

By the 1700 & 1800’s, the Canadian economy became ____________ on other countries for trade, including the US.

Increasing your knowledge of foreign cultures, languages and ideas, as part of preparing the international workplace is

Importing: Companies bringing in products to satisfy the consumers in their own country.

A group's rules or code of ethics is only acknowledged if it is written down

Select the response that is NOT part of how a market economy answers the four economic questions:

Subsidies are taxes levied on imported goods for the purpose of raising their selling price

The EU was created because:

During the last Century, Canada’s economy moved from ______________ to _________________.

In Japan, western clothes are often worn, but on special occasion, women may wear:

 Hyperinflation occurred in this country in the 1920’s:

Good infrastructure is just one aspect of many advantages of doing business in Canada

PPP and inflation are measured by tracking the prices of the basket of goods

Developing countries will do comply with almost any request by America, in order to obtain the _________ status:

 Canada has pegged its dollar, CAD, to the USD (US Dollar)

The key development an electricity grid requires in a developing country is to:

The early European trade with Canadian Indigenous people, featured this product:

Foufou Dog has outsourced all of their products to be assembled in Argentina because:

Spatial perception for different cultures is based only on how people shake hands.

Understanding the way business is done in another country, is a challenge of exporting

Culture is specifically described as being different based on food, language and religion.

Nike and McDonald's are examples of an MNC’s

 Outsourcing is paying another company to do perform tasks or services for your company.

Australia has high levels of individualism.

_____________________ ‘uses information to create marketing campaigns that appeal to specific cultures

Showing the soles of your shoes in the Middle East is a sign of respect.

OPEC was formed by:

This marketing strategy focuses its efforts on wholesalers and retailers:

Off-grid electric programs are becoming more popular in different parts of Africa.

Most of the money in the economy is credit & not ‘actual’ cash/money

Canada has a high power distance.

________________ is the total value of goods produced and services provided in a country during one year.

This country would be considered a ‘least-developed’ country:

RBC is an example of a schedule __ bank:

A step in exporting a good, includes agreeing to sales terms

Canada would like to increase free trade with Japan. This would fall under the following free trade deal:

Rationalization includes any attempt to increase a company’s effectiveness or efficiency.

An economic system is the type of government by which a country is run.

Select the country that would be considered a ‘mixed economy’:

Wealth is most often measured by income, savings and other assets.

JIT Inventory management was impacted by the 9/11 attacks.

 In Saudi Arabia, five times a day, people stop to:

Polychronic people work to establish trust and tend not to focus on formal acts or activities

The original or first, international trade route was called:

The GDP Formula is:

‘Job Jumping’ is seen as being a risky choice, as part of having an international career.

Society expects businesses to care for people, the environment and the community. This is known as:

Select the following option that is NOT a reason for change as stated in class:

Team Canada’ is used by Canadian sports teams, but is also used as a Government mission, to help to grow Canadian:

After WWII, the US became a superpower because:

Select the response that is not part of the definition of economies of scale

In international trade, jobs often move to countries with less strict laws on manufacturing and waste disposal

China is the main ‘powerhouse’ in this free trade agreement:

During the Middle Ages, taxes on goods were:

Economies of scale indicates the more goods that are made or purchased, the higher the price of each unit.

Non-verbal communication is closely related to cultural norms of space.

Trade barriers can be used to protect cultural industries or national identities

Guilds only controlled agricultural products.

Select the response that is NOT part of the IMF's original aims

Quotas are numerical limits placed on imported goods

Select the option that is NOT currently a barrier to international trade

Spain introduced the slave trade to the Americas.

The short term debt cycle is driven by

The IMF’s roles include:

A quota is an example of a tariff, or import duty

The Bank of Canada's (central bank) main functions are to set lending rates and to print money

One drawback of democracy is

A trade deficit is good for a country’s economy when

Self-sufficiency:when a country provides everything its people need to live without having to trade with other countries

During the ‘Early Trade’ phase, primarily highly processed or refined goods, were traded around the Mediterranean.

 This free trade deal will give Canada improved access to the Japanese market:

 Credit is spent just like actual cash/money, during a transaction

the business environment, even a small business is competing with international businesses.” example of Canadian busines

In the Middle East, men should not shake a woman’s hand unless it is offered.

‘Communes’ are somewhat self-sufficient

The FTAA was the free trade agreement signed in 1993 for Canada, the US and Mexico.

Deleveraging is:

Select the option that is NOT part of the Logistics definition:

Which of the following is NOT a reason for growth in international trade/business:

This changed international trade in Canada, eliminating jobs for many Canadian Indigenous people:

The GM car, the Nova, was translated in Spanish to come out as:

Canada has a low IDV count.

Transfer Risk is when government policy may adversely affect currency rates.

_____________ is the right balance of printing money and paying debt is achieved, balance deflation and inflation

Clariol’s ‘Mist Stick’, curling iron was a success when it was translated into German and sold in Germany.

Estonia is seeing a steady rise in the cost of goods in the country. Economists would say that this is:

Japanese TV commercials are often crude and include stereotypes.

Canada (and its Provinces) provide signification public sector investment into education

Cultures with short-term orientation, value changes that happen over an extended period of time.