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POBF - 5.03 Review Flashcards | StudBud
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POBF - 5.03 Review
POBF - 5.03 Review
18 terms
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StudBud Administration
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Review of 1.03 Global Business
Flashcards
18 cards
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Practice quiz
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Questions
18
Answers
1
Who is this?
John Roberts, President of the IMF
I have no clue
John Roberts, Chief Justice of the Supreme Court
John Roberts, the head of the Federal Reserve Bank
2
Where are the World Bank headquarters?
Beijing
Washington D.C.
Rome
Paris
3
Mexico limits the amount of imported corn to protect its own industry. This is an example of?
embargo
tariffs
quotas
free trade zone
4
Burundi has a heavy agricultural industry & poor infrastructure. This would be classified as?
geography
cultural influences
economic develpment
political & legal concerns
5
The U.S. has placed a ban on all rugs from Iran. This is an example of?
tariff
free trade zone
quota
embargo
6
If Russia has rising interest & inflation rates, then the currency influence factor would be?
political stability
balance of trade
economic conditions
balance of payments
7
Aruba is known for its awesome beaches. It can provide vacations at low cost. This advantage is
absolute
competitive
comparative
dual
8
The government of the UK allows consumers to control decision making for all purchases. This is
geography
cultural influences
economic development
political & legal concerns
9
France has shown it can produce more grapes with less human resources. This is an example of?
competitive advantage
dual advantage
absolute advantage
comparative advantage
10
Alaska produces more salmon than any other US state that exports. This advantage is?
dual
absolute
competitive
comparative
11
Leaders of Europe are negotiating trade throughout the eastern region. This is an example of
tariff
free trade zone
embargo
common markets
12
Spain has set up duty-free shops in tourist areas. This is what kind of international trade?
embargo
tariff
free trade zone
free trade agreement
13
U.S. terrain allows for major production of soybeans. Under which factor is this classified?
geography
political & legal concerns
economic development
cultural influences
14
Joe travels to Japan but first learns about business behavior there. This is an example of?
cultural influences
political & legal concerns
economic development
geography
15
7 Eleven gave the rights to a company in Canada to sell its products. This is an example of
franchising
chain
licensing
joint venture
16
Which organization might assist in settling a trade dispute between countries about soybeans?
IMF
WTO
Joint venture
World Bank
17
The IMF stands for?
International Manufacturing Fund
In My Fraternity
I May Fail
International Monetary Fund
18
Which statement is true about balance of payment?
Favorable when a country receives more $$ than it pays out.
favorable when a country pays more $$ than it receives.
favorable when a company receives more $$ than it pays out.