Business exam study

This marketing strategy focuses its efforts on wholesalers and retailers:

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

After WWII, the US became a superpower because:

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:

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

Select the item that is NOT a type of Political Risk

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

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

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

RBC is an example of a schedule __ bank:

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

A ____________ activist casually researches causes and world problems

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

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

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

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

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

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

Canada has a high power distance.

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

Hofstede wrote about cultural dimensions.

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

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

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

Spain introduced the slave trade to the Americas.

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

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

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

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

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

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

Australia has high levels of individualism.

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

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

The original or first, international trade route was called:

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

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

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

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

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

Japanese TV commercials are often crude and include stereotypes.

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

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

During the Middle Ages, taxes on goods were:

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

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

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

Guilds only controlled agricultural products.

The EU was created because:

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

CUSMA is an example of this type of trade deal:

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

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

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

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

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

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

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

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

The IMF’s roles include:

Hofstede rated this country as being ‘masculine’:

Quotas are numerical limits placed on imported goods

Deleveraging is:

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

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

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

An innovation is a totally new product.

‘Communes’ are somewhat self-sufficient

 Hyperinflation occurred in this country in the 1920’s:

The GDP Formula is:

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

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

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

_____________________ ‘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.

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

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

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

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

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

OPEC was formed by:

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

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

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

Canada has a low IDV count.

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

One drawback of democracy is

 International currency exchange rates display

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

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

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

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

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

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

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

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

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

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

The short term debt cycle is driven by