stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
18th intake Express International Trade & Business Flashcards | StudBud
Explore
/
18th intake Express International Trade & Business
18th intake Express International Trade & Business
25 terms
·
StudBud Administration
·
4 plays
International Trade
Flashcards
25 cards
F
Practice quiz
P
Host live
L
Questions
25
Answers
1
Which country joined WTO in 2001?
India
Japan
Mexico
China
2
A consequence of protectionism is
increased choices for buyers
increased industrial competitiveness
price inflation
increased supply of goods to buyers
3
Which of the following is NOT a supporter of neomercantilism?
foreign firms
labour unions
farmers
some manufacturers that rely on exports
4
Which is the disadvantage of exporting?
Maximise flexibility
Stabilise Sales fluctuations
Diversity customer base
Exposes the firm to tariffs and other trade barriers etc
5
The four risks of international business are country, cross-cultural, ________ and commercial.
market
None of the above
government
currency
6
Free Trade is usually best because of it leads to ________
Lower living standards for consumers
Higher prices of good for consumers and firms
Greater prosperity in poor countries
All of the above
7
Which of the following NOT a key concept on the Cultural environment f International business?
Cross-cultural
Culture
Acculturation
Dimensions
8
Which method of payment is NOT appicable?
Cash in advance
Open Account
Mortgage
Letter of Credit
9
_____ where exports exceed imports; may result when the exporter's currency is undervalued.
Trade surplus
Trade deficit
Economic growth
Inflation
10
How are exchange rate determined?
The lower the demand for a currency, the lower its price
The greater the supply of a currency, the lower its price
All of the above
The greater the demand for a currency, the higher the price
11
Which is hard currency?
Yen
Euro
Pound
All of the above
12
Which country has a climate and soil superior for producing wine?
Japan
Saudi Arabia
France
India
13
Piracy and counterfeiting affect_____
International trade
Direct investments
Innovation
All of the above
14
Which one of the major types of political is INCORRECT?
Totalitarism
Expropriation
Socialism
Democracy
15
Mercantilism's popular belief that national prosperity results from ___ exports and ___ imports
minimising, maximising
decreased, increased
increased, decreased
maximising, minimising
16
Which one of the types of interests does a suitable firm NOT pursue?
Environmental interest
Social interest
Political interest
Economic interests
17
Firms internationalise through various strategies, such _______ and ________.
importing, foreign direct investments
exporting, trade in services
importing, trade in services
exporting, foreign direct investments
18
Which of the following is NOT an official Export Documentation?
commercial invoice
certificate of origin
Bill of lading
buy-back agreement
19
Which are the benefits of corporate governance is INCORRECT?
Dividend paid to stakeholders
Reduce business cost
Improved financial performance
Increased customer loyalty and sales
20
Exchange rate is the price of ______ in terms of another.
products
currency
houses
gold
21
Which is NOT the essential elements of culture?
religion
cross-cultural risk
finance
language
22
Which are the Flows of International Business is INCORRECT?
Trade in Tariffs
Trade in Services
Trade in Products
Knowledge
23
Government intervention is an important dimension of _______
country risk
currency risk
political risk
cross-cultural risk
24
Country risk is also known as _______
political
economic
government
commercial
25
Society is organised as :
All of the above
Individuals
Family
Social Mobility
