
Chapter 3 Business Essentials Review
Authored by Vicki Hesser
Business
8th Grade
Used 319+ times

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34 questions
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1.
MULTIPLE CHOICE QUESTION
0 sec • 1 pt
Which of the following would be an example of international business?
A farmer in Kansas using equipment made in Ohio
A restaurant in Kansas City serving Italian food
A sales staff in Texas representing a foreign producer
A retail store in New York selling craft items from local artists
2.
MULTIPLE SELECT QUESTION
0 sec • 1 pt
Which of the following would be an example(s) of domestic business?
A farmer in Kansas using equipment made in Ohio
A retail store in Kansas City that sells products made in India
A sales staff in Texas representing a foreign producer
A retail store in New York selling craft items from local artists
3.
MULTIPLE CHOICE QUESTION
0 sec • 1 pt
When a country's imports exceed its exports, there is a trade
surplus
balance
deficit
exchange
4.
MULTIPLE CHOICE QUESTION
0 sec • 1 pt
When a country's exports exceed its imports, there is a trade
surplus
balance
deficit
exchange
5.
MULTIPLE SELECT QUESTION
45 sec • 2 pts
Select all that apply.
The value of a country's currency is likely to decline as a result of
higher inflation
higher interest rates
a trade surplus
a favorable balance of payments
6.
MULTIPLE CHOICE QUESTION
0 sec • 1 pt
Infrastructure is a significant factor that affects the economic development of a country.
True
False
7.
MULTIPLE CHOICE QUESTION
0 sec • 1 pt
Religion is an element of the ____ component of the international business environment.
geographic
economic
cultural
political
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