SEM Final Review #3

All of the following are examples of human risk except

• employee dishonesty

• thunderstorms

• poorly trained employees

• unskilled labor

The three ways to manage risk are

• gain or loss risks, insurable risks, and controllable risks

• financial loss, personal injury, and property loss

• risk transfer, risk retention, and risk avoidance

• fire, theft, and floods

Which of the following is not a source of revenue for Olympics?

• broadcasting

• U.S. government funds

• ticketing

• merchandise

World Cup teams compete in which six geographic areas?

• North America, Mexico, Australia, England, Brazil, and Asia

• Brazil, the United States, Canada, China, Japan, and Mexico

• Africa, Asia, Europe, North/Central America and Caribbean, Oceania, and South America

• Africa, Asia, The United States, Brazil, Mexico and Oceania

Making a product or service desirable by international consumers requires knowledge of

• a political agreement between countries

• locations that are within close proximity

• detailed logistics

• all of the above

If a company wants to sponsor a sports team to reach Latino customers, which of the following sports might present the best opportunity?

• soccer

• boxing

• baseball

• all of the above

Which of the following statements is true?

• French is the international language of business.

• Providing information in a native language increases sales.

• A website is not a necessity for an international business.

• All of the above are true

Travel and Tourism

• is equal to 9 percent of the world's gross domestic product

• is the world's ninth largest industry

• has little impact on the world's economy

• none of the above

The indirect economic impact of a tourist event or attraction to the local economy is

• the total of new spending that is a direct result of the attraction or event

• the cost of operating the event or attraction

• determined by the multiplier effect

• all of the above

The basic structural foundations of a city, such as roads are called

• an industry

• infrastructure

• travel trade

• industry standards