What's International Business Quiz Review

International trade is a relatively new development in the world.

• True

• False

Business activities are needed to creating, shipping, and selling goods and services across national borders is...

• International Business

• Domestic Business

• Imports

• Exports

The United States importing bananas, coffee, tea, spices and silk because they cannot be produced domestically is an example of which of the following?

• Trade Barrier

• Tariff

• Global Dependency

• Export

Which of the following is NOT a key part of the international business environment?

• Geography

• Culture

• Political & Legal

• Marketing

A restriction on the number of imports is a...

• Tariff

• Embargo

• Quota

• Subsidy

Money given to domestic businesses to reduce production costs and lower prices is called...

• Non-Tariff Barrier

• Quota

• Tariff

• Subsidy

Which of these is NOT a reason companies' choose to do business internationally?

• To increase sales

• Increased cultural awareness

• New knowledge & resources

• Risk reduction

When items consumers need and want are created in other countries it creates...

• Global Dependency

• Non-Trade Barriers

• Demand

• Domestic Business

Culver's only operating in the Midwest (and Florida!) is an example of which of these?

• International Business

• Global Dependency

• Domestic Business

• Non-Trade Barriers

A nation with relatively few natural resources will be less dependent on international business than a nation with many natural resources.

• True

• False