Principles of Bus/Mkt/Fin Final Exam Review - 2021

Type of communicator who values enjoyment and helping others with the same.

• Controller

• Promoter

• Analyzer

• Supporter

True/False? A free trade zone is often located far away from a seaport or airport.

• True

• False

Technology, education, and exchange rates are examples of this factor of international business environment.

• Geographic

• Cultural influence

• Economic development

• Political and legal restrictions

True/False? An informal trade barrier is created by government actions.

• True

• False

People who make the major policy and financial decisions in a corporation are the _______________.

• Owners

• Board of directors

• Investors

• Managers

Food, clothing, shelter, and clean air are all examples of _____________________.

• Needs

• Wants

• Trade offs

• Scarcity

Name of the international organization that settles trade disagreements and enforces free-trade agreements.

• World Trade Organization (WTO)

• International Monetary Fund

• World Bank

One of every __________ jobs in the United States depends on international business.

• 2

• 4

• 6

• 8

Which of the following is NOT an example of a franchise?

• 7-Eleven

• Baker Hughes

• Dunkin' Donuts

• Subway

True/False? Your needs and wants never end.

• True

• False