Internationalisation quiz

What is an example of a free trade zone?

• Mecrosur

• North Africa Union (N.A.U.)

• Middle-Eastern Trade Union (M.E.T.U.)

• China-Taiwan Union (C.T.U.)

What is not an institution of the EU?

• The European Commission

• The council of Europe

• The European Parliament

• The European Court of Justice

What is the main function of the World Bank?

• Steal money from Africa

• Mining crypto currencies

• Offering low interests loans to developing country

• Distributing money from companies revenue to solve world hunger

What is the difference between a free trade zone and customs union?

• No difference

• Decision in terms of tariffs to non-members

• In customs union tariffs between members are not the same

• The free trade zone doesn’t have Bin Laden protection policy

Is the EU a full political union?

• Yes

• No

What is the idea of the stage model theory of internationalisation (Uppsala model)?

• Dividing tasks, processes or services in a specific way

• Increasing risks to be more profitable

• Learn as you go

• Reduce workload for the company

The World Trade Organisation (WTO) is part of the United Nations (UN)?

• True

• False

Is there a difference between internationalisation and globalisation?

• Yes, Internationalisation refers more to Trade Unions

• Yes, globalisations contain economic, political and cultural integration, unlike internationalisation

• Yes, internationalisation refers only to small companies (<50 employees), globalisation to big ones.

• No, there is no difference