International Business Quiz

How did international business develop into what it is now?

• By increasing local production only

• By making your own clothes and growing your own food

• By having others make your goods and services as the population increased

• By reducing the population

What is the primary activity of domestic business?

• Exporting goods

• Importing goods

• Selling goods locally

• Trading internationally

Which of the following is true about importing?

• It involves sending goods to a foreign country.

• It involves receiving goods from a foreign country.

• It involves selling goods within the same country.

• It involves producing goods domestically.

What is the primary function of services?

• To provide raw materials

• To assist or advise others

• To manufacture goods

• To export products

What natural resources are mentioned as attracting foreign investors to Canada?

• Coal and diamonds

• Oil, gas, minerals, and timber

• Water and wind

• Gold and silver

What is a characteristic of joint ventures in FDI?

• Full ownership by foreign companies

• Partnership with Canadian companies

• Sole proprietorship

• Exporting goods

Which type of FDI is likely to involve collaboration between foreign and Canadian companies?

• Mergers and Acquisitions

• Greenfield Investments

• Joint Ventures

• Licensing Agreements

What is the purpose of the government's investment review process?

• To increase corporate tax rates

• To assess the impact of foreign investments on national security and economic benefits

• To negotiate free trade agreements

• To develop skills training programs

What do tax incentives in Canada aim to attract?

• Domestic investments

• Foreign Direct Investment (FDI)

• Increased tariffs

• Local business partnerships

What is the focus of the investment review process?

• Increasing foreign investments

• Assessing national security and economic benefits

• Developing new tax incentives

• Expanding trade agreements