Fundamentals of International Business Final Assessment

is the exposure to factors which can lower a business’s profits or lead to failure.

• Risk
• Resources

• Authority

• Ownership

Nonprofit organizations are designed to better the communities in which they serve.

• True

• False

If Japan receives food products from Sweden to sell in Japan, which of the following roles is Japan facilitating?

• Importer

• Financier

• Exporter

• Regulator

Which of the following would be the most likely driving factor for a company pledging to practice environmental responsibility and engage in ethical behaviors?

• The U.S. economy

• Service businesses

• Corporate Social Responsibility

The is the business owner who is licensed to operate a franchise.

• Franchise Owner
• Business Operator

• Entrepreneur

• Franchisee

Quotas are limits put on the number of specific goods which can be imported from a certain country, and they are used to restrict foreign competition and enhance domestic production.

• True

• False

Select all the following choices which are benefits of domestic trade.

(a)   (b)   (c)  

• Creates jobs
• Improved relationships between countries

• Inspires innovation
• Raw materials move freely

are used to punish and deter the behavior of opposition countries without resorting to military force.

• Embargoes
• Quotas

• Subsidies

• Tariffs

Tariffs limit the volume of imports and increase competition.

• True

• False

Which of the following is defined as a business structure which protects owners from personal responsibility for the debts and liabilities of the business?

• Partnership

• Corporation

• Franchise

• Limited liability corporation