Intro to International business environment

Culture is the accepted behaviors, customs and values of a society. 

• True

• False

Important cultural and social factors influencing international business

• Religious beliefs and traditions

• Wealth, health and economic situation

• Language, religion, education, values, traditions

• Language and traditions

Which of the following is NOT a factor in the international business environment?

• political and legal
• socialogical
• cultural and social
• geographic

How a country manages its resources is an example of its _______________ condition, which influences international business.

• cultural and social
• geographic
• economic
• political and legal 

War and unlawful activity are two examples of _______________ conditions that influence international business.

• economic
• cultural and social 
• political and legal 
• geographic

What are taxes a country places on products as they cross its borders?

• Laws
• Tariffs
• Quotas

Formal trade barriers are culture, traditions, and religion of a country.

• TRUE
• FALSE

The key factors that affect a country's level of economic development include all of these EXCEPT:

• Agricultural Dependency
• Literacy Level
• Unemployment Rate
• Technology

What is the primary purpose NAFTA?

• To reduce trade barriers among the US, Canada, and Mexico
• To reduce trade barriers among Central America and Mexico
• To reduce trade barriers among Brazil and Mexico
• To encourage free trade between the US, Europe, and Canada

the main types of trade protection have been 

• voluntary export restraints , voluntary cash flow remittances and retrocapital flows 
• financial barriers that make imports of lower quality 
• financial barriers that increase the cost of imports and lower production costs of domestic rivals
• embargoes quota and quarantine