ENTREP11-IBT-BSEntrep,3rd Year,Bloc1-Midterm Examination

International trade involves the exchange of __________ and __________ between countries.

Overdependence on __________ can make a country vulnerable to international market fluctuations.

__________ is the system of shared beliefs, values, customs, and behaviors that guide interactions within a society.

Differences in __________ are one of the most obvious challenges in international business communication.

The KFC slogan “Finger-lickin’ good” was mistranslated in China as “__________.”

What is international trade?

• A. Buying and selling within the same country

• B. Exchange of goods and services between countries

• C. Exporting only raw materials

• D. Government subsidies only

International trade is part of the:

• A. Educational system

• B. National defense

• C. Global economy

• D. Political structure

Why is international trade important to businesses?

• A. It limits market access

• B. It opens global opportunities for goods and services

• C. It increases isolation

• D. It reduces investment

Which factor can create jobs in international business?

• A. Import bans

• B. Foreign investments

• C. Trade barriers

• D. Monopolies

The expansion of international trade usually results in:

• A. Reduced production

• B. Increased employment

• C. Fewer investments

• D. Slower economic growth