International Trade Test Review

______ is the exposure to factors which an 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

Select all of the following choices which are practices of corporate social responsibility. (Choose 3)

• Engaging in ethical behaviors

• Giving back to society through philanthropic means

• Sourcing the cheapest materials for products

• Practicings environmental responsibility

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

• Business ownership

Select all the following choices which are advantages of operating a sole proprietorship. (Choose 2)

• Allow business partners to spread the risk evenly

• Minimal government regulation

• Owners assume all the risk of the business

• Owners work and make all the decisions independently

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

• Franchisor

• Franchisee

• Francophile

• Franchot

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. (Choose 3)

• 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