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WorksheetsIntro to Business Ch 3
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
Countries that devote most of their economies to agriculture usually provide more and better goods and services for their citizens?
a)
True
b)
False
2.
Because of international trade, all nations of the world use the same banking system
a)
True
b)
False
3.
A nation with a trade surplus is said to have a favorable trade position
a)
True
b)
False
4.
The United States conduct business with over ______ countries
a)
10
b)
50
c)
100
d)
180
5.
Which of the following countries has an absolute advantage in coffee production?
a)
the US
b)
Saudia Arabia
c)
Brazil
d)
Ireland
6.
Which is NOT a cultural or social factor that affects international business
a)
Language
b)
Religion
c)
Values
d)
Climate
7.
A tax on an import is called a
a)
tariff
b)
quota
c)
embargo
d)
dumb thing
8.
A country in which an MNC (multinational company) places business activities is called the
a)
home country
b)
host country
c)
free-trade zone
d)
home base
9.
Selling the right to use your business logo by someone else is called
a)
a joint venture
b)
licensing
c)
franchising
d)
free-trade agreement
10.
Which is NOT a goal of the World Trade Organization?
a)
lowering tariffs
b)
strengthening import quotas
c)
helping poor countries grow economically
d)
enforcing free-trade agreements
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