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Global Business - Chapter 1.2

Total questions: 18

Worksheet time: 9mins

Name
Class
Date
1.

International business most commonly affects consumers by creating

a)

fewer stores to shop in

b)

a greater variety of buying choices

c)

fewer buying choices

d)

a change in taxes

2.

When a company in one country sells its products in another country, these products are

a)

barriers

b)

exports

c)

imports

d)

embargos

3.

The accepted behaviors, customs, and values of a society are referred to as that society's

a)

global dependency

b)

legal and political conditions

c)

economic conditions

d)

culture

4.

If two nations are involved in international trade, we can be sure that

a)

both nations expect to benefit from the trade

b)

all people in both nations will benefit from the trade

c)

one nation will benefit from the trade while the other one will be harmed

d)

both nations benefits equally from the trade

5.

Who is affected by international business?

a)

All people

b)

Most people

c)

Very few people

d)

I don't know

6.

When a product is assembled in the United States, you can be sure that is is produced by a domestic business.

a)

True

b)

False

7.

The four main factors that make up the international business operating environment include each of the following except

a)

cultural and social factors

b)

labor unions

c)

economic conditions

d)

geography

8.

If a company's headquarters is in the United States, you can be sure that it is a domestic company.

a)

True

b)

False

9.

A manager greets foreign customers by calling them by their first names, a practice that is not appropriate until their parties are better acquainted, violates what condition?

a)

geographic

b)

economic

c)

cultural and social

d)

political and legal

10.

A nation's geographic conditions that contribute to its ability to be successful in international business include

a)

the leaders of its government

b)

the river and seaports it possses

c)

the education of its people

d)

the factories it has constructed

11.

A nation with relatively few natural resources will be less dependent on international business than a nation with many natural resources.

a)

True

b)

False

12.

The economic conditions of a country refer to its

a)

social relationships among the country's people

b)

policies toward regulation of business

c)

decisions regarding the use of resources

d)

type of government

13.

When a company buys products from a company in another country, these products are

a)

exports

b)

imports

c)

tariffs

d)

embargos

14.

The activities necessary for creating, shipping, and selling goods and services across national borders is called

a)

domestic business

b)

international business

c)

global dependency

d)

foreign war

15.

Regulations of fair advertising, enforcement of contracts, and consumer safety laws are examples of how what influences business?

a)

economic conditions

b)

government

c)

trade organizations

d)

trade agreements

16.

Everyone faces the basic economic problem of what to satisfy wants and needs?

a)

factors of production

b)

limited resources

c)

natural resources

d)

trade barriers

17.

As a global ____, worker, and consumer, international business activities make it necessary for you to have an increased awareness of the world.

a)

observer

b)

resident

c)

student

d)

citizen

18.

A computer manufacturer learns that in a country it plans to sell computers, that country only has limited resources to purchase its equipment. This condition is

a)

geographic

b)

cultural and social

c)

political and legal

d)

economic