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WorksheetsGlobal business
Total questions: 36
Worksheet time: 19mins
Some goods have to be imported because they are only available from foreign countries.
True
False
An importing business is involved in international business when it buys goods from other countries and then sells them in its own country.
True
False
The risk involved in importing is increased if you do not first determine whether there is any demand for the product you plan to import.
True
False
It is usually easy to locate foreign suppliers who can provide the goods you want to import, when you need them.
True
False
Customs duties are always based on the value of the goods, not quantity or weight.
True
False
Importing is important because of the following two reasons:
customers want the product and it is cheaper from another country.
your country has a competitive advantage and home-country products are more expensive
availability of parts for manufacturing and customs duties
None of the answers
Of the following business transactions, the only one the describes an importing activity is
a wholesaler in Brazil packs goods for ship to Liberia
a retailer in Sweden receives goods from Mexico to sell in a chain of stores
a restaurant food supplier in Japan ships sushi ingredients to a restaurant in Turkey
None of the answers
International business most commonly affects consumers by creating
fewer stores to shop in
a greater variety of buying choices
fewer buying choices
a change in taxes
When a company in one country sells its products in another country, these products are
barriers
exports
imports
embargos
The accepted behaviors, customs, and values of a society are referred to as that society's
global dependency
legal and political conditions
economic conditions
culture
If two nations are involved in international trade, we can be sure that
both nations expect to benefit from the trade
all people in both nations will benefit from the trade
one nation will benefit from the trade while the other one will be harmed
both nations benefits equally from the trade
Who is affected by international business?
All people
Most people
Very few people
I don't know
The four main factors that make up the international business operating environment include each of the following except
cultural and social factors
labor unions
economic conditions
geography
If a company's headquarters is in the United States, you can be sure that it is a domestic company.
True
False
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?
geographic
economic
cultural and social
political and legal
A nation's geographic conditions that contribute to its ability to be successful in international business include
the leaders of its government
the river and seaports it possses
the education of its people
the factories it has constructed
A nation with relatively few natural resources will be less dependent on international business than a nation with many natural resources.
True
False
The economic conditions of a country refer to its
social relationships among the country's people
policies toward regulation of business
decisions regarding the use of resources
type of government
When a company buys products from a company in another country, these products are
exports
imports
tariffs
embargos
The activities necessary for creating, shipping, and selling goods and services across national borders is called
domestic business
international business
global dependency
foreign war
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
geographic
cultural and social
political and legal
economic
