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ONLINE TEST :3 INTERNATIONAL BUSINESS ENVIRONMENT

Total questions: 23

Worksheet time: 23mins

Name
Class
Date
1.
Which of the following is NOT a factor in the international business environment?
a)
political and legal
b)
socialogical
c)
cultural and social
d)
geographic
2.
Religion and language are two examples of _______________ conditions that influence international business.
a)
political and legal 
b)
cultural and social 
c)
geographic
d)
economic 
3.
How a country manages its resources is an example of its _______________ condition, which influences international business.
a)
cultural and social
b)
geographic
c)
economic
d)
political and legal 
4.
War and unlawful activity are two examples of _______________ conditions that influence international business.
a)
economic
b)
cultural and social 
c)
political and legal 
d)
geographic
5.
What are taxes a country places on products as they cross its borders?
a)
Laws
b)
Tariffs
c)
Quotas
6.
____________ refers to nation's transpiration, communication, and utility systems.
a)
Intrastate commerce
b)
Infrastructure
c)
Global mobility
d)
Trade barriers
7.
Language, family, religion, customs, traditions, and food refer to which factor of the international business environment?
a)
geographic
b)
economic
c)
political and legal
d)
cultural and social
8.
Infrastructure is a significant factor that affects the economic development of a country.
a)
TRUE 
b)
FALSE
9.
A country that wishes to enhance international trade activities would be most likely use: 
a)
a tariff
b)
a common market
c)
an embargo
d)
a quota
10.
The key factors that affect a country's level of economic development include all of these EXCEPT:
a)
Agricultural Dependency
b)
Literacy Level
c)
Unemployment Rate
d)
Technology
11.

Makes imported goods more expensive

a)

Quota

b)

Tariff

c)

Embargo

12.

Makes imported goods more expensive

a)

Quota

b)

Tariff

c)

Embargo

13.
What is the primary purpose NAFTA?
a)
To reduce trade barriers among the US, Canada, and Mexico
b)
To reduce trade barriers among Central America and Mexico
c)
To reduce trade barriers among Brazil and Mexico
d)
To encourage free trade between the US, Europe, and Canada
14.
the main types of trade protection have been 
a)
voluntary export restraints , voluntary cash flow remittances and retrocapital flows 
b)
financial barriers that make imports of lower quality 
c)
financial barriers that increase the cost of imports and lower production costs of domestic rivals
d)
embargoes quota and quarantine 
15.
The lowering or elimination of protective tariffs and other trade barriers between two or more nations.
a)
free trade
b)
protectionism
c)
balance of trade
16.
The policy of imposing duties or quotas on imports in order to protect home industries from overseas competition.
a)
free trade
b)
protectionism
c)
balance of trade
17.
A limit on the amount of a good that can be imported.
a)
import quota
b)
export quota
18.
An association of 12 member nations of southeast Asia to promote economic growth, free trade and economic collaboration between member nations.
a)
ASEAN
b)
EU
c)
NAFTA
19.
Any activity which slows or outright blocks the free exchange of goods and services between nations.
a)
Voluntary Trade
b)
Specialization
c)
Currency Exchange
d)
Trade Barrier
20.

. Which is the right sequence of stages of Internationalization

a)

a. Domestic, Transnational, Global, International, Multinational

b)

b. Domestic, International, Multinational, Global, Transnational

c)

c. Domestic, Multinational, International, Transnational, Global

d)

d. Domestic, International, Transnational, Multinational, Global

21.

Subsidiaries consider the regional environment for policy / Strategy formulation is known as

a)

a. Polycentric Approach

b)

b. Regiocentric Approach

c)

c. Ethnocentric Approach

d)

d. Geocentric Approach

22.

Capitalistic, communistic and Mixed are the types of

a)

a. Economic System

b)

b. Social System

c)

c. Cultural Attitudes

d)

d. Political System

23.

Which is not an Indian Multinational Company?

a)

a. Unilever

b)

b. Asian Paints

c)

c. Piramal

d)

d. Wipro

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