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Global Industry

Total questions: 53

Worksheet time: 4hrs 25mins

Name
Class
Date
1.
How often does the foreign exchange take place?
a)
Every day
b)
Once a week
c)
Twice a month
d)
Every other day
2.
When considered low, the economy shows a rising currency value. Which of the following terms describes this occurrence?
a)
Interest rate
b)
Inflation
c)
Public debt
d)
Deficit
3.
Which of the following is NOT considered a debit item in the balance of trade?
a)
Domestic spending abroad
b)
Imports from abroad
c)
Foreign spending in the domestic economy
d)
Foreign aid and assistance
4.
When a country is a member to this level of economic integration, the countries involved have a common currency and similar tax rates. Which type of economic integration does this demonstrate?
a)
Common market
b)
Custom union
c)
Free trade
d)
Economic union
5.
Which of the following is NOT a type of foreign aid?
a)
150 Account
b)
Foreign Assistance
c)
Food Stamps Abroad
d)
Poverty-Focused Development Aid
6.
When implementing economic integration, which of the following is NOT a problem one may encounter?
a)
Single objectives
b)
Weak states
c)
Trade diversions
d)
Lacking fiscal resources
7.
Which agreement focuses on tariffs related to agriculture, textiles and automobiles?
a)
North American Free Trade Agreement
b)
General Agreement on Tariffs and Trade
c)
United States Free Trade Agreement
d)
Global Free Trade
8.
International law in global business does NOT include which of the following purposes?
a)
Regulating trade
b)
Controlling tariffs
c)
Managing offshore banking
d)
Governing business meetings
9.
An agreement where one company makes an asset available to another company in exchange for compensation is considered which of the following?
a)
Licensing
b)
Copyrighting
c)
Linking
d)
Investing
10.
Which of the following is NOT true of working abroad?
a)
Learn a new language
b)
Develop an appreciation for a new culture
c)
Network few foreign contacts
d)
Travel to exotic places
11.
business which operates internationally
a)
Global Business
b)
Bilingualism
c)
Employability
d)
Multinational Company
12.
when a business creates the efficient production of a specific product or service
a)
Specialization
b)
Global Business
c)
Bilingualism
d)
Employability
13.
when a company sells goods and services at a lower price than its competitors and still gains larger profits
a)
Comparative Advantage
b)
Specialization
c)
Global Business
d)
Bilingualism
14.
investor purchases part of a company through stocks; no real control of company
a)
Portfolio Investment
b)
Comparative Advantage
c)
Specialization
d)
Global Business
15.
investor purchases large part of a company; has direct control of company
a)
Direct Investment
b)
Portfolio Investment
c)
Comparative Advantage
d)
Specialization
16.
exchange of one currency for another; conversion of one currency into another
a)
Foreign Exchange
b)
Direct Investment
c)
Portfolio Investment
d)
Comparative Advantage
17.
rate at which the level of prices for goods and services are rising and purchasing is falling
a)
Inflation
b)
Foreign Exchange
c)
Direct Investment
d)
Portfolio Investment
18.
amount charged by a lender to a borrower for the use of their money
a)
Interest Rate
b)
Inflation
c)
Foreign Exchange
d)
Direct Investment
19.
when a country is spending more on foreign trade than it is earning
a)
Deficit
b)
Interest Rate
c)
Inflation
d)
Foreign Exchange
20.
debt owed by a government
a)
Public Debt
b)
Deficit
c)
Interest Rate
d)
Inflation
21.
export prices versus import prices
a)
Terms of Trade
b)
Public Debt
c)
Deficit
d)
Interest Rate
22.
investors look to support stable countries with strong economic performance
a)
Political Stability
b)
Terms of Trade
c)
Public Debt
d)
Deficit
23.
different countries or regions agree to reduce or eliminate trade barriers and coordinate monetary and fiscal policies
a)
Economic Integration
b)
Political Stability
c)
Terms of Trade
d)
Public Debt
24.
tariffs between member countries are predetermined and applied to other countries
a)
Custom Union
b)
Economic Integration
c)
Political Stability
d)
Terms of Trade
25.
member countries are free to move factors of production within other member countries
a)
Common Market
b)
Custom Union
c)
Economic Integration
d)
Political Stability
26.
monetary and fiscal policies between member countries are coordinated by political integration
a)
Economic Union
b)
Common Market
c)
Custom Union
d)
Economic Integration
27.
authority of one or more member countries is significantly reduced and a common, united government is put in place
a)
Political Union
b)
Economic Union
c)
Common Market
d)
Custom Union
28.
goods or services brought into one country from another
a)
Imports
b)
Political Union
c)
Economic Union
d)
Common Market
29.
foreign goods and services are shipped into another country and received by a distributor, then sold to the consumer
a)
Indirect Importing
b)
Imports
c)
Political Union
d)
Economic Union
30.
foreign goods and services are shipped into another country and received by the consumer without going through a middle man
a)
Direct Imports
b)
Indirect Importing
c)
Imports
d)
Political Union
31.
goods or services which are produced in one country and are shipped to another country for sale or trade
a)
Exports
b)
Direct Imports
c)
Indirect Importing
d)
Imports
32.
goods are exported from a company through a third party company
a)
Indirect Exporting
b)
Exports
c)
Direct Imports
d)
Indirect Importing
33.
company or manufacturer is more involved with the exporting process
a)
Direct Exporting
b)
Indirect Exporting
c)
Exports
d)
Direct Imports
34.
difference between a country's imports and exports
a)
Balance of Trade
b)
Direct Exporting
c)
Indirect Exporting
d)
Exports
35.
economic transactions between countries or other foreign entities
a)
Foreign Trade
b)
Balance of Trade
c)
Direct Exporting
d)
Indirect Exporting
36.
flow of capital from one nation to another in exchange for significant ownership stakes in domestic companies or other domestic assets
a)
Foreign Investment
b)
Foreign Trade
c)
Balance of Trade
d)
Direct Exporting
37.
type of trade movement which focuses on the improvement of trading circumstances
a)
Fair Trade
b)
Foreign Investment
c)
Foreign Trade
d)
Balance of Trade
38.
unconstrained purchase and sale of goods and services between countries without tariffs, duties or quotas
a)
Free Trade
b)
Fair Trade
c)
Foreign Investment
d)
Foreign Trade
39.
set of achievements which make a person more appealing to a potential employer
a)
Employability
b)
Free Trade
c)
Fair Trade
d)
Foreign Investment
40.
act of a student pursuing educational opportunities abroad
a)
Studying Abroad
b)
Employability
c)
Free Trade
d)
Fair Trade
41.
ability to compete and participate on the global market
a)
Global Linkage
b)
Studying Abroad
c)
Employability
d)
Free Trade
42.
agreement where one company, the licensor, makes an asset available to another company, the licensee, in exchange for some form of compensation
a)
Licensing
b)
Global Linkage
c)
Studying Abroad
d)
Employability
43.
independent firms which act as export sales departments for non-competing manufacturers
a)
Export Management Companies
b)
Licensing
c)
Global Linkage
d)
Studying Abroad
44.
rights given to persons over the creations of their minds
a)
Intellectual Property Rights
b)
Export Management Companies
c)
Licensing
d)
Global Linkage
45.
type of international law which protects the rights of creators or copyrighted works around the world
a)
Global Copyright
b)
Intellectual Property Rights
c)
Export Management Companies
d)
Licensing
46.
ideas that a copyrighted work is the expression of the personality of its author or creator
a)
Moral Rights
b)
Global Copyright
c)
Intellectual Property Rights
d)
Export Management Companies
47.
rights of the creator to authorize use of, or to prohibit the use of a work and to set the conditions for its use
a)
Economic Rights
b)
Moral Rights
c)
Global Copyright
d)
Intellectual Property Rights
48.
brand name used to identify and distinguish the goods or services of one seller from those of others and to indicate the source of the goods/services
a)
Trademark
b)
Economic Rights
c)
Moral Rights
d)
Global Copyright
49.
transport, handling and storage of funds, goods and information outside and inside the production process
a)
Global Logistics
b)
Trademark
c)
Economic Rights
d)
Moral Rights
50.
global market in which employers across the world may search for potential employees in foreign countries and vice versa
a)
Global Job Market
b)
Global Logistics
c)
Trademark
d)
Economic Rights
51.
company which has its facilities and other assets in at least one country other than its home country
a)
Multinational Company
b)
Global Job Market
c)
Global Logistics
d)
Trademark
52.
achievements which make a person more appealing to a potential employer
a)
Employability
b)
Multinational Company
c)
Global Job Market
d)
Global Logistics
53.
ability to speak two or more languages
a)
Bilingualism
b)
Employability
c)
Multinational Company
d)
Global Job Market