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Worksheets2022 Global Business Final Exam Review
Total questions: 104
Worksheet time: 9hrs 40mins
Name
Class
Date
1.
when a business creates the efficient production of a specific product or service
a)
Specialization
b)
Global Business
c)
Discrimination
d)
Etiquette
2.
investor purchases part of a company through stocks; no real control of company
a)
Portfolio Investment
b)
Comparative Advantage
c)
Specialization
d)
Global Business
3.
exchange of one currency for another; conversion of one currency into another
a)
Foreign Exchange
b)
Direct Investment
c)
Portfolio Investment
d)
Comparative Advantage
4.
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
5.
tariffs between member countries are predetermined and applied to other countries
a)
Custom Union
b)
Economic Integration
c)
Political Stability
d)
Terms of Trade
6.
monetary and fiscal policies between member countries are coordinated by political integration
a)
Economic Union
b)
Common Market
c)
Custom Union
d)
Economic Integration
7.
goods or services brought into one country from another
a)
Imports
b)
Political Union
c)
Economic Union
d)
Common Market
8.
goods are exported from a company through a third party company
a)
Indirect Exporting
b)
Exports
c)
Direct Imports
d)
Indirect Importing
9.
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
10.
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
11.
rights given to persons over the creations of their minds
a)
Intellectual Property Rights
b)
Export Management Companies
c)
Licensing
d)
Global Linkage
12.
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
13.
achievements which make a person more appealing to a potential employer
a)
Employability
b)
Multinational Company
c)
Global Job Market
d)
Global Logistics
14.
trade within the same region or country
a)
Domestic Trade
b)
Bilingualism
c)
Employability
d)
Multinational Company
15.
international organization overseeing world trade; ensures world trade occurs in a smooth and free-flowing manner with little disruption
a)
World Trade Organization
b)
World Trade
c)
Domestic Trade
d)
Bilingualism
16.
fixed limit on the amount of import/export of a product set when trading with another country
a)
Quota
b)
Foreign Exchange Rate
c)
Balance of Payments
d)
Balance of Trade
17.
method used to stop the shipment of certain products to and from a particular country for economic or political reasons
a)
Embargo
b)
Tariff
c)
Quota
d)
Foreign Exchange Rate
18.
items transported into a country from a foreign country
a)
Imports
b)
International Trade
c)
Embargo
d)
Tariff
19.
government based restrictions placed on international trade
a)
Trade Barriers
b)
World Trade Organization
c)
Free Trade Zone
d)
Tariff
20.
percentage of the value of the import
a)
Ad Valorem
b)
Revenue Tariff
c)
Trade Barriers
d)
World Trade Organization
21.
place an absolute ban on imports or exports in a certain country
a)
Embargoes
b)
Specific Tariff
c)
Ad Valorem
d)
Revenue Tariff
22.
refusal of buying goods from another country
a)
Boycotts
b)
Subsidies
c)
Standards
d)
Quotas
23.
trade barrier which imposes extra cost on imports to protect local businesses
a)
Protectionism
b)
Flexible Exchange Rate
c)
Fixed Exchange Rate
d)
Exchange Control
24.
trade agreement between two nations
a)
Bilateral Trade Agreement
b)
International Trade Agreements
c)
Protectionism
d)
Flexible Exchange Rate
25.
free trade agreement among Canada and the EFTA countries
a)
Canada-European Free Trade Association
b)
Trade Bloc
c)
Regional Trade Agreement
d)
Multilateral Trade Agreement
26.
trade agreement which provides fair trade rules, reduction on tariffs and other trade barriers
a)
General Agreement on Tariffs and Trade
b)
EFTA
c)
Canada-European Free Trade Association
d)
Trade Bloc
27.
the subject of economics across national boundaries
a)
International Finance
b)
North American Free Trade Agreement
c)
Surplus
d)
Dumping
28.
when the government (central bank) of a country decides what its currency will be worth relative to other currencies
a)
Fixed Exchange Rate
b)
Floating Exchange Rate
c)
Exchange Rate
d)
Foreign Exchange
29.
the rate for currencies exchanged today for delivery in the future, usually up to 180 days
a)
Forward Rate
b)
Spot Rate
c)
Fixed Exchange Rate
d)
Floating Exchange Rate
30.
a risk in which the exchange rates of either of the two countries will fluctuate
a)
Exchange Rate Risk
b)
Economic Risk
c)
Risk
d)
GDP
31.
occurs when a country depends too greatly on imports from one single country or when a country depends too greatly on exporting a very large number of exports to one single country
a)
High Dependency Risk
b)
Credit/Sale Risk
c)
Exchange Rate Risk
d)
Economic Risk
32.
a risk related to the influence of a defect in the documentation on cash flow or dept service
a)
Legal Risk
b)
Political Risk
c)
High Dependency Risk
d)
Credit/Sale Risk
33.
Gross Domestic Product; total market value of all goods and services which are produced within a country during a given period
a)
GDP
b)
Purchasing Power
c)
Legal Risk
d)
Political Risk
34.
the process by which ideas and information are exchanged; includes language, body language and facial expression, and eye contact and physical contact
a)
Communication
b)
Culture
c)
Joint Venture
d)
Strategic Alliance
35.
the processes, procedures and rules used in business
a)
Business Practices
b)
Etiquette
c)
Communication
d)
Culture
36.
being free of dirt
a)
Cleanliness
b)
Personal Space
c)
Business Practices
d)
Etiquette
37.
looking at someone's forehead or shoulders rather than at the eyes
a)
Indirect Eye Contact
b)
Pofta Buna
c)
Bon Appétit
d)
Abrazo
38.
a culture which stresses independence and give priority to individual welfare
a)
Individualist Culture
b)
Collectivist Culture
c)
Indirect Eye Contact
d)
Pofta Buna
39.
a meal with many public plates for parties to share; common in many East Asian countries
a)
Family Style Meal
b)
Nonverbal Signal
c)
Shura
d)
Emirate
40.
an internationally recognized travel document valid for international travel by air, sea or land
a)
Passport Book
b)
U.S. Department of State
c)
Family Style Meal
d)
Nonverbal Signal
41.
plurality of culture along various cultural dimensions or cultural locations
a)
Diversity
b)
Import Restrictions
c)
Visa
d)
Passport Card
42.
characters who are highly respected and serve as an ideal role model in a culture
a)
Heroes
b)
Symbols
c)
Culture
d)
Cultural Locations
43.
cultural standards or judgments of what is and is not right, good or desirable
a)
Values
b)
Rituals
c)
Heroes
d)
Symbols
44.
people sharing common languages, customs, rituals, traditions, religions and cultures
a)
Ethnic Group
b)
Race
c)
Values
d)
Rituals
45.
factors a business can use to influence consumers; called marketing mix
a)
Controllable Factors
b)
Marketing
c)
Differently Abled Person
d)
Ageism
46.
diverse
a)
Heterogeneous
b)
Perishable
c)
Intangible
d)
Product
47.
consumers must interact with the producer of a service
a)
Inseparable
b)
Homogeneous
c)
Heterogeneous
d)
Perishable
48.
establishing a standard for products, distribution, price, or promotion to follow
a)
Standardize
b)
Global Marketing
c)
Promotion
d)
Distribution
49.
businesses in the channel progressing products from the manufacturer to the final customer
a)
Intermediaries
b)
Channels of Distribution
c)
Standardize
d)
Global Marketing
50.
wholesaler that manages inventory and merchandising by counting stock, maintaining store displays and filling them in when needed
a)
Rack Jobber
b)
Wholesalers
c)
Intermediaries
d)
Channels of Distribution
51.
automatic retailing, TV home shopping, catalogs, online shopping and vending stores
a)
Non-store Retailers
b)
Brick and Mortar
c)
Retailers
d)
Drop Shippers
52.
distributing products to one intermediary within a protected territory of a geographic area; high profit margin
a)
Exclusive Distribution
b)
Indirect Channels
c)
Direct Channels
d)
Brokers
53.
distributing products to all suitable intermediaries for complete market coverage
a)
Intensive Distribution
b)
Selective Distribution
c)
Exclusive Distribution
d)
Indirect Channels
54.
commerce under U.S. regulation which occurs between states
a)
Interstate
b)
Transportation
c)
Materials Management
d)
Physical Distribution
55.
balance between public and private warehousing; designed to speed delivery and reduce storage costs; main focus is to move products; not to store them
a)
Distribution Centers
b)
Public Warehouses
c)
Private Warehouses
d)
Inventory
56.
product UPC scanned into a computer through "point-of-sale terminals"; computer generates information which can easily be accessed; faster more accurate way to track inventory
a)
Computer Based Inventory System
b)
Manual Inventory Systems
c)
Perpetual Inventory Systems
d)
Bonded Warehouses
57.
physical inventory system in which a small portion of the inventory accounted for each day so entire inventory is accounted for on a regular basis
a)
Tickler Control
b)
Visual Control
c)
Computer Based Inventory System
d)
Manual Inventory Systems
58.
when the result of a physical inventory comes up shorter than what was accounted for in the perpetual inventory
a)
Inventory Shrinkage
b)
Annual Inventory Count
c)
Tickler Control
d)
Visual Control
59.
pricing information provided in advance on purchase order; buyer plugs information into computer and prices can be marked as soon as merchandise is received
a)
Pre-Retailing Marking
b)
Source Marking
c)
Quality Check
d)
Spot Check
60.
exchange of thoughts, opinions or information by speech, writing or behavior
a)
Communication
b)
Standard Electronic Data Interchange (EDI)
c)
Pre-Retailing Marking
d)
Source Marking
61.
thought, idea, opinion, etc. which the sender has encoded and wants conveyed
a)
Message
b)
Sender
c)
Communication
d)
Standard Electronic Data Interchange (EDI)
62.
target of the message
a)
Receiver
b)
Channel
c)
Message
d)
Sender
63.
process of mentally processing a message
a)
Decoding
b)
Receiving
c)
Transmitting
d)
Encoding
64.
model depicting the exchange of ideas and messages taking place from both the sender and receiver and vice versa, but not as a simultaneous process
a)
Interactive Model of Communication
b)
Linear Model of Communication
c)
Noise
d)
Feedback
65.
communication style characterized by the use of manipulation to achieve an end goal
a)
Aggressive Communication
b)
Assertive Communication
c)
Communication Style
d)
Transactional Model of Communication
66.
type of listening which involves the listener taking in information with little to no outward reaction
a)
Passive Listening
b)
Active Listening
c)
Passive-Aggressive Communication
d)
Passive Communication
67.
ideas or facts which are a part of someone's cause; is used to damage the opposing cause
a)
Propaganda
b)
Non-Verbal Communication
c)
Passive Listening
d)
Active Listening
68.
a paid communication which attempts to influence opinion
a)
Advertising
b)
Public Relations
c)
Professional
d)
Either/Or Fallacy
69.
the receiver hears only the content and not the feeling of the message
a)
Deliberative Listening
b)
Marketing
c)
Advertising
d)
Public Relations
70.
receiver is physically hearing the words, but choosing not to acknowledge the words
a)
Selective Listening
b)
False Listening
c)
Empathetic Listening
d)
Appreciative Listening
71.
is a formal meeting where a person is asked to communicate skills, experiences and interests
a)
Interview
b)
Deep Listening
c)
Full Listening
d)
Partial Listening
72.
postures, facial gestures and expressions sometimes done unintentionally
a)
Nonverbal Communication
b)
Verbal Communication
c)
Interview
d)
Deep Listening
73.
Which of the following is NOT considered a debit item in the balance of trade?
a)
Foreign spending in the domestic economy
b)
Domestic spending abroad
c)
Imports from abroad
d)
Foreign aid and assistance
74.
Which of the following is NOT a type of foreign aid?
a)
Food Stamps Abroad
b)
150 Account
c)
Foreign Assistance
d)
Poverty-Focused Development Aid
75.
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
76.
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
77.
About how much of the total federal budget does foreign aid account for?
a)
One percent
b)
Five percent
c)
Ten percent
d)
Fifteen percent
78.
Which of the following is NOT a way money moves from one country to another?
a)
Foreign policy development
b)
Tourism
c)
Foreign investments
d)
Imports and exports
79.
Which of the following accurately defines a tariff?
a)
A special tax placed on foreign goods sold in the U.S.
b)
A method used to stop the shipment of certain products to or from particular countries
c)
A packing and shipping regulation for hazardous products
d)
A fixed limit on the amount of import or export of a product
80.
Which of the following was listed as a good area for Free Trade Zones?
a)
Seaports
b)
Borders
c)
Embassies
d)
Government buildings
81.
Which is NOT one of the reasons international trading is important?
a)
Expand United States affairs
b)
Unrestricted flow of goods
c)
Cheaper availability
d)
Easier trading practices
82.
Exchange rates affect the prices of goods.
a)
True
b)
False
83.
Licensing is the transfer of rights and permission to produce and sell a product to a foreign firm.
a)
True
b)
False
84.
Which of the following is NOT one of the economic conditions affecting international business?
a)
Voting rates
b)
Inflation rates
c)
Unemployment rates
d)
GDP
85.
High dependency risks occurs when one party or another fails to pay for purchase.
a)
False
b)
True
86.
Government indiscretion is a type of economic risk.
a)
False
b)
True
87.
A company’s international marketing plan should be similar to its domestic marketing plan.
a)
False
b)
True
88.
What does etiquette refer to?
a)
The customary polite conduct of a group of people
b)
The laws of a group of people
c)
The customary foods of a group of people
d)
The traditional holidays of a group of people
89.
What percentage of the global economy do Europe and the U.S. account for?
a)
40 percent
b)
35 percent
c)
45 percent
d)
50 percent
90.
What is meant by “indirect eye contact”?
a)
Looking at someone’s forehead or shoulders
b)
Looking downward at the ground
c)
Looking into someone’s eyes
d)
Looking upward at the sky
91.
The Equal Employment Opportunity Commission was established in which of the following years?
a)
1965
b)
1960
c)
1990
d)
1975
92.
Which of the following is an acceptable Bonafide Occupational Qualification Question (BOQQ)?
a)
What was your first job?
b)
Are you married?
c)
Are you planning to have children?
d)
Will you be available to work religious holidays?
93.
Ethnicity and race refer to the same characteristics.
a)
False
b)
True
94.
Which of the following hypothetical situations is an example of a political factor influencing global marketing?
a)
The United States puts trade barriers on Iran for not suspending a military program
b)
Coca-Cola® changes the pronunciation of the brand in China
c)
Pizza Hut® does not advertise restaurants in rural China
d)
Apple® changes the price of computers because the value of the Euro drops
95.
A company must charge less for their shoes in Athens than they do in Rome, because on average customers in Athens are not able to spend as much as in Rome. This is an example of which of the following factors influencing pricing decisions?
a)
Market factors
b)
Product factors
c)
Environmental factors
d)
Firm-level factors
96.
Which of the following terms describes the product path from the producer to the final customer?
a)
A channel of distribution
b)
An intermediary
c)
An agent
d)
A buyer
97.
Which of the following accurately describes storage?
a)
Holding goods until they are sold
b)
Receiving, checking and marking goods
c)
Moving goods from a seller to a buyer
d)
None of the above
98.
Which of the following is the leading cause of shrinkage?
a)
Employee theft
b)
Vendor fraud
c)
Shoplifting
d)
Administrative error
99.
Which of the following is the exchange of thoughts, opinions or information by speech, writing or behavior?
a)
Communication
b)
Discussion
c)
Transmission
d)
Research
100.
Which of the following are the two types of listening?
a)
Active and passive
b)
Casual and business
c)
Assertive and passive
d)
Active and selective
101.
Hannah is giving a presentation to the class about the importance of eating healthy. The rest of the class are sitting at their desks while she is presenting her topic. Hannah’s distance in relation to her classmates is known as which of the following?
a)
Proximity
b)
Paralinguistic
c)
Inflection
d)
Orientation
102.
_________ listening can also be called pseudo listening.
a)
False
b)
Deep
c)
Partial
d)
Evaluative
103.
Which of the following is NOT a part of a report?
a)
Introduction
b)
Terms of reference
c)
Conclusions
d)
Findings
104.
James recently learned he was not promoted because the company wanted a younger person to lead the group. This is an example of ________ discrimination.
a)
Age
b)
Gender
c)
Race
d)
Ethnicity
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