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Worksheets2022 Final Exam S & T
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
2.
investor purchases part of a company through stocks; no real control of company
a)
Portfolio Investment
b)
Comparative Advantage
3.
exchange of one currency for another; conversion of one currency into another
a)
Foreign Exchange
b)
Direct Investment
4.
amount charged by a lender to a borrower for the use of their money
a)
Interest Rate
b)
Inflation
5.
tariffs between member countries are predetermined and applied to other countries
a)
Custom Union
b)
Economic Integration
6.
monetary and fiscal policies between member countries are coordinated by political integration
a)
Economic Union
b)
Common Market
7.
goods or services brought into one country from another
a)
Imports
b)
Political Union
8.
goods are exported from a company through a third party company
a)
Indirect Exporting
b)
Exports
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
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
11.
rights given to persons over the creations of their minds
a)
Intellectual Property Rights
b)
Export Management Companies
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
13.
achievements which make a person more appealing to a potential employer
a)
Employability
b)
Multinational Company
14.
trade within the same region or country
a)
Domestic Trade
b)
Bilingualism
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
16.
fixed limit on the amount of import/export of a product set when trading with another country
a)
Quota
b)
Foreign Exchange Rate
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
18.
items transported into a country from a foreign country
a)
Imports
b)
International Trade
19.
government based restrictions placed on international trade
a)
Trade Barriers
b)
World Trade Organization
20.
percentage of the value of the import
a)
Ad Valorem
b)
Revenue Tariff
21.
place an absolute ban on imports or exports in a certain country
a)
Embargoes
b)
Specific Tariff
22.
refusal of buying goods from another country
a)
Boycotts
b)
Subsidies
23.
trade barrier which imposes extra cost on imports to protect local businesses
a)
Protectionism
b)
Flexible Exchange Rate
24.
trade agreement between two nations
a)
Bilateral Trade Agreement
b)
International Trade Agreements
25.
free trade agreement among Canada and the EFTA countries
a)
Canada-European Free Trade Association
b)
Trade Bloc
26.
trade agreement which provides fair trade rules, reduction on tariffs and other trade barriers
a)
General Agreement on Tariffs and Trade
b)
EFTA
27.
the subject of economics across national boundaries
a)
International Finance
b)
North American Free Trade Agreement
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
29.
the rate for currencies exchanged today for delivery in the future, usually up to 180 days
a)
Forward Rate
b)
Spot Rate
30.
a risk in which the exchange rates of either of the two countries will fluctuate
a)
Exchange Rate Risk
b)
Economic Risk
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
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
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
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
35.
the processes, procedures and rules used in business
a)
Business Practices
b)
Etiquette
36.
being free of dirt
a)
Cleanliness
b)
Personal Space
37.
looking at someone's forehead or shoulders rather than at the eyes
a)
Indirect Eye Contact
b)
Pofta Buna
38.
a culture which stresses independence and give priority to individual welfare
a)
Individualist Culture
b)
Collectivist Culture
39.
a meal with many public plates for parties to share; common in many East Asian countries
a)
Family Style Meal
b)
Nonverbal Signal
40.
an internationally recognized travel document valid for international travel by air, sea or land
a)
Passport Book
b)
U.S. Department of State
41.
plurality of culture along various cultural dimensions or cultural locations
a)
Diversity
b)
Import Restrictions
42.
characters who are highly respected and serve as an ideal role model in a culture
a)
Heroes
b)
Symbols
43.
cultural standards or judgments of what is and is not right, good or desirable
a)
Values
b)
Rituals
44.
people sharing common languages, customs, rituals, traditions, religions and cultures
a)
Ethnic Group
b)
Race
45.
factors a business can use to influence consumers; called marketing mix
a)
Controllable Factors
b)
Marketing
46.
diverse
a)
Heterogeneous
b)
Perishable
47.
consumers must interact with the producer of a service
a)
Inseparable
b)
Homogeneous
48.
establishing a standard for products, distribution, price, or promotion to follow
a)
Standardize
b)
Global Marketing
49.
businesses in the channel progressing products from the manufacturer to the final customer
a)
Intermediaries
b)
Channels of Distribution
50.
wholesaler that manages inventory and merchandising by counting stock, maintaining store displays and filling them in when needed
a)
Rack Jobber
b)
Wholesalers
51.
automatic retailing, TV home shopping, catalogs, online shopping and vending stores
a)
Non-store Retailers
b)
Brick and Mortar
52.
distributing products to one intermediary within a protected territory of a geographic area; high profit margin
a)
Exclusive Distribution
b)
Indirect Channels
53.
distributing products to all suitable intermediaries for complete market coverage
a)
Intensive Distribution
b)
Selective Distribution
54.
commerce under U.S. regulation which occurs between states
a)
Interstate
b)
Transportation
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
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
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
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
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
60.
exchange of thoughts, opinions or information by speech, writing or behavior
a)
Communication
b)
Standard Electronic Data Interchange (EDI)
61.
thought, idea, opinion, etc. which the sender has encoded and wants conveyed
a)
Message
b)
Sender
62.
target of the message
a)
Receiver
b)
Channel
63.
process of mentally processing a message
a)
Decoding
b)
Receiving
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
65.
communication style characterized by the use of manipulation to achieve an end goal
a)
Aggressive Communication
b)
Assertive Communication
66.
type of listening which involves the listener taking in information with little to no outward reaction
a)
Passive Listening
b)
Active Listening
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
68.
a paid communication which attempts to influence opinion
a)
Advertising
b)
Public Relations
69.
the receiver hears only the content and not the feeling of the message
a)
Deliberative Listening
b)
Marketing
70.
receiver is physically hearing the words, but choosing not to acknowledge the words
a)
Selective Listening
b)
False Listening
71.
is a formal meeting where a person is asked to communicate skills, experiences and interests
a)
Interview
b)
Deep Listening
72.
postures, facial gestures and expressions sometimes done unintentionally
a)
Nonverbal Communication
b)
Verbal Communication
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
74.
Which of the following is NOT a type of foreign aid?
a)
Food Stamps Abroad
b)
150 Account
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
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
77.
About how much of the total federal budget does foreign aid account for?
a)
One percent
b)
Five percent
78.
Which of the following is NOT a way money moves from one country to another?
a)
Foreign policy development
b)
Tourism
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
80.
Which of the following was listed as a good area for Free Trade Zones?
a)
Seaports
b)
Borders
81.
Which is NOT one of the reasons international trading is important?
a)
Expand United States affairs
b)
Unrestricted flow of goods
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
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
89.
What percentage of the global economy do Europe and the U.S. account for?
a)
40 percent
b)
35 percent
90.
What is meant by “indirect eye contact”?
a)
Looking at someone’s forehead or shoulders
b)
Looking downward at the ground
91.
The Equal Employment Opportunity Commission was established in which of the following years?
a)
1965
b)
1960
92.
Which of the following is an acceptable Bonafide Occupational Qualification Question (BOQQ)?
a)
What was your first job?
b)
Are you married?
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
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
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
97.
Which of the following accurately describes storage?
a)
Holding goods until they are sold
b)
Receiving, checking and marking goods
98.
Which of the following is the leading cause of shrinkage?
a)
Employee theft
b)
Vendor fraud
99.
Which of the following is the exchange of thoughts, opinions or information by speech, writing or behavior?
a)
Communication
b)
Discussion
100.
Which of the following are the two types of listening?
a)
Active and passive
b)
Casual and business
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
102.
_________ listening can also be called pseudo listening.
a)
False
b)
Deep
103.
Which of the following is NOT a part of a report?
a)
Introduction
b)
Terms of reference
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
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