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WorksheetsGlobal Environment Study Guide
Total questions: 24
Worksheet time: 8mins
Name
Class
Date
1.
Nike is busted paying out over $24 million in bribes for construction of stores in Syria
a)
Corruption
b)
Embargo
c)
Sweatshop
d)
Supply Chain
2.
Apple agrees to sponsor NFL Halftime Show
a)
Countertrade
b)
Balance of Trade
c)
Strategic Alliance
d)
Bribery
3.
GM contracts with a businees in India because it is cheaper for the business in India to build transmissions
a)
Offshoring
b)
Outsourcing
c)
Strategic Alliance
d)
Countertrade
4.
What is an example for the 3 Factors of Production
a)
Gold, Intellect, Ovens
b)
Land, Labor, Cash
c)
Natural, Labor, Cash
d)
Limestone, Leadership, Lions
5.
United States issues a tax on all imports Russia
a)
Tariff
b)
Supply Chain
c)
Corruption
d)
Trade Surplus
6.
Mexico is the only country that can grow and harvest avocados
a)
Trade Deficit
b)
Comparative Advantage
c)
Strategic Alliance
d)
Absolute Advantage
7.
Canada and Europe can both produce oxygen tanks. Because of limited resources, Canada makes a strategic decision to purchase the tanks from Europe.
a)
Competitive Advanage
b)
Absolute Advantage
c)
Exports
d)
Imports
8.
Two countries have no cash. One gives food in exchange for life saving medicine
a)
Embargo
b)
Trade Deficit
c)
Countertrade
d)
Absolute Advantage
9.
Walmart moves production from United States to Asia because labor is cheaper
a)
Exporting
b)
Outsourcing
c)
Corruption
d)
Offshoring
10.
US Exports $70 Billion to China. China Exports $140 Billion to US. China has a
a)
Countertrade
b)
Trade Deficit
c)
Trade Surplus
d)
Globalization
11.
US Exports $10 Billion to Canada. Canda Exports $10 Billion to the US
a)
Countertrade
b)
Balance of Trade
c)
Conflict of Interest
d)
Offshoing
12.
US restricts imports and exports from countries Iran because they support international terrorists
a)
Embargo
b)
Corruption
c)
Trade Deficit
d)
Conflict of Interest
13.
What is the term for receiving products from other countries
a)
Imports
b)
Trade Balance
c)
Exports
d)
Supply Chain
14.
What is the term for sending products/services to other countries
a)
Import
b)
Trade Imbalance
c)
Export
d)
Trade Surplus
15.
Network between a company and its suppliers to produce and distribute specific products
a)
Trade Balance
b)
Supply Chain
c)
Strategic Alliance
d)
Business Management
16.
The increase in the flow of goods, services, capital, people, and ideas across international boundaries
a)
Globalization
b)
Trade Balance
c)
Trade Agreement
d)
Business Management
17.
A tax imposed by one country on the goods and services imported from another country
a)
Embargo
b)
Tariff
c)
Corruption
d)
Conflict of Interest
18.
The difference between the value of a country's exports and the value of a country's imports for a given period
a)
Trade Deficit
b)
Trade Balance
c)
Trade Surplus
d)
International Business
19.
A government order that restricts commerce with a specified country or the exchange of specific goods
a)
Corruption
b)
Embargo
c)
Tariff
d)
Bribery
20.
A reciprocal form of international trade in which goods or services are exchanged for other goods or services
a)
Exports
b)
Imports
c)
Supply Chain
d)
Countertrade
21.
Basing a business/part of a business in a different country, usually because this involves paying less/costs
a)
Offshoring
b)
Exporting
c)
Conflict of Interest
d)
Tariff
22.
Workplace in which workers are employed at low wages and under unhealthy or oppressive conditions
a)
Factory
b)
Sweatshop
c)
Outsourcing
d)
Countertrade
23.
An arrangement between two companies to undertake a mutually beneficial project while each retains its independence
a)
Balance of Trade
b)
Marketing
c)
Strategic Alliance
d)
Countertrade
24.
US Imports $58 billion in services from China. China imports $19 billion in services from US. US has a
a)
Trade Surplus
b)
Trade Deficit
c)
Trade Balance
d)
Supply Chain
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