WorksheetsBA 302 - International Business and Trade
Total questions: 32
Worksheet time: 19mins
Family Name, First Name:
TRUE or FALSE.
Early traders have not been credited of contributing to the spread of knowledge and ideas.
TRUE
FALSE
TRUE or FALSE.
Government business is also motivated by profit.
TRUE
FALSE
TRUE or FALSE.
Trading globally gives consumers and countries the opportunity to be exposed to goods and services not available or more expensive in their own countries.
TRUE
FALSE
TRUE or FALSE.
TRADE is the pathway to modern civilization!
TRUE
FALSE
TRUE or FALSE.
By integrating other's worlds into your own, you enlarge and enrich your perspective and become enlightened and elevated in the process.
TRUE
FALSE
TRUE or FALSE
From the very start, there were already First World and Third World countries.
TRUE
FALSE
The following are items traded during the Middle Ages which were known to have contributed toward the enrichment of European manorial and monastic life EXCEPT for ONE.
condiments
milk
spices
silk
What is the primary goal of any private business?
contribute to society
strengthen the organization
train employees
make profits
In international trade, market is more competitive. What process brings a cheaper product home to the consumer?
competitive pricing
quality branding
strategic marketing
improved packaging
Which of the following are reasons why the study of international business is important? You may choose more than one (1).
Modes of operations may differ from those used domestically
The best way of conducting business may differ by country
An understanding helps make better career decisions
An understanding helps decide what governmental policies to support.
_____ _______is the use of power machines in factories which substituted for the use of hands and simple tools to increase output production
Commercial Documents
Industrial Revolution
Laissez Faire
Commercial Law
A fiduciary agent for the buyer (importer) and the seller (exporter), guarantees the exchange of documents giving title to the merchandise.
Commercial Law
Industrial Revolution
Banking Institution
Laissez Faire
Which of the following are similarities of the two kinds of trade? Choose more than one (1) answer.
Both deal in a uniform currency.
Both deal in the same objects of exchange, that is goods and services.
Both are carried on by individuals and business firms.
Both are stimulated by the desire for profit.
Chose two (2) of the following main reasons why States trade with each other.
Economic Reason
Environmental Reason
Political Reason
Personal Reason
Which among the following factors are differences of the two kinds of trade? Choose more than one (1) answer.
Products and Services
Independent Currency System
Tariffs and Other Trade Restrictions
Movement of Labor and Capital
It is the law governing international business transactions.
International Commercial Law
International Marketing Law
International Business Law
International Transaction Law
The following are reasons explaining why there is a need for international trade rules, except for ONE:
The rules satisfy the need of traders and investors for a degree of security and predictability
The rules allow countries from taking trade-restrictive measures...
The rules help states cope with the challenges presented by economic globalization...
It is the need to achieve a greater measure of equity in international economic relations.
Which of the following are six rules for finding out what is really going on in a culture?
Don't assume, Be quiet, Look, Listen, Feel, Ask questions
Don't assume, Be ready, Look, Listen, Feel, Ask questions
Don't ask, Be quiet, Look, Listen, Feel, Be steady
Don't ask, Be quiet, Look, Smile, Feel, Be steady
A doctrine that says that a nation is sovereign within its own borders and its domestic actions may not be questioned in the courts of another nation.
'Jurisdictional Immunity' Doctrine
'Absolute Immunity' Doctrine
'Act of State' Doctrine
'Sabbatino' Doctrine
Which is not a reason why a business expand abroad?
to increase turnover and profit
create new ideas
strengthen the business' reputation
ensure the sourcing of raw materials
The following are nature of International Business, except for ONE:
Partial Information
Timely Information
Large Size
More Potential
Which among the following countries is not part of the 'Five Dragons' who were successful in moving from "rags to riches"?
Taiwan
Singapore
South Korea
Vietnam
What is International Business?
What are the kinds of trade?
(a)
Other term for INTERNATIONAL trade
(a)
What is the meaning of UNCITRAL
(a)
What is the meaning of UNCTAD?
(a)
What is the meaning of ICC?
(a)
What is the meaning of MNC?
(a)
Give 3 problems in International Business?
Remember this :-)
- PIRL I. ENQUILINO, DBA
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