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WorksheetsInternational Business Quiz 1
Total questions: 12
Worksheet time: 4mins
FANTA
NAFTA
USCANMEX
Developing nations tend to trade what type of goods
A global company can ___________ its experience to expand its global operations
Contract
Expand
Leverage
Minimize
Mercantilism is an economic philosophy advocating that countries should simultaneously encourage imports and discourage exports.
True
False
A situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country or what they can produce and sell to another country.
New trade
Free trade
International trade
Globalization refers to:
Less investment but more trade
A more integrated and interdependent world
More Foreign Direct Investments
All of the above
Which of the following is NOT a driver of globalization?
The fragmentation of consumer tastes between countries.
The competitive process.
Multinational companies successfully persuading governments to lower trading barriers.
The spread of affordable communication technology
Milka is using Disney characters on the packaging of its chocolate bars. Which statement is correct?
This is a case of franchising
Milka is the franchisee
Disney is the licensor
Disney is the licensee
One of the main tasks of the World Trade Organization is to handle trade disputes between its member countries
True
False
Which of the following constitutes Foreign Direct Investment?
A speculator trying to make a profit by buying company shares on a foreign stock exchange.
A UK energy company buying territory abroad where it expects to find oil reserves
A tourist purchasing foreign currency to spend on a holiday abroad.
A company signing an agreement with a wholesaler to distribute its products in foreign markets
What is the relationship between economic growth and productivity?
Economic growth is the only factor that affects productivity.
Productivity is the only factor that affects economic growth.
Economic growth and productivity are positively related.
Economic growth and productivity are not related.
Which one of the following is NOT included in GDP? (choose all that apply!)
a newly produced and sold computer.
a newly imported computer.
a newly constructed house that is sold.
an old house that is resold.
