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WorksheetsInternational Business Quiz
Total questions: 20
Worksheet time: 9mins
T or F: The World Trade Organization wants to eliminate import quotas
True
False
Not mentioned
Not applicable
Which of the following is not imported into the US in large quantities?
Rice
Tea
Wheat
Coffee
Coca Cola uses which type of MNC strategy?
Export Strategy
Global Standardization Strategy
Transnational Strategy
Localization Strategy
In Iowa farmers choose to produce large quantities of Corn. this is an example of...
Absolute Advantage
Diversification
Comparative Advantage
Specialization
Which of these countries do we have an embargo with?
Canada
Cuba
Mexico
Germany
A company expanding to Korea asks you to research their customs and values, what is this?
Market Research
Cultural Analysis
Competitive Analysis
Financial Analysis
Infrastructure refers to what?
Economic policies
Technological advancements
Physical structures and facilities
Social norms and values
T or F: Franchising is selling the right to use a trademark or brand name for a fee or royalty
Not applicable
Not mentioned
False
True
Which global market entry strategy involves partnering with a local company?
franchising
exporting
licensing
joint venture
Climate, terrain, seaways and natural resources all describe which element of the international business environment?
Geographic Conditions
Political & Legal
Economic Conditions
Culture
Type of government, political stability and laws towards business are all examples of which of the elements of the international business environment?
Culture
Economic Conditions
Geography
Political & Legal
Countries that trade with one another usually have improved political relationships.
True
False
Which of the following is NOT a key part of the international business environment?
Geography
Culture
Political & Legal
Marketing
Business activities are needed to creating, shipping, and selling goods and services across national borders is...
International Business
Domestic Business
Imports
Exports
Which of the following is a tariff?
a discount on goods or services
an added tax on goods and services
a coupon on goods and services
a stop on goods and services
Countries use embargoes to...
punish other countries for doing something they don't like.
encourage trade with other countries.
give countries discounts on trading there.
do not affect trade between countries.
In 2010, Mexico imposed a limit of 250,000 tons of sugar that could be imported into Mexico. This is a(n)...
Tariff
Quota
Embargo
In 1962, the United States prohibited all imports and exports to and from Cuba. This is a(n)...
Tariff
Quota
Embargo
In 2010, China announced that it would impose and import a tax on American poultry of up 105.4 percent. This is a(n)...
Tariff
Quota
Embargo
Argentina increased taxes to 9% on the import of milk powder after record levels of imports and fears Argentina farmers would suffer falling incomes. This is a(n)...
Tariff
Quota
Embargo
