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WorksheetsBBB4M : Chapter #10 Global Issues
Total questions: 62
Worksheet time: 31mins
What triggered the collapse of international markets in 2008?
Excessive risk-taking in the U.S. subprime mortgage market
High oil prices
Trade wars between countries
Natural disasters
What was the original intent of subprime loans?
To allow more lower-income Americans to own a home
To increase bank profits
To reduce interest rates
To encourage foreign investment
How did the decline in U.S. purchasing power affect Canadian companies?
It increased their profits
It led to major losses
It had no effect
It improved their market share
What was a major concern regarding Canadian consumers mentioned in the text?
Decrease in savings
Increase in personal debt
High unemployment rates
Low investment in technology
What was one of the consequences of banks losing money on subprime mortgage investments?
Increase in new business start-ups
Stability in the banking industry
Hesitancy to lend money
Growth in the housing market
What is protectionism?
The practice of promoting international trade
The practice of shielding a country’s domestic industries from foreign competition
The practice of reducing tariffs on imports
The practice of encouraging foreign investments
What was the U.S. government preparing to introduce on Bombardier?
A 50-percent tariff
A 100-percent tariff
A 220-percent tariff
A 10-percent tariff
Which company was involved in a dispute with Bombardier?
Airbus
Boeing
Lockheed Martin
Embraer
What effect do tariffs have on trade according to the text?
They decrease prices and increase trade
They have no effect on prices or trade
They cause prices to skyrocket and slow down trade
They stabilize prices and maintain trade levels
What was the economic impact on Britain in the year following the Brexit vote in 2016?
It became the fastest-growing economy in the G7
It remained stable
It became one of the slowest economies in the G7
It experienced no change
In 2017, which country became Canada's second-largest supplier of foreign goods?
United States
China
Mexico
Germany
What is the significance of China for Canadian goods as of 2017?
Minor market
Significant market
No market
Declining market
Why is the growth in the Chinese market important for Canadian businesses?
It is not important
It is important for exporters and importers
It is only important for importers
It is only important for exporters
What kind of new class is emerging in China due to its economic success?
Lower class
Upper class
Middle class
Working class
Which of the following is a global trend impacting Canadian business according to the document?
Fluctuating oil prices
Traditional farming methods
Local trade fairs
Manual bookkeeping
What is one of the topics mentioned that will shape future business practices?
Climate change and carbon pricing
Handwritten letters
Horse-drawn carriages
Candle making
What is a key area of focus for future business according to the document?
Cybersecurity and data protection
Quilting techniques
Ancient pottery
Woodworking
What is a significant trend influencing Canadian businesses?
Fluctuating oil prices
Rising interest rates
Increasing population
Declining technology use
What challenges do new pipelines pose according to the text?
Increase in oil prices
Environmental challenges and Indigenous rights
Decrease in oil demand
Political instability
What is sustainability often referred to as?
Conservation
Stewardship
Preservation
Management
What is the purpose of carbon pricing?
To increase carbon emissions
To pay for the right to emit CO2
To eliminate carbon emissions
To subsidize fossil fuels
Which country has made carbon pricing mandatory by all provinces?
United States
Canada
Mexico
Australia
What was a major issue in renegotiating NAFTA?
Environmental regulations
The gap in wages of Mexican autoworkers compared to their Canadian and American counterparts
Trade tariffs on electronics
Immigration policies
What was the impact of automation on jobs in the retail sector according to the text?
Increase in job opportunities
No impact on jobs
Threat to jobs
Creation of new job roles
What is the main idea behind Universal Basic Income (UBI)?
To provide a monthly government payment to every person
To increase taxes on the wealthy
To reduce government spending
To eliminate unemployment benefits
What is augmented reality (AR) often referred to as?
Virtual reality
Mixed reality
Digital reality
Enhanced reality
How does augmented reality differ from virtual reality?
AR completely immerses the user in a digital environment
AR adds computer-generated environments
AR adds computer graphics, sound, and feedback to the natural world
AR removes the real world from the user's view
What feature do General Motors and other auto manufacturers offer that uses augmented reality?
Virtual dashboard
Heads-up display (HUD)
Digital rearview mirror
Augmented windshield
What scandal was Volkswagen involved in that led to a significant financial penalty?
Emission-cheating scandal
Safety recall scandal
Financial fraud scandal
Labor rights scandal
What type of vehicles did Volkswagen invest in as part of their legal settlement?
Electric vehicles
Diesel vehicles
Gasoline vehicles
Hybrid vehicles
Which company received almost 400,000 pre-orders for its Model 3 in 2017?
Tesla
Ford
Volkswagen
General Motors
What is the first known cryptocurrency?
Ethereum
Litecoin
Bitcoin
Ripple
What is the process of creating Bitcoin by solving mathematical problems called?
Trading
Investing
Mining
Storing
Which of the following is a characteristic of blockchain technology?
Centralized control
Information is copied
Information is distributed
Limited to financial transactions
What is one of the main benefits of using blockchain technology in the supply chain?
Reducing production costs
Increasing product prices
Creating a transparent digital system
Eliminating the need for suppliers
What does geopolitics refer to?
The influence of geography, politics, and economics on a country
The study of geological formations
The impact of technology on society
The history of political systems
Which of the following is a geopolitical issue mentioned in the text?
Climate change
Terrorism
Space exploration
Renewable energy
Why do international businesses need to consider geopolitical tensions?
To improve their marketing strategies
To plan for risks that may occur
To enhance their technological capabilities
To increase their workforce
Which crisis is mentioned as a geopolitical issue in the text?
The Syrian crisis
The Russia–Ukraine crisis
The Brexit crisis
The North Korean crisis
How does terrorism affect foreign air travel?
Reduces luggage searches
Decreases airport security taxes
Increases wait times and costs
Simplifies bureaucracy
What measures has Canada implemented to reduce international terrorism?
Increasing tourism
Promoting international trade
Imposing an arms embargo
Reducing airport security
What organization has helped prevent the spread of diseases like SARS and avian flu globally?
United Nations
World Health Organization (WHO)
Centers for Disease Control and Prevention (CDC)
Red Cross
Which city was particularly affected economically by the SARS epidemic due to a decrease in tourism?
Vancouver
Montreal
Toronto
Ottawa
Why is the Zika virus particularly dangerous to pregnant women?
It causes severe birth defects
It leads to respiratory issues
It causes high fever
It results in skin rashes
What is one of the main industries in Ukraine?
Textile
Manufacturing and energy
Tourism
Agriculture
What are the three main reasons to travel outside of Canada mentioned in the text?
Vacation, study, work
Shopping, sightseeing, dining
Adventure, relaxation, exploration
Business, leisure, education
What should you ensure you have when traveling internationally according to the text?
A travel guidebook
Proper documentation such as a passport, visa, or work permit
A local currency exchange
A travel insurance policy
What document is required to enter another country?
Driver's license
Birth certificate
Passport
Citizenship card
What must travelers prove to obtain a passport?
Their age
Their occupation
Their citizenship
Their income
What is a visa?
A certificate issued by a country allowing entry for a specified purpose
A document that replaces a passport
A ticket for international travel
A type of currency used in foreign countries
What does a work visa allow you to do in the host country?
Study
Travel
Work
Retire
Which visa allows Canadian workers to enter the United States?
Student visa
Tourist visa
NAFTA professional (TN) visa
Green card
What is the purpose of the Temporary Foreign Workers Program (TFWP) in Canada?
To provide permanent residence to all foreign workers
To address long-term labor shortages
To allow businesses to hire foreign workers for short-term labor shortages
To replace Canadian workers with foreign workers
How long can most foreign workers stay in Canada under the TFWP before returning to their home country?
Two years
Four years
Six years
Eight years
What is required from Canadian employers to hire foreign workers under the TFWP?
A document proving a shortage of skills for the position
A permanent residence application
A tourist visa
A health certificate
What health requirements might be needed for certain work visas in Canada?
No health requirements
A general fitness test
A medical exam
A language proficiency test
What are the most commonly restricted items for Canadian travelers?
Electronics and clothing
Firearms, tobacco, and alcoholic beverages
Books and magazines
Jewelry and watches
Which of the following occupations might require working in other countries as part of the job?
Foreign service workers
Engineers
Writers
Journalists
What is one advantage of living and working in a foreign country?
Learning a new language
Higher taxes
Limited cultural exposure
Less job security
How can working abroad benefit a résumé?
Shows diverse experiences
Indicates a lack of stability
Suggests limited skills
Demonstrates local expertise
What is a common emotional challenge people face when working abroad?
Excitement
Isolation
Joy
Confidence
Why might working in a non-English speaking country be difficult?
Lack of entertainment
Communication difficulties
High cost of living
Limited job opportunities
