A joint venture is an agreement between two companies to do business together while remaining independent.

Canada is ranked as one of the top five in the Global Competitiveness Index.

A company’s international marketing plan should be similar to its domestic marketing plan.

Not being aware of foreign laws can put the business in high-risk situations.

Balance of trade is the difference of a country’s exports minus its imports.

Government indiscretion is a type of economic risk.

High dependency risks occurs when one party or another fails to pay for purchase.

Business risks are generally greater when a business first begins operation.

Speculative risks are most commonly associated with businesses.

Which of the following is NOT a way workplace technology is changing the profile of today’s workplace as mentioned in the presentation?

Efficient companies have increased their specialization and technology.

Efficiency can be improved by gathering information from customers.

What term is used to describe the ability to cause a desired or intended result, for example, the ability to offer goods/services consumers want?

What is the term used to describe the ability to achieve a desired result without wasted energy, for example producing goods/services quickly and at a low cost?

One reason for increased global competition is the industrialization of foreign countries.

In 2010, the most common U.S. family household was married couples without children.

Which of the following is not an effect of the changing population and social demands in the United States?

In 1910, the smallest percentage of Americans lived in the __________, but in 2010, the smallest percentage of Americans lived in the __________.

Continuing immigration and higher birth rates among minority populations are causes for the increase in cultural diversity in the United States.

Which of the following is NOT true of working abroad?

An agreement where one company makes an asset available to another company in exchange for compensation is considered which of the following?

International law in global business does NOT include which of the following purposes?

Which agreement focuses on tariffs related to agriculture, textiles and automobiles?

When implementing economic integration, which of the following is NOT a problem one may encounter?

Which of the following is NOT a type of foreign aid?

When a country is a member to this level of economic integration, the countries involved have a common currency and similar tax rates. Which type of economic integration does this demonstrate?

Which of the following is NOT considered a debit item in the balance of trade?

When considered low, the economy shows a rising currency value. Which of the following terms describes this occurrence?

How often does the foreign exchange take place?

________ is the chance that political forces may change a country's business environment in ways that lead investors to lose some or all of the value of their investment.

Which of the following are considered major international business risks?

What is international trade?

1. When a company ships a product to a buyer in another country it is engaging in:

What of the following is not a barrier to free trade?