Question 1

Bombardier sells trains to European countries.To the European countries,these trains are an example of which of the following?

Accepted Answer

A)   imports
B)   countertrades
C)   intangibles
D)   exports

Question 2

In 2010,Albania exported $340 million and imported products valued at $1.5 billion.What does the difference between the dollar value of its exports and imports represent?

Accepted Answer

A)   its positive exchange rate
B)   its positive balance of payment
C)   its trade deficit
D)   its trade surplus

Question 3

The World Bank's emphasis has recently shifted from helping to build the infrastructure of developing countries to which of the following goals?

Accepted Answer

A)   developing new agricultural techniques for developing countries
B)   purchasing food for the population of developing countries
C)   building highways, schools, and hospitals for developing countries
D)   offering loans to help to relieve the debt burden of developing countries

Question 4

The difference in value between a country's imports and exports is called its balance of payments.

Accepted Answer

A) True 
 B)False

Question 5

How would you describe the balance of trade in a country that exports more than it imports?

Accepted Answer

as having a favourab...

Question 6

When a country sells its products in a foreign country at a cheaper price than usual,and sometimes even at a loss,it is dumping products.

Accepted Answer

A) True 
 B)False

Question 7

One of the difficulties in doing business in France is that often the business must be conducted in French.Therefore,which of the following attitudes appear to be extremely important in France?

Accepted Answer

A)   unionism
B)   nationalism
C)   federalism
D)   multinationalism

Question 8

Companies can use several methods to participate in the global marketplace.To which of the methods is franchising most closely related?

Accepted Answer

The answer of Companies can use several methods to participate...

Question 9

Which of the following is an argument for tariffs that protect domestic businesses and workers?

Accepted Answer

A)   the protection of industries and technology vital to defence preparedness
B)   the maintenance of improved quality of products to protect consumers
C)   the quota system argument
D)   the protection of large, established businesses

Question 10

Grand Metropolitan,a British company,purchased North American-based Pillsbury Co.in order to expand its product line and the market for its existing consumer products.Metropolitan's purchase was an example of which of the following activities?

Accepted Answer

A)   direct foreign investment
B)   an international corporation
C)   an international cooperative
D)   a limited partnership

Question 11

A country that exports more goods than it imports is said to exhibit which of the following?

Accepted Answer

A)   a favourable balance of payment
B)   a negative trade deficit
C)   a favourable balance of trade
D)   an unfavourable balance of trade

Question 12

Which of the following is defined as the difference in value of a country's exports and imports over a period of time?

Accepted Answer

A)   federal deficit
B)   federal surplus
C)   balance of trade
D)   balance of exchange

Question 13

Which of the following statements best describes dumping?

Accepted Answer

A)   Dumping is legal provided that it is government subsidized.
B)   Most industrialized nations have passed laws to make dumping illegal.
C)   Canada has not been a victim of dumping.
D)   Dumping is a form of export quota.

Question 14

Which of the following characteristics is exhibited by a company that has a global vision?

Accepted Answer

A)   being interested in nothing more complicated than exporting
B)   having a very nationalistic view of the world
C)   recognizing and reacting to international business opportunities
D)   following its competition into foreign markets

Question 15

A policy of permitting the people of a country to buy and sell where they please,without restrictions,is called which of the following?

Accepted Answer

A)   protectionism
B)   free trade
C)   premium exchange
D)   comparative advantage

Question 16

Which of the following are laws that require a company earning foreign currency from its exports to sell the foreign currency to a control agency,usually a central bank?

Accepted Answer

A)   currency policies
B)   laws of balanced exchange
C)   favourable exchange regulations
D)   exchange controls

Question 17

What is the most fundamental reason for the growth in world trade?

Accepted Answer

the need f...

Question 18

The Uruguay Round of trade negotiation is an agreement that affects trade only among Latin American countries.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following best describes the term "preferential tariff"?

Accepted Answer

A)   The tariff applies only to luxury items.
B)   The tariff limits the number of products that can be imported from particular countries.
C)   Tax is placed on countertrades.
D)   Tariff advantages are given to one country over others.

Question 20

Canadian manufacturers sell automobiles in South Korea.To South Korea,the automobiles represent which of the following?

Accepted Answer

A)   countertrades
B)   exports
C)   imports
D)   exchanges

Exam 5: International The Global Marketplace

Companies can use several methods to participate in the global marketplace.To which of the methods is franchising most closely related?

Correct AnswerverifiedShow Answer

What is the most fundamental reason for the growth in world trade?

Correct Answerverifiedthe need f...View AnswerShow Answer

Which of the following statements best describes dumping?

Correct AnswerverifiedShow Answer

Which of the following characteristics is exhibited by a company that has a global vision?

Correct AnswerverifiedShow Answer

In 2010,Albania exported $340 million and imported products valued at $1.5 billion.What does the difference between the dollar value of its exports and imports represent?

Correct AnswerverifiedShow Answer

Which of the following are laws that require a company earning foreign currency from its exports to sell the foreign currency to a control agency,usually a central bank?

Correct AnswerverifiedShow Answer

The difference in value between a country's imports and exports is called its balance of payments.

Correct AnswerverifiedShow Answer

The World Bank's emphasis has recently shifted from helping to build the infrastructure of developing countries to which of the following goals?

Correct AnswerverifiedShow Answer

One of the difficulties in doing business in France is that often the business must be conducted in French.Therefore,which of the following attitudes appear to be extremely important in France?

Correct AnswerverifiedShow Answer

Which of the following is defined as the difference in value of a country's exports and imports over a period of time?

Correct AnswerverifiedShow Answer

When a country sells its products in a foreign country at a cheaper price than usual,and sometimes even at a loss,it is dumping products.

Correct AnswerverifiedShow Answer

How would you describe the balance of trade in a country that exports more than it imports?

Correct Answerverifiedas having a favourab...View AnswerShow Answer

Which of the following is an argument for tariffs that protect domestic businesses and workers?

Correct AnswerverifiedShow Answer

A country that exports more goods than it imports is said to exhibit which of the following?

Correct AnswerverifiedShow Answer

A policy of permitting the people of a country to buy and sell where they please,without restrictions,is called which of the following?

Correct AnswerverifiedShow Answer

Bombardier sells trains to European countries.To the European countries,these trains are an example of which of the following?

Correct AnswerverifiedShow Answer

Canadian manufacturers sell automobiles in South Korea.To South Korea,the automobiles represent which of the following?

Correct AnswerverifiedShow Answer

Which of the following best describes the term "preferential tariff"?

Correct AnswerverifiedShow Answer

Grand Metropolitan,a British company,purchased North American-based Pillsbury Co.in order to expand its product line and the market for its existing consumer products.Metropolitan's purchase was an example of which of the following activities?

Correct AnswerverifiedShow Answer

The Uruguay Round of trade negotiation is an agreement that affects trade only among Latin American countries.

Correct AnswerverifiedShow Answer

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the need f...
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as having a favourab...
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