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Unit 2 Review MC
Test Description: MC Questions
Instructions: Answer all questions to get your test result.
1) A method of international business with the lowest risk is
A
foreign direct investment
B
franchising
C
a joint venture
D
indirect exporting
2) When a movie company allows its cartoon characters to be used on clothing items produced in other countries, is is an example of
A
management contracting
B
licensing
C
a wholly owned subsidiary
D
direct exporting
3) A joint venture exists when
A
a company obtains the right to use a company name or business process
B
companies in two countries are taxed as a single organization
C
a foreign government buys imported goods or services
D
two or more companies share a business venture
4) A separate foreign company owned by a parent company is called a
A
municipal cooperation
B
wholly owned subsidiary
C
cooperative
D
joint venture
5) Of the following statements, the one that does not describe a multinational company is that
A
none of the these
B
its strength is that if offers a different product in each market
C
a country may become too dependent on it
D
it maintains both an international and local perspective
6) Many people believe that multinational companies need to be regulated and controlled because
A
none of these
B
they make too much money
C
they do not employ citizens of the host countries to a large enough extent
D
they may dominate a country's economy and control the political situation
7) Of the following methods for getting involved in international business he one the the lowest risk is
A
licensing
B
management contracting
C
foreign direct investment
D
joint venture
8) Of the following methods for getting involved in international business, the one with the highest risk is
A
foreign direct investment
B
licensing
C
joint venture
D
management contracting
9) An organization that bonds countries together to allow a free flow of products is called
A
a balance of trade agreement
B
an industry
C
a monopoly
D
an economic community
10) Two reasons why importing is important are because
A
none of these
B
your country has a competitive advantage and home-country products are more expensive
C
availability of parts for manufacturing and customs duties
D
customers want the product and its cheaper from another country
11) A purchase agreement should include all of the following details except
A
the amount of customs duty
B
who will pay for shipping
C
how will payment be made
D
when will the items be delivered
12) Of the following business transactions, the only one that describe an importing activity is
A
a retailer in Sweden receives goods from Mexico to sell in a chain of stores
B
none of the these
C
a wholesaler in Brazil packs goods for shipment to Liberia
D
a restaurant food supplier in Japan ships sushi ingredients to a restaurant in Turkey
13) A company exported appliances to Italy. Italians did not buy the appliances because they would not work with the way Italian electrical current is supplied. The step in the exporting process the exporter did not properly complete is
A
complete the transaction
B
agree on sales terms
C
meet the needs of customers
D
provide products or services
14) Products that do no usually require much modification for foreign customers include
A
skin care products
B
laundry detergent
C
clothing
D
none of these
15) The exchange rate for a stable country
A
changes somewhat from day to day
B
is always based on the U.S. dollar
C
remains the same unless there is a political change
D
none of these
16) Parties that can appear before the International Court of Justice include
A
only companies
B
only countries
C
countries and companies
D
countries, companies, and individuals
17) A person who makes duplicate copies of a video tape of a commercial movie and then sells it would be violating a
A
none of these
B
patent
C
copyright
D
trademark
18) International Treaties and trade agreements may serve all of the following purposes except
A
helping to ensure fair competition practices between member countries
B
helping to provide unity between different cultures and customs
C
setting currency exchange rates
D
allowing free flow of goods and services between member countries
19) Of the following, the one that is not a reason for mediation or arbitration instead of court action to settle a dispute is
A
to save time
B
to avoid the risk of discriminatory treatment in a foreign court
C
to follow legal procedures
D
to avoid bad publicity
20) A mediator does all of the following except
A
makes a binding decision
B
addressess the substance of the dispute
C
makes suggestions and proposals
D
helps the parties to reach a compromise
*select an answer for all questions
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