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POD Review 3
Test Description: POD
Instructions: Answer all questions to get your test result.
1) India limits the amount of imported wheat products to protect its own industry. This is an example of which international trade barrier?
A
Embargoes
B
Quotas
C
Free-trade zone
D
Political and legal concerns
2) Syria is banned from selling products within other countries. This is an example of which international trade barrier?
A
World Trade Organization
B
Free Trade
C
Embargoes
D
Franchising
3) Laos has limited infrastructure that will hinder international businesses to conduct transactions in it. This country depends heavily on the agricultural industry. Which main factor is this information about this country classified?
A
Cultural influences
B
Geography
C
Economic development
D
Political stability
4) The government of the United States allows consumers to make decisions about goods and services consumed. Which main factor of the international business environment is this information about this country classified?
A
Political stability
B
Common markets
C
Free-trade agreement
D
Political and legal concerns
5) Due to the high volume of travelers visiting the United Kingdom, the country has set up duty-free shops in highly visited areas. This is an example of which encouragement of international trade?
A
Free Trade Agreement
B
Absolute
C
Free-trade zone
D
Political Stability
6) If a country is in a civil war and its government changes abruptly, this is an example of which factor that influences international currency exchange?
A
Common markets
B
Free-trade agreement
C
Political and legal concerns
D
Political stability
7) Which statement is true about balance of payment?
A
World Trade Organization
B
Political and legal concerns
C
Balance of payments is favorable when a country receives more money into it than it pays out.
D
Cultural influences
8) Cuba bans American products to be sold within its country. This is an example of which international trade barrier?
A
Free-trade agreement
B
Free-trade agreement
C
Cuba bans American products to be sold within its country. This is an example of which international trade barrier?
D
Quotas
9) Several Prime Ministers of East African countries are negotiating the trade of products and services throughout the Eastern region. This is an example of which encouragement of international trade?
A
Elaborate Get Rich Quick Schemes
B
Free Trade Agreements
C
World Trade Organization
D
Common markets
10) While conducting business in Japan, Shari adjusted her gift-giving practices to accommodate her Japanese business-partners. Which main factor of the international business environment did Shari consider?
A
Cultural influences
B
Political and Legal Concerns
C
Political Stability
D
Free Trade Agreements
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