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Chapter 10: International Business
Test Description: International Business
Instructions: Answer all questions to get your test result.
1) The business activities necessary for creating, shipping, and selling goods and services across national borders
A
Export Business
B
Local Business
C
International Business
D
Domestic Business
2) Goods and services bought from another country
A
Imports
B
Trade
C
Embargo
D
Exports
3) Goods and services sold to another country
A
Embargo
B
Exchange
C
Exports
D
Imports
4) The value of the money of one country expressed in terms of the money of another country
A
Exchange Rate
B
Embargo
C
Import
D
Currency
5) A limit on the quantity of a product that may be imported and exported within a given period of time
A
Requirement
B
Quota
C
Embargo
6) A tax that a government places on certain imported products
A
Tariff
B
Sales tax
C
Embargo
D
Exchange rate
7) Stopping the importing or exporting of a certain product or service
A
Embargo
B
Communism
C
Export
D
Balance of trade
8) The difference between a country’s total exports and total imports of goods
A
Poverty
B
Balance of trade
C
Quota
D
Balance of payments
9) The difference between a country’s total imports and total exports of goods
A
Balance beam
B
Balance of business
C
Balance of payments
D
Balance of trade
10) An organization that conducts business in several countries and has management prepared to do business worldwide
A
Multinational company
B
Municipal company
C
Dunno
D
Domestic business
*select an answer for all questions
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