POB 1.03 A: Question Preview (ID: 8270)


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An organization assisted two countries on settling a trade disagreement on the amount of bananas to be traded. This is an example of help provided by which organization?
a) International Monetary Fund b) Joint Venture c) World Bank d) World Trade Organization
An organization assisted two countries on settling a trade disagreement on tariffs. This action is an example of assistance provided by which international trade organization?
a) International Monetary Fund b) Joint Venture c) World Bank d) World Trade Organization
A convenience store gave the rights to a company in Mexico to sell its products and services. This is an example of which global marketplace main entry mode?
a) Chain b) Franchising c) Joint venture d) Licensing
Several Prime Ministers of East African countries are negotiating the trade of products throughout the Eastern region. This is an example of which international trade?
a) Common markets b) Embargo c) Free-trade zone d) Tariff
North American Free Trade Association (NAFTA) eliminates tariffs and embargoes among its members while trading goods/services. This is an example of which encouragement of trade?
a) Embargo b) Free-trade agreement c) Free-trade zone d) Tariff
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 international trade?
a) Embargo b) Free-trade agreement c) Free-trade zone d) Tariff
Syria is banned from selling products within other countries. This is an example of which international trade barrier?
a) Embargoes b) Free-trade zones c) Quotas d) Tariffs
Cuba bans American products to be sold within its country. This is an example of which international trade barrier?
a) Embargoes b) Free-trade zones c) Quotas d) Tariffs
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) Free-trade zones c) Quotas d) Tariffs
While in Japan, Shari adjusted her gift-giving practices to accommodate her Japanese business-partners. Which main factor of the international business environment did She consider
a) Cultural influences b) Economic development c) Geography d) Political and legal concerns
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