POB 1.03 B: Question Preview (ID: 8272)


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Before arriving in other countries to negotiate contracts for a company in the US, Stacy learns about business behavior of the other countries.This demonstrates
a) Cultural influences b) Economic development c) Geography d) Political and legal concerns
Laos has limited infrastructure that hurts international businesses to conduct transaction. This country depends on the agriculture. Which main factor is this?
a) Cultural influences b) Economic development c) Geography d) Political and legal concerns
The government of the US lets consumers make decisions about goods and services consumed. Which main factor of the international business environment is this?
a) Cultural influences b) Economic development c) Geography d) Political and legal concerns
India’s terrain allows for its major production of rice, cotton, and wheat. Which main factor of the international business environment is this information about India classified?
a) Cultural influences b) Economic development c) Geography d) Political and legal concerns
If China has rising interest rates and inflation occurring across the country, this is an example of which factor that influences international currency exchange?
a) Balance of payments b) Balance of trade c) Economic conditions d) Political stability
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) Balance of payments b) Balance of trade c) Economic conditions d) Political stability
Which statement is true about balance of payment?
a) Balance of payments is favorable when a company pays more money out of it than it receives in it. b) Balance of payments is favorable when a company receives more money into it than it pays out. c) Balance of payments is favorable when a country pays more money out of it than it receives in it. d) Balance of payments is favorable when a country receives more money into it than it pays out.
Alaska produces more salmon by the pound than any other state that exports salmon. This is an example of what type of ADVANTAGE?
a) Absolute b) Comparative c) Competitive d) Dual
United States has become globally known for its production of wheat more resourcefully. It can produce the product with less human resources. This is what type of ADVANTAGE?
a) Absolute b) Comparative c) Competitive d) Dual
Aruba is globally known for its white beaches. It is visited by many people from other countries to enjoy its beaches for a reasonable cost. This is what ADVANTAGE?
a) Absolute b) Comparative c) Competitive d) Dual
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