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POB Midterm III
Test Description: Review Global Marketplace
Instructions: Answer all questions to get your test result.
1) If Abbie received more money for its goods and services than it paid out, this is an example of which factor that influences international currency exchange<
A
Political stability
B
Balance of trade
C
Balance of payments
D
Econmic conditions
2) Iran raised the prices of imported oil in order to increase the trade of their nation. This is an example of which international trade barrier?
A
Embargoes
B
Free-trade zones
C
Quota
D
Tariffs
3) Many countries have obtained the rights to sell music and collectibles of entertainers. This is an example of which global marketplace main entry mode?
A
franchising
B
joint venture
C
licensing
D
chain
4) An organization provides Thailand funds to rebuild its transportation network. This action is an example of which international trade organization?
A
World bank
B
joint venture
C
world trade organization
D
International monetary fund
5) What is an example of a franchise business
A
Burger King
B
Walmart
C
North Point Grill
D
King\'s Hot Dogs
6) Which is not an example of imports
A
bananas
B
furniture
C
automobile parts
D
silver
7) Which is NOT an example of exports
A
tax preparation services
B
tobacco
C
silver
D
automobile parts
8) What is included in a country's geography?
A
schools
B
location
C
hospitals
D
cars
9) What is an example of a joint venture?
A
Pizza Hut
B
Krispy Kreme
C
Oli lube and tire service company
D
Taco Bell
10) What cultural factor may influence how a business is conducted?
A
obesity
B
cars
C
employment
D
language
*select an answer for all questions
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