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Unit 2 Review MC
Test Description: MC Questions
Instructions: Answer all questions to get your test result.
1) A method of international business with the lowest risk is
A
indirect exporting
B
foreign direct investment
C
a joint venture
D
franchising
2) When a movie company allows its cartoon characters to be used on clothing items produced in other countries, is is an example of
A
management contracting
B
a wholly owned subsidiary
C
direct exporting
D
licensing
3) A joint venture exists when
A
two or more companies share a business venture
B
a foreign government buys imported goods or services
C
companies in two countries are taxed as a single organization
D
a company obtains the right to use a company name or business process
4) A separate foreign company owned by a parent company is called a
A
joint venture
B
wholly owned subsidiary
C
cooperative
D
municipal cooperation
5) Of the following statements, the one that does not describe a multinational company is that
A
it maintains both an international and local perspective
B
none of the these
C
its strength is that if offers a different product in each market
D
a country may become too dependent on it
6) Many people believe that multinational companies need to be regulated and controlled because
A
they make too much money
B
none of these
C
they may dominate a country's economy and control the political situation
D
they do not employ citizens of the host countries to a large enough extent
7) Of the following methods for getting involved in international business he one the the lowest risk is
A
foreign direct investment
B
management contracting
C
licensing
D
joint venture
8) Of the following methods for getting involved in international business, the one with the highest risk is
A
licensing
B
foreign direct investment
C
joint venture
D
management contracting
9) An organization that bonds countries together to allow a free flow of products is called
A
a balance of trade agreement
B
an industry
C
a monopoly
D
an economic community
10) Two reasons why importing is important are because
A
your country has a competitive advantage and home-country products are more expensive
B
availability of parts for manufacturing and customs duties
C
customers want the product and its cheaper from another country
D
none of these
11) A purchase agreement should include all of the following details except
A
the amount of customs duty
B
how will payment be made
C
when will the items be delivered
D
who will pay for shipping
12) Of the following business transactions, the only one that describe an importing activity is
A
a wholesaler in Brazil packs goods for shipment to Liberia
B
a retailer in Sweden receives goods from Mexico to sell in a chain of stores
C
none of the these
D
a restaurant food supplier in Japan ships sushi ingredients to a restaurant in Turkey
13) A company exported appliances to Italy. Italians did not buy the appliances because they would not work with the way Italian electrical current is supplied. The step in the exporting process the exporter did not properly complete is
A
provide products or services
B
complete the transaction
C
meet the needs of customers
D
agree on sales terms
14) Products that do no usually require much modification for foreign customers include
A
clothing
B
skin care products
C
none of these
D
laundry detergent
15) The exchange rate for a stable country
A
none of these
B
is always based on the U.S. dollar
C
changes somewhat from day to day
D
remains the same unless there is a political change
16) Parties that can appear before the International Court of Justice include
A
countries, companies, and individuals
B
only companies
C
only countries
D
countries and companies
17) A person who makes duplicate copies of a video tape of a commercial movie and then sells it would be violating a
A
trademark
B
patent
C
none of these
D
copyright
18) International Treaties and trade agreements may serve all of the following purposes except
A
setting currency exchange rates
B
helping to ensure fair competition practices between member countries
C
allowing free flow of goods and services between member countries
D
helping to provide unity between different cultures and customs
19) Of the following, the one that is not a reason for mediation or arbitration instead of court action to settle a dispute is
A
to save time
B
to follow legal procedures
C
to avoid the risk of discriminatory treatment in a foreign court
D
to avoid bad publicity
20) A mediator does all of the following except
A
makes a binding decision
B
makes suggestions and proposals
C
addressess the substance of the dispute
D
helps the parties to reach a compromise
*select an answer for all questions
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