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POD Review 3
Test Description: POD
Instructions: Answer all questions to get your test result.
1) India limits the amount of imported wheat products to protect its own industry. This is an example of which international trade barrier?
A
Free-trade zone
B
Embargoes
C
Quotas
D
Political and legal concerns
2) Syria is banned from selling products within other countries. This is an example of which international trade barrier?
A
World Trade Organization
B
Embargoes
C
Franchising
D
Free Trade
3) Laos has limited infrastructure that will hinder international businesses to conduct transactions in it. This country depends heavily on the agricultural industry. Which main factor is this information about this country classified?
A
Political stability
B
Geography
C
Economic development
D
Cultural influences
4) The government of the United States allows consumers to make decisions about goods and services consumed. Which main factor of the international business environment is this information about this country classified?
A
Free-trade agreement
B
Political stability
C
Political and legal concerns
D
Common markets
5) 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 encouragement of international trade?
A
Free Trade Agreement
B
Free-trade zone
C
Political Stability
D
Absolute
6) 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
Political stability
B
Political and legal concerns
C
Common markets
D
Free-trade agreement
7) Which statement is true about balance of payment?
A
Balance of payments is favorable when a country receives more money into it than it pays out.
B
World Trade Organization
C
Political and legal concerns
D
Cultural influences
8) Cuba bans American products to be sold within its country. This is an example of which international trade barrier?
A
Free-trade agreement
B
Free-trade agreement
C
Quotas
D
Cuba bans American products to be sold within its country. This is an example of which international trade barrier?
9) Several Prime Ministers of East African countries are negotiating the trade of products and services throughout the Eastern region. This is an example of which encouragement of international trade?
A
Free Trade Agreements
B
Elaborate Get Rich Quick Schemes
C
Common markets
D
World Trade Organization
10) While conducting business in Japan, Shari adjusted her gift-giving practices to accommodate her Japanese business-partners. Which main factor of the international business environment did Shari consider?
A
Political Stability
B
Cultural influences
C
Political and Legal Concerns
D
Free Trade Agreements
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