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Chapter 10: International Business
Test Description: International Business
Instructions: Answer all questions to get your test result.
1) The business activities necessary for creating, shipping, and selling goods and services across national borders
A
International Business
B
Domestic Business
C
Export Business
D
Local Business
2) Goods and services bought from another country
A
Exports
B
Imports
C
Embargo
D
Trade
3) Goods and services sold to another country
A
Exports
B
Embargo
C
Imports
D
Exchange
4) The value of the money of one country expressed in terms of the money of another country
A
Currency
B
Embargo
C
Exchange Rate
D
Import
5) A limit on the quantity of a product that may be imported and exported within a given period of time
A
Requirement
B
Embargo
C
Quota
6) A tax that a government places on certain imported products
A
Embargo
B
Tariff
C
Sales tax
D
Exchange rate
7) Stopping the importing or exporting of a certain product or service
A
Export
B
Communism
C
Embargo
D
Balance of trade
8) The difference between a country’s total exports and total imports of goods
A
Balance of payments
B
Quota
C
Poverty
D
Balance of trade
9) The difference between a country’s total imports and total exports of goods
A
Balance of payments
B
Balance of business
C
Balance beam
D
Balance of trade
10) An organization that conducts business in several countries and has management prepared to do business worldwide
A
Multinational company
B
Dunno
C
Municipal company
D
Domestic business
*select an answer for all questions
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