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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
Export Business
B
International Business
C
Local Business
D
Domestic 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
Embargo
B
Exports
C
Exchange
D
Imports
4) The value of the money of one country expressed in terms of the money of another country
A
Import
B
Currency
C
Exchange Rate
D
Embargo
5) A limit on the quantity of a product that may be imported and exported within a given period of time
A
Quota
B
Embargo
C
Requirement
6) A tax that a government places on certain imported products
A
Embargo
B
Tariff
C
Exchange rate
D
Sales tax
7) Stopping the importing or exporting of a certain product or service
A
Communism
B
Balance of trade
C
Export
D
Embargo
8) The difference between a country’s total exports and total imports of goods
A
Balance of trade
B
Poverty
C
Quota
D
Balance of payments
9) The difference between a country’s total imports and total exports of goods
A
Balance beam
B
Balance of trade
C
Balance of business
D
Balance of payments
10) An organization that conducts business in several countries and has management prepared to do business worldwide
A
Multinational company
B
Domestic business
C
Municipal company
D
Dunno
*select an answer for all questions
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