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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
Balance of payments
B
Econmic conditions
C
Political stability
D
Balance of trade
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
Tariffs
B
Free-trade zones
C
Quota
D
Embargoes
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
joint venture
B
chain
C
franchising
D
licensing
4) An organization provides Thailand funds to rebuild its transportation network. This action is an example of which international trade organization?
A
International monetary fund
B
World bank
C
world trade organization
D
joint venture
5) What is an example of a franchise business
A
Walmart
B
North Point Grill
C
Burger King
D
King\'s Hot Dogs
6) Which is not an example of imports
A
bananas
B
automobile parts
C
silver
D
furniture
7) Which is NOT an example of exports
A
tobacco
B
silver
C
tax preparation services
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
Krispy Kreme
B
Oli lube and tire service company
C
Taco Bell
D
Pizza Hut
10) What cultural factor may influence how a business is conducted?
A
employment
B
obesity
C
language
D
cars
*select an answer for all questions
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