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POB 1.03 A
Test Description: POB 1.03 A
Instructions: Answer all questions to get your test result.
1) An organization assisted two countries on settling a trade disagreement on the amount of bananas to be traded. This is an example of help provided by which organization?
A
World Bank
B
Joint Venture
C
International Monetary Fund
D
World Trade Organization
2) An organization assisted two countries on settling a trade disagreement on tariffs. This action is an example of assistance provided by which international trade organization?
A
Joint Venture
B
International Monetary Fund
C
World Bank
D
World Trade Organization
3) A convenience store gave the rights to a company in Mexico to sell its products and services. This is an example of which global marketplace main entry mode?
A
Franchising
B
Licensing
C
Joint venture
D
Chain
4) Several Prime Ministers of East African countries are negotiating the trade of products throughout the Eastern region. This is an example of which international trade?
A
Tariff
B
Free-trade zone
C
Common markets
D
Embargo
5) North American Free Trade Association (NAFTA) eliminates tariffs and embargoes among its members while trading goods/services. This is an example of which encouragement of trade?
A
Free-trade agreement
B
Free-trade zone
C
Tariff
D
Embargo
6) 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 international trade?
A
Free-trade agreement
B
Tariff
C
Free-trade zone
D
Embargo
7) Syria is banned from selling products within other countries. This is an example of which international trade barrier?
A
Embargoes
B
Free-trade zones
C
Quotas
D
Tariffs
8) Cuba bans American products to be sold within its country. This is an example of which international trade barrier?
A
Tariffs
B
Free-trade zones
C
Quotas
D
Embargoes
9) 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 zones
B
Tariffs
C
Quotas
D
Embargoes
10) While in Japan, Shari adjusted her gift-giving practices to accommodate her Japanese business-partners. Which main factor of the international business environment did She consider
A
Geography
B
Economic development
C
Cultural influences
D
Political and legal concerns
*select an answer for all questions
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