POB Review 4 Question Preview (ID: 25864)
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Aruba has become globally known for its white sandy beaches. It is relied upon by many travelers from other countries to enjoy its beaches at a reasonable cost. This is an example of what type of ADVANTAGE?
a) Absolute
b) Comparative
c) Slight
d) Quotas
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) Embargoes
b) Franchising
c) Contracts
d) Common Markets
The North American Free Trade Association (NAFTA) eliminates tariffs and embargoes among its members while trading goods and services. This is an example of which encouragement of international trade?
a) Common Markets
b) World Trade Organization
c) Free Trade Agreement
d) Political Stability
Before arriving at meetings in other countries to negotiate contracts for a company located in the United States, Stacy learns about appropriate business behavior of the other countries. Which main factor is this?
a) Political Stability
b) Political and Legal Concerns
c) Comparative Markets
d) Cultural Influences
India’s terrain allows for its major production of rice, cotton, and wheat. Which main factor of the international business environment is this information about India classified?
a) Geography
b) Cultural Influences
c) Political Concerns
d) Superman's Alter Ego
If China has rising interest rates and inflation occurring across the country, this is an example of which factor that influences international currency exchange?
a) Geography
b) Economic Conditions
c) Political Stability
d) Dylan Thomas Quotes
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) Free Trade Agreement
b) World Wrestling Federation
c) World Trade Organization
d) Free Trade Organization
An organization assisted two countries on settling a trade disagreement on the amount of bananas to be traded. This action is an example of assistance provided by which international trade organization?
a) Broadway Musicals
b) Common Markets
c) Free Trade Organization
d) World Trade Organization
United States has become globally known for its production of wheat more resourcefully. It can produce the product with less human resources. This is an example of what type of ADVANTAGE?
a) Absolute
b) Comparative
c) Slight
d) War Lord
Alaska produces more salmon by the pound than any other state that exports salmon. This is an example of what type of ADVANTAGE?
a) Absolute
b) Comparative
c) Ew Salmon
d) What's Alaska?
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