Chapter 10: International Business Question Preview (ID: 36864)


International Business. TEACHERS: click here for quick copy question ID numbers.

The business activities necessary for creating, shipping, and selling goods and services across national borders
a) International Business
b) Domestic Business
c) Local Business
d) Export Business

Goods and services bought from another country
a) Exports
b) Imports
c) Embargo
d) Trade

Goods and services sold to another country
a) Embargo
b) Imports
c) Exports
d) Exchange

The value of the money of one country expressed in terms of the money of another country
a) Import
b) Currency
c) Embargo
d) Exchange Rate

A limit on the quantity of a product that may be imported and exported within a given period of time
a) Embargo
b) Quota
c) Requirement
d)

A tax that a government places on certain imported products
a) Exchange rate
b) Sales tax
c) Tariff
d) Embargo

Stopping the importing or exporting of a certain product or service
a) Embargo
b) Balance of trade
c) Export
d) Communism

The difference between a country’s total exports and total imports of goods
a) Balance of trade
b) Balance of payments
c) Quota
d) Poverty

The difference between a country’s total imports and total exports of goods
a) Balance of trade
b) Balance of payments
c) Balance of business
d) Balance beam

An organization that conducts business in several countries and has management prepared to do business worldwide
a) Domestic business
b) Multinational company
c) Municipal company
d) Dunno

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