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International Business Chapter 1 Test

24 Questions
International Business Quizzes & Trivia

This test will confirm your knowledge of the basic Business history and definitions. Along with some statistics from our other assignments.

Questions and Answers
  • 1. 
    • A. 

      The manufacturing or sale of goods and or services to satisfy the wants and needs of consumers.

    • B. 

      A business that makes most of its transactions within the borders of the country which it is based.

    • C. 

      An exchange of things of value.

    • D. 

      A transaction made between 2 canadian companies

  • 2. 
    • A. 

      December 2001

    • B. 

      January 1994

    • C. 

      February 1996

  • 3. 
    The middle east is traditionally centered on oil
    • A. 

      True

    • B. 

      False

  • 4. 
    • A. 

      True

    • B. 

      False

  • 5. 
    India's workforce is generally ______ and well educated.
  • 6. 
  • 7. 
    5 main ways for companies to participate in international business are: 1-Own a manufacturing plant in another country. 2-_________________. 3-_________________. 4-_________________. 5-Invest in a business in another country
  • 8. 
    The United States' GDP is _______.
  • 9. 
    _______ has the lowest GDP of __________. ____________ has the highest GDP of ___________.
  • 10. 
    The capital of Norway is________. The capital of China is ___________.
  • 11. 
    Canadian Top 10 Exports markets are __________________________.
  • 12. 
    The 3 main areas of interdependence are _______industries, __________ industries, and ___________industries. 
  • 13. 
    What are 5 major Primary Industries?
    • A. 

      Mining, Energy, Fishing hunting and trapping, Forestry and Logging, and Agriculture

    • B. 

      Nike, Blackberry, Apple, Samsung, Reebok

    • C. 

      Foreign trade, Domestic trade, F&D markets, and interdependence.

  • 14. 
    A Branch plant is a factory owned by a company based in ______ _________.
  • 15. 
    • A. 

      True

    • B. 

      False

  • 16. 
    It costs apple $_______ to make the iPhone.
    • A. 

      262

    • B. 

      625

    • C. 

      192

    • D. 

      368

  • 17. 
    The 3 best global brands are:
    • A. 

      Coca Cola, Mcdonalds, Microsoft

    • B. 

      Coca Cola, IBM, Microsoft

    • C. 

      Coca Cola, IBM, Mcdonalds

  • 18. 
    Another name for tertiary industries is service sector.
    • A. 

      True

    • B. 

      False

  • 19. 
    A ______-_______ economy is an economy based on businesses owned by foreign interests.
  • 20. 
    More than ___% of everything that Candians produce is exported.
  • 21. 
    Canadia Trade increased $257 billion from 1989-2000 because of ________.
  • 22. 
  • 23. 
  • 24. 
    Blackberry (RIM) was created by 2 engineering students. They are: __________ and __________.