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International Business Quiz 1

10 Questions
International Business Quiz 1

This quiz covers module A of the International Business Course.

Questions and Answers
  • 1. 
    An exempt company is one that:
    • A. 

      Does not comply with Bermuda's 40 /20 rule

    • B. 

      Does not have to comply with Bermuda's 40/60 rule

    • C. 

      Does not have to comply with Bermuda's 60/40 rule

    • D. 

      Is excused from the usual legal clauses about trading in Bermuda

  • 2. 
    There are about 13,000 exempt companies registered in Bermuda.  About how many of them are physically located in Bermuda?
    • A. 

      300

    • B. 

      400

    • C. 

      500

    • D. 

      700

    • E. 

      1000

  • 3. 
    Select the best reasons why countries choose Bermuda to set up their businesses:
    • A. 

      Tax structure and cheap labour

    • B. 

      Educated workforce, Bermuda triangle, low salaries

    • C. 

      Best hotels & restaurants, pink beaches

    • D. 

      Economic & political stability, easily reached from NY & London, Progressive laws & tax structure & advanced telecommunications

  • 4. 
    Individual Bermudians have the opportunities to benefit from International Businesses being on the island through j _ b _ , s _ h _ _ _ _ _ _ ips and t _ _ _ _ ing opportunities 
  • 5. 
    What does GDP stand for?
  • 6. 
    What does GNP stand for?
  • 7. 
    Disposable income is what is left to spend after all statutory deductions.  On your pay slip, this is called your _ _ _ pay.
    • A. 

      Gross

    • B. 

      Net

    • C. 

      Total

    • D. 

      Weekly

    • E. 

      Salary

  • 8. 
    The point where the demand and supply curves meet is the _ _ _ _ _ _ _ _ _ _ _ point.
  • 9. 
    International trade occurs between nations.  When buying and selling occurs WITHIN a country, it is termed _ _ _ _ _ _ _ _ trading
  • 10. 
    In 2006, the United States had a total personal income of $10,968,393,000,000. The total population of the U.S. in 2006 was approximately 300,000,000. Therefore, the per capita income of the United States in 2006 is:
    • A. 

      $77,550

    • B. 

      $66,700

    • C. 

      $36,561

    • D. 

      $70,500