International Business Chapter 1 Test
This test will confirm your knowledge of the basic Business history and definitions. Along with some statistics from our other assignments.
- 1.What is a Transaction?
- 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.Trade with Mexico has developed since is signing in...
- A.
December 2001
- B.
January 1994
- C.
February 1996
- 3.The middle east is traditionally centered on oil
- A.
True
- B.
False
- 4.African imports to canada are very high.
- A.
True
- B.
False
- 5.India's workforce is generally ______ and well educated.
- 6.Japan became known for high quality _______ and _______.
- 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.Secondary industries make the finished goods available to the public.
- 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.List 3 benefits or positive outcomes that trade brings to Canada.
- 23.Name 2 ways that International Business HELPS Canadians. Then, name 2 ways it HURTS canadians.
- 24.Blackberry (RIM) was created by 2 engineering students. They are: __________ and __________.
Questions: 30 | Attempts: 3352 | Last updated: Oct 8, 2020
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Sample QuestionA good or service purchased and brought in from another country.
Questions: 30 | Attempts: 2317 | Last updated: Apr 12, 2021
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Sample QuestionFree trade is NOT enacted by which of the following groups?
Questions: 83 | Attempts: 2114 | Last updated: Jan 29, 2021
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Sample QuestionGlobalization has __________ the opportunities for a firm to expand its revenues by selling around the world and __________ its costs by producing in nations where key inputs are cheap.
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