Quiz: Introduction To Business 101 Part #4
8 Questions
| Attempts: 175
Questions and Answers
- 1.A company that does business in many countries and has facilities and offices in many countries is considered a:
- A.
Foreign exchange market
- B.
Free trade corporation
- C.
Multinational corporation
- D.
Export corporation
- 2.Products one country buys from another country:
- A.
Export
- B.
Import
- C.
Trade surplus
- D.
Trade deficity
- 3.A view that there should be limits on foreign trade in order to protect businesses at home:
- A.
Protectionism
- B.
Free trade
- C.
Trade deficit
- D.
Global market
- 4.The difference in value between how much a country imports and how much it exports:
- A.
Free trade
- B.
Trade surplus
- C.
Trade deficit
- D.
Balance of trade
- 5.What is the primary reason why businesses are setup?
- A.
To provide jobs
- B.
To provide goods and services
- C.
To earn profits
- D.
To develop a community
- 6.Which of the following persons are most likely to use accounting information?
- A.
Business owners
- B.
Lending institutions
- C.
Both
- D.
None
- 7.The difference between the sale of an item and what it cost the get the item sold, is called:
- A.
Gross profit
- B.
Gross loss
- C.
Trade surplus
- D.
Trade deficit
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