BUS 410 Exam Questions and Answers |
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• What is international business? -✓✓The cross-border movement of goods,
services, people, money, and intellectual property.
• What risks are common in international business? -✓✓Cultural, commercial,
transport, currency, and regulatory compliance risks.
• What is commercial risk? -✓✓The risk that one party fails to perform as
promised in a transaction.
• What is transport risk? -✓✓The possibility of loss, damage, or delay during
shipping by air, land, or sea.
• What is foreign exchange risk? -✓✓The risk from currency value fluctuations in
international transactions.
• What are currency controls? -✓✓Government restrictions on currency exchange
or transfer.
• What is regulatory compliance risk? -✓✓The challenge of meeting foreign legal
and regulatory standards.
• What is direct exporting? -✓✓The company manages its own exports and deals
directly with foreign buyers.
, • What is indirect exporting? -✓✓Using intermediaries like export management or
trading companies to handle exports.
• What is importing? -✓✓The process of bringing foreign goods into a country's
customs territory.
• What are tariffs, quotas, and embargoes? -✓✓Tariffs are import taxes; quotas
limit quantities; embargoes prohibit trade.
• What is intellectual property (IP)? -✓✓Legal rights from intellectual activity such
as inventions, designs, or artistic works.
• What is an IP licensing agreement? -✓✓A contract granting another party rights
to use intellectual property.
• What is IP infringement? -✓✓Unauthorized use, copying, or distribution of
another's intellectual property.
• What is international franchising? -✓✓A business model licensing trademarks
and know-how in exchange for royalties or fees.
• What is foreign direct investment (FDI)? -✓✓Ownership or control of productive
assets in a foreign business.
• What is a foreign branch? -✓✓An extension of a company in another country, not
a separate legal entity.
Full Test Bank with Verified Solutions | A+
Pass Guaranteed
• What is international business? -✓✓The cross-border movement of goods,
services, people, money, and intellectual property.
• What risks are common in international business? -✓✓Cultural, commercial,
transport, currency, and regulatory compliance risks.
• What is commercial risk? -✓✓The risk that one party fails to perform as
promised in a transaction.
• What is transport risk? -✓✓The possibility of loss, damage, or delay during
shipping by air, land, or sea.
• What is foreign exchange risk? -✓✓The risk from currency value fluctuations in
international transactions.
• What are currency controls? -✓✓Government restrictions on currency exchange
or transfer.
• What is regulatory compliance risk? -✓✓The challenge of meeting foreign legal
and regulatory standards.
• What is direct exporting? -✓✓The company manages its own exports and deals
directly with foreign buyers.
, • What is indirect exporting? -✓✓Using intermediaries like export management or
trading companies to handle exports.
• What is importing? -✓✓The process of bringing foreign goods into a country's
customs territory.
• What are tariffs, quotas, and embargoes? -✓✓Tariffs are import taxes; quotas
limit quantities; embargoes prohibit trade.
• What is intellectual property (IP)? -✓✓Legal rights from intellectual activity such
as inventions, designs, or artistic works.
• What is an IP licensing agreement? -✓✓A contract granting another party rights
to use intellectual property.
• What is IP infringement? -✓✓Unauthorized use, copying, or distribution of
another's intellectual property.
• What is international franchising? -✓✓A business model licensing trademarks
and know-how in exchange for royalties or fees.
• What is foreign direct investment (FDI)? -✓✓Ownership or control of productive
assets in a foreign business.
• What is a foreign branch? -✓✓An extension of a company in another country, not
a separate legal entity.
