FBLA International/Global Business | 100 Questions with 100% Correct Answers | Verified | Updated 2023 | 29 Pages

1) The economic system based upon the profit motive is the: A) socialist economy B) command economy C) market economy D) mixed economy - C) market economy 2) Global dependency exists when: A) countries count on financial aid from other parts of the world B) items that consumers need and want are created in other countries C) countries ban foreign trade D) a citizen from a country gives birth to a child in a foreign country - B) items that consumers need and want are created in other countries 3) ___ are products sold in other countries. A) Domestic goods B) Imports C) Exports D) Foreign goods - C) Exports 4) Which is not a cultural and social factor that affects the international business environment? A) educationB) language C) values and customs D) type of government - D) type of government 5) The host country A) is the country in which a multinational enterprise is headquartered B) is the country in which a multinational enterprise is a guest C) does not have influence on the operation of the international business D) is a democracy that allows the entrance of international businesses - B) is the country in which a multinational enterprise is a guest