Global Business Second Semester
Review Exam Questions with Complete
Answers
True/False
An example of domestic business is when a person living in Canada buys a product
made in Germany - ANSWER-False
True/False
Products sold by companies in the United States to customers in India are exports -
ANSWER-True
True/False
International trade usually reduces the product choices available to consumers -
ANSWER-False
True/False
When consumers in the U.S. buy products made in Poland, they are buying imported
goods - ANSWER-True
True/False
Religious beliefs are not likely to influence international business activities -
ANSWER-False
True/False
Import taxes are a form of trade barrier - ANSWER-True
True/False
Expanded international business activities make different types of jobs available for
workers - ANSWER-True
True/False
International business makes it possible for a company to increase sales by selling
to customers in other countries - ANSWER-True
True/False
, Individuals, businesses, and countries all face the basic economic problem of limited
resources to satisfy needs and wants - ANSWER-True
True/False
International business can help to improve political relations among count -
ANSWER-True
True/False
International business started when many transportation and communication
inventions occurred in the 1800s - ANSWER-False
True/False
Culture refers to the type of government of a country - ANSWER-False
True/False
Family relationships and religious activities influence the culture of a society -
ANSWER-True
True/False
The availability of natural resources affects the economic conditions of a country -
ANSWER-True
True/False
As a country expands its international trade activities, the choice of goods available
to consumers in that country usually decreases - ANSWER-False
A global dependency exists when:
a. massive crop failures require buying food from another country
b. a country buys tools from another country because it does not have the
technology to make the tools
c. doctors travel to another country to provide healthcare because there is a
shortage of medically-trained professionals in that country
d. all of the above - ANSWER-d. all of the above
Historically, international business:
a. is a relatively new concept made possible by communications technology
b. probably occurred as long as 15,000 years ago
c. declined when European countries created colonies on other continents
d. none of the above - ANSWER-b. probably occurred as long as 15,000 years ago
All of the following are benefits of international business except:
a. expanded business opportunities
b. increased sources of raw materials
c. decreased competition
Review Exam Questions with Complete
Answers
True/False
An example of domestic business is when a person living in Canada buys a product
made in Germany - ANSWER-False
True/False
Products sold by companies in the United States to customers in India are exports -
ANSWER-True
True/False
International trade usually reduces the product choices available to consumers -
ANSWER-False
True/False
When consumers in the U.S. buy products made in Poland, they are buying imported
goods - ANSWER-True
True/False
Religious beliefs are not likely to influence international business activities -
ANSWER-False
True/False
Import taxes are a form of trade barrier - ANSWER-True
True/False
Expanded international business activities make different types of jobs available for
workers - ANSWER-True
True/False
International business makes it possible for a company to increase sales by selling
to customers in other countries - ANSWER-True
True/False
, Individuals, businesses, and countries all face the basic economic problem of limited
resources to satisfy needs and wants - ANSWER-True
True/False
International business can help to improve political relations among count -
ANSWER-True
True/False
International business started when many transportation and communication
inventions occurred in the 1800s - ANSWER-False
True/False
Culture refers to the type of government of a country - ANSWER-False
True/False
Family relationships and religious activities influence the culture of a society -
ANSWER-True
True/False
The availability of natural resources affects the economic conditions of a country -
ANSWER-True
True/False
As a country expands its international trade activities, the choice of goods available
to consumers in that country usually decreases - ANSWER-False
A global dependency exists when:
a. massive crop failures require buying food from another country
b. a country buys tools from another country because it does not have the
technology to make the tools
c. doctors travel to another country to provide healthcare because there is a
shortage of medically-trained professionals in that country
d. all of the above - ANSWER-d. all of the above
Historically, international business:
a. is a relatively new concept made possible by communications technology
b. probably occurred as long as 15,000 years ago
c. declined when European countries created colonies on other continents
d. none of the above - ANSWER-b. probably occurred as long as 15,000 years ago
All of the following are benefits of international business except:
a. expanded business opportunities
b. increased sources of raw materials
c. decreased competition
