International Business Exam 1-Multiple
Choice Questions and Answers
true - ANSWER-The availability of natural resources affects the economic conditions
of a country
d - ANSWER-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
b - ANSWER-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
c - ANSWER-all of the following are benefits of international business except
a) expanded business opportunities
b) increased sources of raw materials
c) decreased competition
d) improved political relationships
c - ANSWER-an example of a cultural factor that can affect international business is
a) the weather is too hot for selling ice cream products without refrigeration units
b) consumer protection laws require expensive packaging
c)the major religion prohibits the use of alcohol in any food products
d)none of the above
b - ANSWER-Business activities that occur within one country are called
a) foreign trade
b)domestic business
c) international business
d) free trade
c - ANSWER-a country's need to purchase food from other countries is an example
of
a) exporting
b) domestic business
c) global dependency
d) a trade barriers
d - ANSWER-An example of exporting would be
Choice Questions and Answers
true - ANSWER-The availability of natural resources affects the economic conditions
of a country
d - ANSWER-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
b - ANSWER-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
c - ANSWER-all of the following are benefits of international business except
a) expanded business opportunities
b) increased sources of raw materials
c) decreased competition
d) improved political relationships
c - ANSWER-an example of a cultural factor that can affect international business is
a) the weather is too hot for selling ice cream products without refrigeration units
b) consumer protection laws require expensive packaging
c)the major religion prohibits the use of alcohol in any food products
d)none of the above
b - ANSWER-Business activities that occur within one country are called
a) foreign trade
b)domestic business
c) international business
d) free trade
c - ANSWER-a country's need to purchase food from other countries is an example
of
a) exporting
b) domestic business
c) global dependency
d) a trade barriers
d - ANSWER-An example of exporting would be
