Business 101 Exam With Questions And
Answers 100% pass
1. Computers that are made in the United States and sold in Norway are classified as
U.S. ________.
Answer Exports
Over the last ten years, U.S. imports and exports have ________.
Answer More Than Doubled
AusterTech is a United States company that manufactures computer parts and sells
those parts to South American countries. AusterTech is undertaking the international
business activity called ________.
Answer Exporting
Los Angeles-based PMI Telecom buys cell phones produced in Asia and resells them in
the United States. PMI is performing the international business activity called ________ -
Answer Importing
A significant percentage of the U.S. economy's growth is from ________. - Answer The
export and import of goods and services
When a company operates in other countries, it ________ risk. - Answer Spread Out
True or False: Absolute advantage is becoming more rare these days. - Answer True
A trade deficit occurs when _____? - Answer Imports exceed exports
, A country with a balance of payments surplus means _____? - Answer Monetary inflow
exceeds monetary outflow
A countries exchange rate is based on _____? - Answer the rate at which its currency
can be exchanged for currencies of other countries
A country stands a good chance of selling more of its goods abroad if it ________. -
Answer Devalues it's currency
An understanding of religious holidays is essential in order to overcome ________
international trade barriers. - Answer Cultural
True or False: Currency shifts are social and cultural barriers - Answer False
One effect of the North American Free Trade Agreement (NAFTA) has been: - Answer An
increase in trade among the NAFTA member nations
The European Union (EU) _____? - Answer wants to promote European citizenship as a
complement to national citizenship
Which of the following is the first step in the decision for a business to expand globally? -
Answer Determining which foreign markets to enter
The most common first step in engaging in international business is ____________. -
Answer Indirect Exporting
A U.S. electronics firm sets up a venture capital firm to fund promising British and Irish
start-up companies. This is an example of ________. - Answer Direct Investment
Which country features the most multinational corporations? - Answer United States
Answers 100% pass
1. Computers that are made in the United States and sold in Norway are classified as
U.S. ________.
Answer Exports
Over the last ten years, U.S. imports and exports have ________.
Answer More Than Doubled
AusterTech is a United States company that manufactures computer parts and sells
those parts to South American countries. AusterTech is undertaking the international
business activity called ________.
Answer Exporting
Los Angeles-based PMI Telecom buys cell phones produced in Asia and resells them in
the United States. PMI is performing the international business activity called ________ -
Answer Importing
A significant percentage of the U.S. economy's growth is from ________. - Answer The
export and import of goods and services
When a company operates in other countries, it ________ risk. - Answer Spread Out
True or False: Absolute advantage is becoming more rare these days. - Answer True
A trade deficit occurs when _____? - Answer Imports exceed exports
, A country with a balance of payments surplus means _____? - Answer Monetary inflow
exceeds monetary outflow
A countries exchange rate is based on _____? - Answer the rate at which its currency
can be exchanged for currencies of other countries
A country stands a good chance of selling more of its goods abroad if it ________. -
Answer Devalues it's currency
An understanding of religious holidays is essential in order to overcome ________
international trade barriers. - Answer Cultural
True or False: Currency shifts are social and cultural barriers - Answer False
One effect of the North American Free Trade Agreement (NAFTA) has been: - Answer An
increase in trade among the NAFTA member nations
The European Union (EU) _____? - Answer wants to promote European citizenship as a
complement to national citizenship
Which of the following is the first step in the decision for a business to expand globally? -
Answer Determining which foreign markets to enter
The most common first step in engaging in international business is ____________. -
Answer Indirect Exporting
A U.S. electronics firm sets up a venture capital firm to fund promising British and Irish
start-up companies. This is an example of ________. - Answer Direct Investment
Which country features the most multinational corporations? - Answer United States
