Rio Salado Community College GBS 151: GBS151 - Lesson 2 Quiz, Answers correct updated 2025/26.

GBS151 - Lesson 2 Quiz

Question 1
The record of all economic transaction between individuals, firms, the government, and the rest of the worl
Answer Balance of payments
Correct!!
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Max Score: 1
Actual Score: 1



Question 2
Dimensions of culture that require particular attention for global businesses identified in the lesson include
Answer Education
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Max Score: 1
Actual Score: 1



Question 3
Which of the following represent trade agreements:
Answer All of the above
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Max Score: 1
Actual Score: 1



Question 4
Prior to the World Trade Organization, what group was formed to reduce trade barriers that arose during th
Answer General Agreement on Tariffs & Trade
Correct!!
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, Max Score: 1
Actual Score: 1



Question 5
The terms International Business and Globalization have the same definition.
Answer False
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Max Score: 1
Actual Score: 1



Question 6
Match the term and definition related to global business strategies.
Answer Franchising
Correct!!
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Max Score: 1
Actual Score: 1



Question 7
The European Union created a borderless economy for member nations.
Answer True
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Max Score: 1
Actual Score: 1



Question 8
Match the term and definition related to global business strategies.