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CBAD – Questions With Accurate Answers

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CBAD – Questions With Accurate Answers

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CBAD – Questions With Accurate Answers

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Terms in this set (38)


If your country is the single, only absolute advantage
source of a given product, good
or service, you are said to have:

In your country rubber trees are absolute advantage.
abundant and you can trade
them very profitably for
technology products, which you
cannot produce profitably in
your country. Your abundant
rubber trees give you:

Compared to International broader.
Business, Globalization is:

When more goods and services trade surplus.
are exported than imported it is
known as a:

Countries wishing to know the Balance of Trade
net of their exchange of goods
rely on which equation?

Countertrade is the exchange of exchanging currency.
goods and services without:

Exports are an important source revenue
of what for many countries?

The most common ________ joint venture
involves two companies that are
equal partners in the new firm,
investing money and resources
while sharing control of the
newly formed firm.

In both licensing and franchising gain a competitive advantage.
situations, the licensee and
franchisee:

BMW's vehicle-assembly facility Foreign Direct Investment.
in South Carolina represents a
direct investment inside the
United States by the German
manufacturer. This facility is an
example of:

When marketing products understand and conform to the laws of the countries in which
globally, businesses should: they operate.

, Trade tariffs and quotas are domestic producers.
designed to protect:

Displaying uncovered arms or cultural customs and taboos.
legs in product packaging
pictures is considered offensive
in Mid-Eastern countries that
observe Islamic law. This is an
example of:

Companies seeking to expand Brazil, Russia, India and China.
their products to global
emerging markets will likely
pursue:

Coca Cola embarked on a a collaborative solution to doing global business more
program to replenish all of the sustainably.
water it uses in drinks and made
good on its promise five years
early through 248 community
water partnership projects in 71
countries. This is an example of:

If Guatemala is seeking funding the World Bank
to invest in expanding
production and exports that will
grow its economy, then it would
turn to:

Regional trade agreements are two or more nations.
reciprocal trade agreements
between:

Pertaining to international trade, World Trade Organization.
the acronym WTO stands for:

If Mexico is seeking credit to the International Monetary Fund.
stabilize its currency in a major
economic disruption, then it
would turn to:

If a bribe has been paid to a Foreign Corrupt Practices Act.
foreign government official to
obtain or retain business, then it
is a violation of the:

A manufacturing company sweatshop
located in China that uses
children and pays them less than
the minimum wage, is
considered by the U.S.
Government Accounting Office
to be a(n):

Bribery is one of ________ the most common
examples of a corporation
engaged in unethical behavior.
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