Exam (elaborations)
Business 101 Exam With Questions And Answers 100% pass
- Course
- Institution
Business 101 Exam With Questions And Answers 100% pass...
[Show more]
Content preview
Business 101 Exam With Questions AndAnswers 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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Easton. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now