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Oefenvragen International BusinessChapter 2
Free trade leads to a more efficient market for the consumer through:
- Lower prices and better quality.
Which of the follow is a disadvantage of globalisation?
- It gives multinationals a great deal of power, enabling them to do business without
restrictions.
There are various forms of economic cooperation which of the following is not a form of economic
cooperation?
- Freedom of trade.
Statement I:
Import duties are taxes levied by the government on imported goods and services.
Statement II:
The level of import duty payable depends on the CN code and the country of origin of the goods or
services.
- Both statements are true.
Which of the following is an important non-tariff measure?
- Customs formalities.
What is the difference between a specific tariff and an ad valorem tariff?
- A specific tariff is a fixed amount per unit of a product, whereas an ad valorem tariff is a fixed
percentage of the price of the product.
A ban on trading with a certain country for e.g. political reasons is called a
- Trade embargo
There are different types of import duty. The following are some of them. Which definition is
correct?
- Implicit import duties consist of tariffs structured such that raw materials are taxed at a low
rate and end products are heavily taxed.
The EU's trade policy plays an important role in its relations with developing countries. The objectives
of developing countries are:
- To promote industrialisation
- To accelerate economic growth
- To increase export income
The OECD guidelines:
- Are code of conduct for international business.
The European Union has a Common Trade Policy. Which of the following do not belong to this
policy?
- Trade barriers within the EU
,Statement I:
Within the EU, mutual trade barriers have disappeared.
Statement II:
Dutch trade policy is determined exclusively by the Common Trade Policy of the European Union.
- Statement I is true and statement II is false.
There are various forms of economic cooperation. Which form of economic cooperation does the
EU's common market represent?
- A customs union
What is meant by ‘new protectionism’?
- Non-tariff measures
The most important tariff measures are:
- Turnover tax, import duties, excise duties and quotas.
An import quota is effective if it results in:
- A smaller quantity of the product being imported than would be imported under free trade.
Tariff preferences can be divided into:
- Autonomous and common import duties
Statement:
A consequence of quotas is that the import duties on all products from the land of origin are eligible
for a reduced or zero rate of import duty.
- False, it is only to specified products.
The EU's trade policy plays an important role in its relations with developing countries. A developing
country is not benefited by:
- Increasing the power wielded by multinationals.
There are international organisations that wish to promote international trade. Which of the
following promote the liberalisation of world trade?
- The OECD, the WTO, and the UN.
Complete freedom of trade is restricted by
- Protectionism
Why is the consumer benefited by liberalised international business and the free movement of goods
and services?
- The customer has a wider choice of products and prices are often lower.
Countries strive for free trade because this form of trade has advantages. What are these
advantages?
- An efficient use of factors of production
- Stimulation of competition
- Prevention of trade wars
- Promotion of trade and investment
Dumping is used as a strategy for:
- Eliminating the competition and obtaining a monopoly position.
, Which is the following is not a consequence of a specific import duty?
- There is no decline in welfare in the home country.
A developing country seeking financial and technical aid will turn to:
- The World Bank.
International business is a broad concept. Which of the following do not fall under the definition of
international business?
- Making cross-border contracts.
Globalisation is involved in cross-border:
- Movement of capital, employment and movement of goods and services.
Globalisation has certain disadvantages. Which of the following is an advantage of globalisation?
- Globalisation spreads technological knowledge.
Statement: The level of import duties differs between EU member states.
- False
What does ‘tariff preference’ mean?
- A tariff preference makes it possible to import goods from a developing country at a reduced
or zero rate of duty.
Which definition of import duty is correct?
- Specific import duties are a fixed amount per volume of the imported product.
An excess supply of imported goods can be a reason to end or adjust tariff preferences for a certain
product. Which factor plays a central role in this?
- The EU’s trade policy.
An import quota (or ceiling) is:
- A legal limit on the quantity of a product that may be imported at a preferential tariff in a
specified period.
Chapter 3
Put the different levels of culture in the correct orders, beginning with the level the influences all the
others.
1. National culture
2. Business/industry culture
3. Corporate culture
4. Individual behaviour
The elements of culture include:
- Language, social structure and religion
Why does religion play an important part in doing business internationally?
- It is important for understanding the other party and knowing why they react to some things
in a different way from us.
Which dimension is not one of Hofstede’s five dimensions?
- Specific versus diffuse.
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