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FBLA International/Global Business Exam|100 Accurate Q’s and A’s
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FBLA International/Global BusinessExam|100 Accurate Q’s and A’s
1) The economic system based upon the profit motive is the:
A) socialist economy
B) command economy
C) market economy
D) mixed economy - -C) market economy
- 2) Global dependency exists when:
A) countries count on financial aid from other parts of the world
B) items that consumers need and want are created in other countries
C) countries ban foreign trade
D) a citizen from a country gives birth to a child in a foreign country - -B)
items that consumers need and want are created in other countries
- 3) ___ are products sold in other countries.
A) Domestic goods
B) Imports
C) Exports
D) Foreign goods - -C) Exports
- 4) Which is not a cultural and social factor that affects the international
business environment?
A) education
B) language
C) values and customs
D) type of government - -D) type of government
- 5) The host country
A) is the country in which a multinational enterprise is headquartered
B) is the country in which a multinational enterprise is a guest
C) does not have influence on the operation of the international business
D) is a democracy that allows the entrance of international businesses - -B)
is the country in which a multinational enterprise is a guest
- 6) Which country would have the greatest number of extended families?
A) Mexico
B) Canada
C) Australia
D) United States - -A) Mexico
- 7) ____ are people who live and work outside of their native countries.
A) Parent-country nationals
,B) Foreign employees
C) Expatriates
D) Third-country nationals - -C) Expatriates
- 8) The __ uses managers from various countries with the geographic region
of a business.
A) polycentric approach
B) geocentric approach
C) regiocentric approach
D) ethnocentric approach - -C) regiocentric approach
- 9) Employers for multinational companies do not hire employees based on
A) adaptability
B) competence
C) ethnocentrism
D) personal characteristics - -C) ethnocentrism
- 10) Managers and families moving to other parts of the world take part in
___ to understand the local culture.
A) repatriation training
B) spousal employment counseling
C) global orientation
D) cross-cultural training - -D) cross-cultural training
- 11) Which of the following is an international firm?
A) Sunrise Computer Systems
B) Gary's Gas Station
C) Buer's Brewers
D) Walmart Inc. - -D) Walmart Inc.
- 12) Of the following statements, the one that does not describe a
multinational company is that
A) it maintains both an international and local perspective.
B) it maintains only a local perspective to simplify processes.
C) its strength is that it offers a different product in each market.
D) coordination between international and local representation is crucial. - -
C) its strength is that it offers a different product in each market.
- 13) An economy that allows an individual to personally own a business with
little or no interference from the government is a:
A) command economy
B) mixed economy
C) market economy
D) communist economy - -C) market economy
- 14) One of the most troubled economies in the world is:
, A) Japan
B) Greenland
C) Australia
D) Germany - -A) Japan
- 15) The United States is__________ percent of the world's population.
A) 10
B) 3
C) 5
D) 7 - -C) 5
- 16) A U.S. toy company allows a Chinese company to create clothing and
school supplies with one of the U.S. company's doll characters on the
products. This is an example of:
A) direct exporting
B) franchising
C) licensing
D) indirect exporting - -C) licensing
- 17) The ___ brings together resources for a company to get started and
operate successfully.
A) wholesaler
B) entrepreneur
C) CEO
D) retailer - -B) entrepreneur
- 18) Global corporations focus on:
A) product and pricing sameness worldwide.
B) creating products that are universally accepted or standardized.
C) cultural diversity in all company-owned enterprises.
D) ethnocentricity for all employees. - -B) creating products that are
universally accepted or standardized.
- 19) ___ is when a company buys land or other resources in another
country.
A) A wholly-owned subsidiary
B) Foreign direct investment
C) Management contracting
D) A joint venture - -B) Foreign direct investment
- 20) Which of the following is not advantage of operating a business as a
sole proprietorship?
A) limited risks
B) owner is the boss
C) freedom to make business decisions
D) ease of starting - -A) limited risks
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