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BBB4M Ch1 & 2 Test Questions with Verified Answers
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BBB4M Ch1 & 2 Test Questions with Verified Answers
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BBB4M Ch1 & 2 Test Questions withVerified Answers
How do you know A business in Canada is domestic? - Answer-1. Owned by Canadians
2. Relies on Canadian products and services
3. Sells products and services to Canadians
What are five ways of business is considered an international business? - Answer-1.
Own a retail or distribution outlet in another country
2. Own a manufacturing plant in another country
3. Export to businesses in another country
4. Import from businesses in another country
5. Invest in business in another country
Three main areas of interdependence are? - Answer-1. Primary industries
2. Secondary industries
3. Tertiary industries
What are the five major primary industries - Answer-1. Agriculture
2. Fishing, hunting, and trapping
3. Forestry and logging
4. Energy
5. Mining
How does international business help Canadians? - Answer-1. Variety of products
2. New markets, more jobs
3. Foreign investments
4. New processes and technologies
Define MAPL - Answer-Music: The composer of music must be Canadian
Artist: Music and/or lyrics are performed principally by a Canadian
Production: The musical selection consists of a live performance recorded in Canada, or
performed in Canada and broadcast live
Lyrics: lyrics are written entirely by Canadian
What are five ways that foreign ownership hurts Canada? - Answer-1. Foreign
companies have foreign loyalties
2. Lack of research and development
3. Reduced exports
4. Revenues leave Canada to pay head office costs
5.; economic destabilization
How does international business hurt Canadians? - Answer-1. Loss of culture/identity
2. Increased foreign ownership of companies in Canada
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