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BBB4M Exam Modules 1-4 and Unit 1 Test Questions and Answers
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BBB4M Exam Modules 1-4 and Unit 1 Test Questions and Answers
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BBB4M Exam Modules 1-4 and Unit 1Test Questions and Answers
What makes a business international? - Answer-Owning a manufacturing plant,
investing in another business overseas, importing goods and services from another
country.
After the 7 year war, who did Canada rely on more? - Answer-England
Name 3 important events that happened in the last half of the 1700s that changed
America's Industry. - Answer-The revolutionary war, the steam engine's invention, and
the invention of cotton gin.
What country did Canada start trading with in the late 1940s? - Answer-Japan
What three regions are emerging markets to trade in for Canada? - Answer-Africa,
India, and the Middle East
What does secondary manufacturing produce? - Answer-Capital and Consumer goods
What are tertiary industries? Name some. - Answer-Tertiary industries don't extract or
make anything from the earth. Some industries include banking, construction,
communications, and transportation.
What is the national policy of 1879, what did it's establishment lead to? - Answer-It
stated that businesses wanting to reach Canadian markets needed to build factories in
Canada. It led to the branch plant economy.
Name three positive effects of international business on Canadians. - Answer-New
technology, foreign investors, and more products.
A vehicle manufacturer is an example of a __ industry. - Answer-A secondary industry.
What does Canada import 1 million barrels of? How often does Canada import this? -
Answer-1 million barrels of oil, it imports them every day.
Canada's top export market is? - Answer-America.
What is global sourcing? And what does it have to do with businesses. - Answer-The
buying of equipment, materials, and services for a company.
What is wrong with Canada's imports and exports? - Answer-They lack added value.
What is not an example of a foreign-owned franchise in Canada? - Answer-Second Cup
, Is it true that there are little to no advantages to owning and operating a franchise? -
Answer-False
What are the advantages of owning a franchise? - Answer-Less risk and research,
expert knowledge, financial aid.
Is it true that Bombardier has foreign subsidaries all over the world? - Answer-True
Which Country does Canada receive most of it's imports from? - Answer-America
Which Country does Canada send most of it's exports to? - Answer-America
What are the disadvantages of owning a franchise? - Answer-Strict rules, no control,
and lower profits
What is another name for foreign subsidaries? - Answer-Wholly owned subsidaries
The ban on Canadian beef exports is an example of what? - Answer-Trade Embargo
Who does a high Canadian dollar have a positive effect on? - Answer-Canadians
travelling to America
If the demand for a currency is greater than the supply, it's value ___.
This is known as ___/ - Answer-Rises, revaluation
What are three factors that affect the exchange rate of a currency? - Answer-Political
stability, psychological factors, and economic conditions.
$60 of raw material is sold to a manufacturer. The manufacturer then makes the
material into a product, and sells the product to a retailer for $700. How much value has
the manufacturer added to the raw material? - Answer-$640
A trade barrier that limits the amount of product imported is known as a? - Answer-
Trade Quota
Does foreign trade and international trade man the same thing as international
business? - Answer-Yes
Has China become a major economic force in the past 30 years? - Answer-Yes
Why does Canada trade with the Middle East? - Answer-Oil
Is it true that Canada's primary industries are in Central Canada? - Answer-No
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