International Business Final Dec 2011
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This quiz covers all of your Standards:Standard 1: International Business Definitions and VocabularyStandard 2: Examples of International Trade LocallyStandard 3: Impact of Geography on International BusinessStandard 4: International Business CareersYou may use your notes on this quiz. You may not use any other resources. You may not use the internet. Remember to read the question and all of the answers. Eliminate any obviously incorrect answers. When you are finished and the pop-up box asks you to log in, just click X and it will take you directly to your score and ‘certificate’ as well as which questions you answered correctly and incorrectly (scroll down)PRINT your certificate. Hand your printed scored certifcate to Mrs. Kandido
- 1.Standard 3: How many continents are there?
- A.
4
- B.
5
- C.
6
- D.
7
- 2.Standard 1: What is an import?
- A.
A good or service sent to another country
- B.
A good or service bought from another country
- C.
A good or service that is very important
- D.
A good or service traded for gold, diamonds or oil.
- 3.Standard 1 and 3: What is an example of something the U.S. has to import from another country?
- A.
Apples
- B.
Oranges
- C.
Bananas
- D.
Potatoes
- 4.
- A.
International trade is country-to-country while domestic trade is within a nation's borders.
- B.
International trade is country-to-country while domestic trade is within a nation's houses.
- C.
International trade is within one country's borders while domestic trade is between two countries.
- D.
They are the same; there is no difference.
- 5.Standard 1: McDonald's worth is appreciating. Burger King's worth is depreciating. Which business is losing its worth?
- A.
McDonald's
- B.
Burger King
- 6.Standard 1: What is an example of a bilateral agreement?
- A.
U.S. and China agree to trade.
- B.
U.S., China and Portugal agree to trade.
- C.
Cuba and Angola agree to trade with U.S. and China
- 7.Standard 3: Mali has gold. Namibia has diamonds. What continent is do these natural resources come from?
- A.
South America
- B.
United States
- C.
Asia
- D.
Africa
- 8.Standard 1: What are examples of international currency?
- A.
U.S. dollars and cents
- B.
Nikes and Persian rugs
- C.
Japanese Yen and Chinese Renminbi
- D.
Tarrifs, exchange rates and subsidies
- 9.Standard 1: What is on a bank note?
- A.
The name of the bank and the president of the bank
- B.
Country, denomination and symbols/famous people
- C.
Numbers only
- D.
Famous people and numbers
- 10.Standard 1: What is an example of a multi-national corporation?
- A.
Jimmy John's
- B.
Coca-Cola Coca Cola
- C.
Nebraska Furniture Mart
- D.
Omaha Public Schools
- 11.Standard 3: According to Hernando DeSoto, globalization is threatened by:
- A.
People who believe it is an imposition on them
- B.
Its own impracticality
- C.
People who feel left out of it
- D.
Tribal customs
- 12.Standard 4: In a capitalist system, people deal in
- A.
Apples
- B.
Cattle
- C.
Symbols
- D.
Paws applause
- 13.Standard 3: What allows something to be globalized is
- A.
Free trade agreements
- B.
The law
- C.
Tariffs and quotas
- D.
An airplane or a boat
- 14.Standard 4: When different people are responsible for different steps in production, this is called
- A.
Specialization
- B.
Globalization
- C.
Entrepreneurship
- D.
The rule of law
- 15.Standard 4: Futures contracts traded on the Chicago Mercantile Exchange allow people to trade representations of value, which is important because they can
- A.
Trade far more cattle than they could practically bring to the place
- B.
Not worry about the real value of the cattle
- C.
Learn to do complicated math
- D.
Get paws applause
- 16.Standard 3: Captialism, globalization and free markets are all about ____________ property rights.
- A.
Trading
- B.
Giving away
- C.
Stealing
- D.
Bartering
- 17.Standard 2: If one U.S. dollar is equal to seven Botswanan Pulas, then if you have one hundred U.S. dollars, how many Pulas will you have?
- A.
70 Pulas
- B.
700 Pulas
- C.
7,000 Pulas
- D.
70,000 Pulas
- 18.Standard 2: If one U.S. dollar is equal to fifty-one Indian Rupees, then if you have ten U.S. dollars, how many Rupees will you have?
- A.
5.10 Rupees
- B.
.51 Rupees
- C.
51.00 Rupees
- D.
510.00 Rupees
- 19.Standard 2: If one U.S. dollar is equal to thirteen Mexican Pesos, then if you have twenty US. dollars, how many Pesos will you have?
- A.
130 Pesos
- B.
260 Pesos
- C.
160 Pesos
- D.
230 Pesos
- 20.Standard 3: In what continent is Australia?
- A.
Australia
- B.
Asia
- C.
Sydney
- D.
Canberra
- 21.Standard 3: In what continent is Peru?
- A.
South America
- B.
South Africa
- C.
South Pole
- D.
Sweden
- 22.Standard 3: In what continent is Mexico?
- A.
North America
- B.
South America
- C.
United States
- D.
South Africa
- 23.Standard 1: A nation’s money—can be in coins or banknotes.
- A.
Currency
- B.
Tariff
- C.
Quota
- D.
Current
- 24.If Russia decides not to trade with Indonesia because of a political disagreement, another way to say this is that Russia has placed an _____________ upon Indonesia.
- A.
Embargo
- B.
Ethics
- C.
Entrepreneur
- D.
Error
- 25.Standard 3: What kind of companies are McDonald's, Adidas, and Coca-Cola?
- A.
Multi-national companies
- B.
Food companies
- C.
Shoe companies
- D.
Ethical companies
- 26.What is a synonym for international?
- A.
Domestic
- B.
Global
- C.
National
- D.
Local
- 27.Standard 3: Joslyn Art Museum has a Chinese 8 screen panel. What dynasty is it from?
- A.
Tang
- B.
Han
- C.
Ming
- D.
Qing
- 28.Standard 2: Brazil only allows 20,000 imports from China per month. What is this called when one contry puts a control on the amount of a product that can be imported into a country?
- A.
Tariff
- B.
Embargo
- C.
Quota
- D.
Franchise
- 29.After you buy a new car and drive off the lot, the car loses value. What is this called?
- A.
Appreciation
- B.
Depreciation
- C.
A lemon
- D.
The law
- 30.Standard 1: A company that builds beds in Dallas, Texas sells their beds to a company in Minneapolis, Minnesota. This is called what?
- A.
Domestic Trade
- B.
International Trade
- C.
Local Trade
- D.
Supply and Demand
- 31.Standard 3: Why are so many people moving from the rural areas to the urban areas?
- A.
For better business opporutnities and better paying jobs
- B.
For love
- C.
To get out of the cattle business
- D.
Their houses are flooded
- 32.Standard 2: Which list of items are U.S. exports?
- A.
Cars
- B.
Guavas
- C.
Bananas
- D.
Silk
- 33.Which of these is not an example of an asset?
- A.
House
- B.
Car
- C.
McDonald's french fries
- D.
Boat
- 34.Standard 1: Which of the following is not a human resource?
- A.
Librarian
- B.
Friend
- C.
Diamonds
- D.
Teacher
- 35.Standard 1: What is the definition of free trade?
- A.
Trade of goods that costs nothing to the consumer.
- B.
Goods and services bought without money.
- C.
International trade left to its natural course without tariffs, quotas or other restrictions.
- D.
The freedom to trade items without any rules from religion.
- 36.Standard 2: What is used to buy, sell, and trade goods in large numbers?
- A.
Lots of money
- B.
Symbols
- C.
Chicago Mercantile Exchange
- D.
Stock Market
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