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BBA International Business Global Business Environment — practice questions

Explore 55 free Global Business Environment questions in BBA International Business International Business. Open each question or exercise to read its content, reference answers and available explanation.

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Global Business Environment questions and exercises with answers

Showing questions 1–30 of 55.

The ability to spot international opportunities and threats and adjust to them is called:Read the answer and worked solution →Selling goods made at home to buyers in another country is:Read the answer and worked solution →The difference between the value of a country's exports and its imports is the:Read the answer and worked solution →A country imports more than it exports. The result is a:Read the answer and worked solution →A country exports more than it imports. The result is a:Read the answer and worked solution →A summary of all of a country's international financial transactions is its:Read the answer and worked solution →A country that can make and sell a product at a lower cost than anyone else has:Read the answer and worked solution →The idea that each country should specialise where it is relatively most efficient is the principle of:Read the answer and worked solution →A tax imposed on imported goods is a:Read the answer and worked solution →A tariff set lower for some nations than for others is called:Read the answer and worked solution →A limit on the quantity of a certain good that may be brought in is an:Read the answer and worked solution →A total ban on imports or exports of a product is an:Read the answer and worked solution →Shielding home industries from outside competition with artificial barriers is:Read the answer and worked solution →Letting people and businesses buy and sell where they please without barriers is:Read the answer and worked solution →Selling a product abroad at a lower price than at home is called:Read the answer and worked solution →Lowering the value of a nation's currency against other currencies is:Read the answer and worked solution →A system where currency prices move up and down with demand and supply uses:Read the answer and worked solution →A firm lets another company use its manufacturing process for a fee. This is:Read the answer and worked solution →A foreign firm makes private-label goods under contract for a domestic company. This is:Read the answer and worked solution →A domestic firm buys part of a foreign firm and shares the risks. This is a:Read the answer and worked solution →Active ownership of a foreign company or of plants abroad is:Read the answer and worked solution →Part or all of the payment for goods is made in other goods rather than cash. This is:Read the answer and worked solution →Catch the trade barriersRead the answer and worked solution →Pop the entry routesRead the answer and worked solution →Run the trade gatesRead the answer and worked solution →Slice the trade wordsRead the answer and worked solution →Open or closedRead the answer and worked solution →Sort the entry routesRead the answer and worked solution →Type the numberRead the answer and worked solution →Global trade bingoRead the answer and worked solution →

Worked practice questions

The ability to spot international opportunities and threats and adjust to them is called:

  1. Global vision
  2. Global venture
  3. Global voting
  4. Global volume
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Correct answer: A. Global vision

1. It covers both openings and dangers. 2. It shapes how a manager reacts abroad. 3. It is global vision. _Source: OpenStax Introduction to Business, Chapter 3, Competing in the Global Marketplace._

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Selling goods made at home to buyers in another country is:

  1. Expanding
  2. Exporting
  3. Escorting
  4. Extracting
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Correct answer: B. Exporting

1. The goods are produced domestically. 2. The buyers are abroad. 3. This is exporting. _Source: OpenStax Introduction to Business, Chapter 3, Competing in the Global Marketplace._

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The difference between the value of a country's exports and its imports is the:

  1. Balance of trade
  2. Balance of taxes
  3. Balance of terms
  4. Balance of tenure
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Correct answer: A. Balance of trade

1. Only goods flows are compared here. 2. The gap may fall either way. 3. It is the balance of trade. _Source: OpenStax Introduction to Business, Chapter 3, Competing in the Global Marketplace._

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More International Business topics

International BusinessCompeting in the Global MarketplaceBusiness EnvironmentBusiness StudiesCross-Cultural ManagementOrganisational Behaviour