FBLA International/Global Business Practice Test

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• What is corporate social responsibility (CSR)?
• What is a "joint venture"?
• In what scenario is a company most likely to encounter ethical challenges?
• What is a significant issue for slogans and trademarks when used in different countries?
• Which of the following is not considered a characteristic of money?
• What is the term for expatriates who are paid to manage operations abroad?
• Employers for multinational companies do not hire employees based on:
• What does a tax deferred investment imply?
• Which measurement of an investment's performance reflects its growth over time?
• In the context of marketing, product adaptation may involve
• Which of the following is an international firm?
• How do developed countries differ from developing countries?
• What is a localization strategy in international business?
• What is the effect of changing demographics for a country regarding marketing opportunities?
• Political instability in a country is likely to result in what change regarding questionable ethics?
• What term describes the concept that individuals carry their beliefs and values with them at all times?
• What is the maximum duration a tax holiday for companies investing in foreign countries can last?
• Which approach uses natives of the parent country to fill key positions?
• What does the term 'psychographic' refer to in consumer behavior analysis?
• Which of the following is not included in the marketing mix?
• What defines a competitive advantage?
• What does "import quota" refer to?
• What are business ethics?
• What does GATT stand for?
• What does "supply chain management" involve?
• What is a characteristic of international marketing?
• What type of market involves purchasing products primarily for personal use?
• What does economic integration involve?
• What is foreign direct investment (FDI)?
• Which term describes an economy that is heavily dependent on international trade?
• What is a financial document issued by a bank for an importer in which the bank guarantees payment?
• Among the following, which is NOT a geographic factor that influences the international business environment?
• Self insurance of ___ occurs when a company takes responsibility for losses from certain risks.
• What is "due diligence" in international business?
• Which stock exchange is the largest in the world?
• What type of human resources approach uses natives from the host country to manage operations?
• Attitudes affecting consumer behavior are classified as which type of factors?
• In what way do developed countries seek to support developing countries?
• Which international organization primarily focuses on promoting global monetary cooperation and securing financial stability?
• What are tariffs?
• What defines a multinational corporation (MNC)?
• What is a "market entry strategy"?
• Which of the following is a key factor in determining a country's success in international trade?
• What is the purpose of value chain analysis?
• Which activity is NOT typically a function of a wholesaler?
• What is meant by the term emerging market?
• ___ is when a company buys land or other resources in another country.
• What is a debt certificate issued by a multinational company or another corporate enterprise called?
• What defines foreign currency exchange risk?
• What term describes making, buying, and selling goods and services within a single country?
• Which marketing functions must businesses complete whether marketing nationally or internationally?
• What is barter?
• What is one role of a customs broker in international trade?
• What is globalization?
• What occurs when a government assumes control over foreign-owned assets?
• What is one major reason for businesses to analyze labor costs when entering a new market?
• What are economic sanctions?
• What does product adaptation in global marketing primarily aim to achieve?
• Which statement about insurable risks is NOT true?
• What is the significance of intellectual property rights in global business?
• What allows a company to file a single patent application for multiple countries?
• What does equity represent in terms of financial investment?
• What does a balance of payments record?
• ____ occurs when the engine of an automobile is produced in Germany and the rest of the automobile is produced in the United States.
• What is a common non-tariff barrier that countries may use?
• What is a key benefit of direct distribution for businesses?
• Which type of capital is provided by a company's owners?
• What is a certificate that adds to or changes the coverage of an insurance policy?
• When purchasing insurance, the first step is to
• What pricing strategy leads people to assume that higher prices indicate better quality?
• What is a trade deficit?
• Which of the following activities is not considered a part of marketing?
• What is meant by "currency fluctuation"?
• In contract terms, what does "consideration" generally refer to?
• When a farm delivers fresh vegetables directly to a supermarket, this process is known as what type of distribution?
• What does market segmentation refer to?
• Why is understanding cultural differences crucial for global marketers?
• What are foreign market entry barriers?
• What does a tax holiday provide to corporations investing in a country?
• Which statement does not describe a multinational company?
• What is the currency of Japan?
• What is a key benefit of having a value chain analysis?
• What type of brand is recognized and used worldwide in many geographical areas?
• In which region is blackened teeth considered a beauty standard?
• What does business incubation mean?
• ____ are people who live and work outside of their native countries.
• What does tax-deferred investment mean?
• What does the term "expropriation" refer to in international business?
• What is generally NOT a primary component of an expatriate's compensation package?
• Which of the following is a responsibility of wholesalers in the product distribution chain?
• What type of financial instrument is a debt certificate issued by a multinational company?
• What is the main objective of market research?
• When comparing countries for market potential, what should companies consider beyond income and population?
• What is the significance of an export license for businesses involved in international trade?
• Which of the following sources does not publish information on stock and bond performance?
• How many members does the World Trade Organization have?
• What is the primary benefit of joining a free-trade area?
• Which of the following defines financial markets?
• Which of the following is not considered a positive impact of technology on global marketing?
• What does "locus of control" refer to in a business context?
• The United States has many sellers offering blue jeans. This is an example of
• What document signifies an agreement between two parties for future payment?
• Which type of business entity is referred to as an intermediary?
• Which characteristic do multinational companies NOT consider when hiring employees?
• What is a trade surplus?
• What is the definition of "export" in international trade?
• Changing demographics for a country will lead to what impact?
• Which is not a cultural and social factor that affects the international business environment?
• What does the term 'yield' typically refer to in the context of investments?
• Which item should NOT be included in a resume?
• How is the annual earnings for an international investment typically measured?
• What does "out-sourcing" refer to?
• What is a business model?
• The host country:
• What are non-tariff barriers to trade?
• Managers and families moving to other parts of the world take part in ___ to understand the local culture.
• ___ refers to when a company avoids the risks related to international business by only selling products in its home country.
• What is a "free trade area"?
• The __ uses managers from various countries with the geographic region of a business.
• Who ships goods to customers in other countries?
• Which pricing method is associated with the belief that higher prices indicate better quality?
• Why might travelers incur higher costs when using credit cards abroad compared to cash?
• The multinational company does not have to comply with the home country's ___ mandates.
• How are annual earnings for an international investment measured?
• Which language is spoken by the greatest number of people globally?
• One of the most troubled economies in the world is:
• What does an outsourcing strategy involve?
• What does a business plan outline?
• Which of the following ethical issues is NOT currently facing global corporations?
• What should individuals traveling for work ensure regarding their health?
• What term describes buyers who purchase items for the purpose of resale or further production?
• What status allows a country to export goods under the lowest customs duty rates?
• What is the main goal of the International Monetary Fund (IMF)?
• An economy that allows an individual to personally own a business with little or no interference from the government is a:
• Which of the following is not an advantage of operating a business as a sole proprietorship?
• A U.S. toy company allows a Chinese company to create clothing and school supplies with one of its doll characters on the products. This is an example of:
• Which legal protection covers inventions in the United States but may not be recognized elsewhere?
• The ___ brings together resources for a company to get started and operate successfully.
• What is price elasticity of demand?
• In a global context, what does e-commerce entail?
• What type of legal system relies on the accumulation of decisions made in prior cases?
• Which method is not typically used for a business to engage in international trade?
• What is a government-imposed charge on imported goods called?
• Global corporations focus on:
• What does cultural sensitivity contribute to in the context of international business?
• What is a characteristic of a low-context culture?
• What is meant by "cultural sensitivity" in international business?
• Property or risks not covered by an insurance policy are called
• What is a key benefit of e-commerce for companies like Dell?
• What is risk management in international business?
• What is a trade bloc?
• Which type of business primarily focuses on activities within a country's borders?
• Wearing a cross-shaped necklace is illegal in which country?
• Which of the following is a common outcome of effective market research?
• Which of these is a key function of the International Monetary Fund (IMF)?
• What can governments impose against another country to protest that country's behavior?
• Owners of a ____ do not have unlimited liability.
• Global dependency exists when:
• How is "import" defined?
• Which factor does NOT contribute to the failure of parent-country nationals?
• What term describes a situation where a country imports more than it exports?
• What term describes a policy that encourages exports and discourages imports, while controlling capital movement?
• Which Western European country did not develop a comprehensive set of rules at one time?
• The economic system based upon the profit motive is the:
• What is a disadvantage of high capital costs for international businesses?
• Which of the following encompasses all activities needed to create and sell goods and services across national borders?
• Which factor does not influence economic conditions and consumer demand?
• ___ are products sold in other countries.
• What characterizes the foreign exchange market?
• What type of capital is provided by a company's owners?
• Which of the following is not a service provided by retailers?
• The primary focus of financial markets is to
• Which country would have the greatest number of extended families?
• Some countries may offer a company a specific type of incentive that allows them to avoid corporate income taxes. What is this called?
• How does cultural misunderstanding affect international business?
• The United States is__________ percent of the world's population.
• What defines a high-context culture?
• What does "international marketing" involve?
• Which of the following is not true about an insurable risk?
• What is meant by market advantage?
• Which of the following can be considered a method of financing a business?
• What is the purpose of an export license?
• Which organization provides capital and technical assistance to businesses in developing nations?
• What advantage does tax deferral typically provide to investors?
• Which of the following is a common reason for a government to impose tariffs on imported goods?
• Which term is often associated with trade policies that prioritize exports?
• What do trade agreements primarily regulate?
• How is cross-cultural communication defined?
• What is the World Trade Organization (WTO)?
• ____ is an agreement between two or more companies from different countries to share a business project.
• Which entity is known for providing ratings and analysis for bonds and stocks?
• The ____ is a certificate that adds to or changes the coverage of an insurance policy.
• Understanding one's locus of control can help in which of the following areas?
• Individuals looking to export to Japan should avoid contacting which entity?
• What are foreign trade zones?
• Which of the following is a benefit of globalization?
• Which of the following is not considered a positive impact of technology on global marketing?