Show:
Currency
International Basics
Global Marketplace
International Business Organizations
Careers
100
This is the value of a currency in one country compared with the value in another.
What is exchange rate?
100
These are restrictions to free trade.
What are trade barriers?
100
This refers to a nation's transportation, communication, and utility systems.
What is infrastructure?
100
This is an organization that does business in several countries.
What is a multinational company (MNC)?
100
This is a person who acts as a coach to help companies overcome cultural barriers to international trade.
What is a Cross-Cultural Trainer?
200
Balance of Payments, Economic Conditions & ___________ are the three main factors affecting currency exchange rates.
What is political stability?
200
This is a tax that a government places on certain imported products.
What is a tariff?
200
These are the four main factors affecting international business.
What are geography, culture, economic development & political/legal concerns?
200
This is an agreement between two or more companies to share a business project.
What is a joint venture?
200
These are careers pertaining to global economics which are expected to grow in demand.
What are customs inspector, interpreter/Translator, Global Purchasing Manager, Transportation/Freight Inspector, International Sales Representative, & cross-cultural trainer?
300
When a country has a favorable balance of payments, the value of its currency is usually constant or ________.
What is rising?
300
This is a selected area where products can be improrted duty-free.
What is a free-trade zone?
300
Literacy level, technology and _____________ are all considered in determining the level of economic development of a nation.
What is agricultural dependency?
300
This is selling the right to use some intangible property.
What is licensing?
300
This person helps international companies pass inspections when goods enter another country.
What is a customs broker?
400
Of Brazil, Venezuela & Britain, the currency of this country is worth the most in terms of U.S. dollars.
What is Britain?
400
This is where free trade zones are usually located.
What is near airports or seaports?
400
The European Union is a type of economic community known as this.
What is a common market?
400
These are two strategies which MNC can use to sell products world-wide.
What are global & Multinational strategies?
400
Employment of these people are not usually affected by economic fluctuations.
What are inspectors and compliance officers?
500
This is the cost of using someone else's money.
What is interest (or interest rate)?
500
This agreement between the US, Canada & Mexico removes duties and trade barriers on products to ease the movement of goods.
What is NAFTA (North American Free Trade Agreement)?
500
This is a limit on the quantity of goods a nation will import from another nation.
What is a quota?
500
This 150 member organization was started in 1995 to promote trade around the world.
What is the World Trade Organization (WTO)?
500
This is the country to which the US has it's largest trade inbalance.
What is China?