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International business

Quiz by Debbie

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6 questions
Show answers
  • Q1
    What does the term 'globalization' refer to in the context of International business?
    The process of reducing international trade
    The process of increased interconnectedness and interdependence among countries
    The process of isolating countries from each other
    The process of limiting foreign investments
    30s
  • Q2
    What is the main goal of a multinational corporation (MNC) in International business?
    To expand operations and maximize profits in multiple countries
    To solely focus on social responsibility
    To minimize profits and operations in different countries
    To only operate in one country
    30s
  • Q3
    What is a trade barrier in International business?
    A strategy to encourage international trade
    A government-imposed restriction that limits international trade
    A financial incentive for importing goods
    A voluntary agreement between countries to increase trade
    30s
  • Q4
    What is the purpose of a Free Trade Agreement (FTA) in International business?
    To eliminate or reduce trade barriers between participating countries
    To limit the flow of goods and services across borders
    To increase trade barriers among member countries
    To restrict foreign investments in the region
    30s
  • Q5
    What is the primary function of the World Trade Organization (WTO) in International business?
    To impose trade barriers to protect domestic industries
    To restrict cross-border investments in developing nations
    To regulate currency exchange rates among member countries
    To promote free trade and resolve trade disputes between member countries
    30s
  • Q6
    What is the role of a letter of credit in International business transactions?
    To determine international shipping rates for goods
    To establish trade agreements between governments
    To regulate import and export quotas between countries
    To provide payment security for both the buyer and seller
    30s

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