NYSTCE Business and Marketing (063): Practice and Study Guide  /  Business Courses

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Marketing & International Business Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Why is the Customs Border Patrol relevant to a company that wants to export to the U.S.?

Question 2 2. Which of the following is an example of importing?

Question 3 3. Which of the following BEST describes a foreign subsidiary?

Question 4 4. If more Americans want to suddenly purchase goods in Mexico, what likely happens?

Question 5 5. What do NAFTA, the WTO, and the Caux Round Table have in common?

Page 2

Question 6 6. Country A's opportunity cost of producing 1 ton of corn is 5 tons of wheat, while Country B's opportunity cost of producing 1 ton of corn is 1/3 of a ton of wheat. Which of the following statements is true?

Question 7 7. According to the two production possibility curves shown, Country A should specialize in the production of which of the following?

Question 8 8. Which of the following is FALSE about economic integration?

Question 9 9. What type of culture believes that the group is more important than an individual?

Question 10 10. Why are tariffs usually imposed?

Page 3

Question 11 11. The table here shows the labor hours necessary to produce one unit of two goods, salmon and coconut creme pies, in two countries. If labor is the only input used, which of the following statements is true?

Question 12 12. What is the best explanation of monetary policy?

Question 13 13. Which of the following is NOT a barrier to trade?

Question 14 14. Why would a company engage in franchising?

Question 15 15. Assume that there are only two countries, Country A and Country B, producing only two goods, corn cereal and designer jeans. The table here shows the production possibilities for these two countries. Which of the following statements is correct?

Page 4

Question 16 16. Which of the following is an example of exporting?

Question 17 17. Which of the following is NOT a corruption issue?

Question 18 18. When countries specialize in the goods in which they have a comparative advantage, which of the following is true?

Question 19 19. Why would you want your country to be assigned the Most Favored Nation status?

Question 20 20. What is the primary mission of the World Bank?

Page 5

Question 21 21. Which of the following statements is true?

Question 22 22. Why are joint ventures usually formed?

Question 23 23. Which of the following was NOT a reason for the creation of NAFTA?

Question 24 24. What is it called when business transactions take place between two or more countries outside their political boundaries?

Question 25 25. What does it mean for a nation to have an absolute advantage in the production of a good?

Page 6

Question 26 26. Identify the entity that has NOT significantly benefited by GATT:

Question 27 27. Which of the following statements is true?

Question 28 28. How do tariffs make domestic goods more competitive?

Question 29 29. An American company set up a factory in China. They recently found out that some of their employees are children. Which of the following ethical international business issues are they facing?

Question 30 30. How does an embargo differ from a tariff?

Marketing & International Business Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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