Exam 1: Introduction to International Business Transactions

Globalization in trade is likely to be accelerated through increased regionalization.

Describe why the risks to a firm increase as the level of penetration into a foreign market increase.

__________ is a form of exporting used to overcome local restrictions against the repatriation of capital, profits, or hard currency.

The simultaneous buying and selling of a foreign currency in two or more markets in order to take advantage of price differences:

Convertibility, repatriation, and rate fluctuation are all types of:

Discuss the three types of currency risk and describe how an international businessperson might minimize or overcome those risks.

The risks of exporting, licensing, and direct foreign investment can be reduced through the use of:

Local participation requirements refer to:

Import quotas are a type of non-tariff trade barrier.

In order of superiority, the sources of law that guide the International Court of Justice's decisions are:

Copyrights, patents, and real estate are all forms of intellectual property.

Import quotas, customs charges, export subsidies, and discriminatory labeling are all examples of:

There are no United Nations Agencies that are active in issues pertaining to international business transactions.