Question 1

What is "Brexit"?

Accepted Answer

A)  the new currency adopted by the European Union 
B)  the United Kingdom's decision to leave the European Union 
C)  a set of sanctions imposed on EU members that trade outside of the union 
D)  the unilateral decision to remove the United Kingdom and France from the union 
E)  the term used for tariffs the EU has imposed on other nations 
A)  the new currency adopted by the European Union 
B)  the United Kingdom's decision to leave the European Union 
C)  a set of sanctions imposed on EU members that trade outside of the union 
D)  the unilateral decision to remove the United Kingdom and France from the union 
E)  the term used for tariffs the EU has imposed on other nations

Question 2

Because it goes against their religious beliefs, some Muslim nations forbid the importation of alcoholic beverages into their countries. This is an example of a(n)

Accepted Answer

A)  trade tariff. 
B)  trade embargo. 
C)  quota limit. 
D)  fixed tariff. 
E)  ad valorem tariff. 
A)  trade tariff. 
B)  trade embargo. 
C)  quota limit. 
D)  fixed tariff. 
E)  ad valorem tariff.

Question 3

Until 1970, the United States experienced a trade surplus. What factor contributed to this surplus?

Accepted Answer

A)  inefficient manufacturing systems 
B)  plentiful imports from other countries 
C)  a negative balance of payments 
D)  an abundance of natural resources 
E)  healthy economies in other countries 
A)  inefficient manufacturing systems 
B)  plentiful imports from other countries 
C)  a negative balance of payments 
D)  an abundance of natural resources 
E)  healthy economies in other countries

What is "Brexit"?

Because it goes against their religious beliefs, some Muslim nations forbid the importation of alcoholic beverages into their countries. This is an example of a(n)

Until 1970, the United States experienced a trade surplus. What factor contributed to this surplus?

The Dynamics of Business and Economics

Business Ethics and Social Responsibility

Options for Organizing Business

Small Business, Entrepreneurship, and Franchising

The Nature of Management

Organization, Teamwork, and Communication

Managing Operations and Supply Chains

Motivating the Workforce

Managing Human Resources

Customer-Driven Marketing

Dimensions of Marketing Strategy

Digital Marketing and Social Networking

Accounting and Financial Statements

Money and the Financial System

Financial Management and Securities Markets

Personal Financial Planning and Legal and Regulatory Environment

Appendix A: Guidelines for the Development of the Business Plan

Appendix B: Personal Career Plan

Appendix C: Risk: The Basics of Risk Management

Filters

Exam 3: Business in a Borderless World

What is "Brexit"?

Because it goes against their religious beliefs, some Muslim nations forbid the importation of alcoholic beverages into their countries. This is an example of a(n)

Until 1970, the United States experienced a trade surplus. What factor contributed to this surplus?

The Dynamics of Business and Economics

Business Ethics and Social Responsibility

Options for Organizing Business

Small Business, Entrepreneurship, and Franchising

The Nature of Management

Organization, Teamwork, and Communication

Managing Operations and Supply Chains

Motivating the Workforce

Managing Human Resources

Customer-Driven Marketing

Dimensions of Marketing Strategy

Digital Marketing and Social Networking

Accounting and Financial Statements

Money and the Financial System

Financial Management and Securities Markets

Personal Financial Planning and Legal and Regulatory Environment

Appendix A: Guidelines for the Development of the Business Plan

Appendix B: Personal Career Plan

Appendix C: Risk: The Basics of Risk Management

Filters