Business Mgmt Unit 5 Exam Review - KM

How often does the foreign exchange take place?

• Every day

• Once a week

• Twice a month

• Every other day

Which of the following is NOT considered a debit item in the balance of trade?

• Domestic spending abroad

• Imports from abroad

• Foreign spending in the domestic economy

• Foreign aid and assistance

When considered low, the economy shows a rising currency value. Which of the following terms describes this occurrence?

• Interest rate

• Inflation

• Public debt

• Deficit

Which agreement focuses on tariffs related to agriculture, textiles, and automobiles?

• North American Free Trade Agreement

• General Agreement on Tariffs and Trade

• The United States Free Trade Agreement

• Global Free Trade

Global Free Trade

• True

• False

In 2010, the most common U.S. family household was married couples without children.

• True

• False

One reason for increased global competition is the industrialization of foreign countries.

• True

• False

Speculative risks are most commonly associated with businesses.

• True

• False

Business risks are generally greater when a business first begins operation.

• True

• False

High dependency risks occurs when one party or another fails to pay for purchase.

• True

• False