Ch 5.2 Business Quiz Worksheet

Why is diversity important in a global business setting?

• It reduces costs

• It increases the pool of potential candidates

• It simplifies communication

• It limits cultural differences

What is a key skill in business communication, especially when dealing with diverse backgrounds?

• Writing reports

• Listening

• Negotiating prices

• Designing logos

What is an important form of nonverbal communication in international business?

• Written contracts

• Body language

• Email communication

• Phone calls

What is a multinational corporation?

• A company that operates only domestically

• A company that operates in more than one country

• A company that only exports goods

• A company that only imports goods

What is licensing in the context of international business?

• Selling products directly to consumers

• Selling the right to manufacture products or use a trademark

• Importing goods from another country

• Exporting goods to another country

What is a joint venture?

• A single company operating in multiple countries

• A partnership of two or more companies for a specific business purpose

• A company that only sells franchises

• A company that only licenses products

What is a potential problem with licensing agreements?

• High import taxes

• Improper use of the trademark or product

• Difficulty in finding a market

• Lack of communication

Planning and managing the flow of goods, services, and people to a destination.

• transportation

• logistics

• distribution

• delivery

Planning and managing the flow of goods, services, and people to a destination.

• transportation

• logistics

• distribution

• delivery

Which of the following is a way for a company enter the global market?

• Only sell goods in domestic markets.

• Limit sales to online platforms in the home country.

• Produce and sell goods both domestically and in another country.

• Focus solely on local suppliers without international expansion.