International Business Quiz

What is international business?

• Business activities within a country

• Business transactions across national borders

• Business done only by government

• Domestic retail trade

Which of the following is NOT part of international business activities?

• Local grocery sales

• Foreign direct investment

• Service exports

• Licensing

Which of the following is a characteristic of domestic business (DB)?

• Involves multiple currencies

• Operates within the country's borders

• Deals with multiple governments

• Engages in global transactions

Example of visible trade is:

• Tourism services

• Export of palm oil

• Financial consultation

• Insurance services

Which is considered an invisible trade activity?

• Education services to foreign students

• Exporting furniture

• Importing electronics

• Selling clothes

Which of the following is a mode of international investment?

• Personal loans

• Foreign Direct Investment (FDI)

• Insurance claims

• Importing machinery

What is globalization in international business context?

• Limiting trade to local markets

• Integration of markets, economies, and cultures globally

• Trading only with neighbors

• Isolating domestic products

Which of these is a driver of globalization?

• Technological advancement

• Price regulation

• Employee turnover

• Domestic policies

Which of the following is an effect of globalization?

• Fewer products available

• Higher prices

• Wider range of choices

• Limited market

Which of the following is a benefit of international business?

• Access to new markets

• Decrease in trade

• Lack of competition

• Reduced cultural exposure