Business Management

Question 1

1A company that operates in many countries is a

Easy

A. multinational corporation B. co-operative C. partnership D. sole trader

Question 2

2A joint venture in international business is

Hard

A. two firms sharing ownership of a new business B. a merger of governments C. an exchange rate D. a type of tariff

Question 3

3The African Continental Free Trade Area (AfCFTA) secretariat is in

Easy

A. Accra B. Addis Ababa C. Nairobi D. Abuja

Question 4

4Exporting means

Easy

A. buying from abroad B. selling locally C. selling goods to other countries D. manufacturing

Question 5

5The agreement creating a single African market is the

Easy

A. NAFTA B. OPEC C. African Continental Free Trade Area (AfCFTA) D. ECOWAS Treaty of 1975 only

Question 6

6A barrier to international trade is

Easy

A. good roads B. tariffs C. common currency D. free trade agreements

Question 7

7Selling goods and services to other countries is

Easy

A. franchising B. dumping C. importing D. exporting

Question 8

8Dumping in international trade means

Hard

A. free trade B. export subsidies only C. selling goods abroad below their cost or home price D. buying in bulk

Question 9

9A company that operates in many countries, with headquarters in one, is a

Easy

A. partnership B. sole proprietorship C. cooperative D. multinational corporation

Question 10

10Exchange-rate risk in international business is the risk that

Easy

A. machines break B. currency values change and affect profits C. goods are stolen D. staff resign