1. International Business
JEOPARDY
Final Exam Review

2. Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
F i n a l J e o p a r d y
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3. Chapter 1 100
The activities necessary for creating, shipping and selling goods/services across national borders.
Question
A: What is International Business?
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4. \\
Chapter 1 200
Restrictions that reduce free trade among countries.
Question
A: What is are Trade Barriers?
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5. Name 2 of the 4 parts of the International Business environment.
Chapter 1 300
Name 2 of the 4 parts of the International Business environment.
Question
A: What is Geography, Cultural/Social Factors, Political/Legal Factors and Economic Conditions?
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6. Describe the 2 most common reasons a country might use trade barriers.
Chapter 1 400
Describe the 2 most common reasons a country might use trade barriers.
Question
A: What is to protect domestic businesses and jobs? Strong political disagreements and wars between countries can also lead to trade barriers.
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7. Name three factors that influence a country’s economic condition.
Chapter 1 500
Name three factors that influence a country’s economic condition.
Question
A: What is Economic System, Natural Resources, Education, Industries and Money Supply?
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8. What does GDP stand for and what does it measure.
Chapter 2 100
What does GDP stand for and what does it measure.
Question
A: What are Gross Domestic Product – Output of a country within its borders, including items produced with foreign resources?
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9. Difference between a country’s exports and imports.
Chapter 2 200
Difference between a country’s exports and imports.
Question
A: What is Balance of Trade?
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10. Name the most basic economic problem.
Chapter 2 300
Name the most basic economic problem.
Question
A: What is Scarcity?
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11. Name 2 main influences on a country’s economic development.
Chapter 2 400
Name 2 main influences on a country’s economic development.
Question
A: What is Literacy Level, Technology and Agricultural Dependency?
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12. Name the three characteristics of capitalism .
Chapter 2 500
Name the three characteristics of capitalism .
Question
A: What is Private Property, Profit Motive, Free, Competitive Marketplace?
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13. Chapter 3 100
How is a subculture different from a culture. Provide a personal example.
Question
A: What is a subculture is a subset or a part of a larger culture? High school student in a sport, club, etc.
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14. Chapter 3 200
Idea that you carry your beliefs, values and assumptions with you at all times.
Question
A: What is cultural baggage?
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15. Difference between a nuclear family and extended family.
Chapter 3 300
Difference between a nuclear family and extended family.
Question
A: What is the nuclear family consists of parents and children living together; while the extended family consists of parents, children and other relatives living together?
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16. Difference between low-context and high-context communication.
Chapter 3 400
Difference between low-context and high-context communication.
Question
A: What is a low-context is direct communication (literally) while high-context is indirect communication (figuratively)?
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17. Name 3 of the 5 important fundamental values.
Chapter 3 500
Name 3 of the 5 important fundamental values.
Question
A: What is individualism and collectivism; technology; leadership, power, and authority; religion and time?
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18. Difference between a host country and a home country.
Chapter 4 100
Difference between a host country and a home country.
Question
A: What is host country is where a multinational business is a guest and home country is where the business is headquartered.
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19. Chapter 4 200
Where people function as good citizens and are sensitive to their others and their surroundings.
Question
A: What is social responsibility?
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20. Chapter 4 300
Name 3 of the 4 ways protectionism protects domestic businesses from competition.
Question
A: What are tariffs, quotas, boycotts and licensing requirements?
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21. Chapter 4 400
Name 3 of the 4 political risks that could adversely affect foreign companies.
Question
A: What is trade sanctions, expropriation, economic nationalism and civil unrest or war?
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22. Name 4 techniques used to encourage international business.
Chapter 4 500
Name 4 techniques used to encourage international business.
Question
A: What is free-trade zones; most favored nation; free-trade agreements; common markets; export insurance; free or subsidized export marketing assistance to exporters; tax incentives; and reducing or eliminating trade barriers?
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23. Name the type of business structure used by most people.
Chapter 5 100
Name the type of business structure used by most people.
Question
A: What is a sole proprietorships?
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24. Chapter 5 200
Name 2 advantages and 2 disadvantages of organization your business as a corporation.
Question
A: What are advantages: more source of $; limited liability; specialized management; unlimited life. Disadvantages: Corporate charter, limited control; double taxation?
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25. Chapter 5 300
Name 3 low-risk methods for getting involved in International Business.
Question
A: What are indirect exporting, direct exporting, management contracting, licensing and franchising?
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26. Chapter 5 400
Name 3 higher-risk methods for getting involved in International Business.
Question
A: What is joint ventures, turnkey project, foreign direct investment (FDI) and wholly-owned subsidiary.
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27. Chapter 5 500
Allows a company to enter a foreign market by creating a ready-to-use business facility.
Question
A: What is turnkey project?
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28. Difference between a country’s exports and imports.
Chapter 6 100
Difference between a country’s exports and imports.
Question
A: What is a balance of trade?
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29. Importing more goods/services than the country is exporting.
Chapter
Importing more goods/services than the country is exporting.
Question
A: What is your trade deficit?
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30. Define the purpose of the WTO.
Chapter
Define the purpose of the WTO.
Question
A: What are to help producers, exporters and importers conduct business?
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31. Describe the difference between direct barter and countertrade.
Chapter
Describe the difference between direct barter and countertrade.
Question
A: What are direct barter is the exchange of goods/services between two parties with no money involved. Countertrade is the exchange of products/services between companies in different countries with the possibility of some currency exchange?
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32. Name the exporting process in order.
Chapter
Name the exporting process in order.
Question
A: What are Find Potential Customers; Meet the Needs of Customers; Agree on Sales Terms; Deliver Products or Services; Complete the Transaction?
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33. Name the five characteristics of money.
Final Jeopardy
Name the five characteristics of money.
Question
A: Acceptable, scarce, durable, divisible, and portable.
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