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Multiple Choice Quiz
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1
In terms of business commerce, _________ control the global production and distribution networks that handle the majority of world trade.
A)totalitarian governments
B)representative democracies
C)free-trade areas
D)multinationals
2
________ is best described as being a system that holds the belief that all property should be owned by the state and that no individual should have the right to own private property.
A)Communism
B)Representative democracy
C)Totalitarian government
D)Government
3
__________ are restrictions on the amounts of a good or service that can be imported into a country.
A)Tariffs
B)Free-trade agreements
C)Quotas
D)Intermediaries
4
All of the following except ________ are considered to be barriers to free trade.
A)tariffs
B)subsidies
C)quotas
D)taxes
5
Which one of the following countries is not a member of NAFTA?
A)Costa Rica
B)The United States
C)Mexico
D)Canada
6
__________ is a group of countries that agree to promote the free flow of goods and services between them.
A)CAFTA
B)A representative democracy
C)GATT
D)A free-trade area
7
The set of forces surrounding a company that determine its ability to obtain productive resources such as land, labor, capital, and enterprise is called __________.
A)free trade agreements
B)global outsourcing
C)the global environment of the business
D)the market share of the organization
8
When a company acts as a go-between to manage the sales of products between sellers and buyers, the company is referred to as a/an __________.
A)multinational
B)global organization
C)intermediary
D)outsourcer
9
Which of the following statements regarding competitors is false?
A)Competitors are an important force in the global environment that confronts companies.
B)Competitors have no interest in obtaining market share.
C)The larger the number of competitors in a particular market, the lower the prices they can charge for products.
D)Competitors will do all they can to retain customers and prevent loss of market share.
10
A ________ is an economic system in which the production of goods and services is left in the hands of private enterprise.
A)totalitarian government
B)representative democracy
C)mixed economy
D)free-market economy





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