International Business ( True/False )

True/False (K/4) Indicate whether the statement is true or false. 1. (point) A letter of credit issued by a bank states that a business has enough money on deposit to cover a transaction 2. (l point) Chinese business people assumed that, in a meeting, the highest-ranking Canadian will enter first 3. (1 point) Cultural relativism is the belief that behaviour should be governed by what will bring about the greatest good for the greatest number of people 4. 1 point) Dumping is the practice of selling goods in a foreign country at a price lower than the price charged in the country in which they were manufactured Multiple Choice (K/12) Identify the choice that best completes the statement or answers the question. 5. ( point) A business that fails to research and analyze its target customers is ignoring a costing b. standards c marketing d infrastructure 6. (1 point) The Canadian dollar is widely accepted on the foreign currency exchange market because it is a soft currency b. paper currency chard currency d all of the above 7. (1 point) Which of the following currency ratings is the lowest? BB b d AA 8. (1 point) A bank document assuring that a business has enough funds on deposit to cover an international transaction is called a a bank draft bletter of credit c money order d line of credit 9. (I point) The term used for the tax that the government of Canada levies on imports is a excise tax b. import tax clevy tax d. tariff 10. (1 point) Translation services, interest charges, metric labelling requirements, and local taxes are part of a retail value b. hidden costs c. the exporter's fee d the importer's fee 11. (point) The large-scale public systems, services, and facilities needed for economic activity are called a economic development b. public works C public services d infrastructure 12. (1 point) The belief that certain forms of behaviour are categorically right or wrong is called a ethical imperialism b. an ethical dilemma ca cultural dilemma d cultural relativism 13. (1 point) A company that commits visible human and material resources to a chosen cause is participating in a gift giving b. social marketing c advertising d promoting 14. (1 point) Which of the following are risks that Canadian businesses take in foreign markets? a exchange regulations b. lack of legal recourse c. shipping logistics d all of the above 15. (1 point) Which of the following effects of multinational corporations activities is considered negative? a providing jobs on site b. investing profits locally cimposing values and customs d protecting the environment 16. (1 point) Which of the following consumer behaviours is aimed at encouraging multinational companies to be socially responsible? a spending b. activism buying d freedom