国际商务试题 英语
- 格式:docx
- 大小:22.40 KB
- 文档页数:18
1. What does the acronym "CIF" stand for in international trade?A. Cost, Insurance, and FreightB. Cash in FlightC. Central Intelligence FacilityD. Commercial International Finance2. Which document is used to transfer title of goods in international t rade?A. Bill of LadingB. Commercial InvoiceC. Packing ListD. Certificate of Origin3. What is the primary purpose of a Letter of Credit in international t rade?A. To provide a loan to the buyerB. To guarantee payment to the sellerC. To reduce the price of goodsD. To increase the shipping time4. Which of the following is a characteristic of a free trade agreement?A. Increased tariffsB. Reduced trade barriersC. Restricted market accessD. Increased government control5. What does "FOB" stand for in shipping terms?A. Free on BoardB. Fixed on BudgetC. Final Order BatchD. Foreign Original Brand6. Which of the following is a key element of a successful business pre sentation in English?A. Using complex jargonB. Providing clear and concise informationC. Reading directly from notesD. Avoiding eye contact7. What is the best way to address a business email to a recipient whose name you do not know?A. "Dear Sir/Madam"B. "Hello"C. "To Whom It May Concern"D. "Dear Customer"8. Which of the following is an example of a soft skill in business com munication?A. Proficiency in ExcelB. Ability to negotiateC. Knowledge of SAP softwareD. Typing speed9. What is the term for the process of adapting a product to meet the c ultural preferences or regulatory requirements of a foreign market?A. StandardizationB. LocalizationC. GlobalizationD. Customization10. Which of the following is a common business protocol when meeting s omeone for the first time in a professional setting?A. Giving a firm handshakeB. Avoiding personal questionsC. Maintaining good eye contactD. All of the above11. What is the purpose of a SWOT analysis in business?A. To identify the strengths, weaknesses, opportunities, and threat s of a businessB. To calculate the financial performance of a companyC. To determine the market share of a productD. To forecast future sales12. Which of the following is a characteristic of effective business wr iting?A. Using passive voiceB. Including slang termsC. Being concise and clearD. Writing in a highly formal tone13. What is the main advantage of using a VPN in international business?A. It increases internet speedB. It provides security and privacy for online activitiesC. It reduces the cost of international callsD. It enhances the quality of video conferences14. Which of the following is a common challenge in international busin ess communication?A. Lack of cultural awarenessB. Overuse of technologyC. Insufficient financial resourcesD. High domestic competition15. What is the role of a business interpreter in international meeting s?A. To translate spoken language in real-timeB. To provide legal adviceC. To manage the meeting agendaD. To conduct market research16. Which of the following is a benefit of attending international trade shows?A. Reduced exposure to new technologiesB. Limited networking opportunitiesC. Increased visibility and potential business opportunitiesD. Higher costs for participation17. What is the term for the strategy of entering a foreign market by a cquiring or merging with a local company?A. Greenfield investmentB. Joint ventureC. FranchisingD. Brownfield investment18. Which of the following is a key factor in maintaining good business relationships internationally?A. Consistency in communicationB. Ignoring cultural differencesC. Focusing solely on profitD. Using aggressive negotiation tactics19. What is the primary purpose of a Non-Disclosure Agreement (NDA) in business?A. To protect confidential informationB. To enforce payment termsC. To regulate employee conductD. To establish a partnership20. Which of the following is a common business etiquette in Japan?A. Blowing your nose in publicB. Bowing as a form of greetingC. Using left-hand gesturesD. Loud public conversations21. What is the term for the practice of basing a company's strategy on the resources and capabilities it possesses?A. Resource-based viewB. Market-based viewC. Product-based viewD. Customer-based view22. Which of the following is a critical aspect of business negotiation s in the Middle East?A. Formal attireB. Quick decision-makingC. Building personal relationshipsD. Focusing solely on the contract terms23. What is the main purpose of a business plan in international expans ion?A. To secure fundingB. To decorate the officeC. To impress competitorsD. To reduce operational costs24. Which of the following is a common business document used in intern ational transactions?A. Recipe bookB. Travel itineraryC. Purchase orderD. Novel25. What is the term for the process of analyzing and adjusting a compa ny's operations to improve efficiency and effectiveness?A. Strategic planningB. Business process reengineeringC. Market analysisD. Financial auditing26. Which of the following is a key component of a successful internati onal marketing strategy?A. Ignoring local customsB. Focusing on a single productC. Tailoring the message to the target audienceD. Using only one language27. What is the primary purpose of a business proposal?A. To entertain the readerB. To persuade the recipient to take actionC. To provide historical dataD. To criticize competitors28. Which of the following is a common business practice in Germany?A. Informal dress codeB. Formal business meetingsC. Casual email communicationD. Flexible working hours29. What is the term for the process of setting up a new business opera tion in a foreign country?A. MergerB. AcquisitionC. Greenfield investmentD. Divestiture30. Which of the following is a critical factor in international busine ss success?A. Lack of market researchB. Ignoring legal regulationsC. Effective cross-cultural communicationD. Overdependence on domestic markets31. What is the main purpose of a business case in project management?A. To document the project's historyB. To justify the need for the projectC. To outline the project's risksD. To describe the project's competitors32. Which of the following is a common business document used in intern ational finance?A. MenuB. Balance sheetC. Travel guideD. Novel33. What is the term for the process of adapting a company's products o r services to meet the needs of different cultures or markets?A. StandardizationB. LocalizationC. GlobalizationD. Customization34. Which of the following is a key element of a successful internation al business strategy?A. Ignoring cultural differencesB. Focusing solely on domestic marketsC. Developing a global mindsetD. Using only one communication channel35. What is the primary purpose of a business report?A. To entertain the audienceB. To provide information and analysisC. To criticize competitorsD. To promote personal opinions36. Which of the following is a common business practice in the United States?A. Formal attireB. Informal business meetingsC. Strict adherence to traditionD. Limited use of technology37. What is the term for the process of entering a foreign market by es tablishing a new operation from scratch?A. MergerB. AcquisitionC. Greenfield investmentD. Divestiture38. Which of the following is a critical factor in international busine ss negotiations?A. Ignoring cultural normsB. Focusing solely on priceC. Building trust and rapportD. Using aggressive tactics39. What is the main purpose of a business model?A. To describe the company's historyB. To outline the company's strategy for creating, delivering, and capturing valueC. To provide legal adviceD. To criticize competitors40. Which of the following is a common business document used in intern ational trade?A. Recipe bookB. Travel itineraryC. Commercial invoiceD. Novel41. What is the term for the process of analyzing and adjusting a compa ny's operations to improve efficiency and effectiveness?A. Strategic planningB. Business process reengineeringC. Market analysisD. Financial auditing42. Which of the following is a key component of a successful internati onal marketing strategy?A. Ignoring local customsB. Focusing on a single productC. Tailoring the message to the target audienceD. Using only one language43. What is the primary purpose of a business proposal?A. To entertain the readerB. To persuade the recipient to take actionC. To provide historical dataD. To criticize competitors44. Which of the following is a common business practice in Germany?A. Informal dress codeB. Formal business meetingsC. Casual email communicationD. Flexible working hours45. What is the term for the process of setting up a new business opera tion in a foreign country?A. MergerB. AcquisitionC. Greenfield investmentD. Divestiture46. Which of the following is a critical factor in international busine ss success?A. Lack of market researchB. Ignoring legal regulationsC. Effective cross-cultural communicationD. Overdependence on domestic markets47. What is the main purpose of a business case in project management?A. To document the project's historyB. To justify the need for the projectC. To outline the project's risksD. To describe the project's competitors48. Which of the following is a common business document used in intern ational finance?A. MenuB. Balance sheetC. Travel guideD. Novel49. What is the term for the process of adapting a company's products o r services to meet the needs of different cultures or markets?A. StandardizationB. LocalizationC. GlobalizationD. Customization50. Which of the following is a key element of a successful internation al business strategy?A. Ignoring cultural differencesB. Focusing solely on domestic marketsC. Developing a global mindsetD. Using only one communication channel51. What is the primary purpose of a business report?A. To entertain the audienceB. To provide information and analysisC. To criticize competitorsD. To promote personal opinions52. Which of the following is a common business practice in the United States?A. Formal attireB. Informal business meetingsC. Strict adherence to traditionD. Limited use of technology53. What is the term for the process of entering a foreign market by es tablishing a new operation from scratch?A. MergerB. AcquisitionC. Greenfield investmentD. Divestiture54. Which of the following is a critical factor in international busine ss negotiations?A. Ignoring cultural normsB. Focusing solely on priceC. Building trust and rapportD. Using aggressive tactics55. What is the main purpose of a business model?A. To describe the company's historyB. To outline the company's strategy for creating, delivering, and capturing valueC. To provide legal adviceD. To criticize competitors56. Which of the following is a common business document used in intern ational trade?A. Recipe bookB. Travel itineraryC. Commercial invoiceD. Novel57. What is the term for the process of analyzing and adjusting a compa ny's operations to improve efficiency and effectiveness?A. Strategic planningB. Business process reengineeringC. Market analysisD. Financial auditing58. Which of the following is a key component of a successful internati onal marketing strategy?A. Ignoring local customsB. Focusing on a single productC. Tailoring the message to the target audienceD. Using only one language59. What is the primary purpose of a business proposal?A. To entertain the readerB. To persuade the recipient to take actionC. To provide historical dataD. To criticize competitorsAnswers1. A2. A3. B4. B5. A6. B7. A8. B9. B10. D11. A12. C13. B14. A15. A16. C17. D18. A19. A20. B21. A22. C23. A24. C25. B26. C27. B28. B29. C30. C31. B32. B33. B34. C35. B36. B37. C38. C39. B40. C41. B42. C43. B44. B45. C46. C47. B48. B49. B50. C51. B52. B53. C54. C55. B56. C57. B58. C59. B。
国际商务单选题英语International Business Single-choice Questions。
1. Which of the following is NOT a benefit of international trade?a) Increased market size。
b) Access to new technology。
c) Lower production costs。
d) Reduced competition。
International trade offers numerous benefits to businesses and economies around the world. It enables companies to expand their market size, gain access to new technology, and reduce production costs. However, it does not necessarily result in reduced competition. In fact, international trade often introduces new competitors into the market, increasing competition rather than reducing it.2. Which of the following is an example of a trade barrier?a) Tariffs。
b) Free trade agreements。
c) Intellectual property rights。
d) Market liberalization。
Trade barriers are obstacles that limit the flow of goods and services between countries. They can take various forms, such as tariffs, quotas, or import restrictions. Tariffs, which are taxes imposed on imported goods, are a common example of a trade barrier. Free trade agreements, on the other hand, promote trade by reducing or eliminating trade barriers between participating countries. Intellectual property rights and market liberalization are not trade barriers but rather mechanisms that facilitate trade.3. Which of the following is a characteristic of a multinational corporation (MNC)?a) Operates in a single country。
2023-2024学年第一学期期末试卷1、The classroom is big enough for 25 students for normal use you need more space for special activities.A.once B.because C.if D.unless2、We packed all the hooks in wooden boxes so that they damaged.A.don’t get B.won’t getC.didn’t get D.wouldn’t get3、In a competitive marketplace, finding the key factor that ________ your business fromothers is highly valuable.A.defends B.distinguishesC.prohibits D.selects4、Yet _______ in the process of development did they stop to consider the impact of their“progress” on nature.A.in no time B.at no pointC.as likely as not D.more often than not5、—Let’s go and have dinner this evenin g.—_____. Have you come out first in the exam?A.Thanks a lot. B.Why not?C.What for? D.Yes, I’d like to.6、The explosion in the chemical plant ______ avoided had the county authorities, aiming toomuch at short-term interests, performed their duties from the beginning.A.should be B.might be C.must have been D.could have been7、________ they’ve managed to get everything finished so quickly is not clear to us.A.Which B.WhatC.That D.How8、Modesty is a kind of good quality, which is ______it takes to be your personal best. A.what B.where C.which D.when9、Mary_______ to writing classes every night since June and the course will end this week. A.had gone B.has been goingC.is going D.went10、No matter how carefully you plan your finances, no one can _______ when the unexpected will happen.A.prove B.implyC.demand D.predict第二部分阅读理解(满分20分)阅读下列短文,从每题所给的A、B、C、D四个选项中,选出最佳选项。
2023年自考专业(国贸)《国际商务英语》考试历年真题摘选附带答案第1卷一.全考点综合测验(共20题)1.【单选题】We take the liberty____writing to you with a hope to get your best offers for Chinese bicycles.A.toB. inC.ofD.with2.【单选题】The letter we sent last week is an enquiry _______ color TV sets.A.aboutB. forC.ofD.as3.【单选题】Please see to it that the goods we ordered are shipped as soon as the covering letter of credit ______ you.A.getsesC.arrivesD. reaches4.【单选题】We agree to the amendments to the contract _____requested in your letter of May5.A.asB.likeC. to beD. when5.【单选题】Our bank offers minimum interest ______ for seller financing and for loans of cash.A.levelsB.ratesC.basesD.percentage6.【单选题】We regret the need for you to write to us and hope the steps we are taking____the safe arrival of all your orders in the future.A.insureB. assureC.sureD.ensure7.【单选题】On receipt of your instruction, we shall carry out this order ______.A.in returnB.without least delayC.with least delayD.without delays8.【单选题】The importer will go to the wharf and____delivery of the goods.A.makeB.effectC.fulfillD.take9.【单选题】After unpacking the case we found the goods did not____with the original sample.pareB. matchC.agreeD.measure10.【单选题】____shipment, please amend the L/C to allow transshipment.A.RegardingB.CoveringC.ConcerningD. Referring11.【单选题】We cannot accept any fresh orders _______ heavy commitments.A.due toB.owing toC.becauseD.on account of12.【单选题】Because there is no direct steamer from here to your port, we suggest that you____trans-shipment at Hong Kong.A.may acceptB.acceptC.must acceptD. can accept13.【单选题】Many international companies produce a large number of products, often divided into product________.A.categoriesB.mixC.brandsD.lines14.【单选题】We would like to take this ______ to establish business relations with you.A.openingB.opportunityC. stepD.advantage15.【单选题】We have received your enquiry of October 15_____we learn that you are interested in our Sewing Machines.A.from whichB.in whichC. whichD.at which16.【单选题】______our catalogues for your reference.A.EnclosingB. Please find encloseC.Enclosed please findD.Enclosure17.【单选题】No discount will be allowed ____ you could place an order for more than 5,000pcs.A.untilB. exceptC.besidesD.unless18.【单选题】The credit of letter will be confirmed by the Bank of China, Shanghai, that will _______your draft on the documents at sight for the amount of your invoice.A. acceptB.pay forC. receiveD.obtain19.【单选题】To comply with your request, we are quoting you _____.A.as followingB.as followC. as followsD.follow20.【单选题】As we are ____ the market for Table cloth, we should be glad if you would send us your best quotation。
1. What does "CIF" stand for in international trade?A. Cost, Insurance, and FreightB. Cash in FlightC. Commercial Invoice FormD. Currency Inflation Factor2. Which document is used to declare the value of goods for customs pur poses?A. Bill of LadingB. Commercial InvoiceC. Packing ListD. Certificate of Origin3. In a business email, what is the appropriate way to begin?A. "Hey there!"B. "Dear [Name],"C. "Hi everyone,"D. "Hello,"4. What is the primary purpose of a Letter of Credit in international t rade?A. To provide insurance for the goodsB. To guarantee payment to the sellerC. To reduce the price of the goodsD. To increase the speed of delivery5. Which of the following is a common business etiquette when exchanging business cards in Japan?A. Handing it over with both handsB. Tossing it casuallyC. Writing on the card immediatelyD. Folding the card6. What does "FOB" stand for in shipping terms?A. Free on BoardB. Fixed Office BudgetC. Foreign Owned BusinessD. Final Order Batch7. Which of the following is NOT a component of a business proposal?A. Executive summaryB. Financial projectionsC. Personal diary entriesD. Market analysis8. What is the main function of a Bill of Lading?A. To serve as a receipt for the goodsB. To provide insurance coverageC. To act as a price listD. To certify the quality of goods9. Which of the following is a correct format for a business letter?A. "Dear Sir/Madam, [Body] Yours faithfully,"B. "Hello, [Body] See you soon,"C. "Hi Team, [Body] Best regards,"D. "Dear [Name], [Body] Sincerely,"10. What is the role of the World Trade Organization (WTO)?A. To regulate global trade practicesB. To provide loans to developing countriesC. To manage international sports eventsD. To promote tourism11. Which of the following is a key element of a successful business pr esentation?A. Using slang and informal languageB. Providing detailed personal storiesC. Clear and concise informationD. Reading directly from notes12. What is the purpose of a SWOT analysis in business?A. To identify strengths, weaknesses, opportunities, and threatsB. To calculate the stock market trendsC. To predict weather patternsD. To manage personal finances13. Which of the following is a correct way to address a business email to multiple recipients?A. "Hi all,"B. "Hello friends,"C. "Dear group,"D. "Hey team,"14. What does "ETA" stand for in shipping terms?A. Estimated Time of ArrivalB. Electronic Trade AgreementC. Extended Tax AssessmentD. Early Termination Agreement15. Which of the following is a common business protocol when dining ina formal setting?A. Starting to eat before the hostB. Talking with a mouth fullC. Waiting for the host to start eatingD. Using a cell phone at the table16. What is the main purpose of a Non-Disclosure Agreement (NDA)?A. To protect confidential informationB. To increase the salary of employeesC. To enforce work hoursD. To promote social media usage17. Which of the following is a correct way to end a business email?A. "Cheers,"B. "Best regards,"C. "Later,"D. "Take care,"18. What is the role of a Trade Fair in international business?A. To showcase products and servicesB. To provide legal adviceC. To conduct medical examinationsD. To teach cooking classes19. Which of the following is a correct format for a business report?A. "Introduction, [Body], Conclusion"B. "Personal anecdotes, [Body], Jokes"C. "Random facts, [Body], Opinions"D. "Questions, [Body], Answers"20. What does "ETD" stand for in shipping terms?A. Estimated Time of DepartureB. Electronic Transaction DocumentC. Extended Technical DataD. Early Termination Date21. Which of the following is a common business practice when negotiati ng a deal?A. Being overly aggressiveB. Listening to the other party's needsC. Ignoring the other party's proposalsD. Changing topics frequently22. What is the main purpose of a Business Plan?A. To outline the strategy and operations of a businessB. To decorate the officeC. To entertain employeesD. To track personal hobbies23. Which of the following is a correct way to address a business lette r to an unknown recipient?A. "Dear Sir/Madam,"B. "Hello there,"C. "Hi unknown,"D. "Dear nobody,"24. What does "INCOTERMS" stand for in international trade?A. International Commercial TermsB. Internal Control TermsC. International Currency TransactionsD. Internal Corporate Training25. Which of the following is a key element of a business meeting?A. Casual attireB. Formal agendaC. Personal gossipD. Playing music26. What is the purpose of a Balance Sheet in business?A. To show the financial position at a specific point in timeB. To predict future market trendsC. To provide travel plansD. To list employee birthdays27. Which of the following is a correct way to begin a business present ation?A. "Good morning/afternoon everyone,"B. "Hey folks,"C. "Hello random people,"D. "Hi strangers,"28. What does "L/C" stand for in international trade?A. Letter of CreditB. Local CurrencyC. Legal ContractD. Limited Company29. Which of the following is a common business practice when giving a presentation?A. Using a monotone voiceB. Avoiding eye contactC. Engaging with the audienceD. Reading directly from slides30. What is the main purpose of a Profit and Loss Statement?A. To show the revenue and expenses over a period of timeB. To provide a list of employee namesC. To display office decoration ideasD. To track personal fitness goals31. Which of the following is a correct way to address a business lette r to a known recipient?A. "Dear [Name],"B. "Hello friend,"C. "Hi unknown,"D. "Dear nobody,"32. What does "DDP" stand for in shipping terms?A. Delivered Duty PaidB. Direct Deposit PaymentC. Daily Delivery PlanD. Digital Data Processing33. Which of the following is a key element of a successful business ne gotiation?A. Being inflexibleB. Ignoring the other party's needsC. Finding common groundD. Changing topics frequently34. What is the purpose of a Marketing Plan in business?A. To outline marketing strategies and objectivesB. To provide legal adviceC. To conduct medical examinationsD. To teach cooking classes35. Which of the following is a correct way to end a business presentat ion?A. "Thank you for your attention,"B. "Goodbye everyone,"C. "See you next time,"D. "Take care,"36. What does "EXW" stand for in shipping terms?A. Ex WorksB. Extended WarrantyC. External WorkflowD. Exact Weight37. Which of the following is a common business practice when attendinga trade show?A. Avoiding interaction with exhibitorsB. Dressing casuallyC. Engaging with potential clientsD. Using a cell phone constantly38. What is the main purpose of a Cash Flow Statement?A. To show the flow of cash in and out of the businessB. To predict future market trendsC. To provide travel plansD. To list employee birthdays39. Which of the following is a correct way to begin a business report?A. "Introduction,"B. "Personal anecdotes,"C. "Random facts,"D. "Questions,"40. What does "FCA" stand for in shipping terms?A. Free CarrierB. Fixed Cost AgreementC. Foreign Currency AdjustmentD. Final Consignment Agreement41. Which of the following is a key element of a successful business st rategy?A. Lack of planningB. Ignoring market trendsC. Focusing on long-term goalsD. Frequent changes in direction42. What is the purpose of a Competitive Analysis in business?A. To understand the strengths and weaknesses of competitorsB. To provide legal adviceC. To conduct medical examinationsD. To teach cooking classes43. Which of the following is a correct way to address a business email to a known recipient?A. "Dear [Name],"B. "Hello friend,"C. "Hi unknown,"D. "Dear nobody,"44. What does "CPT" stand for in shipping terms?A. Carriage Paid ToB. Customer Payment TermsC. Central Processing TimeD. Comprehensive Protection Plan45. Which of the following is a common business practice when writing a business proposal?A. Including irrelevant informationB. Focusing on the benefits to the clientC. Using informal languageD. Ignoring the client's needs46. What is the main purpose of a Business Model Canvas?A. To outline the key elements of a business modelB. To provide legal adviceC. To conduct medical examinationsD. To teach cooking classes47. Which of the following is a correct way to end a business letter?A. "Sincerely,"B. "Goodbye,"C. "See you next time,"D. "Take care,"48. What does "DAT" stand for in shipping terms?A. Delivered At TerminalB. Direct Access TechnologyC. Daily Activity TrackerD. Digital Asset Transfer49. Which of the following is a key element of a successful business pa rtnership?A. Lack of communicationB. Ignoring each other's strengthsC. Mutual respect and trustD. Frequent conflicts50. What is the purpose of a Risk Assessment in business?A. To identify and manage potential risksB. To provide legal adviceC. To conduct medical examinationsD. To teach cooking classes51. Which of the following is a correct way to begin a business negotia tion?A. "Let's get straight to the point,"B. "Hello friends,"C. "Hi unknown,"D. "Dear nobody,"52. What does "DAP" stand for in shipping terms?A. Delivered At PlaceB. Direct Access ProtocolC. Daily Activity PlanD. Digital Asset Protection53. Which of the following is a common business practice when attendinga business conference?A. Avoiding networking opportunitiesB. Dressing casuallyC. Engaging with other attendeesD. Using a cell phone constantly54. What is the main purpose of a Strategic Plan in business?A. To outline long-term goals and strategiesB. To predict future market trendsC. To provide travel plansD. To list employee birthdays55. Which of the following is a correct way to address a business prese ntation to an international audience?A. "Good morning/afternoon/evening everyone,"B. "Hey folks,"C. "Hello random people,"D. "Hi strangers,"56. What does "CFR" stand for in shipping terms?A. Cost and FreightB. Central Finance ReportC. Customer Feedback ReviewD. Comprehensive Financial Review57. Which of the following is a key element of a successful internation al business transaction?A. Ignoring cultural differencesB. Focusing solely on one's own interestsC. Understanding and respecting cultural nuancesD. Frequent changes in negotiation tactics58. What is the purpose of a Market Research in business?A. To gather information about market conditions and customer needsB. To provide legal adviceC. To conduct medical examinationsD. To teach cooking classes59. Which of the following is a correct way to end a business negotiati on?A. "Thank you for your time,"B. "Goodbye everyone,"C. "See you next time,"D. "Take care,"答案1. A2. B3. B4. B5. A6. A7. C8. A9. A10. A11. C12. A13. A14. A15. C16. A17. B18. A19. A20. A21. B22. A23. A24. A25. B26. A27. A28. A29. C30. A31. A32. A33. C34. A35. A36. A37. C38. A39. A40. A41. C42. A43. A44. A45. B46. A47. A48. A49. C50. A51. A52. A53. C54. A55. A56. A57. C58. A59. A。
国际商务英语考研模拟试题一、单项选择题(共 20 小题,每小题 2 分,共 40 分)1、The term “FOB” stands for _____A Free on BoardB Freight on BoardC Free of BoardD Freight of Board2、 Which of the following is not a factor of production?A LandB LaborC CapitalD Profit3、 The balance of trade is the difference between a country's exports and imports of _____A ServicesB GoodsC Both goods and servicesD None of the above4、 When a country's currency depreciates, its _____A Exports increase and imports decreaseB Exports decrease and imports increaseC Both exports and imports increaseD Both exports and imports decrease5、 The most common form of trade protectionism is _____A TariffsB QuotasC SubsidiesD All of the above6、 Which of the following is not a function of the World Trade Organization (WTO)?A To promote free tradeB To resolve trade disputesC To provide financial assistance to developing countriesD To set international trade rules7、 The letter of credit is a document issued by a bank at the request of the _____A ExporterB ImporterC CarrierD Customs8、 In international marketing, the process of dividing the market into distinct groups of buyers with different needs, characteristics, or behaviors is called _____A Market positioningB Market segmentationC Market targetingD Market mix9、 The economic system in which the government plays a major role in planning and regulating the economy is called _____A Market economyB Command economyC Mixed economyD Traditional economy10、 The theory of comparative advantage was proposed by _____A Adam SmithB David RicardoC John Maynard KeynesD Milton Friedman11、 A joint venture is a business arrangement in which two or more companies _____A Merge into one companyB Share ownership and control of a new companyC Form a strategic alliance without creating a new entityD Compete against each other in the same market12、 Which of the following is not a form of direct foreign investment?A Greenfield investmentB Mergers and acquisitionsC Portfolio investmentD Licensing13、 The exchange rate at which a currency can be bought or sold immediately is called the _____A Spot exchange rateB Forward exchange rateC Fixed exchange rateD Floating exchange rate14、 The main purpose of countertrade is to _____A Avoid using hard currencyB Increase trade volumeC Improve trade balanceD Promote economic cooperation15、 In international business, cultural differences can affect _____A Negotiation stylesB Marketing strategiesC Management practicesD All of the above16、 The Incoterm that requires the seller to bear the risk and cost until the goods are unloaded at the port of destination is _____A CIFB CFRC DDPD EXW17、 Which of the following is not a characteristic of a global company?A Centralized decisionmakingB Standardized products and servicesC Local responsivenessD Narrow focus on domestic markets18、 The process of adapting a product or service to meet the specific needs and preferences of different countries or regions is called _____A StandardizationB LocalizationC GlobalizationD Customization19、 The main advantage of exporting is that it _____A Requires less investmentB Enables a company to enter new markets quicklyC Reduces risksD All of the above20、 The documentary collection is a method of settlement in international trade where the bank acts as a(n) _____A PrincipalB AgentC GuarantorD Insurer二、阅读理解(共 4 篇,每篇 5 小题,每小题 2 分,共 40 分)Passage 1International trade has become an essential part of the global economy It allows countries to specialize in the production of goods and services in which they have a comparative advantage and trade with other countries to obtain the goods and services they need This specialization and trade lead to increased efficiency and higher living standards worldwideHowever, international trade is not without challenges One of the main challenges is protectionism Some countries impose tariffs, quotas, and other trade barriers to protect their domestic industries This can lead to trade wars and reduce the overall welfare of the global economyAnother challenge is the exchange rate fluctuations Changes in exchange rates can affect the competitiveness of a country's exports and imports A country with a depreciating currency may find its exports more competitive, but at the same time, it will have to pay more for importsIn addition, cultural and legal differences among countries can pose difficulties in international trade Different business practices, languages, and legal systems can make it complicated to conduct crossborder transactionsDespite these challenges, international trade continues to grow and evolve Technological advancements, such as the internet and improved transportation, have made it easier for businesses to reach global markets and conduct international trade1、 What is the main benefit of international trade?A Protection of domestic industriesB Specialization and increased efficiencyC Avoidance of exchange rate fluctuationsD Elimination of cultural differences2、 What is a major challenge in international trade?A SpecializationB Exchange rate stabilityC ProtectionismD Technological advancements3、 How do exchange rate fluctuations affect international trade?A They make exports and imports more stableB They have no impact on competitivenessC They can change the competitiveness of exports and importsD They always benefit the importing countries4、 What can make crossborder transactions complicated?A Similar business practicesB Common languagesC Technological advancementsD Cultural and legal differences5、 What has made international trade easier?A Trade barriersB Exchange rate fluctuationsC Technological advancementsD Cultural differencesPassage 2The World Trade Organization (WTO) plays a crucial role in promoting and regulating international trade It provides a framework for countries to negotiate trade agreements and resolve disputes The WTO's main principles include nondiscrimination, transparency, and predictabilityNondiscrimination means that countries should treat other WTO members equally This is achieved through the MostFavoredNation (MFN) principle, which requires a country to extend the same trade benefits it gives to one trading partner to all other WTO members The National Treatment principle requires that imported goods and services be treated no less favorably than domestic onesTransparency means that WTO members should make their trade policies and regulations publicly available and understandable This helps businesses to operate in a predictable environment and reduces uncertaintyPredictability is ensured through the binding of tariffs and other trade barriers Once a country has committed to a certain level of tariff or othertrade restriction, it cannot increase it without going through the WTO's dispute settlement processThe WTO's dispute settlement mechanism is an important tool for resolving trade conflicts If a country believes that another country's trade actions are inconsistent with WTO rules, it can bring a case to the WTO The WTO's decisions are binding and must be implemented by the member countries1、 What is the main role of the WTO?A To promote and regulate international tradeB To protect domestic industriesC To control exchange ratesD To encourage protectionism2、 What does nondiscrimination mean in the context of the WTO?A Treating other WTO members differentlyB Treating other WTO members equallyC Favoring some trading partners over othersD Ignoring WTO rules3、 What does transparency require WTO members to do?A Keep their trade policies secretB Make their trade policies publicly availableC Change trade policies frequentlyD Ignore other members' trade policies4、 How is predictability ensured in the WTO?A Through flexible trade barriersB Through unbinding tariffsC Through the binding of trade barriersD Through frequent changes in trade rules5、 How are trade disputes resolved in the WTO?A Through negotiations between the countries involvedB Through the WTO's dispute settlement mechanismC By ignoring the problemD By increasing trade barriersPassage 3Foreign direct investment (FDI) has become an increasingly important aspect of international business FDI occurs when a company invests directly in facilities, such as factories or offices, in a foreign country This can take the form of greenfield investment, where a new facility is built from scratch, or mergers and acquisitions, where an existing company is bought One of the main motivations for FDI is to access new markets By investing in a foreign country, a company can gain access to a largercustomer base and increase its sales and profits Another motivation is to take advantage of lower production costs Some countries offer cheaper labor, raw materials, or other factors of production, which can make it more costeffective to produce goods or services thereFDI can also bring benefits to the host country It can create jobs, transfer technology and management expertise, and stimulate economic growth However, it can also have some negative impacts, such as potential environmental damage or crowding out of local businessesGovernments often have policies to attract FDI, such as offering tax incentives, providing infrastructure, or creating a stable business environment At the same time, they also need to regulate FDI to ensure that it benefits the country and does not have adverse effects1、 What is foreign direct investment?A Indirect investment in a foreign countryB Direct investment in financial assets of a foreign countryC Direct investment in facilities in a foreign countryD Borrowing from foreign countries2、 What are the main motivations for FDI?A Access to new markets and lower production costsB Avoidance of taxes and regulationsC To harm the host country's economyD To follow fashion3、 What benefits can FDI bring to the host country?A Job creation and economic growthB Higher production costsC Environmental damage onlyD Decreased technology transfer4、 What do governments do to attract FDI?A Impose high taxesB Provide unstable business environmentC Offer tax incentives and infrastructureD Discourage foreign companies5、 Why do governments need to regulate FDI?A To prevent all benefitsB To ensure only negative impactsC To ensure it benefits the country and avoids adverse effectsD To make it difficult for foreign companiesPassage 4International marketing involves marketing products and services across national borders It requires a deep understanding of the target markets' cultural, economic, and political environmentsOne of the key challenges in international marketing is adapting the marketing mix to the local conditions The marketing mix consists of product, price, place, and promotion The product may need to be modified to meet local tastes, preferences, and regulations Pricing strategies need to take into account local income levels, competition, and exchange rates Distribution channels need to be established that are suitable for the local infrastructure and consumer behavior And promotional campaigns need to be designed that resonate with the local culture and languageAnother challenge is dealing with different legal and regulatory environments Each country has its own laws regarding advertising, product labeling, and consumer protection Marketers need to ensure compliance with these laws to avoid legal problemsCompetition in international markets can also be intense Local companies may have a better understanding of the market and established distribution networks Multinational companies need to have a competitive advantage, such as superior technology, brand reputation, or cost efficiencyDespite these challenges, international marketing offers great opportunities Expanding into new markets can increase sales and profits, and diversify business risks It also allows companies to learn and adopt best practices from different countries1、 What does international marketing require?A Shallow understanding of target marketsB Deep understanding of the target markets' environmentsC Ignoring local conditionsD Uniform marketing strategies2、 What does the marketing mix include?A Product, price, place, and promotionB Only product and priceC Only place and promotionD None of the above3、 What needs to be considered in pricing strategies in international marketing?A Only local income levelsB Only exchange ratesC Local income levels, competition, and exchange ratesD None of the above4、 What is a challenge in international marketing?A Absence of competitionB Similar legal and regulatory environmentsC Different legal and regulatory environmentsD Uniform consumer behavior5、 What opportunities does international marketing offer?A Reduced sales and profitsB Limited business risksC Increased sales and profits and diversified risksD None of the above三、翻译题(共 5 小题,每小题 4 分,共 20 分)1、 The economic crisis has had a significant impact on the global trade2、 We should take measures to protect the environment while promoting economic growth3、 The company is considering expanding its business overseas4、 International trade helps to allocate resources more efficiently5、 The new policy is expected to boost the domestic market四、写作题(共 1 题,20 分)Write an essay of at least 300 words on the topic "The Importance of International Business English in the Global Economy" You should present your own views and support them with examples。
Ⅰ. Translate the following words and expressions from English into Chinese. (10%)1. in a detour 迂回2. competitive devaluation 竞争性贬值3. consignor 寄售人4. customer mobility 客户流动性5. escape clauses 豁免条款6. share holders 股东7. potential loss 潜在损失8. carrying vessel 运载船只9. negligent 粗心大意10. specific duty 从量税Ⅱ. Translate the following words and expressions from Chinese into English. (10%)11.债权国The credit country12.国际合同International contract13.定期付款/分阶段付款Term payment14.被保险人The insured15.人口计划The population plan16.特惠税The preferential duty17.基础设施项目Infrastructure construction project18.装箱单Shipping list19.破产Disrupted20.土地和劳动力Land and labor forceⅢ. Match the words and expressions on the left with the explanations on the right. (10%)21. facilities( d )a. the price or cost of transportation22. premises( g ) b. easily to go bad23. middleman( f ) c. not to do something that has been arranged or decided upon24. perishable ( b ) d. something designed, built or installed to serve a specificfunction or perform a particular service25. access( j ) e. the act of paying a bill, debt, charge, etc.26. controversy( i ) f. trader through whom goods pass between the producer andthe customer27. carriage( a ) g. a tract of land including its buildings28. settlement( e ) h. an official group of persons who direct or supervise someactivities of a firm29. board( h ) i. public argument about something which many peopledisagree with30. cancel( c ) j. a way by which a place, esp. property can be reached orentered or usedⅣ. Make brief explanations of the following terms or give the full name of the abbreviation in English. (10%)31. term draft 远期汇票A draft which requires to pay after sight or in a given period of time after representation of relevant documents.32. transferable credit 可转让信用证Credit which can be transferred to other parties during the transportation of goods.33. direct quote 直接报价A certain amount of foreign currency, usually one unit or one hundred unit, is marked with equivalent amount of homecurrency.34. acquisition 收购Buying existing facilities35. GA TT 关税和贸易总协定The General Agreement of Tariff and Trade.V. Answer the following questions in English. (20%)36. What are the five major modes of the modern freight transportation system?Water, air, road, rail, pipeline37. What do “valued” policies mean?Valued policies mean that a country provide investors with preferential policies for insured return in order to attract foreign investment.38. What is the purpose to establish GSP(the Generalized System of Preference)?The purpose of GSP is to help development of developing countries by provide tariff concession to them.39. What is the relationship between MNEs and their host countries?The relationship of MNEs and their host countries is interdependable and interactive.Ⅵ. Translate the following into Chinese. (15%)40. The Bank for International Settlement (BIS) is a unique institution. Many of its operations are of types normallyperformed by a commercial bank, but it is owned principally by central banks, and managed by central banks and its principal customers are central banks. The objects of BIS are to promote the cooperation among central banks and to provide additional facilities for international operations.国际结算银行是一个独特的机构。
国际商法期末试题及答案(商务英语)1. In an international sales contract, if the seller fails to deliver the goods as agreed, the buyer may take which of the following actions?A. Sue for specific performance.B. Demand compensation only.C. Cancel the contract immediately without notice.D. Refuse to pay for the goods without any legal consequences.答案:A。
解析:如果卖方未按约定交付货物,买方可以起诉要求实际履行。
选项B,买方不仅仅可以要求赔偿;选项C,不能立即无通知地取消合同,通常需要一定程序;选项D,拒绝支付货款可能会有法律后果,并非无任何后果。
2. When is a contract for the sale of goods considered concluded in international business?A. When the buyer makes an offer.B. When the seller accepts the offer.C. When the goods are delivered.D. When payment is made.答案:B。
解析:在国际商务中,货物销售合同在卖方接受买方的要约时被认为成立。
选项A,仅买方发出要约合同未成立;选项C,货物交付时合同已成立一段时间了;选项D,付款时合同已成立。
3. In an international sales contract, who is responsible for arranging transportation of the goods?A. The buyer always.B. The seller always.C. As agreed in the contract.D. Shared equally by the buyer and seller.答案:C。
一、选择题1.Which of the following is an appropriate opening sentence for a business emailproposing a partnership?A.I hope this email finds you in good health.B.We are writing to propose a mutually beneficial business partnership.C.Can we discuss the details of your product over lunch?D.We noticed your company has been struggling financially.2.When negotiating an international trade contract, which document is typically used todefine the terms and conditions of the sale?A.Letter of CreditB.Sales ContractC.InvoiceD.Bill of Lading3.What is the primary purpose of a market research report in the context of internationalbusiness?A.To determine the production cost of a productB.To analyze consumer behavior and preferencesC.To identify potential legal risksD.To create a company's mission statement4.Which term refers to the process of transferring ownership of goods from a seller to abuyer, often involving payment and delivery?A.Contract NegotiationB.Sales TransactionC.Market SegmentationD.Product Lifecycle Management5.When communicating with international clients, which skill is most crucial formaintaining professionalism and clarity?A.Cultural SensitivityB.Fluency in multiple languagesC.Technical ExpertiseD.Time Management6.Which of the following is a commonly used payment method in international trade toensure the buyer's payment before the goods are shipped?A.Letter of CreditB.Open AccountC.ConsignmentD.Cash in Advance7.In international business, what is the primary role of an incoterm (InternationalCommercial Terms)?A.To define the exact specifications of a productB.To outline the shipping and delivery responsibilities of buyer and sellerC.To set the price of goods in different currenciesD.To regulate international trade disputes8.When preparing a business proposal for a foreign client, which element is crucial forestablishing credibility and trust?A. A detailed financial planB.An impressive company logoC. A clear explanation of your company's unique selling propositionD. A list of personal achievements of the sales team9.Which of the following is NOT a common challenge faced by businesses operating inan international market?A.Cultural differences in communication stylesB.Fluctuating exchange ratesC.Consistent access to high-quality raw materialsD.Legal and regulatory compliance in multiple jurisdictions10.In the context of international trade, what is the primary function of a customs broker?A.To facilitate the transportation of goods across bordersB.To negotiate the terms of international trade contractsC.To represent clients in customs clearance procedures and ensure compliance withregulationsD.To provide market research and analysis for international expansion opportunities。
国际商法英语试题及答案一、选择题(每题2分,共20分)1. Which of the following is not a characteristic of international trade law?A. UniversalityB. VoluntarinessC. FlexibilityD. Inflexibility答案:D2. The principle of "freedom of contract" in international trade primarily means:A. The parties are free to choose the applicable law.B. The parties are free to choose the form of the contract.C. The parties are free to determine the content of the contract.D. The parties are free to decide the place of performance. 答案:C3. In international trade, which of the following is not considered a documentary credit instrument?A. Letter of creditB. Bill of exchangeC. Promissory noteD. Draft答案:C4. The Incoterms rules are used to:A. Define the obligations of the seller and the buyer.B. Determine the applicable law.C. Calculate the customs duties.D. Regulate the payment of interest.答案:A5. Which of the following is not a method of international payment?A. Cash in advanceB. Documentary collectionC. ConsignmentD. Barter答案:C6. The Vienna Convention on Contracts for the International Sale of Goods applies to contracts:A. Concluded in writing.B. Governed by the law of a contracting state.C. For the sale of goods between enterprises.D. Involving the sale of goods across international borders. 答案:D7. The United Nations Convention on Contracts for the International Sale of Goods (CISG) is applicable to:A. All international sales contracts.B. Sales contracts between parties from different countries.C. Sales contracts that explicitly choose the CISG.D. Sales contracts that involve the transfer of tangible goods.答案:D8. In international trade, the term "Force Majeure" refers to:A. A party's failure to perform due to unforeseen circumstances.B. A party's intentional breach of contract.C. A party's refusal to perform due to a change in market conditions.D. A party's performance being delayed due to a strike.答案:A9. The "Ex Works" term in Incoterms means that the seller:A. Bears all costs and risks until the goods are delivered.B. Is responsible for loading the goods on board the vessel.C. Delivers the goods at their premises, cleared for export.D. Delivers the goods to the carrier nominated by the buyer.答案:C10. The "Cost, Insurance and Freight" (CIF) term in Incoterms requires the seller to:A. Pay for the goods only.B. Pay for the goods and the freight to the destination.C. Pay for the goods, freight, and insurance to the destination.D. Pay for the goods and insurance only.答案:C二、填空题(每题2分,共20分)1. The ________ Convention on Contracts for the International Sale of Goods is a widely accepted international treaty that provides a uniform set of rules for the sale of goods between parties from different countries.答案:United Nations2. The ________ principle in international trade law allows parties to a contract to choose the law that will governtheir contract.答案:party autonomy3. In international trade, a ________ is a written order issued by a bank on behalf of a buyer, directing the bank to pay the seller upon presentation of specified documents.答案:letter of credit4. The ________ rule in international trade law states that a contract is not valid unless it is in writing and signed by the parties.答案:statute of frauds5. The ________ is a set of international rules that define the responsibilities of sellers and buyers for the delivery of goods under international sales contracts.答案:Incoterms6. The ________ is a method of payment in international trade where the buyer pays the seller in advance of the goods being shipped.答案:cash in advance7. A ________ is a document that serves as evidence of the terms of a contract for the sale of goods, and it is often used in international trade to facilitate the payment process. 答案:bill of lading8. The ________ is a legal doctrine that allows a party to be released from liability or to claim damages when an event beyond their control prevents them from fulfilling a contract. 答案:force majeure9. The ________ term in Incoterms means that the seller is responsible for all costs and risks involved in bringing the goods to the port of destination.答案:Delivered at Terminal (DAT)10. The ________ is a method of international payment wherethe seller ships the goods to the buyer and transfers the documents of title, but the payment is not made until the buyer has inspected and accepted the goods.答案:documentary collection。
I. True / False Questions (1 score per question)1. The notion that national economies are relatively self-contained entiti es is on the rise.2. Mercantilism advocated that countries should encourage exports and imports.3. A firm becomes a multinational enterprise when it undertakes foreign direct investment.4. The two most common methods of restricting inward FDI are ownershi p restraints and performance requirements.5. The most global markets currently are markets for industrial goods and materials that serve a universal need the world over.6. Outsourcing is a process that is limited to manufacturing enterprises.7. According to Porter, four broad attributes of a nation shape the enviro nment in which local firms compete including supply conditions, factor e ndowments, regulation, and advanced factors. 8. One of the UN central mandates is the promotion of higher standards of living, full employment , and conditions of economic and social progress and development9. The total amount of capital invested in factories, stores, office building s and the like is referred to as the stock of FDI.10. Licensing involves the establishment of a new operation in a foreign c ountry.II. Multiple Choice Questions(11-50,2score per question 51-60, 1 scoreper question)11. Which of the following is not characteristic of globalization? AA. National economies are turning into independent economic systems.B. Material culture is starting to look similar the world over.C. Perceived distance is shrinking due to advances in transportation and t elecommunications.D. Barriers to cross-border trade and investment are declining.12. Which of the following is not an impediment . that makes it difficult f or.firms.to.achieve.the.optimal.dispersion.of their productive activities to locations around the globe? AA. Reduced transportation costs.B. Government regulations.C. Issues associated with economic and political risk.D. Barriers to foreign direct investment.13. Technological innovations have facilitated all of the following except:A. globalization of production.B. globalization of markets. DC. creation of electronic global marketplaces.D. creation of absolutely homogeneous(均匀的) consumer markets.14. What is the total cumulative value of foreign investments best referred to as? CA. Accumulation of foreign sharesB. Portfolio investmentsC. Stock of foreign direct investmentsD. Stock market investments15. If the critics of globalization are correct, all of the following things mu st be shown except:DA. the share of national income received by labor, as opposed to the shar e received by the owners of capital should have declined in advanced nat ions.B. even though labor's share of the economic pie may have declined, livi ng standards need not deteriorate if the size of the total pie has increase d sufficiently to offset(抵消) the decline in labor's share.C. the decline in labor's share of national income must be due to moving production to low-wage countries, as opposed to improving production t echnology and productivity.D. economic growth in developed nations has offset the fall in unskilled workers' share of national income, raising their living standards.16. This theory, advanced by the 19th-century English economist David Ricardo, forms the intellectual basis of the modern argument for unrestri cted free trade. CA. Heckscher-OhlinB. MercantilismC. Comparative advantageD. Absolute advantage17. This theory explains the observed patterns of international trade by emphasizing the interplay between the proportions in which the factors of production are available in different countries and the proportions in which they are needed for producing particular goods. BA. MercantilismB. Heckscher-OhlinC. Absolute advantageD. Comparative advantage18. Identify the incorrect statement pertaining to Raymond Vernon's pro duct life-cycle theory. CA. Early in their life cycle, most new products are produced in and export ed from the country in which they were developed.B. As a new product becomes widely accepted internationally, productio n starts in other countries.C. A product in the early stage of the product life-cycle is imported by the country where it was innovated.D. A product may ultimately be exported back to the country of its origin al innovation.19. The theory of _____, developed by Michael Porter, focuses on the im portance of country factors, in addition to factor endowments, such as d omestic demand and domestic rivalry in explaining a nation's dominance in the production and export of particular products. DA. new tradeB. absolute advantageC. comparative advantageD. national competitive advantage20.Identify the theory that can be interpreted as justifying some limited government intervention to support the development of certain export-oriented industries. AA. Theory of national competitive advantageB. Heckscher-Ohlin theoryC. Theory of comparative advantageD. Theory of absolute advantage21. Mercantilism viewed trade as a(n): BA. economic evil.B. zero-sum game.C. nonessential economic activity.D. threat to a government's independence. C22. What is the basic message of the theory of comparative advantage?A. Countries are similar in their ability to produce goods efficientlyB. International trade is rarely beneficial to a countryC. Potential world production is greater with unrestricted free trade than it is with restricted tradeD. Trade is a zero-sum game23. According to the product life-cycle theory, the locus of global product ion initially switches from the U.S. to other advanced nations and then fr om those nations to developing countries. The consequence of this trend for the pattern of world trade is that over time the U.S.: BA. becomes the sole producer of the product.B. switches from being an exporter of the product to being an importer o f the product.C. switches from being an importer of the product to being an exporter of the product.D. becomes the sole consumer of the product.24. _____ suggests that when nations trade, each nation may be able to specialize in producing a narrower range of products than it would in the absence of trade, and through trade, each nation can simultaneously incr ease the variety of goods available to its consumers and lower the costs of those goods. CA. The product life-cycle theoryB. Porter's diamond of competitive advantageC. New trade theoryD. The theory of comparative advantage25. According to the new trade theorists, because early entrants are able to gain _____, the early entrants into an industry may get a lock on the world market that discourages subsequent entry. DA. zero-sum advantagesB. highly skilled employeesC. process expertiseD. economies of scale26. A greenfield investment:A. is a form of FDI that involves the establishment of a new operation in a foreign country. AB. involves a 7 percent stock in an acquired foreign business entity.C. involves a merger with a foreign business.D. occurs when a firm acquires another company in a foreign country.27. Historically, most FDI has been directed at the _____ nations of the world as firms based in advanced countries invested in: CA. underdeveloped; underdeveloped countries.B. developed; underdeveloped countries.C. developed; each other's markets.D. underdeveloped; each other's markets.28. Identify the incorrect statement regarding the direction of FDI. AA. Historically, most FDI has been directed at the developing nations of t he world.B. During the 1980s and 1990s, the United States was often the favorite t arget for FDI inflows.C. The developed nations of the EU have received significant FDI inflows.D. Recent inflows into developing nations have been targeted at the eme rging economies of South, East, and Southeast Asia.29. According to Knickerbocker: BA. the firms that pioneer a product in their home markets undertake FDI to produce a product for consumption in a foreign market.B. when a firm that is part of an oligopolistic industry expands into a fore ign market, other firms in the industry will be compelled to make similar investments.C. combining location-specific assets or resource endowments and the fir m's own unique assets often requires FDI.D. impediments to the sale of know-how increase the profitability of FDI relative to licensing.30. When two or more enterprises encounter each other in different reg ional markets, national markets, or industries, there is: CA. vertical integration.B. horizontal integration.C. multipoint competition.D. monopolistic competition.31. The product life cycle suggests that:A. often the same firms that pioneer a product in their home markets un dertake FDI to produce a product for consumption in foreign markets. AB. when a firm that is part of an oligopolistic industry expands into a foreign market, other firms in the industry will be compelled to make similar investments.C. combining location-specific assets or resource endowments and the fir m's own unique assets often requires FDI.D. impediments to the sale of know-how increase the profitability of FDI relative to licensing.32. The _____ suggests that a firm will establish production facilities whe re foreign assets or resource endowments that are important to the firm are located.DA. product life cycleB. strategic behavior theoryC. multipoint competition theoryD. eclectic paradigm33. Advantages that arise from using resource endowments or assets th at are tied to a particular location and that a firm finds valuable to combi ne with its own unique assets are known as: AA. location-specific advantages.B. resource-specific advantages.C. competitive advantages.D. directional advantages.34. John Dunning, a champion of the eclectic paradigm, argues that:A. the firms that pioneer a product in their home markets undertake FDIto produce a product for consumption in a foreign market. CB. when a firm that is part of an oligopolistic industry expands into a fore ign market, other firms in the industry will be compelled to make similar investments.C. combining location-specific assets or resource endowments and the fir m's own unique assets often requires FDI.D. impediments to the sale of know-how increase the profitability of FDI relative to licensing.35. According to the _____ view of FDI, MNEs extract profits from the ho st country and take them to their home country, giving nothing of value t o the host country in exchange. DA. imperialistB. conservativeC. free marketD. radical36. Which of the following is not an impediment that makes it difficult fo r firms to achieve the optimal dispersion of their productive activities to l ocations around the globe? AA. Reduced transportation costs.B. Government regulations.C. Issues associated with economic and political risk.D. Barriers to foreign direct investment.37. Michael Porter has argued that _____ and _____ are two basic strate gies for creating value and attaining a competitive advantage in an indust ry. CA. differentiation; price competitionB. economies of scale; diversification.C. low cost; differentiationD. efficiency; promotion38. The _____ was created in 1944 by 44 nations that met in Breton Woo ds, New Hampshire to promote economic development. AA. World BankB. International Trade CenterC. World Trade OrganizationD. United Nations C39. Identify the incorrect statement pertaining to the World Wide Web.A. It makes it much easier for buyers and sellers to find each other.B. Viewed globally, it is emerging as an equalizer.C. It rolls back all of the constraints of location, scale, and time zones.D. It allows businesses to expand their global presence at a lower cost th an ever before. D40. Technological innovations have facilitated all of the following except:A. globalization of production.B. globalization of markets.C. creation of electronic global marketplaces.D. creation of absolutely homogeneous consumer markets.41. What is the total cumulative value of foreign investments best referred to as? CA. Accumulation of foreign sharesB. Portfolio investmentsC. Stock of foreign direct investmentsD. Stock market investments42. Identify the incorrect statement regarding the former Communist nat ions of Europe and Asia. AA. The economies of most of the former Communist states are very stron g and developed.B. Many of the former Communist nations of Europe and Asia share a co mmitment to free market economies.C. As a result of disturbing signs of growing unrest and totalitarian tende ncies, the risks involved in doing business in these countries is very high.D. For about half a century these countries were essentially closed to We stern international business.43.When a company "exports jobs" overseas, the company is: CA. helping domestic workers by pushing up wage rates.B. increasing the demand of qualified domestic workers.C. taking advantage of lower wages in foreign markets.D. deceiving the supporters of globalization.44. Propagated in the 16th and 17th centuries, ___ advocated that count ries should simultaneously encourage exports and discourage imports. D45. A. ethnocentrismB. capitalismC. collectivismD. mercantilism46. Identify the incorrect statement pertaining to Raymond Vernon's pro duct life-cycle theory. CA. Early in their life cycle, most new products are produced in and export ed from the country in which they were developed.B. As a new product becomes widely accepted internationally, productio n starts in other countries.C. A product in the early stage of the product life-cycle is imported by the country where it was innovated.D. A product may ultimately be exported back to the country of its origin al innovation.46. Identify the theory that can be interpreted as justifying some limited government intervention to support the development of certain export-oriented industries. AA. Theory of national competitive advantageB. Heckscher-Ohlin theoryC. Theory of comparative advantageD. Theory of absolute advantage47. China, deliberately keeping its currency value low against the U.S. dol lar in order to sell more goods to the United States, and thus amass a tra de surplus and foreign exchange reserves, is viewed by critics as followin g a: BA. zero-sum game.B. neo-mercantilist policy.C. positive-sum game.D. free trade policy.48. A basic tenet of Ricardo's theory is that: BA. consumers in those countries with an absolute advantage in the produ ction of all goods might derive no benefits from international trade.B. consumers in all nations can consume more if there are no restrictions on trade.C. restrictions on trade help consumers in countries that lack an absolute advantage in the production of a particular good.D. trade is a zero-sum game.49. According to the _____ model, when a rich country enters into a free trade agreement with a poor country that rapidly experiences dynamic g ains, the rich country is likely to not have net gains. DA. absolute advantageB. mercantilistC. Heckscher-OhlinD. Samuelson50. According to the new trade theorists, because early entrants are able to gain _____, the early entrants into an industry may get a lock on the world market that discourages subsequent entry. DA. zero-sum advantagesB. highly skilled employeesC. process expertiseD. economies of scale51. A greenfield investment: AA. is a form of FDI that involves the establishment of a new operation in a foreign country.B. involves a 7 percent stock in an acquired foreign business entity.C. involves a merger with a foreign business.D. occurs when a firm acquires another company in a foreign country.52. If General Electric, a U.S. based corporation, purchased a 50 percent i nterest in a company in Italy, that purchase would be an example of a(n):A. minority acquisition. CB. outright stake.C. majority acquisition.D. greenfield investment.53. FDI has been rising for all of the following reasons except: BA. the globalization of the world economy.B. the general increase in trade barriers over the past 30 years.C. firms are trying to circumvent trade barriers.D. there is a shift toward democratic political institutions and free marke t economies.54. Historically, most FDI has been directed at the _____ nations of the w orld as firms based in advanced countries invested in: CA. underdeveloped; underdeveloped countries.B. developed; underdeveloped countries.C. developed; each other's markets.D. underdeveloped; each other's markets.55. Identify the incorrect statement regarding the direction of FDI. AA. Historically, most FDI has been directed at the developing nations of t he world.B. During the 1980s and 1990s, the United States was often the favorite t arget for FDI inflows.C. The developed nations of the EU have received significant FDI inflows.D. Recent inflows into developing nations have been targeted at the eme rging economies of South, East, and Southeast Asia.56. The total amount of capital invested in factories, stores, office buildin gs, and the like is summarized by: AA. gross fixed capital formation.B. total investment capital.C. total tangible investment.D. gross depreciable investments.57. Most cross-border investment is: BA. in the form of greenfield investments.B. made via mergers and acquisitions.C. between American and Japanese companies.D. involved in building new facilities.58. The rise in FDI in the services sector is a result of all of the following e xcept: BA. the general move in many developed countries away from manufactur ing and toward services.B. accelerating regulations of services.C. many services cannot be traded internationally.D. many countries have liberalized their regimes governing FDI in service s.59. When two or more enterprises encounter each other in different regi onal markets, national markets, or industries, there is: CA. vertical integration.B. horizontal integration.C. multipoint competition.D. monopolistic competition.60. The _____ suggests that a firm will establish production facilities whe re foreign assets or resource endowments that are important to the firm are located. DA. product life cycleB. strategic behavior theoryC. multipoint competition theoryD. eclectic paradigm。