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Global Business Environment Practice Test
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Avg score: 50% • Most missed: “WTO was setup in ______”

The global business environment is short for dynamic and always fluctuating challenges and opportunities that businesses face when operating in a global marketplace.

Basically, the global business environmentIt reflects the interconnectedness of our modern world  - what happens in one country or region has an impact on other regions or countries.

The global business environment is directly influenced by availability of raw materials, reliability of supply chain, labor supply, wages, worker expectations, government regulations and consumer demand. 

Global Business Environment Practice Test
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25 Questions

1. Culture is _________
2. Which one of the following is the function of trade mark
3. GATS operates on _________ levels
4. The cultural habit of firm hand-shake is associated with the culture of _________
5. _________ theory suggests for maintaining favourable balance of trade in the form of import of gold for export of goods and services.
6. The Corper is the link between the EU and _________
7. _________ is a form of licensing
8. IDA loans are known as _________
9. The SAARC countries comprise _________
10. Member's Gold Subscription + Credit extended by the member through the fund to other members _________
11. _____ promotes the development friendly integration of developing countries into the world economy.
12. _________ is a separate company organised under a foreign nations legal code with accountability distinct from the parent company.
13. ADB was setup in ________
14. EU Council Committee is also called _________
15. Holding _________ gives the bearer the option to acquire foreign exchange from the monetary authorities of another member of the IMF
16. Bhutan has Bilateral Trade Agreement with _________
17. GATT was applied on a _________
18. NIEO means_________
19. IMF was organised in ________
20. _________ was a set of rules and multilateral agreement
21. _________ is the application of knowledge which redefine the boundaries of global business.
22. The Industrial Policy Resolution 1956 was known as _________
23. WTO members abolished quotas on trade in _________
24. Plurilateral Trade Agreement was done at Ganeva in ______
25. The Highest Hofstadter Dimension for a culture is _________

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