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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. The manor attributes of international financial system are knowledge, certainty and _________
2. ___________ operates as a co-operative, multi-lateral, economic and trade forum.
3. Removal of QRS means _________
4. The remaining balance of quota, after drawing 25% of reserve trench is called _________
5. Member's Gold Subscription + Credit extended by the member through the fund to other members _________
6. _________ was a Multilateral treaty encompassing rules and disciples for an orderly world trading system.
7. Globalization is based on the theory of
8. ________ refers to a process of increasing economic integration and growing economic interdependence between countries in the world economy.
9. ESCAP stands for _______
10. Which country is known for group harmony and collectivism?
11. Build, operate and transfer is the basic principle of _________
12. _______ is called the soft loan window of the IBRD.
13. WTO was setup in ______
14. __________ is the effect International Trade has a detrimental effect on under developed countries
15. _________ is an unintended channel of distribution that runs parallel to the planned channel.
16. _________ is a device used to establish a set of priorities for using the organization’s scarce resources
17. In an organisation, changes occur slowly but threat occurs in cluster is called _________
18. First WTO Ministerial conference held in _________
19. GATT was applied on a _________
20. _________ theory suggests for maintaining favourable balance of trade in the form of import of gold for export of goods and services.
21. ____________ is a permanent institution with its own Secretariat.
22. OPEC means _________
23. WTO Anti-dumping agreement doesn't have _________
24. The process of globalization of the economy refers to _________
25. The rules and commitment of Agreement on Agriculture apply to _________

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