Practice Quiz

MTEL Business Practice Exam - Question List

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66.
A government wishes to protect its agricultural sector by ensuring that domestic producers can sell their products at lower prices than those of imported commodities. The most effective way for the government to do this without raising tariffs would be to: 
  1. Establish price supports for both domestic and imported commodities.
  2. Set import quotas on imported commodities.
  3. Require foreign firms to enter into joint ventures with domestic partners.
  4. Provide subsidies to domestic producers.
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67.
The Organization of Petroleum Exporting Countries (OPEC) influences the world oil market primarily by:
  1. Manipulating supply.
  2. Providing subsidies to producers.
  3. Adjusting demand.
  4. Setting prices.
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68.
Which of the following best describes one of the primary functions of the World Bank?
  1. Setting interest rates that one country can charge another country to which it loans money.
  2. Regulating the international money supply.
  3. Providing low or no interest loans or grants to low income countries to promote economic growth.
  4. Setting the exchange rates used in international trade.
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69.
Cultures often differ in the importance that individuals place on social rank. In their initial contacts with unfamiliar counterparts from such a culture, U.S. business managers should emphasize:
  1. Aggressive negotiating tactics.
  2. Friendly interpersonal relationships.
  3. Formal and respectful interactions.
  4. Cooperative consensus building.
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70.
Which of the following is the best definition of cultural stereotyping?
  1. Perceiving another culture to be more homogeneous than it really is
  2. Interpreting the actions of people from other cultures based on one's own cultural experiences
  3. Believing that one's own culture is superior to any other culture
  4. Interpreting people's actions based only on situational context rather than cultural considerations
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