Question

I need help with the following business economics questions. I am stuck on them and would really like some help.

55. Which of the following is NOT a social or cultural barrier to international trade?

a. Language

b. Religious attitudes

c. Per-capita income

d. Values

56. Which is the most widely spoken language in the world?

a. Mandarin Chinese

b. Spanish

c. Arabic

d. English

57. The _______________ forbids U.S. companies from bribing foreign officials, political candidates, or government representatives.

a. Bribery Act

b. Foreign Corrupt Practices Act

c. Human Resources Act

d. Patriot Act

58. Trade restrictions create what kind of barrier to international trade?

a. Legal and political

b. Economic

c. Social

d. Cultural

59. One example of a free-trade area is the _____ that is enacted by the United States, Canada, and Mexico.

a. European Union

b. Gross Domestic Product

c. Central America–Dominican Republic Free Trade Agreement

d. North American Free Trade Agreement

60. Which form of international involvement typically has the least amount of risk?

a. Direct investment

b. Franchising

c. Exporting or importing

d. Subcontracting

61. What characterizes a small business?

a. It is independently owned and operated and is not dominant in its field.

b. It operates at a loss for many years until it is a large business.

c. Small businesses grow slowly.

d. Small businesses are sole proprietorships.

62. What percentage of American businesses is considered small businesses?

a. 99.7%

b. 85.5%

c. 70%

d. 50%

63. Which industry listed below is NOT dominated by small businesses?

a. Florists

b. Hospitals

c. Funeral Homes

d. Hair Salons

64. Small businesses often fail due to:

a. inadequate financing.

b. lack of government support.

c. employer diffidence.

d. minimal risk-taking.

65. Why do home-based businesses often have lower costs?

a. Owners work more hours because their office is their home.

b. Customers are not willing to pay competitive prices for home-based services.

c. Funds that are not being used for leasing or warehouse space can be directed into the business.

d. There is an increase in the owner’s quality of life.

66. What percentage of small businesses survives the first five years of operations?

a. 35%     

b. 40%     

c. 50%

d. 60%

Answer 1

55) per capita income is not a social or cultural barrier to international trade because its an economic barrier.

56) chinese  is the most widely spoken language in the world with almost 1.2 billion people speaking it then spanish and then english with 400 million and 360 million people speaking it respectively.

57) The   Foreign Corrupt Practices Act forbids U.S. companies from bribing foreign officials, political candidates, or government representatives.

58) Trade restrictions create legal and political barrier to international trade.

59) One example of a free-trade area is the north american free trade agreement that is enacted by the United States, Canada, and Mexico.

60) Exporting or importing has the  least amount of risk.

61) a small business is generally  independently owned and operated and is not dominant in its field.

62) around 99.7% of american business is considered as small businesses.

63) hospitals is not dominated by small businesses.

64) Small businesses often fail due to: inadequate financing.

65) home-based businesses often have lower costs because Funds that are not being used for leasing or warehouse space can be directed into the business.

66)around 50% percentage of small businesses survives the first five years of operations.