International Business Vocabulary Test (Standard 1)

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| Attempts: 4,935 | Questions: 30 | Updated: Oct 16, 2025
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Question 1 / 31
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1. A person who buys products or services.

Explanation

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About This Quiz
International Business Vocabulary Test (Standard 1) - Quiz

Welcome to the International Business Vocabulary Test quiz. It features questions from Standard 1- International Business Definitions and Vocabulary. If you are a fresher started studying in this field, then we assume, you might know a little about it. So, how about testing your knowledge?

2.

What first name or nickname would you like us to use?

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2. To make products by hand or machinery.

Explanation

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3. An organization acting as a court to hear and settle trade disputes among its members; also abbreviated WTO.

Explanation

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4. An agreement between more than two nations.

Explanation

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5. 1.   Restate words from one language into another language

Explanation

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6. The attitudes and behavior that are characteristic of a particular social group or organization (this can include religion, language, customs, traditions, food, etc.)

Explanation

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7. The exchange of capital, goods, and services across international borders or territories.

Explanation

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8. A rule or law that slows or prevents trading with other nations.

Explanation

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9. A place where trade occurs.

Explanation

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10. To lose value. For example, if you bought a new Toyota Corolla in 2001 for $30,000, the value of the car decreased and you can now only sell it for $11,000.

Explanation

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11. A tax on a good imported into a country.

Explanation

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12. An exchange of a good or service.

Explanation

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13. A good or service sold to another country.

Explanation

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14. A person who starts his or her own business in hope of earning a profit.

Explanation

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15.     A nation’s money—can be in coins or banknotes.

Explanation

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16. Something of value that can be useful (natural, human, capital.)

Explanation

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17. To discuss a deal or problem in the hope of reaching an agreement.

Explanation

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18. A code of conduct that helps determine what is good, right and proper.

Explanation

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19. A belief that products should be free to move from country to country without barriers or obstacles.

Explanation

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20. This word comes from the base “busy” + ness, or the act of being busy with money, financial, transactions, sales, and purchasing.

Explanation

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21. An exchange of goods or services with people and businesses in your own country.

Explanation

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22. To gain in value. (For example, if you bought a house in 1998 for $100,000 and sold it in 2011 for $120,000)

Explanation

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23. A good or service purchased and brought in from another country.

Explanation

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24. Some words that are similar (synonyms) include global, world, worldwide, and foreign.

Explanation

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25. A special right given to a business person to sell a company’s products. (e.g. Subway, Jimmy Johns, Sonic)

Explanation

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26. A control on the amount of a product that can be imported into a country.

Explanation

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27. An agreement between two nations.

Explanation

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28. A fair price for goods, specifically for developing country producers for better trading conditions. Some goods it usually includes are crafts, coffee, cocoa, sugar, tea, bananas, honey, cotton, fresh fruit, chocolate, and flowers. 

Explanation

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29. A government action that decreases an industry's productions costs, which also decreases the price of the industry's goods (e.g. Farm subsidies in NE)

Explanation

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30. A ban on trade with another country for one or all of its goods. 

Explanation

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A person who buys products or services.
To make products by hand or machinery.
An organization acting as a ...
An agreement between more than two nations.
1.   Restate words from one language into another language
The attitudes and behavior that are characteristic of a particular...
The exchange of capital, goods, and services across international...
A rule or law that slows or prevents trading with other nations.
A place where trade occurs.
To lose value. For example, if you bought a new Toyota Corolla in 2001...
A tax on a good imported into a country.
An exchange of a good or service.
A good or service sold to another country.
A person who starts his or her own business in hope of earning a...
    A nation’s money—can be in coins or banknotes.
Something of value that can be useful (natural, human, capital.)
To discuss a deal or problem in the hope of reaching an agreement.
A code of conduct that ...
A belief that products should be free to move from country to country...
This word comes from the base “busy” + ness, or the act of being...
An exchange of goods or services with people and businesses in your...
To gain in value. (For example, if you bought a house in 1998 for...
A good or service purchased and brought in from another country.
Some words that are similar (synonyms) include global, world,...
A special right given to a ...
A control on the amount of a product that can be imported into a...
An agreement between two nations.
A fair price for goods, specifically for developing country producers...
A government action that decreases an industry's productions costs,...
A ban on trade with another ...
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