BBB4M Unit 5 Test Solutions

Name
Score / 40 Percent %
BBB4M – International Business Unit 5
Knowledge and Understanding /10 marks

1. Which of these is not one of Canada’s most valuable brand?
a. McCain Foods
b. Canadian Tire
c. Telus
d. Bell
2. What is the definition of productivity?

a. The amount of work accomplished with respect to the time it took to complete the work
b. The amount of input with respect to the amount of output
c. The amount of output with respect to the amount of input
d. a measure of efficiency of a person completing a task
3. If you have a visa, you will automatically be granted into the country that issued it.
a. True
b. False
4. As of 2008, how many countries do not require a visa for Canadian tourists?
a. 155
b. 154
c. 152
d. 149
5. What is another name for residence visa?

a. Travel Visa
b. Family Visa
c. Work Visa
d. Student Visa
6. Which of the following is not one of Canada’s big 6 banks?

a. TD
b. National Bank
c. Bank of Canada
d. BMO
e. None of the above
7. Which of the following is not a reason to seek foreign investment?

a. Increases economic activity
b. Brings new technology
c. Improves productivity
d. Enhances a country’s identity
e. None of the above
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8. True or False: Among the G8 countries, Canada rates as the best place to live.
a. True
b. False
9. What is the definition of collateral?

a. The legal process through which an owner’s right to their property is terminated
b. An asset used to guarantee a loan.
c. A type of mortgage granted to borrowers with lower credit ratings
d. Organized labour has declined as a result of globalization
10. What are some of the ways you can work abroad?
a. Work in other countries as part of your job
b. Work in other countries full time
c. Work in other countries part time
d. All of the above
Thinking and Inquiry /10 marks
1. Instead of bailing out failing American car companies in Canada, should the Canadian
government have helped Canadian entrepreneurs develop an automobile, specifically for the
Canadian market? Explain both sides. /4 marks
 Yes: All the research and development that goes into North American new car
technology comes out of the head offices of U.S. car companies. Canada needs its own
car company to develop a Canadian automobile for Canadian climates, with safety, fuel
economy, and environmental compatibility as the major concerns.
 No: NAFTA exists largely because of the Auto Pact, which it replaced. The U.S. auto
industry shares manufacturing facilities with Canadian factories and relies on Canadian
manufacturers and suppliers of auto parts. This has worked well for the past fifty years.
2. Should Canada make it easier for immigrants to obtain Canadian qualifications in their fields of
expertise? Explain both sides. /4 marks
 Yes: Canada has a shortage of physicians, engineers, and scientists. People who
immigrate with qualifications in these areas obtained outside of Canada should have
their qualifications honoured in Canada.
 No: Canada needs to maintain strict guidelines when certifying professionals to ensure
the safety of all Canadians, as some foreign qualifications do not meet our professional
standards.
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3. Why is foreign investment important for a country? /2 marks

 It provides employment, increases economic activity, brings new technology, improves
productivity, and forces domestic companies to become more competitive.
Application /10 marks

1. Should Canada make it easier for immigrants to obtain Canada qualifications in their fields of
expertise? Explain both sides. /4 marks
 Yes: Canada has a shortage of physicians, engineers, and scientists. People who
immigrate with qualifications in these areas obtained outside of Canada should have
their qualifications honoured in Canada.
 No: Canada needs to maintain strict guidelines when certifying professionals to ensure
the safety of all Canadians, as some foreign qualifications do not meet our professional
standards.
2. Why is Canada’s productivity lower than that of the United States? /2 marks
The US has a higher productivity than Canada because American businesses consistently invest more
money than Canadian businesses in machinery, equipment, and communication and information
technology. Canada has lower capital intensity, which means it has less capital per worker than the US.
American productivity has been relatively stable at 1.5 % annually, while Canada’s has dropped to an
average rate of 0.9 percent per year over the last decade.
3. What are four ways that Canadian companies could improve their productivity? /4 marks
1) Increasing investment in machinery and equipment, especially communication and
information technology
2) Attracting more foreign investment
3) Expanding Canadian investment in foreign countries, especially Asia
4) Rationalization, which includes downsizing and moving production to lower-cost
countries
5) Fostering corporate innovation by increasing spending on science and technology
6) Initiating government programs in science and technology
7) Increasing the knowledge economy by graduating more Canadians in the fields of
science, math, computer science, and engineering
8) Encouraging employers to increase and improve their training programs
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9) Increasing post-secondary funding

10) Creating mentorship programs to help immigrants become qualified in their fields of
expertise
Communication /10 marks

1. Should international trade be avoided these days? Explain both sides. /4 marks
 Yes: The Carbon footprint increases significantly for anyone travelling a great distance. As an
environmental measure, international trade should be avoided. Also, because of the economic
crisis around the globe, it is important to support the local tourist industries. Stay home, save
money, save the planet, save the local economy.
 No: Travelling to different countries and experiencing other cultures provides important life
lessons and promotes global peace and understanding. The economic crisis around the globe has
made international travel much more affordable. See as much as the world as you can.
2. What are three advantages and three disadvantages of working abroad. /6 marks
a. Advantages: learn a new language, expand cultural awareness, earn a Canadian salary that is
higher than typical salaries in that country; enjoy a more affluent lifestyle or save money, have
valuable experience to add to a resume
b. Disadvantages: miss family and friends, experience isolation as a result of not understanding
culture/language, deal with living conditions that are not comparable to Canada’s – poor health
care, transportation, etc., exposure to dangers – terrorist activity, war, unstable government, etc.
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BBB4M – International Business Unit 5

Knowledge and Understanding /10 marks

2. What is the definition of productivity?

5. What is another name for residence visa?

6. Which of the following is not one of Canada’s big 6 banks?

7. Which of the following is not a reason to seek foreign investment?

9. What is the definition of collateral?

Thinking and Inquiry /10 marks

3. Why is foreign investment important for a country? /2 marks

Application /10 marks

9) Increasing post-secondary funding

Communication /10 marks

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