Page 4 17. The U.S. Department of Transportation requires that a certain percentage of steel used in the must be produced in the U.S. This is an example of which type of trade barrier? A. Local content requirement B. Tariff C. Quota D. Embargo E. Subsidy 18. Anderson Industries is a successful firm that designs and sells agricultural machinery. As part of its global expansion, it opens a facility under the same name, ownership and leadership in Moscow. This is an example of: A. Joint venture B. Franchise C. Contract manufacturer D. Strategic alliance E. Wholly owned subsidiary 19. The Harley-Davidson logo can be found on hundreds of products worldwide on items as diverse as key chains and pet clothing. In exchange for the right to use the Harley-Davidson logo, the producer of the product must pay a royalty fee to Harley-Davidson. This is an example of A. A joint venture B. Franchising C. Exporting D. Licensing E. A strategic alliance Socioeconomic factors that businesses need to take into account when conducting international business include all of the following EXCEPT; A. The cultural behaviors of the nation's population B. Population density C- Language D. The country's birthrate E. The age distribution of the population 20. 21. The company that offers a franchise for sale is known as the the purchaser of a franchise is known as the A Investor; franchisee B. Franchisee; investor C. Franchisor; franchisee D. Licensor; licensee E. Franchisee; franchisor 22. The United States' small business economy, create all the following characteristics EXCEPT A. B. C. D. E. More patents per employee than large business 65% of all new jobs 1/3 of all exported goods from the US Average annual revenue of less than 7 million dollars 90% have 20 or fewer employees