FACULTAD DE ESTUDIOS INTERNACIONALES Y POLÍTICAS PÚBLICAS.

LICENCIATURA EN RELACIONES COMERCIALES INTERNACIONALES

1ST PARTIAL EXAM: SEPTEMBER-OCTOBER
ENGLISH 1. TEACHER FRIDA LERMA

NAME: ___________________________________ DATE: _____________________

Teacher’s notes
Read the instructions and complete each activity as asked.

Act. 1. Complete the sentences using the correct word(s). USE the wordbank

Free trade 1. Is the monetary charge for the privilege of borrowing money,
typically expressed as an annual percentage rate ______________
Economic growth
2. to give encouragement and approval to someone or something
Interest because you want the person or thing to succeed: _____________
3. A planned occasion when people come together, either in person or
Development online (= using the internet), to discuss something. _________________
Competition 4. ____________________ happens when barriers such as tariffs, value
added taxes, subsidies are reduced.
Worldwide 5. Large _______________ corporations have the ability to exploit tax
havens in other countries to avoid paying taxes.
Market
6. There is now a ________________market for companies and
Communications consumers who have access to products of different countries.
7. The act or process of using words, sounds, signs, or behaviors to
Agreements express or exchange information or to express your
Invoice ideas_________________
8. When there are other coutries producing the same product there are
Multi-national more options for the consumers to choose. This _______________
creates the opportunity to improve production and quality but also gives
Support
the consumers a variety of options to choose from.
Taxes 9. a person who owns shares in a company and therefore gets part of
the company's profits and the right to vote on how the company is
Shareholder controlled: _____________________
Meeting 10. Globalization has given countries the ability to agree to free trade
____________ like NAFTA, South Korea Korus, and The TPP.
11. Globalization represents free trade which promotes
global_______________; creates jobs, makes companies more competitive, and lowers prices
for consumers.
12. ________________ in economics considers factors such as health, education, working
conditions, domestic and international policies, and market conditions with a focus on
improving conditions in the world's poorest countries.
13. Is a place where buyers and sellers can meet to facilitate the exchange or transaction of goods
and services____________________
14. Mandatory contributions collected by governments.______________________ .
15. An _________, bill or tab is a commercial document issued by a seller to a buyer, relating to a
sale transaction and indicating the products, quantities, and agreed prices for products or
services the seller had provided the buyer.
Act. 2. Make a mind-map on the topic of “Globalization”. You can use just words or short sentences.

Act. 3. Answer the questions and explain 3 different INCOTERMS.

1. What does “INCOTERM” mean?
______________________________________________________________________________
2. What are INCOTERMS used for? ___________________________________________________
3. What does “ICC” mean? _________________________________________________________
4. Who created the INCOTERMS? ____________________________________________________
5. What do incoterms do?
A) They prevent misunderstandings by clearly stipulating the obligations of buyers and sellers
B) They tell you what to buy and where to buy it
C) They stipulate the obligations for people transporting the products from other countries.
6. What are the INCOTERMS people use the most?
A) The ones that express the obligations
B) It will depend on the type of transportation and charges due
C) They will be the ones where the buyer pays less.

Act. 4. Answer the questions choosing the best possible answer.

1. What’s a leader?
A) Is someone who controls people in a company and take important decisions.
B) Is someone you can approach to solve your problems and take responsibility for your
mistakes
C) is someone who can see how things can be improved and who rallies people to move
toward that better vision.
2. Is someone who develops an enterprise around an innovation. They manage the business and
assume the risk for its success.
a) Business man b) CEO c) Entrepreneur d) A boss
3. List 3 characteristics a successful entrepreneur have:
______________________________________________________________________________
______________________________________________________________________________
Act. 5. Complete the phrases using the past form of the following verbs: BE, GO, START, OPEN,
BECOME, FOUND, HAVE, MAKE, GET, TAKE, MEET, WANT, EXPAND, INVEST, SELL. You won’t use one
word

1. Last year I _____________ to a conference and ______________ a famous entrepreneur.

2. The day I _____________ the decision of starting my own business I __________ all my money.
3. My family and I _______________ a big risk when we ______________ the house to start the
business.
4. I ______________ very nervous and my family ______ angry at me but at the end everything
went just fine.
5. We __________________ the business 2 years ago.
6. They ________________the company on October 2010.
7. We __________________ to start with small contracts and one year later the big ones started
to come.
8. Once the big contracts came we _____________ to other countries and _____________ a
multi-national company.
9. This business started when my associates and I ___________ an idea and started to work on it.

Act. 6. TALK ABOUT GLOBALIZATION. Explain one situation or product that represents or exemplifies the
process of Globalization. Develop your idea: