20 Questions
What is the main focus of foreign direct investment (FDI)?
Investing in foreign value-added activities
Which acronym represents the emerging economies of Brazil, Russia, India, China, and South Africa?
BRIC(S)
What does Gross National Income (GNI) include?
GDP plus income from nonresident sources
What does purchasing power parity (PPP) aim to adjust for?
Differences in cost of living
Who is an expatriate manager (expat)?
A manager who works abroad
What is one of the benefits of international business mentioned in the text?
Facilitates the mobility of labor, capital, and technology
Which type of business engages in foreign direct investments according to the text?
Multinational enterprise (MNE)
What does global business encompass according to the text?
Both international and domestic business activities
Which of the following firms engages in international economic activities, as per the text?
Art, film, and music companies
What is a characteristic of a multinational enterprise (MNE) as per the text?
Engages in foreign direct investments
What is the key difference between Gross Domestic Product (GDP) and Gross National Income (GNI)?
GDP includes income from nonresident sources abroad, while GNI does not.
What does the term 'Base of the Pyramid' refer to?
The vast majority of humanity living with an annual income less than $2,000.
Which term is used to describe the adjustment made to reflect differences in the cost of living when comparing the absolute purchasing power of countries?
Purchasing power parity (PPP)
What does a manager who works abroad, such as in a different country, typically command?
A significant salary increase known as the expatriate premium.
What is the common term used to describe economies transitioning from low-income, less developed states to modern industrial states?
Emerging markets
What is one of the roles of international business as mentioned in the text?
Providing challenging employment opportunities
Which type of businesses are included under global business, as per the text?
Businesses engaging in both international and domestic activities
What distinguishes multinational enterprises (MNEs) from other firms?
Engagement in foreign direct investments
How does international business impact the mobility of resources according to the text?
By facilitating the mobility of labor and capital
What is the primary focus of a multinational enterprise (MNE) as highlighted in the text?
Engaging in foreign direct investments
Explore the significance of international business in today's global economy, including its impact on firms such as manufacturing, service, art, film, and music companies. Learn about the flow of ideas, services, capital, consumer choices, product variety, labor mobility, and technology facilitated by international business.
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