International Business and Finance Quiz

International Business and Finance: Understanding the Scope and Types

International Business:

Refers to any type of business activity that crosses national borders.
Involves buying and/or selling goods and services across two or more national boundaries.
Focuses on the problems and opportunities that emerge since the firm is operating in more than one country.
Benefits include survival, growth of overseas markets, sales and profit, diversification, inflation and price moderation, employment, and standards of living.
Difficulties include political and legal differences, cultural differences, economic differences, differences in the currency unit, language, marketing infrastructure, trade restrictions, high costs of distance, and differences in trade practices.
Environmental analysis and diagnosis are crucial processes to monitor the economic, governmental/legal, market/competitive, supplier/technological, geographic, and social settings.
Environmental diagnosis consists of managerial decisions made by analyzing the significance of the data (opportunities and threats) of the environmental analysis.

Finance:

Encompasses money management, the process of acquiring needed funds, and the oversight, creation, and study of financial systems.
Types include personal finance, corporate finance, public finance, small business finance, international finance, and global finance.
Personal finance refers to the basic principles of finance applied to the monetary decisions of an individual consumer or investor.
Components of personal finance include checking and savings accounts, investments, credit cards and consumer loans, social security benefits, income tax management, insurance policies, and retirement plan management.
Key components of personal finance include assessment, establishing goals, establishing a plan, executing the plan, and monitoring the plan.
Corporate finance deals with financial decisions that a business enterprise must evaluate and subsequently affirm, including financing, capital structure, and money management to help maximize returns and shareholder value.
Public finance includes tax, spending, budgeting, and debt issuance policies that affect how a government pays for the services it provides to the public.

International Business and Finance: Understanding the Scope and Types

International Business:

Refers to any type of business activity that crosses national borders.
Involves buying and/or selling goods and services across two or more national boundaries.
Focuses on the problems and opportunities that emerge since the firm is operating in more than one country.
Benefits include survival, growth of overseas markets, sales and profit, diversification, inflation and price moderation, employment, and standards of living.
Difficulties include political and legal differences, cultural differences, economic differences, differences in the currency unit, language, marketing infrastructure, trade restrictions, high costs of distance, and differences in trade practices.
Environmental analysis and diagnosis are crucial processes to monitor the economic, governmental/legal, market/competitive, supplier/technological, geographic, and social settings.
Environmental diagnosis consists of managerial decisions made by analyzing the significance of the data (opportunities and threats) of the environmental analysis.

Finance:

Encompasses money management, the process of acquiring needed funds, and the oversight, creation, and study of financial systems.
Types include personal finance, corporate finance, public finance, small business finance, international finance, and global finance.
Personal finance refers to the basic principles of finance applied to the monetary decisions of an individual consumer or investor.
Components of personal finance include checking and savings accounts, investments, credit cards and consumer loans, social security benefits, income tax management, insurance policies, and retirement plan management.
Key components of personal finance include assessment, establishing goals, establishing a plan, executing the plan, and monitoring the plan.
Corporate finance deals with financial decisions that a business enterprise must evaluate and subsequently affirm, including financing, capital structure, and money management to help maximize returns and shareholder value.
Public finance includes tax, spending, budgeting, and debt issuance policies that affect how a government pays for the services it provides to the public.

International Business and Finance: Understanding the Scope and Types

International Business:

Refers to any type of business activity that crosses national borders.
Involves buying and/or selling goods and services across two or more national boundaries.
Focuses on the problems and opportunities that emerge since the firm is operating in more than one country.
Benefits include survival, growth of overseas markets, sales and profit, diversification, inflation and price moderation, employment, and standards of living.
Difficulties include political and legal differences, cultural differences, economic differences, differences in the currency unit, language, marketing infrastructure, trade restrictions, high costs of distance, and differences in trade practices.
Environmental analysis and diagnosis are crucial processes to monitor the economic, governmental/legal, market/competitive, supplier/technological, geographic, and social settings.
Environmental diagnosis consists of managerial decisions made by analyzing the significance of the data (opportunities and threats) of the environmental analysis.

Finance:

Encompasses money management, the process of acquiring needed funds, and the oversight, creation, and study of financial systems.
Types include personal finance, corporate finance, public finance, small business finance, international finance, and global finance.
Personal finance refers to the basic principles of finance applied to the monetary decisions of an individual consumer or investor.
Components of personal finance include checking and savings accounts, investments, credit cards and consumer loans, social security benefits, income tax management, insurance policies, and retirement plan management.
Key components of personal finance include assessment, establishing goals, establishing a plan, executing the plan, and monitoring the plan.
Corporate finance deals with financial decisions that a business enterprise must evaluate and subsequently affirm, including financing, capital structure, and money management to help maximize returns and shareholder value.
Public finance includes tax, spending, budgeting, and debt issuance policies that affect how a government pays for the services it provides to the public.