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Questions and Answers
International business includes only the exchange of money for physical goods across borders.
International business includes only the exchange of money for physical goods across borders.
False (B)
A key factor for a manager to consider when evaluating a country is the segregation of international and domestic markets.
A key factor for a manager to consider when evaluating a country is the segregation of international and domestic markets.
False (B)
A shareholder is an individual or organization whose interests may be affected as the result of what another individual or organization does; this is the definition of a stakeholder, not a shareholder.
A shareholder is an individual or organization whose interests may be affected as the result of what another individual or organization does; this is the definition of a stakeholder, not a shareholder.
False (B)
Stakeholder analysis is a technique used to undermine the importance of key people, groups, or institutions that may significantly influence the success of an activity or business.
Stakeholder analysis is a technique used to undermine the importance of key people, groups, or institutions that may significantly influence the success of an activity or business.
Normative ethics investigates where our ethical principles come from, and what they mean.
Normative ethics investigates where our ethical principles come from, and what they mean.
In Globalization 1.0, major software advances allowed an unprecedented number of people worldwide to work together with unlimited potential.
In Globalization 1.0, major software advances allowed an unprecedented number of people worldwide to work together with unlimited potential.
Domestic trade involves exchanging goods and services between people or entities located in two different countries.
Domestic trade involves exchanging goods and services between people or entities located in two different countries.
According to factor proportions theory, countries will export goods requiring resources in great supply, while importing goods requiring scarce resources.
According to factor proportions theory, countries will export goods requiring resources in great supply, while importing goods requiring scarce resources.
Nominal Per Capita GDP is calculated by multiplying the GDP by the population of the country.
Nominal Per Capita GDP is calculated by multiplying the GDP by the population of the country.
ASEAN succeeded GATT and came into effect on January 1, 1995.
ASEAN succeeded GATT and came into effect on January 1, 1995.
Economics of scale do not belong to the four main types of Regional Economic Integration.
Economics of scale do not belong to the four main types of Regional Economic Integration.
Trade creation is considered one of the “CONS” in creating regional trade agreements.
Trade creation is considered one of the “CONS” in creating regional trade agreements.
The Security Council is one of the UN bodies that is responsible for the issues related to economics, human rights and social matters.
The Security Council is one of the UN bodies that is responsible for the issues related to economics, human rights and social matters.
When a firm brings the goods or components back to its home country (i.e. acting as a supplier), this is referred to as backward vertical FDI.
When a firm brings the goods or components back to its home country (i.e. acting as a supplier), this is referred to as backward vertical FDI.
Generally, cultural differences between two countries decrease their economic exchange.
Generally, cultural differences between two countries decrease their economic exchange.
Flashcards
International Business
International Business
Cross-border exchanges of goods, services, or resources between nations.
Stakeholder
Stakeholder
Individuals or organizations affected by the actions of another individual or organization.
Stakeholder Analysis
Stakeholder Analysis
A technique to identify and assess the importance of key people or groups that influence a project's success.
Trade
Trade
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International trade
International trade
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Factor Proportions Theory
Factor Proportions Theory
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Nominal Per Capita GDP
Nominal Per Capita GDP
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WTO
WTO
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CEFTA
CEFTA
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Cultural Distance
Cultural Distance
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Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR)
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Horizontal FDI
Horizontal FDI
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Vertical FDI
Vertical FDI
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Study Notes
- International business involves cross-border exchanges of goods, services, or resources between nations.
- These exchanges include money for physical goods, and domestic transfers of people, intellectual property, contractual assets, or liabilities.
- Gender Development is a fundamental aspect of human development.
- Experts debate the definition of a country's level of economic development, including criteria.
- Mixed international and domestic markets are factors for managers evaluating a country.
- Stakeholder analysis assesses the importance of key people or groups influencing a project or business.
- Metaethics investigates the origins and meaning of ethical principles.
- Trade involves exchanging goods and services between people or entities.
- In factor proportions theory, countries produce/export goods using abundant/cheaper factors.
- Countries export goods requiring resources in short supply, yet higher demand.
- Nominal Per Capita GDP (GDP divided by population) indicates local economy strength.
- CEFTA is a trade agreement between non-EU countries in central and southeastern Europe. (Albania, Croatia, Bosnia, Herzegovina, Serbia, etc.).
- The General Assembly is responsible for issues related to economics, human rights, and social matters.
- Cultural distance refers to differences based in language, norms, national or ethnic identity, trust levels, respect for entrepreneurship, social networks, or other country-specific qualities.
- Corporate social responsibility is a form of corporate self-regulation integrated into a business model.
- Horizontal FDI involves a company opening a new market.
- Vertical FDI a company invests internationally to provide input into its core operations.
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