Liberty
University BUSI 303 exam 1 solutions answers Coursehero
How
many versions: 4 different versions
The beliefs of Judaism can be seen in the words of Moses
Maimonides who was a Spanish Jew that condensed the beliefs into a concise
thirteen Articles of Faith
Market demographics provide answers to questions pertaining
to who, what, why, and when and how for a specific group of people
The foundational rules in the World Trade Organization
(WTO), which originated in GATT, deals with the rules of trade between nations
at a global or near-global level
Hofstede’s fifth dimension of national culture, Long-term
Orientation, was derived from a values inventory suggested by Asian researchers
and is reminiscent of the teachings of Confucius
Religion is an important influencer of cultures
The Industrial Revolution was characterized by a marked
surge in manufacturing techniques that included mass assembly, electricity, and
new forms of propulsion
Subsidies are special privileges that governments provide to
businesses in order to attract them to a region or to simply have the required
funds to operate successfully
Horizontal integration occurs when a firm expands its
business into different products that are not similar to current lines
Proper business etiquette is of little concern to the
business manager starting a new job in foreign place
The Magna Carta Libertatum charter is sometimes credited
with stimulating the growth of free trade during the middle ages
Developing nations typically have a Human Development Index
(HDI) of less than 0.3 according to the Human Development Reports office
Muslims are legally required to give one-fortieth of their
income to the needy
The individualism dimension speaks to the extent that people
place their own needs and their family above everyone else
One positive aspect of collectivism is that the differences
among individuals are emphasized
The WTO is not exclusively about lowering or reducing trade
barriers but in some circumstances it supports maintaining trade barriers
A multinational corporation is one that delivers services in
at least two countries
The dissolution of the Council for Mutual Economic
Assistance (CMEA) disrupted many supply chains was one reason why Russia did
not adequately make the transition from a centrally planned to market economic
system
Muhammad’s disciples (i.s. Islamists) believe that sometime
during the seventh century AD, the Angel Gabriel dictated the contents to
Muhammad which is viewed as infallible and without error
An ethnocentric multinational corporation (MNC) very
carefully considers the cultures of the countries that it operates in when
making business decisions
A mixed economy is an economic system that allows for the
simultaneous operation of publicly and privately owned enterprises
The conclusion of World War II marked the beginning of the
time period known as American Peace or Pax Americana
Nations have been pouring money into researching and developing
new advanced technologies in an effort to stay competitive in the world market
Administrative delays impose waiting periods between the
time when the quality of the product is determined and when a product can
actually be sold in the market
The current account, sometimes called the financial account,
is the sum of every nation's gross income from trade in goods and services
Supporters of protectionism say that by increasing the cost
of imported goods through tariffs, the government instituting the barrier
penalizes the sending country as well as the citizens it is trying to protect
Foreign Direct Investment occurs when organizations become
more involved in the global community by purchasing land or other resources in
foreign nations
A trade deficit occurs when a country is exporting more than
it is importing
Outsourcing production to foreign firms makes it possible
for the domestic firm to maximize production and efficiency; however, it
results in higher product prices for the consumer
Low context communication is effective in most of the USA
An economic policy whereby governments accumulate wealth in
the form of gold bullion is referred to as mercantilism
In the “Great Revelation,” Confucius revealed the step by
step process by which one attains self-development
Fons Trompenaar believed that cultures generally proved to
be indistinguishable from one to the other
The Export-Import Bank is the official export credit agency
of the European Union
“Targeted Globalization” explains the phenomenon that the
globalization of a product or service is more likely to succeed when that
product or service is adapted specifically to each locality or culture to which
it is marketed
Local content requirements restrict domestic business
operations by hindering imports from reaching a nation or being purchased on
the domestic market
The Foreign Corrupt Practices Act makes it illegal to
influence foreign officials through personal payment
Oral agreements imply strong commitments in high-context
cultures
According to Smith’s theory of Absolute Advantage, any
domestic resource that a nation can buy at a lower price than it would cost to
produce domestically should be purchased and not produced
The impact of barriers to foreign investment led countries
to form an independent organization known as the World Trade Organization
(WTO).
Paul Krugman developed and published the International
Product Life Cycle Theory in 1966
The
Industrial Revolution was characterized by a marked surge in manufacturing
techniques that included mass assembly, electricity, and new forms of
propulsion
Muslims are
legally required to give one-fortieth of their income to the needy
Administrative
delays impose waiting periods between the time when the quality of the product
is determined and when a product can actually be sold in the market
NAFTA is a
major contributor to continental trade growth between Canada and Mexico by
reducing trade tariffs and restrictions imposed by foreign entities
The beliefs
of Judaism can be seen in the words of Moses Maimonides who was a Spanish Jew
that condensed the beliefs into a concise thirteen Articles of Faith
A
multinational corporation is one that delivers services in at least two
countries
The
difference between civil law and common law is grounded in the methodological
approach to codes and statues
The WTO is
not exclusively about lowering or reducing trade barriers but in some
circumstances it supports maintaining trade barriers
Oral
agreements imply strong commitments in high-context cultures
A high GNP
score indicates that countries also score high on measures of welfare and life
expectancy
Proper
business etiquette is of little concern to the business manager starting a new
job in foreign place.
The
historical development of international trade and investment theory serves as a
framework for understanding global trade patterns and the underlying reason for
the growth of trade between nations
Supporters
of protectionism say that by increasing the cost of imported goods through
tariffs, the government instituting the barrier penalizes the sending country
as well as the citizens it is trying to protect.
John Locke
first proposed the theory of absolute advantage in 1776.
According to
Smith’s theory of Absolute Advantage, any domestic resource that a nation can
buy at a lower price than it would cost to produce domestically should be
purchased and not produced
The impact
of barriers to foreign investment led countries to form an independent
organization known as the World Trade Organization (WTO).
The Magna
Carta Libertatum charter is sometimes credited with stimulating the growth of
free trade during the middle ages
Nations have
been pouring money into researching and developing new advanced technologies in
an effort to stay competitive in the world market
The current
account, sometimes called the financial account, is the sum of every nation's
gross income from trade in goods and services.
Local
content requirements restrict domestic business operations by hindering imports
from reaching a nation or being purchased on the domestic market.
Globalization
involves assimilation which is referred to as the blending and merging of
various cultures
Outsourcing
production to foreign firms makes it possible for the domestic firm to maximize
production and efficiency; however, it results in higher product prices for the
consumer
The
conclusion of World War II marked the beginning of the time period known as
American Peace or Pax Americana
Muhammad’s
disciples (i.s. Islamists) believe that sometime during the seventh century AD,
the Angel Gabriel dictated the contents to Muhammad which is viewed as
infallible and without error
The
foundational rules in the World Trade Organization (WTO), which originated in
GATT, deals with the rules of trade between nations at a global or near-global
level
Verbal
communication includes body language
Corruption
does not concern governments and is solely a business issue.
As reported
by the U.S. government CIA World Factbook in 2014, the GDP purchasing power
parity for the United States in 2012 ranked first among other nations
According to
the new trade theory, certain industries should not be modeled using the
perfect competition assumption
An economic
policy whereby governments accumulate wealth in the form of gold bullion is
referred to as mercantilism
Hofstede’s
fifth dimension of national culture, Long-term Orientation, was derived from a
values inventory suggested by Asian researchers and is reminiscent of the
teachings of Confucius
A trade
deficit occurs when a country is exporting more than it is importing
A
competitive advantage occurs when a nation is able to produce more output than
any other nation
Four
distinct areas relate to verbal communication are jargon and slang, dialects,
humor, and vocabulary and grammar
Words have
the same meaning across all languages
Foreign
Direct Investment occurs when organizations become more involved in the global
community by purchasing land or other resources in foreign nations
The global
manager must work to understand the cultures in which he or she does business
Since 2000
the proportion of the largest economic entities that are corporations has
fallen 20 percent
Fons
Trompenaar believed that cultures generally proved to be indistinguishable from
one to the other
Subsidies
are special privileges that governments provide to businesses in order to
attract them to a region or to simply have the required funds to operate
successfully
The individualism dimension speaks to the
extent that people place their own needs and their family above everyone else
Outsourcing production to foreign firms makes
it possible for the domestic firm to maximize production and efficiency;
however, it results in higher product prices for the consumer
The Foreign Corrupt Practices Act of 1977
makes it illegal to influence foreign officials through personal payment
The introduction of the Euro has significantly
reduced the burdens previously associated with foreign currency exchange in
this region
John Locke first proposed the theory of
absolute advantage in 1776.
A trade deficit occurs when a country is
exporting more than it is importing
Fons Trompenaar believed that culture
generally proved to be indistinguishable from one to the other
Geert Hofstede introduced the seven dimensions
of culture
Certain industries should not be modeled using
the perfect competition assumption according to the new trade theory
Successful FDI decreases employment and the
standard of living for nationals in the host country
"Targeted Globalization" explains
the phenomenon that the globalization of a product or service is more likely to
succeed when that product or service is adapted specifically to each locality
or culture to which it is marketed
The impact of barriers to foreign investment
led countries to form independent organization known as the World Trade
Organization (WTO).
International trade serves as the foundation
for the new global economy
Labor and production cost are typically lower
in less developed nations creating a continual pull for international
corporations
Competitive advantage occurs when a nation is
able to produce more of an output than any other nation
The difference between civil law and common
law is grounded in the methodological approach to codes and statutes
NAFTA is a major contributor to continental
trade growth between Canada and Mexico by reducing trade tariffs and
restrictions imposed on them by foreign entities
The conclusion of the World War II marked the
beginning of the time period known as American Peace–Pax Americana
A centrally planned economy most often refers
to an economic system that is under comprehensive control and regulation by a
government in accordance with the plan of economic development
The American model has kept unemployment high,
increased prices, and creased an environment that fosters change in how the
economy functions
Globalization is a relatively new paradigm
Low context communication is effective in most
of the USA
The Export-Import Bank is the official export
credit agency of the European Union
Proper business etiquette is of little concern
to the business manager starting a new job in foreign place
Subsidies are special privileges that
governments provide to the businesses in order to attract them to a region or
simply to have funds required to operate successfully
The Industrial Revolution was characterized by
a marked surge in manufacturing techniques that included: mass assembly,
electricity, and new forms of propulsion
Words have the same meaning across all
languages
Religion is an important factor in culture
around the world
An ethnocentric multinational corporation
(MNC) is one in which the company considers very carefully the cultures of the
countries that it operates in when making business decisions
Countries with high GNP, score high on
measures of welfare and life expectancy
Verbal communication includes body language
If foreign ownership decreases faster than
domestic ownership then the country is said to have capital account surplus
An economic policy whereby governments
accumulate wealth in the form of gold bouillon is mercantilism
A multinational corporation is one that
delivers services in at least 1 country
The current account, sometimes called the
financial account, is the sum of every nation's gross income from trade in
goods and services
A tariff is a tax applied to selected
categories of imports
Embargoes are economic and trade sanctions
against target foreign countries, groups, organizations, and individuals
The global manager must work to understand the
cultures in which he or she does business
Ethics is doing what feels good regardless of
moral duty and obligation
Education and experience are both necessary
components in handling the complex tasks of managing a global business
Verbal communication includes body language
Since 2000 the proportion of the largest economic entities that are corporations has fallen 20 percent
Muhammad’s disciples (i.s. Islamists) believe that sometime during the seventh century
AD, the Angel Gabriel dictated the contents to Muhammad which is viewed as infallible and
without error
The
dissolution of the Council for Mutual Economic Assistance (CMEA) disrupted many supply chains was one reason why Russia did not adequately make the transition from a
centrally planned to market economic system
Ownership
risk is defined by the Bank for International Settlement (BIS) as, “the risk of loss
resulting from inadequate or failed internal process, people and systems or from external
events”
Supporters of protectionism say that by increasing the cost of imported goods through tariffs, the government instituting the barrier penalizes the sending country as well as the
citizens it is trying to protect
Developing
nations typically have a Human Development Index (HDI) of less than 0.3
according to the Human Development Reports office
The
global manager must work to understand the cultures in which he or she does
business
A mixed economy is an economic system that allows for the simultaneous operation of publicly and privately owned enterprises.
The
three primary types of global economic systems are centrally planned, market, and
market growth
The
Industrial Revolution was characterized by a marked surge in manufacturing
techniques that included mass assembly, electricity, and new
forms of propulsion
Muslims are legally required to give onefortieth of their income to the needy
The
Magna Carta Libertatum charter is sometimes credited with stimulating the growth of
free trade during the middle ages
Foreign Direct Investment occurs when organizations become more
involved in
the
global community by purchasing land or other resources in foreign nations
A trade deficit occurs when a country is exporting more than it is importing
The
WTO has endorsed attempts by various organizations to develop legal standards with a special emphasis on corporate and financial institution laws
According
to Trompenaar’s model of culture, people in Universalistic cultures share the
belief that general rules, codes, values and standards take precedence over particular needs and claims of friends and relations
The current account, sometimes called
the
financial account, is the
sum of every nation's gross income from trade in goods and services.
Hofstede’s fifth dimension of national culture, Longterm Orientation, was derived from a values inventory suggested by Asian researchers and is reminiscent of the teachings of
Confucius
Proper
business etiquette is of little concern to the business manager starting a new job in foreign place
Words have the same meaning across all languages
According
to the new trade theory, certain industries should not be modeled using the
perfect competition assumption
Fons Trompenaar believed that cultures generally proved to be indistinguishable from one to the other
An economic policy whereby governments accumulate wealth in
the
form of gold
bullion is
referred to as mercantilism
Geert Hofstede introduced the seven dimensions of culture
The ExportImport Bank is the official export credit agency of the European Union
Embargoes are economic and trade sanctions against target foreign countries, groups, organizations, and individuals.
The
conclusion of World War II marked the beginning of the time period known as
American Peace or Pax Americana.
A multinational corporation is one that delivers services in at least two countries
Communications technologies provide us with the ability to encode our thoughts and
purposes clearly.
The
WTO is not exclusively about lowering or reducing trade barriers but in some circumstances it supports maintaining trade barriers
One
positive aspect of collectivism is that the differences among individuals are emphasized
The
impact of barriers to foreign investment led countries to form an independent
organization known as the World Trade Organization (WTO).
The
individualism dimension speaks to the extent that people place their own needs and their family above everyone else.
Successful
FDI decreases employment and the standard of living for nationals in the host
country
Globalization is a relatively new
paradigm
Paul Krugman developed and published the International Product Life Cycle Theory in
1966
The
beliefs of Judaism can be seen in the words of Moses Maimonides who was a
Spanish Jew that condensed the beliefs into a concise thirteen Articles of Faith
A competitive advantage occurs when a nation is able to produce more output than any other nation.
The foundational rules in the World
Trade Organization
(WTO), which
originated
in GATT,
deals with the rules of trade between nations at a global or nearglobal level.
Religion is an important influencer of cultures
“Targeted Globalization” explains the phenomenon that
the globalization of a product or service is more likely to succeed when that
product or service is adapted specifically to each locality or culture to which
it is marketed
Administrative delays impose waiting periods between the
time when the quality of the product is determined and when a product can
actually be sold in the market
The historical development of international trade and
investment theory serves as a framework for understanding global trade patterns
and the underlying reason for the growth of trade between nations
Globalization involves assimilation which is referred
to as the blending and merging of various cultures.
A high GNP score indicates that countries also score
high on measures of welfare and life expectancy
A centrally planned economy most often refers to an
economic system that is under comprehensive control and regulation by a
government in accordance with the plan of economic development
In the “Great Revelation,” Confucius revealed the step
by step process by which one attains self-development
Subsidies are special privileges that governments
provide to businesses in order to attract them to a region or to simply have
the required funds to operate successfully
Muslims are legally required to give one-fortieth of
their income to the needy
Paul Krugman’s New Trade Theory Model demonstrated
that in certain industries, government protections of an industry prove
advantageous
Horizontal integration occurs when a firm expands its
business into different products that are not similar to current lines
Four distinct areas relate to verbal communication are
jargon and slang, dialects, humor, and vocabulary and grammar
The introduction of the Euro has significantly reduced
the burdens previously associated with foreign currency exchange in the
European nations
NAFTA is a major contributor to continental trade
growth between Canada and Mexico by reducing trade tariffs and restrictions
imposed by foreign entities
Gross Domestic Product (GDP) is the total market value
of all the goods and services produced by a nation during a specified period
An ethnocentric multinational corporation (MNC) very
carefully considers the cultures of the countries that it operates in when
making business decisions
Oral agreements imply strong commitments in
high-context cultures
If foreign ownership decreases faster than domestic
ownership, then the country is said to have capital account surplus
John Locke first proposed the theory of absolute
advantage in 1776
Hofstede's fifth dimension of national culture,
Long-term Orientation, was derived from a values inventory suggested by Asian
researchers and is reminiscent of the teachings of Confucius.
The Foreign Corrupt Practices Act makes it illegal to
influence foreign officials through personal payment.
The conclusion of World War II marked the beginning of
the time period known as American Peace or Pax Americana.
Subsidies are special privileges that governments
provide to businesses in order to attract them to a region or to simply have
the required funds to operate successfully.
The Industrial Revolution was characterized by a
marked surge in manufacturing techniques that included mass assembly,
electricity, and new forms of propulsion.
Oral agreements imply strong commitments in high-context
cultures.
The three primary types of global economic systems are
centrally planned, market, and market growth.
Four distinct areas relate to verbal communication are
jargon and slang, dialects, humor, and vocabulary and grammar.
Corruption does not concern governments and is solely
a business issue.
Paul Krugman developed and published the International
Product Life Cycle Theory in 1966.
Words have the same meaning across all languages.
Bribery helps to fuel poverty, especially when
high-level public officials steal from their nations or mismanage public
resources intended to finance their people's aspirations for a better life.
Horizontal integration occurs when a firm expands its
business into different products that are not similar to current lines.
According to Trompenaar's model of culture, people in
Universalistic cultures share the belief that general rules, codes, values and
standards take precedence over particular needs and claims of friends and
relations.`
Education and experience are both necessary components
in handling the complex tasks of managing a global business.
A multinational corporation is one that delivers
services in at least two countries.
Successful FDI decreases employment and the standard
of living for nationals in the host country.
The impact of barriers to foreign investment led
countries to form an independent organization known as the World Trade
Organization (WTO).
A trade deficit occurs when a country is exporting
more than it is importing.
One positive aspect of collectivism is that the
differences among individuals are emphasized.
According to Smith's theory of Absolute Advantage, any
domestic resource that a nation can buy at a lower price than it would cost to
produce domestically should be purchased and not produced.
NAFTA is a major contributor to continental trade
growth between Canada and Mexico by reducing trade tariffs and restrictions
imposed by foreign entities.
The global manager must work to understand the
cultures in which he or she does business.
Labor and production costs are typically lower in less
developed nations which creates a continuous pull for international
corporations.
Ownership risk is defined by the Bank for
International Settlement (BIS) as, "the risk of loss resulting from
inadequate or failed internal process, people and systems or from external
events".
Muhammad's disciples (i.s. Islamists) believe that
sometime during the seventh century AD, the Angel Gabriel dictated the contents
to Muhammad which is viewed as infallible and without error.
Developing nations typically have a Human Development
Index (HDI) of less than 0.3 according to the Human Development Reports office.
Globalization involves assimilation which is referred
to as the blending and merging of various cultures.
Low context communication is effective in most of the
USA.
Since 2000 the proportion of the largest economic
entities that are corporations has fallen 20 percent.
Social responsibility is the discipline of dealing
with what is good and bad as well as with moral duty and obligation.
Fons Trompenaar believed that cultures generally
proved to be indistinguishable from one to the other.
John Locke first proposed the theory of absolute
advantage in 1776.
A mixed economy is an economic system that allows for
the simultaneous operation of publicly and privately owned enterprises.
Local content requirements restrict domestic business
operations by hindering imports from reaching a nation or being purchased on
the domestic market.
A tariff is a tax applied to a selected category of
imports.
If foreign ownership decreases faster than domestic
ownership, then the country is said to have capital account surplus.
The introduction of the Euro has significantly reduced
the burdens previously associated with foreign currency exchange in the
European nations.
Supporters of protectionism say that by increasing the
cost of imported goods through tariffs, the government instituting the barrier
penalizes the sending country as well as the citizens it is trying to protect.
The dissolution of the Council for Mutual Economic
Assistance (CMEA) disrupted many supply chains was one reason why Russia did
not adequately make the transition from a centrally planned to market economic
system.
The impact of barriers to foreign
investment led countries to form independent organization known as the World
Trade Organization (WTO).
The tree primary types of global economic
systems are centrally planned economy, market economy and market growth
economy.
Religion is an important factor in culture
around the world.
Education and experience are both
necessary components in handling the complex tasks of managing a global
business.
The introduction of the Euro has
significantly reduced the burdens previously associated with foreign currency.
Ownership risk is defined by the Bank for
International Settlement (BIS) as, "the risk of loss resulting from
inadequate or failed internal process, people and systems or from external
events".
The individualism dimension speaks to the
extent that people place their own needs and their family above everyone else.
Embargoes are economic and trade sanctions
against target foreign countries, groups, organizations, and individuals.
An ethnocentric multinational corporation
(MNC) is one in which the company considers very carefully the cultures of the
countries that it operates in when making business decisions.
Successful FDI decreases employment and
the standard of living for nationals in the host country.
A tariff is a tax applied to selected
categories of imports.
Competitive advantage occurs when a nation
is able to produce more of an output than any other nation.
The difference between civil law and
common law is grounded in the methodological approach to codes and statutes.
If foreign ownership decreases faster than
domestic ownership then the country is said to have capital account surplus.
A centrally planned economy most often
refers to an economic system that is under comprehensive control and regulation
by a government in accordance with the plan of economic development.
One of the major strengths of the U.S.
economic model is the "competition is good" ideology.
The Export-Import Bank is the official
export credit agency of the European Union.
NAFTA is a major contributor to
continental trade growth between Canada and Mexico by reducing trade tariffs
and restrictions imposed on them by foreign entities.
Globalization involves the blending and
merging of various cultures. Therefore, this involvement is known as
assimilation.
The conclusion of the World War II marked
the beginning of the time period known as American Peace-Pax Americana.
Local content requirements place
restrictions on domestic business that can hinder imports from reaching a
nation, or being purchased on the domestic market.
Fons Trompenaar believed that culture generally
proved to be indistinguishable from one to the other.
A multinational corporation is one that
delivers in at least 1 country.
"Targeted Globalization"
explains the phenomenon that the globalization of a product or service is more
likely to succeed when the product or service is adapted specifically to each
locality or culture to which it is marketed.
Labor and production cost are typically
lower in less developed nations creating a continual pull for international
corporations.
Countries with high GNP, score high on
measures of welfare and life expectancy.
Globalization is a relatively new
paradigm.
A mixed economy is an economic system that
allows for the simultaneous operation of publicly and privately owned
enterprises.
Verbal communication includes body
language.
Certain industries should not be modeled
using the perfect competition assumption according to the new trade theory.
The World Trade Organization (WTO), deals
with the rules of trade between nations at a global or near-global level. The
foundation for the rules in the WTO originated in the GATT.
An economic policy whereby governments
accumulate wealth in the form of gold bouillon is mercantilism.
The Foreign Corrupt Practices Act of 1977
makes it illegal to influence foreign officials through person payment.
Nations have been pouring money into
researching and developing new advanced technologies in an effort to stay
competitive in the world market.
The current account, sometimes called the
financial account, is the sum of every nation's gross income from trade in
goods and services.
Ethics is doing what feels good regardless
of moral duty and obligation.
Geert Hofstede introduced the seven
dimensions of Culture.
Low context communication is effective in
most of the USA.
The global manager must work to understand
the cultures in which he or she does business.
Proper business etiquette is of little
concern to the business manager starting a new job in a foreign place.
The Industrial Revolution was
characterized by a marked surge in manufacturing techniques that included: mass
assembly, electricity, and new forms of propulsion.
The American model has kept unemployment
high, increased prices, and creased an environment that fosters change in how
the economy functions.
Corruption does not concern governments
and is solely a business issue.
Outsourcing production to foreign firms
makes it possible for the domestic firm to maximize production and efficiency;
however, it results in higher product prices for the consumer.
Words have the same meaning across all
languages.
International trade serves as the
foundation for the new global economy.
John Locke first proposed the theory of
absolute advantage in 1776.
A trade deficit occurs when a country is
exporting more than it is importing.
Subsidies are special privileges that
governments provide to the businesses in order to attract them to a region or
simply to have funds required to operate successfully.
Administrative delays impose waiting
periods between the time of when the quality of the product is determined and
when a product can actually be sold in the market.
No comments:
Post a Comment