Importing, Exporting, and Trade Relations
Structures Of International Business Organizations
Government & Global Business
Past Chapters
Global Business
100
An export document that shows the terms between the exporter and transporter is called.....
What is a bill of lading?
100
72% of business start out as......
What is a sole proprietorship?
100
The political system type that involves all citizens in making rules is called a
What is democracy?
100
A system of learned, shared, unifying, and interrelated beliefs, values, and assumptions. This defines the word.....
What is culture?
100
Organization was founded in 1994, and is responsible for policing the world trading system
What is the World Trade Organization (WTO)?
200
Another name for products bought from businesses in other countries
What is imports?
200
83% of US sales come from this type of business
What is corporations?
200
Individual economic freedom is allowed but individual political freedom is restricted in the belief that it could lead to communism
What is right wing totalitarianism?
200
Another name for products bought from businesses in other countries
What is imports?
200
Transfers the ownership of state property into the hands of private investors
What is privatization?
300
Emerged in England in the mid-16th century, asserted that it is in a country’s best interest to maintain a trade surplus, to export more than it imports.
What is mercantilism?
300
Two forms of business organizations besides sole proprietorships, partnerships, and corporations.....
What is non profit organizations and cooperatives?
300
The most widely practiced theocratic law system (based on religious teachings) in the modern world
What is Islamic law?
300
X > M =
What is a trade surplus?
300
Makes it a violation of the United States’ law to bribe a foreign government official in order to obtain or maintain business over which the foreign official has authority, and requires all publicly traded countries to keep detailed records so that it is clear whether a violation of the act has occurred or not
What is the Foreign Corrupt Practices Act ?
400
Came up with the theory of comparative advantage
Who is David Ricardo?
400
The establishment of a wholly new operation in a foreign country
What is greenfield investment?
400
Duty free trade exists in these type of areas......
What is free trade zones?
400
A global network of banks, brokers, and foreign exchange dealers connected by electronic communications systems.
What is the foreign exchange market?
400
Establishes a uniform set of rules governing certain aspects of the making and performance of everyday commercial contracts between sellers and buyers who have their places of business in different nations
What is the United Nations Convention in Contracts for the International Sales of Goods (CIGS)?
500
__________ suggests that because of economies of scale (unit cost reductions associated with a large scale of output) and increasing returns to specialization, in some industries there are likely to be only a few profitable firms
What is new trade theory?
500
The lowest risk method of getting into international business is
What is exporting?
500
NAFTA is a form of this type of agreement
What is a free trade agreement?
500
The first 3 steps in the decision making process
What is define the problem, identify the alternatives, and evaluate the alternatives?
500
Percent of the world's production that is produced in the United States today
What is 20%?
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