China entered into this organization to gain access to new markets and created more international competition.
World Trade Organization
100
__________ is more responsible for American job loss than outsourcing.
Technology
100
Exporters want a ___________ dollar while importers want a __________ dollar.
Exporters want a weak dollar while importers want a strong dollar.
100
It is important to dress ___________ for a presentation.
Professionally
100
Where is Sam from?
Vietnam
200
According to Friedman these two dates are responsible for changing the global market.
11/9 and 9/11
200
What percentage of outsourcing is to serve foreign markets?
90%
200
This term describes how easy it is to sell a stock, currency, or product in the current market.
Liquidity
200
While giving a presentation it is important to maintain __________ with the audience for the entire time.
Eye contact
200
What college did Dr. Underwood get his Bachelor's degree from?
The University of Alabama.
300
What company allowed it's employees to work from home as a form of insourcing.
Jet Blue
300
According to the Index of Economic Freedom what is the easiest place to do business in the world.
Hong Kong
300
This occurs when a nation's exports exceed their imports.
Trade Surplus
300
What are the three P's needed for any good presentation?
Preparation, Preparation, Preparation.
300
How many athletes are in this class?
Six
400
This global company is known for their expertise in their supply chain development.
Wal-Mart
400
Explain this equation PQ + CQ > IQ
One's passion quotient and curiosity quotient is greater than their intelligence quotient.
400
What is it called when a buyer locks in an exchange rate on the forward market and avoids the risk of currency fluctuation?
Hedging
400
According to Dr. Underwood how many times should you take each test?
3 Times:
Before- Make a practice test
During
After- Ask questions to understand the problems you missed
400
In what country did Dr. Underwood teach this summer?
Italy
500
List the three stages of globalization according to Friedman.
1.1492-1800 Countries Expanding and Uncovering new places around the world.
2.1800-2000 Corporations initiating competition at a global level.
3.2000-Today Individuals now have the ability to compete in the world wide economy.
500
Define FDI and give at least on example of it in the state of SC.
Foreign Direct Investment is a direct investment into business in a country by another country.
BMW/Geer, Michelin Tires/Columbia, Boeing/Charleston
500
What is the purchase or sale of foreign currency for immediate delivery?
Spot Exchange Rate
500
What are the three C's required for any group project?
Creativity Communication Collaboration
500
What question does Dr. Underwood ask at the end of every Friday class?
"So tell me something fun that you are doing over the weekend."