International Business
(T/F): Exchange rates impact the profitability of international business transactions.
What is True?
Lying, misleading, or pretending in a business environment
What is Fraud
A statement of the assets, liabilities, and capital of a business
Product, Price, Proximity, Promotion, Preference
What is the 5 P's of International Business?
The rules that help us tell the difference between right and wrong and encourage us to do the right thing
What is Ethics?
How fast an asset can turn into cash
What is Liquidity?
The term for the buying and selling of goods and services across National borders
What is International trade?
Encourages employees to have a say in the decision making process.
What is Democratic Leadership?
The practice of recording and tracking the financial transactions of a business
What is Bookkeeping?
A tax imposed by one country on the goods and services
What is Tariff?
A business tricks customers into buying goods/services they don’t really need through unethical advertising and false claims
What is Consumer Fraud?
A method of documenting business expenses and revenue by entering every single transaction as a debit and credit
What is Double Entry Accounting?
Refers to the ability of a country to produce goods more efficiently than another country?
What is Comparative Advantage?
The theft or misappropriation of funds placed in one's trust or belonging to one's employer
What is Embezzlement?
A process designed to provide reasonable assurance regarding the achievement of objectives