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Vocabulary
International Business
Terms
Business & Economics
Finance and others
100
A form of business organization defined as an association of two or more persons operating as co-owners.
What is partnership?
100
The difference in value between a nation's imports and exports.
What is balance of trade?
100
the state of being responsible for something
What is liability?
100
The primary goal of all businesses
What is to earn profit
100

3-digit number that represents the credit worthiness of an individual

What is credit score

200

A legal entity, separate from it's owners.

What is a corporation?

200

The amount of a currency that can be bought with another currency .

Exchange rate

200

When government expenditures exceed government receipts.

What is budget deficit?

200

iPhone, Yeezys, trip to Paris.

What are wants.

200

Income Statement and Balance Sheets are known as-

What are financial statements

300

A person who organizes and manages any enterprise, usually with considerable initiative and risk.

What is an entrepreneur?

300
Tax levied by a nation on goods imported into the country.
What is import tariff?
300
The sale of goods and services to foreign markets
What is exporting?
300
The study of how resources are distributed for the production of goods and services within a social system
What is economics
300

Things of value that a business owns.

What is an asset

400
A written description of a new business venture that describes all aspects of the business.
What is a business plan?
400

Deliberate devaluation of a countries currency

What is  currency manipulation?

400

The total amount of money being transferred in and out of a business.

What is cash flow?

400
The funds used to acquire the natural and human resources needed to provide products.
What is capital
400

Accounting equation.

What is A = L + OE

500
Rivalry among businesses.
What is competition?
500

Small business support that provides for storage of imports and deferred payment of duties.

What is a foreign trade zone?

500
Businesses owned and operated by one individual.
What is sole proprietorship?
500

An economic system in which the government owns all the factors of production

What is communism

500

Revenue - COGS

What is Gross Profit