Course Hero Logo

Module 2- Global Business and The Different Forms.pdf -...

Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. This preview shows page 1 - 3 out of 5 pages.

Jenna SanteramoBUS-110 June 9th, 2021Module 2- Global Business and The Different Forms Chapter 3- Exploring Global Business1. Restrictions or not, international business is growing. However, the worldwide recessions of 1991, 2001-2002 slowed the rate of growth for international business. International trade is overall increasing. Trade between the US and other nations is increasing in dollar value but decreasing in terms of our share of the world market. In the United States, international trade now accounts for over one-fourth of gross domestic product. 2.The general agreement on tariffs, trade (GATT) was formed to demolish trade barriers and provide an environment in which international business can grow. Today, the World Trade Organization (WTO), various economic communities carry on this mission. These world economic communities include the European Union, the NAFTA, the CAFTA, the Association of Southeast Asian Nations, the Pacific Rim and the Commonwealth of Independent States, the Caribbean Basin Initiative, the Common Market of the Southern Cone, the Organization of Petroleum Exporting Countries, the Organization for Economic Cooperation and Development.
Chapter 4- Choosing a Form of Business Ownership1.There are several different types of business ownerships; asole proprietorshipis a business that is owned (and usually operated) by one person. Therefore, a few sole proprietorships are large and have many employees but most are small. The US Uniform Partnership Act defines a partnership as a voluntary association of 2 or more persons to act as co-owners of a business for profit. A corporation (sometimes referred to as a regular or C-corporation) is an artificial person created by law, with most of the legal rights of a real person. An S corporationis a corporation that is taxed as though it were a

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 5 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Spring
Professor
NoProfessor
Tags
Corporation, open corporation

Newly uploaded documents

Show More

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture