"International business is all commercial transactionsprivate and governmental-between two or more countries" (Daniels, Radebaugh & Sullivan)
" International business consists of business tra
Question: Which company found itself the center protests when news reports revealed that
working conditions at many of its subcontractors were very poor.
Question: The process by which something, typically a word or expression, is changed fro
Question: In most countries, which industry tends to benefit most from subsidies?
Question: This abbreviation refers to a quota on trade imposed by the exporting country,
typically at the request of the importing country's government.
Question: This metal was used for international transactions prior to the implementation of the
gold standard in 1875.
Question: In this city in 1944, at the height of World War II, representatives from 44 countries
met to design a new inte
Question: This is a market for converting one country's currency into another's.
Question: _ is the daily exchange rate for a currency.
Question: This is a contract between two countries in which Country 1 delivers a specified
Question: _ trade involves borrowing in one currency for which interest rates are low and
then using the proceeds to invest in another currency for which interest rates are high.
Question: If both residents and non-residents are prohibited f
Question: Who ended the U.S. dollar's gold convertibility and devalued U.S. dollars in 1971?
Question: This is an international agency established in New Hampshire to watch over the
economic activity of member countries.
Question: _ are a popular option for heavy industries, offering the ability to move a large
amount of heavy items in containers that can be then transported by boat or truck.
Question: This transportation mode is excellent for transportin
Question: _ refers to the use of a specialized third-party trading house in a countertrade
Answer: switch trading
Question: _ refers to an arrangement in which a firm builds a plant in a country and agrees
to take a certain percentage of the
Question: Which type of policy is concerned with the selection of employees who have the skills
required to perform a particular job?
Question: A(n) _ approach to staffing policy is one in which key management
positions in an internationa
Question: A _ is a written order by one party (the drawer) to another (the drawee) to pay a
fixed sum of money immediately or at a predetermined date for goods and/or services received.
Question: A _ is a contractual agreement prepared by an
Question: With regard to the types of allowances often included in an expatriate's compensation
package, a(n) _ allowance is paid when the expatriate is being sent to a difficult location.
Question: _ refers to reentry of expatriate manag
Question: _ refers to shipping a companys goods from its home country to a designated
Question: _ refers to an arrangement whereby a licensor grants the rights to intangible
property to another entity for a specif
Question: The _ and economic condition of a country have several effects on its
Question: In which country did McDonalds have a free motorcycle delivery system?
Question: In which country did Ji
Question: _ occurs when a firm invests directly in facilities to produce or market a product
in a foreign country.
Question: The investment of a wholly new operation in a foreign country is referred to as
Answer: green field
Question: _ is
Question: _ refers to exchanging principal and interest in one currency for principal and
interest in another currency.
Question: _ refers to the simultaneous buying and selling of foreign currencies with the
intention of making profit from t
Question: A country that is a member of European Union:
Question: The most enduring free trade area in the world
Question: The _ union is one step further along the road to full economic and political
integration. A customs un
Question: Which country developed a very large proportion of the world's new products for most
of the 20th century?
Answer: United States
Question: A country is said to have a(n) _ advantage in production when it is more efficient
than any other country i
Question: Which theory argues that the pattern of international trade is determined by differences
in national factor endowments?
Question: Who pointed out that, contrary to the Heckscher-Ohlin theory, U.S. exports were less
What is it?
A trend towards a more integrated and interdependent world economy.
What are its causes?
Political Economic Technological Social
Change in the World Economy
Self contained national econ
Question: The globalization of _ refers to the sourcing of goods and services from
locations around the globe to take advantage of national differences in the cost and quality of
production factors (such as land, labor, capital, and energy), thereby allow
Question: In this system of social stratification, the position a person has by birth can be changed
through his or her achievement or luck.
Question: These are norms that are seen as central to the functioning of a society and to its social
Question: The influential economist Jeffrey Sachs argues that, throughout history, _
states, with their long engagements in international trade, have been more supportive of market
institutions than landlocked states.
Question: One common
Question: _ technology is the driver of globalization that led to the development of
commercial aircraft and super freighters and the introduction of containerization.
Question: Most forecasts now predict a rapid rise in the share o
Question: This is the abbreviation for the international treaty that committed signatories to
lowering barriers to the free flow of goods across national borders; it is the predecessor to the
World Trade Organization.
Question: This is the ab
Question: Since _ are valued by their spiritual rather than material achievements,
promotion and adding new responsibilities may not be an employee's goal or may be unfeasible
due to the employee's caste.
Question: A(n) _ system refers to a
Question: Which approach translates into advocacy for democratic political systems and market
Question: The philosophy behind _ property laws is to reward the creator of a new
invention, book, song, clothing design, restau
Question: The _ system refers to the rules, or laws, that regulate behavior, along with the
processes by which the laws are enforced and through which redress for grievances is obtained.
Question: The _ government took over Renault car manuf
Question: This person is a Dutch social psychologist and former IBM employee who isolated
four dimensions (power distance, uncertainty avoidance, individualism versus collectivism, and
masculinity versus femininity) that he claimed summarized different cu
Question: Although the number of societies with caste systems diminished rapidly in the 20th
century, this country still makes use of the system to some extent.
Question: This hypothesis claims that slow but steady merging occurs across diff