361 Exam 3
Business Administration 361 with Anderson/baker at University of Tennessee - Knoxville
About this deck
By: wesley ring
Created: 2011-04-04
Size: 32 flashcards
Views: 653
Created: 2011-04-04
Size: 32 flashcards
Views: 653
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Foreign Direct Investments
investments made for the purpose of actively controlling property, assets, or companies located in the host country
Foreign Portfolio Investments
purchases of foreign financial assets for a purpose other than control
Licensing
a contractual agreement in which a firm in one country licenses the use of its intellectual property (patents, trademarks, brand names) to a firm in a second country in return for royalty payment
Franchising
specialized form of licensing, occurs when a firm in one country authorizes a firm in a second country to utilize its operating systems as well as its brand names, trademarks, etc
Multinational Organizations
can be used to refer to not-for-profit and for-profit organizations
Core Competency
a distinctive strength or advantage that is central to a firm's operations
The Contemporary Causes of Globalization (Strategic Imperatives)
- to leverage core competencies
- to acquire resources and supplies
- to seek new markets
- to better compete with rivals
- to acquire resources and supplies
- to seek new markets
- to better compete with rivals
The Contemporary Causes of Globalization (Environmental Causes)
- changes in the political environment
- tech changes
- tech changes
Invoicing Currency
the currency in which the sale of goods and services is denominated
- the US dollar
- the US dollar
Flight Capital
money sent out of a politically or economically unstable country to one perceived as a safe haven
Keiretsu
Japanese industry is controlled by large families of interrelated companies called Keiretsu
Common Law
is based on the cumulative wisdom of judge's decisions on individual cases through history
Statutory Laws
those enacted by Legislative actions
Civil Law
a detailed listing of what is and is not permissable
Theocracy
a country that applies religious law to civil and criminal conduct
Bureaucratic Law
what the country's bureaucrats say regardless of the formal law
Sanctions
restraints against commerce with a certain country
Embargo
a comprehensive sanction against all commerce with a given country
Many technologically advanced countries control the export of so-called ____
dual-use products, which are products that can be used by civilian or military
Extraterritoriality
countries may attempt to regulate business activities that are conducted outside their borders
Nationalization
transfer ownership of resources from private to public sector
Expropriation
when the host government compensates the private owners for their losses
Confiscation
when the hose government offers no compensation
Repatriate
return to their home country
- countries can refuse this right
- countries can refuse this right
Principle of Comity
provides that a country will honor and enforce within its own territory of judgments and decisions of foreign courts with certain limitations
Arbitration
when both parties in a conflict agree to submit their cases to a private individual or body whose decision they will honor
Social Mobility
the ability of one person to move from one stratum of society to another
Lingua Franca
the dominant language
Low-Context Culture
the words the speaker uses only conveys the speaker's message to the listener
- Canada, UK, US all do this
- Canada, UK, US all do this
High-Context Culture
the context in which a conversation occurs is just as important as the words that are actually spoken, and cultural clues are important in understanding what is being communicated
- Arab countries and Asian countries do this
- Arab countries and Asian countries do this
Convertible/Hard Currency
currency that is freely tradable
Arbitrage
the riskless purchase of a product in one market for immediate resale in a second market in order to profit from a price discrepancy
About this deck
By: wesley ring
Created: 2011-04-04
Size: 32 flashcards
Views: 653
Created: 2011-04-04
Size: 32 flashcards
Views: 653
About StudyBlue
STUDYBLUE makes things that make you better at school.
Things like online flashcards with photos and audio.
Things like personalized quizzes and friendly reminders about when (and what) to study next.
Think of it as a digital backpack™: access to all of your study materials online and on your phone.
STUDYBLUE exists to make studying efficient and effective for every student, for free. Join us.
“I have been getting MUCH better grades on all my tests for school. Flash cards, notes, and quizzes are great on here. Thanks!”
Kathy
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