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____ are often critical to a firm’s financial health. ____ often are equally important to smaller firms.
the country in which the parent company’s headquarters is located
any other country in which the company operates
firms that have extensive involvement in international business; more precisely, firms that engage in FDI and own or control value-adding activities in more than one country
companies that are not true corporations, such as partnerships and LLCs
2 primary vehicles for conducting international business
Despite concerns over China’s slowing economic growth, investors continued to invest in Chinese stocks, creating a bubble. The bubble burst in June, and the Chinese government took actions, but they did not convince investors.
What 5 things do the countries that are the easiest to trade across borders have in common?
1. developed countries with high level of imports/exports
2. mostly democratic countries (more transparent policies)
3. members of free trade agreements
4. top 5 have almost no taxes for businesses
5. size – smaller countries have to be more open to get out of their own country due to side
What 3 things do the countries that are the hardest to trade across borders have in common?
CIA’s ____ will tell you resources a country has available.
Some of the most resource rich countries are the poorest (i.e., Iran and Iraq); why is this?
There is a correlation between ____ and economic growth.
4 uses of the CAGE model:
What 2 characteristics do most globalized countries share?
What 3 characteristics do least globalized countries share?
countries whose recent growth or prospects for future growth exceed that of traditional markets
The ____ is the currency in which sales of goods/services is dominated. The U.S. dollar is used as this for about ____ of all international transactions.
GDP is the ____ value of all ____ produced in nation during time period (usually one year)
____ countries are among the world’s most prosperous, attracting the attention of businesses eager to market their products to the region’s wealthy consumers.
The ____ is a good barometer for what companies may be willing to invest in abroad.
About one-third of the fall in the U.S.'s labor participation rate is due to ____. Changes happening right now include 3 things:
Consumer spending makes up about ____ of the nation’s GDP, so more people spending means higher GDP.
Difference between market GDP and PPP GDP measure:
Politically, ____ and ____, along with ____ are part of the British Commonwealth which means that technically the Queen of England, Elizabeth II, is the head of state for these 3 countries and she has a governor that she appoints that lives in each country. In practice, the Queen of England has no control over what happens in these countries, but they are part of the commonwealth.
____ interest rates has been compared to pushing on a string; ____ interest rates is like pulling on a string; you pull on it and it changes the economy very quickly.
It is extremely easy to get rid of inflation:
1. Allowing US residents to send more money to family remaining in Cuba
2. Easing travel restrictions between US and Cuba
3. Payment terms will be easier for the Cuban government
4. Food and medicine exempt from embargo
5. Telecom equipment will be easier to import
Four Essential Questions in International Dispute Resolution:
a legal business contract with a sovereign government and the contract was not fulfilled; at that point, you could sue the sovereign government in a US court
______ of resources will affect products made and services provided in a given country
____ is a more serious offender when it comes to lack of protection of intellectual property rights
In China, chance of proper enforcement of IP laws is less than ____%.
make components in three different countries and put together in fourth to make copying more difficult
When it comes to IP rights, " ____ have more influence than the ____” in China
In China's devaluing the currency, they likely ________. The Chinese economy has not been growing as fast as it had appeared.
inflation increases market value above historical cost
Accounts created in firm’s financial reports to record foreseeable future expenses that might affect operation
government interferes with firm’s ability to move funds into and out of country; in times of crisis, government may freeze capital flows
A society’s ____ ulture determines the rules that govern how firms operate within that society
How people are classified on the basis of birth, occupation, educational achievement, or other attributes
In August, China's central bank announced a new policy for determining the value of the renminbi, saying it would allow ____ to play a greater role. The currency dropped by ____% once the market forces were unleashed.
The devaluation of the renminbi creates ____.
Despite the problems in the Chinese job market, monthly factory wages ________. The owner of Premier Guard is considering moving part of his manufacturing operation to Texas as a way to ________ and to ________.
India’s ____ recently banned commercials that depict darker-skinned people negatively
primary delineator of cultural groups
____ is the lens through which we see and interpret the world
____ can solve some linguistic differences, but must be sensitive to subtleties/connotations and focus on translating ____, not ____.
____ communication is extremely important for success in in international business
holiday in which consumption falls during day, increases during evening
holiday in which there is a consumption boom, productivity bust
Saudi Arabia ____% Muslim, resulting in ____.
strong pressure to preserve religious traditions
Failure to accommodate religious practices/holidays can result in these 4 negative consequences:
Who gets the most vacation?
Dutch researcher Geert Hofstede has been criticized for ____ and his ____ but still remains largest, most comprehensive work of its kind
authority accepted based on person’s position
less importance placed on person’s formal position in hierarchy
____ behavior: Value material possessions, money, assertiveness
____ behavior: Value social relationships, quality of life, concern for others
______: Value hard work, dedication, perseverance, thrift to plan for future (in regards to 6 dimensions)
IMF commodity price indices shows that since 2012 there has been a definite ____ trend; sharp this year.
2 things the dropping commodity prices indicate:
1. Dropping metal commodity prices indicates the strength and stability of the U.S. dollar
2. These dropping commodity prices also indicate the sluggishness we are seeing in the global economy outside of the U.S.
____ refers to individuals, while ____ refers to relationship between an organization and its environment.
an individual’s personal beliefs about whether a decision, behavior, or action is right or wrong
behavior that conforms to generally accepted social norms
Ethics can vary ____ and ____
A Chinese social concept based on the exchange of favors, in which personal relationships are considered more important than laws and written agreements
cause associated with their company; for instance, buy one pair of shoes and one pair is donated to those in need
a consortia of private companies that are getting together to provide transparency about carbons they put into the environment
internal departments ensure firm follows laws related to HR, finance, human rights, etc.
create internal structures to ensure ethical behavior (committees, guidelines/codes, ethics training)
Interplay between state, market, and civil society leads to ____ and ____, including acceptable business behaviors and practices
Bars U.S. firms and employees from bribing foreign government officials to gain/retain business
Foreign Corrupt Practices Act – passed 1977
U.K. ____, passed in 2010, is international regulation for ethics and social responsibility
A. Chinese authorities impose lengthy delays on businesses seeking food licenses and often deny those licenses completely.
Japanese negotiators are likely to make ____ Latin American negotiators are likely to ____.
B. A way to assure oneself that a translated phrase is correct when translated back into the original language.
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