C211 (Global Economics for Managers) ALL
READING FINAL EXAM STUDY GUIDE WESTERN
GOVERNORS UNIVERSITY.
Reserve requirements
✔✔regulations on the minimum amount of reserves that banks must hold
against deposits
reserves
✔✔deposits that banks have received but have not loaned out
resource mobility
✔✔Assumption that a resource used in producing a product for one industry
can be shifted and put to use in another industry.
Resource similarity
✔✔The extent to which a given competitor possesses strategic endowment
comparable, in terms of both type and amount, to those of the focal firm.
resource-based view
✔✔A leading perspective in global business that posits that firm
performance is fundamentally driven by differences in firm-specific
resources and capabilities.
,Resources
✔✔The tangible and intangible assets a firm uses to choose and implement
its strategies.
reverse innovation
✔✔An innovation that is adopted first in emerging economies and is then
diffused around the world.
risk aversion
✔✔a dislike of uncertainty
risk management
✔✔The identification and assessment of risks and the preparation to
minimize the impact of high-risk, unfortunate events.
rivalry in consumption
✔✔the property of a good whereby one person's use diminishes other
people's use
sacrifice ratio
✔✔the number of percentage points of annual output lost in the process of
reducing inflation by point
scale of entry
✔✔The amount of resources committed to entering a foreign market.
,Scarcity
✔✔the limited nature of society's resources
scenario planning
✔✔A technique to prepare and plan for multiple scenarios (either high or
low risk).
Schengen
✔✔A passport-free travel zone within the EU.
Screening
✔✔an action taken by an uninformed party to induce an informed party to
reveal information
Secondary stakeholder groups
✔✔Those who influence or affect, or are influenced or affected by, the
corporation but are not engaged in transactions with the firm and are not
essential for its survival.
Semiglobalization
✔✔A perspective that suggests that barriers to market integration at
borders are high, but not high enough to insulate countries from each other
completely.
separation of ownership and control
✔✔The dispersal of ownership among many small shareholders, in which
, control is largely concentrated in the hands of salaried, professional
managers who own little (or no) equity.
Serial entrepreneur
✔✔An entrepreneur who starts, grows, and sells several businesses
throughout his/her career.
Services
✔✔Intangible services being traded.
Shareholder
✔✔Firm owner.
shareholder capitalism
✔✔A view of capitalism that suggest that the most fundamental purpose for
firms to exist is to serve the economic interests of shareholders (also known
as capitalists).
Shareholders
✔✔Firm owner.
shoeleather cost
✔✔the resources wasted when inflation encourages people to reduce their
money holdings
READING FINAL EXAM STUDY GUIDE WESTERN
GOVERNORS UNIVERSITY.
Reserve requirements
✔✔regulations on the minimum amount of reserves that banks must hold
against deposits
reserves
✔✔deposits that banks have received but have not loaned out
resource mobility
✔✔Assumption that a resource used in producing a product for one industry
can be shifted and put to use in another industry.
Resource similarity
✔✔The extent to which a given competitor possesses strategic endowment
comparable, in terms of both type and amount, to those of the focal firm.
resource-based view
✔✔A leading perspective in global business that posits that firm
performance is fundamentally driven by differences in firm-specific
resources and capabilities.
,Resources
✔✔The tangible and intangible assets a firm uses to choose and implement
its strategies.
reverse innovation
✔✔An innovation that is adopted first in emerging economies and is then
diffused around the world.
risk aversion
✔✔a dislike of uncertainty
risk management
✔✔The identification and assessment of risks and the preparation to
minimize the impact of high-risk, unfortunate events.
rivalry in consumption
✔✔the property of a good whereby one person's use diminishes other
people's use
sacrifice ratio
✔✔the number of percentage points of annual output lost in the process of
reducing inflation by point
scale of entry
✔✔The amount of resources committed to entering a foreign market.
,Scarcity
✔✔the limited nature of society's resources
scenario planning
✔✔A technique to prepare and plan for multiple scenarios (either high or
low risk).
Schengen
✔✔A passport-free travel zone within the EU.
Screening
✔✔an action taken by an uninformed party to induce an informed party to
reveal information
Secondary stakeholder groups
✔✔Those who influence or affect, or are influenced or affected by, the
corporation but are not engaged in transactions with the firm and are not
essential for its survival.
Semiglobalization
✔✔A perspective that suggests that barriers to market integration at
borders are high, but not high enough to insulate countries from each other
completely.
separation of ownership and control
✔✔The dispersal of ownership among many small shareholders, in which
, control is largely concentrated in the hands of salaried, professional
managers who own little (or no) equity.
Serial entrepreneur
✔✔An entrepreneur who starts, grows, and sells several businesses
throughout his/her career.
Services
✔✔Intangible services being traded.
Shareholder
✔✔Firm owner.
shareholder capitalism
✔✔A view of capitalism that suggest that the most fundamental purpose for
firms to exist is to serve the economic interests of shareholders (also known
as capitalists).
Shareholders
✔✔Firm owner.
shoeleather cost
✔✔the resources wasted when inflation encourages people to reduce their
money holdings
