Global business final exam Questions
And Answers
-bCORRECTbbANSWER-
- CORRECTbbANSWER-
b b
- CORRECTbbANSWER-
b b
Absolutebadvantageb-bCORRECTbbANSWER-
Abilitybofbabnationbtobproducebabgoodbmorebefficientlybthanbanybotherbnation
Acquisitionsb-bCORRECTbbANSWER-Anbassetborbobjectbboughtborbobtained
Administrativebdelayb-bCORRECTbbANSWER-Anboften-
satirizedbcasebofbinefficiencybinbgovernment
Agentsb-bCORRECTbbANSWER-
Individualsborborganizationsbthatbrepresentboneborbmorebindirectbexportersbinbabtargetbmark
et
Anarchismb-bCORRECTbbANSWER-
Beliefbinbthebabolitionbofballbgovernmentbandbtheborganizationbofbsocietybonbabvoluntary,bco
operativebbasisbwithoutbrecoursebtobforceborbcompulsion
Antitrustblawsb-bCORRECTbbANSWER-
Lawsbdesignedbtobpreventbcompaniesbfrombfixingbprices,bsharingbmarkets,bandbgainingbunf
airbmonopolybadvantages
Backwardbintegrationb-bCORRECTbbANSWER-Absorbsbabcompaniesboutputs
Barterb-bCORRECTbbANSWER-
Exchangebofbgoodsbandbservicesbdirectlybforbotherbgoodsborbservicesbwithoutbthebusebofbm
oney
Bondsb-bCORRECTbbANSWER-Isbanbinterest-
bearingbsecuritybthatbobligatesbthebissuerbtobpaybthebbondholderbabspecifiedbsumbofbmoney
,busuallybatbspecificbintervalsb(knownbasbabcoupon),bandbtobrepaybthebprincipalbamountbofbth
ebloanbatbmaturity.
, Bornbglobalbfirmb-bCORRECTbbANSWER-
Companybthatbadoptsbabglobalbperspectivebandbengagesbinbinternationalbbusinessbfromborb
nearbitsbinception
Buybackb-bCORRECTbbANSWER-
Exportbofbindustrialbequipmentbinbreturnbforbproductsbproducedbbybthatbequipment
Capacitybplanningb-bCORRECTbbANSWER-
Processbofbassessingbabcompany'sbabilitybtobproducebenoughboutputbtobsatisfybmarketbde
mand
Capitalismb-bCORRECTbbANSWER-
Beliefbthatbownershipbofbthebmeansbofbproductionbbelongsbinbthebhandsbofbindividualsbandb
privatebbusinesses
Castebsystemb-bCORRECTbbANSWER-
Systembofbsocialbstratificationbinbwhichbpeoplebarebbornbintobsocialbranking,borbcaste,bwithbn
obopportunitybforbsocialbmobility
Channelblengthb-bCORRECTbbANSWER-
Numberbofbindividualbentitiesbcomprisingbthebchannelbofbdistributionbbetweenbthebproducer
bandbthebconsumer
Comparativebadvantageb-bCORRECTbbANSWER-
Inabilitybofbabnationbtobproducebabgoodbmorebefficientlybthanbotherbnationsbbutbanbabilitybtob
producebthatbgoodbmorebefficientlybthanbitbdoesbanybotherbgood
Confiscationb-bCORRECTbbANSWER-
Forcedbtransferbofbassetsbfrombabcompanybtobthebgovernmentbwithoutbcompensation
Consumerbpanelsb-bCORRECTbbANSWER-
Abcompletebpicturebofbyourbconsumerbandbshopper,bshoppersbprovidebabdetailedbviewbofbpr
oductsbboughtbforbthebfamilyborbthebindividual
Corebcompetencyb-bCORRECTbbANSWER-
Specialbabilitybofbabcompanybthatbcompetitorsbfindbextremelybdifficultborbimpossiblebtobequa
l
Countertradeb-bCORRECTbbANSWER-
Practicebofbsellingbgoodsborbservicesbthatbarebpaidbfor,binbwholeborbpart,bwithbotherbgoodsba
ndbservices
Cross-functionalbteamsb-bCORRECTbbANSWER-
Abgroupbofbpeoplebwithbdifferentbfunctionalbexpertisebworkingbtowardbabcommonbgoal.bItbma
ybincludebpeoplebfrombfinance,bmarketing,boperations,bandbhumanbresourcesbdepartments
And Answers
-bCORRECTbbANSWER-
- CORRECTbbANSWER-
b b
- CORRECTbbANSWER-
b b
Absolutebadvantageb-bCORRECTbbANSWER-
Abilitybofbabnationbtobproducebabgoodbmorebefficientlybthanbanybotherbnation
Acquisitionsb-bCORRECTbbANSWER-Anbassetborbobjectbboughtborbobtained
Administrativebdelayb-bCORRECTbbANSWER-Anboften-
satirizedbcasebofbinefficiencybinbgovernment
Agentsb-bCORRECTbbANSWER-
Individualsborborganizationsbthatbrepresentboneborbmorebindirectbexportersbinbabtargetbmark
et
Anarchismb-bCORRECTbbANSWER-
Beliefbinbthebabolitionbofballbgovernmentbandbtheborganizationbofbsocietybonbabvoluntary,bco
operativebbasisbwithoutbrecoursebtobforceborbcompulsion
Antitrustblawsb-bCORRECTbbANSWER-
Lawsbdesignedbtobpreventbcompaniesbfrombfixingbprices,bsharingbmarkets,bandbgainingbunf
airbmonopolybadvantages
Backwardbintegrationb-bCORRECTbbANSWER-Absorbsbabcompaniesboutputs
Barterb-bCORRECTbbANSWER-
Exchangebofbgoodsbandbservicesbdirectlybforbotherbgoodsborbservicesbwithoutbthebusebofbm
oney
Bondsb-bCORRECTbbANSWER-Isbanbinterest-
bearingbsecuritybthatbobligatesbthebissuerbtobpaybthebbondholderbabspecifiedbsumbofbmoney
,busuallybatbspecificbintervalsb(knownbasbabcoupon),bandbtobrepaybthebprincipalbamountbofbth
ebloanbatbmaturity.
, Bornbglobalbfirmb-bCORRECTbbANSWER-
Companybthatbadoptsbabglobalbperspectivebandbengagesbinbinternationalbbusinessbfromborb
nearbitsbinception
Buybackb-bCORRECTbbANSWER-
Exportbofbindustrialbequipmentbinbreturnbforbproductsbproducedbbybthatbequipment
Capacitybplanningb-bCORRECTbbANSWER-
Processbofbassessingbabcompany'sbabilitybtobproducebenoughboutputbtobsatisfybmarketbde
mand
Capitalismb-bCORRECTbbANSWER-
Beliefbthatbownershipbofbthebmeansbofbproductionbbelongsbinbthebhandsbofbindividualsbandb
privatebbusinesses
Castebsystemb-bCORRECTbbANSWER-
Systembofbsocialbstratificationbinbwhichbpeoplebarebbornbintobsocialbranking,borbcaste,bwithbn
obopportunitybforbsocialbmobility
Channelblengthb-bCORRECTbbANSWER-
Numberbofbindividualbentitiesbcomprisingbthebchannelbofbdistributionbbetweenbthebproducer
bandbthebconsumer
Comparativebadvantageb-bCORRECTbbANSWER-
Inabilitybofbabnationbtobproducebabgoodbmorebefficientlybthanbotherbnationsbbutbanbabilitybtob
producebthatbgoodbmorebefficientlybthanbitbdoesbanybotherbgood
Confiscationb-bCORRECTbbANSWER-
Forcedbtransferbofbassetsbfrombabcompanybtobthebgovernmentbwithoutbcompensation
Consumerbpanelsb-bCORRECTbbANSWER-
Abcompletebpicturebofbyourbconsumerbandbshopper,bshoppersbprovidebabdetailedbviewbofbpr
oductsbboughtbforbthebfamilyborbthebindividual
Corebcompetencyb-bCORRECTbbANSWER-
Specialbabilitybofbabcompanybthatbcompetitorsbfindbextremelybdifficultborbimpossiblebtobequa
l
Countertradeb-bCORRECTbbANSWER-
Practicebofbsellingbgoodsborbservicesbthatbarebpaidbfor,binbwholeborbpart,bwithbotherbgoodsba
ndbservices
Cross-functionalbteamsb-bCORRECTbbANSWER-
Abgroupbofbpeoplebwithbdifferentbfunctionalbexpertisebworkingbtowardbabcommonbgoal.bItbma
ybincludebpeoplebfrombfinance,bmarketing,boperations,bandbhumanbresourcesbdepartments
