BUAD 2080 EXAM 1 QUESTIONS
WITH CORRECT ANSWERS
Commercial Transaction that crosses the borders of two or more nations -
ANSWER International Business
Goods and Services purchased abroad and brought into a country - ANSWER
Imports
Goods and services sold abroad and sent out of a country - ANSWER Exports
Is a business that has direct investments abroad in multiple countries -
ANSWER Multinational corporation (MNC)
a company that adopts a global perspective and engages in international
business from or near its inception - ANSWER Born global firm
Trend toward greater economic, cultural, political and technological
interdependence among national institutions and economies - ANSWER
Globalization
development that meets the needs of the present without compromising the
ability of future generations to meet their own needs - ANSWER sustainability
a treaty designed to promote free trade by reducing tariffs and non-tariff barriers
to international trade - ANSWER General Agreement on Tariffs and Trade
(GATT)
Is an agency created to regulate fixed exchange rates and to enforce the rules of
the international monetary system - ANSWER The International Monetary
Fund (IMF)
The use of computer network to do business - ANSWER E-BUsiness
, Is the national organization that enforces the rules of international trade -
ANSWER The World trade Organization (WTO)
is an agency created to provide financing for national economic development
efforts - ANSWER World Bank
the value of all goods and services provided by a countries domestic and
international activities during 1 year - ANSWER gross national product (GNP)
is the value of all goods and services produced by a domestic economy during a
1 year period - ANSWER GDP
What a culture considers "good taste" in the arts the imagery evoked by certain
expressions and the symbolism of certain colors - ANSWER Aesthetics
Positive or negative evaluations or feelings that individuals harbor towards
objects or concepts - ANSWER Attitudes
Language communicated through unspoken cues including hand gestures facial
expressions physical greetings eye contact and manipulations - ANSWER
body language
Departure of highly educated people from one profession geographic region or
nation to another - ANSWER Brain drain
social system of stratification which people are born into a social ranking with
no opportunity for social mobility - ANSWER caste system
in which personal ability and actions determine social status and mobility -
ANSWER class system
system of conveying thoughts feelings knowledge and information through
speech writing and actions - ANSWER communication
process whereby cultural traits spread from on culture to another - ANSWER
cultural diffusion
WITH CORRECT ANSWERS
Commercial Transaction that crosses the borders of two or more nations -
ANSWER International Business
Goods and Services purchased abroad and brought into a country - ANSWER
Imports
Goods and services sold abroad and sent out of a country - ANSWER Exports
Is a business that has direct investments abroad in multiple countries -
ANSWER Multinational corporation (MNC)
a company that adopts a global perspective and engages in international
business from or near its inception - ANSWER Born global firm
Trend toward greater economic, cultural, political and technological
interdependence among national institutions and economies - ANSWER
Globalization
development that meets the needs of the present without compromising the
ability of future generations to meet their own needs - ANSWER sustainability
a treaty designed to promote free trade by reducing tariffs and non-tariff barriers
to international trade - ANSWER General Agreement on Tariffs and Trade
(GATT)
Is an agency created to regulate fixed exchange rates and to enforce the rules of
the international monetary system - ANSWER The International Monetary
Fund (IMF)
The use of computer network to do business - ANSWER E-BUsiness
, Is the national organization that enforces the rules of international trade -
ANSWER The World trade Organization (WTO)
is an agency created to provide financing for national economic development
efforts - ANSWER World Bank
the value of all goods and services provided by a countries domestic and
international activities during 1 year - ANSWER gross national product (GNP)
is the value of all goods and services produced by a domestic economy during a
1 year period - ANSWER GDP
What a culture considers "good taste" in the arts the imagery evoked by certain
expressions and the symbolism of certain colors - ANSWER Aesthetics
Positive or negative evaluations or feelings that individuals harbor towards
objects or concepts - ANSWER Attitudes
Language communicated through unspoken cues including hand gestures facial
expressions physical greetings eye contact and manipulations - ANSWER
body language
Departure of highly educated people from one profession geographic region or
nation to another - ANSWER Brain drain
social system of stratification which people are born into a social ranking with
no opportunity for social mobility - ANSWER caste system
in which personal ability and actions determine social status and mobility -
ANSWER class system
system of conveying thoughts feelings knowledge and information through
speech writing and actions - ANSWER communication
process whereby cultural traits spread from on culture to another - ANSWER
cultural diffusion
