D080 Managing in a Global Business
Environment
AAA ratings - ANS-The highest possible rating that may be assigned by a credit rating
agency for a bond
absolute quota - ANS-A quota that strictly limits the quantity of goods that may enter a
country.
Ad valorem tariffs - ANS-Import taxes based on a fixed percentage of the assessed
commercial value of imported goods
agility - ANS-Ability to move quickly and flexibly
algorithms - ANS-A process or set of rules to be followed in calculations especially by a
computer
antimonopoly laws - ANS-See antitrust laws.
antitrust laws - ANS-Consumer protection policy used to limit unfair business practices
related to competition and control of prices
Apple Inc. vs. Pepper - ANS-Antitrust court case in which a group of iPhone users have
accused Apple of monopolistic practices via the App store
artificial intelligence (AI) - ANS-Any type of computer that engages in humanlike
activities
assets - ANS-A useful or valuable thing; something you own such as building, inventory,
or cash
autarky - ANS-A political or economic system that becomes self-sufficient to survive.
balance of payments - ANS-The difference in total value between payments into and out
of the country over a period of time
,barriers to entry - ANS-The obstacles that make it difficult for a new company to enter a
given market. These barriers may include technology challenges, high start-up costs, or
government regulations
brand - ANS-A type of product made by a particular company under a particular name
broadband - ANS-Any type of high-speed wired or wireless communication
Business ethics - ANS-The contemporary standards or sets of values that govern the
actions and behavior of individuals in the business organization and the actions of the
business itself
centralization - ANS-The degree to which decision-making authority is concentrated at
higher levels in an organization and business functions controlled in a central location
centralized companies - ANS-Companies with structures that limit decision-making to
higher levels in the organizational hierarchy
Chief Information Officers - ANS-An executive with responsibility for managing all
information resources in an organization
collateral - ANS-Something pledged as security for repayment of a loan to be forfeited in
the event of a default
collective environment - ANS-Understanding that the environment not only belongs to
everyone to enjoy but is also everyone's shared responsibility
collectivist - ANS-Focused on the good of the group or society over the individual
colonialism - ANS-The policy or practice of acquiring full or partial political control over
another country to exploit it economically
commodities - ANS-A raw material or primary agricultural product that can be bought or
sold
compensation - ANS-What an employee is paid in exchange for work
competition laws - ANS-See antitrust laws.
, Compound tariffs - ANS-Taxes on imported goods that are a combination of a fixed
amount and an amount based on the value of the goods
conflict of interest (COI) - ANS-Ethical challenges in which multiple interests are at
conflict with one another
conglomerates - ANS-Large corporations made up of several combined companies,
often formed through mergers and takeovers
Contracts - ANS-A legally enforceable promise
copyright - ANS-Form of protection provided by the laws of the United States to the
authors of "original works of authorship," including literary, dramatic, musical, artistic,
and certain other intellectual works
copyrights - ANS-A government authority or license giving the owner of an invention the
right to exclude others from making or selling the invention for a set period of time
Corporate social responsibility (CSR) - ANS-A company's obligations to society,
including a wide range of stakeholders: people and places affected by company
activities
country-of-origin effect - ANS-The effect the consumer's perception or opinion of the
country where a product is made has on the consumer's perception or opinion of the
product itself
crowdsourcing - ANS-Enlisting the help of a large number of people, often via the
internet
cultural agility - ANS-the ability to understand multiple local contexts and work within
them to obtain consistent business results.
cultural dimensions - ANS-A framework for cross-cultural communication, developed by
Geert Hofstede that shows the effects of a society's culture on the values of its
members, and how these values relate to behavior.
Cultural norms - ANS-Shared, sanctioned, and integrated systems of beliefs and
practices that are passed down through generations and characterize a cultural group
culture - ANS-The beliefs, values, mind-sets, and practices of a group of people
Environment
AAA ratings - ANS-The highest possible rating that may be assigned by a credit rating
agency for a bond
absolute quota - ANS-A quota that strictly limits the quantity of goods that may enter a
country.
Ad valorem tariffs - ANS-Import taxes based on a fixed percentage of the assessed
commercial value of imported goods
agility - ANS-Ability to move quickly and flexibly
algorithms - ANS-A process or set of rules to be followed in calculations especially by a
computer
antimonopoly laws - ANS-See antitrust laws.
antitrust laws - ANS-Consumer protection policy used to limit unfair business practices
related to competition and control of prices
Apple Inc. vs. Pepper - ANS-Antitrust court case in which a group of iPhone users have
accused Apple of monopolistic practices via the App store
artificial intelligence (AI) - ANS-Any type of computer that engages in humanlike
activities
assets - ANS-A useful or valuable thing; something you own such as building, inventory,
or cash
autarky - ANS-A political or economic system that becomes self-sufficient to survive.
balance of payments - ANS-The difference in total value between payments into and out
of the country over a period of time
,barriers to entry - ANS-The obstacles that make it difficult for a new company to enter a
given market. These barriers may include technology challenges, high start-up costs, or
government regulations
brand - ANS-A type of product made by a particular company under a particular name
broadband - ANS-Any type of high-speed wired or wireless communication
Business ethics - ANS-The contemporary standards or sets of values that govern the
actions and behavior of individuals in the business organization and the actions of the
business itself
centralization - ANS-The degree to which decision-making authority is concentrated at
higher levels in an organization and business functions controlled in a central location
centralized companies - ANS-Companies with structures that limit decision-making to
higher levels in the organizational hierarchy
Chief Information Officers - ANS-An executive with responsibility for managing all
information resources in an organization
collateral - ANS-Something pledged as security for repayment of a loan to be forfeited in
the event of a default
collective environment - ANS-Understanding that the environment not only belongs to
everyone to enjoy but is also everyone's shared responsibility
collectivist - ANS-Focused on the good of the group or society over the individual
colonialism - ANS-The policy or practice of acquiring full or partial political control over
another country to exploit it economically
commodities - ANS-A raw material or primary agricultural product that can be bought or
sold
compensation - ANS-What an employee is paid in exchange for work
competition laws - ANS-See antitrust laws.
, Compound tariffs - ANS-Taxes on imported goods that are a combination of a fixed
amount and an amount based on the value of the goods
conflict of interest (COI) - ANS-Ethical challenges in which multiple interests are at
conflict with one another
conglomerates - ANS-Large corporations made up of several combined companies,
often formed through mergers and takeovers
Contracts - ANS-A legally enforceable promise
copyright - ANS-Form of protection provided by the laws of the United States to the
authors of "original works of authorship," including literary, dramatic, musical, artistic,
and certain other intellectual works
copyrights - ANS-A government authority or license giving the owner of an invention the
right to exclude others from making or selling the invention for a set period of time
Corporate social responsibility (CSR) - ANS-A company's obligations to society,
including a wide range of stakeholders: people and places affected by company
activities
country-of-origin effect - ANS-The effect the consumer's perception or opinion of the
country where a product is made has on the consumer's perception or opinion of the
product itself
crowdsourcing - ANS-Enlisting the help of a large number of people, often via the
internet
cultural agility - ANS-the ability to understand multiple local contexts and work within
them to obtain consistent business results.
cultural dimensions - ANS-A framework for cross-cultural communication, developed by
Geert Hofstede that shows the effects of a society's culture on the values of its
members, and how these values relate to behavior.
Cultural norms - ANS-Shared, sanctioned, and integrated systems of beliefs and
practices that are passed down through generations and characterize a cultural group
culture - ANS-The beliefs, values, mind-sets, and practices of a group of people
