WGU - Managing a Global Business Environment D080
Study online at https://quizlet.com/_jrzz09
1. absolute quota Quota that strictly limits the quantity of goods that may enter a country
2. acquisition The act of taking over ownership or controlling a business
3. Ad valorem tar- Import taxes based on a fixed percentage of the assessed commercial value of
iffs imported goods
4. antitrust laws, Consumer protection policy used to limit unfair business practices related to
antimonopoly competition and control of prices
laws,
competition laws
5. autarky A political or economic system that becomes self-sufficient to survive
6. centralized com- Companies with structures that limit decision-making to higher levels in the
panies organizational hierarchy
7. collectivist Focused on the good of the group or society over the individual
8. Compound tar- Taxes on imported goods that are a combination of a fixed amount and an amount
iffs based on the value of the goods
9. conglomerates Large corporations made up of several combined companies, often formed
through mergers and takeovers
10. convertible A currency that can be used to buy or sell without government restrictions
11. Countervailing Import taxes imposed on certain goods to prevent dumping or counter export
duties subsidies
12. Currency futures Contracts that require the exchange of a specific amount of currency at a specific
contracts future date and at a specific exchange rate
13. Currency option The option or the right to exchange a specific amount of currency on a specific
contracts future date and at a specific agreed-on rate
, WGU - Managing a Global Business Environment D080
WGU - Managing a Global Business Environment D080
Study online at https://quizlet.com/_jrzz09
14. Currency risk The risk of a change in the exchange rate that will have an adverse effect.
15. Currency swap A simultaneous buy and sell of a currency for two different dates
contracts
16. Current-rate A method of foreign currency translation that translates items on financial state-
method ments at the current exchange rate
17. Customer Organizing a company's people, tasks, and resources based on the type of cus-
departmentaliza- tomer served
tion
18. data mining A class of sophisticated database applications that look for hidden patterns in a
group of data to help track and predict future behavior
19. databases An electronic filing system that collects and organizes data and information
20. decentralized Companies with structures that distribute the authority to make decisions to lower
companies levels of employees who are closer to the problem
21. departmentaliza- Grouping a business's people, tasks, and resources into units
tion
22. digital divide The inequality between groups to access knowledge and use of information in
communication technologies
23. Divisional struc- An organizational structure grouping employees into departments based on
ture products, processes, or geographic regions
24. DNS blocking A strategy that makes it difficult for users to locate specific domains or websites
on the internet
25. domestic Related to home or place of origin