C211 - Global Economics for Managers Final Exam - All Reading

"Four Tigers" - LATEST STUDY Hong Kong, Singapore, South Korea and Taiwan 65% - LATEST STUDY What % of the world's foreign exchange transactions are in USD$? 80% - LATEST STUDY What % of the world's foreign exchange transactions are in dollars? ability-to-pay principle - LATEST STUDY the idea that taxes should be levied on a person according to how well that person can shoulder the burden Absolute Advantage - LATEST STUDY What theory has the weaknesses: when one nation is absolutely inferior there is no advice, when there are many nations it may be difficult to find an absolute advantage? absorptive capacity - LATEST STUDY The ability to recognize the value of new information, assimilate it, and apply it. accommodative strategy - LATEST STUDY A strategy characterized by some support from top managers, who may increasingly view CSR as a worthwhile endeavor. accounting profit - LATEST STUDY total revenue minus total explicit cost acquisition - LATEST STUDY A transfer of the control of operations and management from one firm (target) to another (acquirer), the former becoming a unit of the latter. acquisition premium - LATEST STUDY The difference between the acquisition price and the market value of target firms. adaptability - LATEST STUDY The ability to change supply chain configurations in response to longer-term changes in the environment and technology. Administrative policies - LATEST STUDY Bureaucratic rules that make it harder to import foreign goods. Administrative policy - LATEST STUDY Bureaucratic rules that make it harder to import foreign goods. Adverse selection - LATEST STUDY the tendency for the mix of unobserved attributes to become undesirable from the standpoint of an uninformed party