K
C
LO
YC
DAVIS D270 FINAL
EXAMINATION PRACTICE
D
QUESTIONS AND CORRECT
U
DETAILED ANSWERS LATEST
ST
UPDATE
,North Korea bans women from wearing blank after deeming them 'capitalist fashion'
(but men can still wear them) - ANS shorts
Beating expectations, Indonesia's economy grows 5 percent in Q4, why? - ANS
"Because our COVID cases were high in the third quarter, people's mobility was
restricted and economic activity slowed down ... all activities, by the government and the
private sector, resumed in the fourth quarter," said Margo Yuwono, head of Statistics
Indonesia.
K
A highly efficient and clean market may not necessarily be the most attractive for blank -
C
ANS expansion
A blank market may not always be highly attractive for expansion - ANS large
LO
The world no longer revolves around the USA. why? - ANS Emerging Markets may
soon overpower the USA economically
Economic Freedom is critical for business. why? - ANS It leads to a higher standard of
YC
living and can foster entrepreneurship, growth, and competitiveness.
Why are countries so poor? - ANS The reason why some countries are rich and
others poor depends on many things, including the quality of their institutions, the
culture they have, the natural resources they find and what latitude they're on.
D
Economic Issues for International Businesses:
U
Ø What is the level of development of a particular economy? - ANS § What is the size,
growth potential, and stability of the market?
ST
Economic Issues for International Businesses:
ØWhat type of economic system does the country have? - ANS §Does the
government view foreign capital as competition with or in partnership with public or local
private enterprises?
Economic Issues for International Businesses:
Ø Is the company's industry in that country's public or private sector? - ANS §If public,
does the government allow private competition?
§If private, is it moving towards public ownership?
,-Get a sense of competition or if you as an industry are competing against other
businesses or country; airlines for specific country owned business, changes the ways
things work
Economic Issues for International Businesses:
Ø How does the government control the nature and extent of private enterprise?
ØHow will doing business there affect our firm?
ØWhat adjustments does a particular Environment require? - ANS How other
countries view you if you open and start selling in a country; Ford if they sold cars in
russia... NO
K
Why study the economic environment? - ANS Because it helps you gain perspective,
C
gives you another thing to look at for the business, economics is the works of all
businesses, if you want to move or travel there; know your demographic, average
income
market
LO
Why Study the Economic Environment? list - ANS -Economic systems shape a
-Better investment choices
-Operating decisions
YC
-Policy decisions
-Better returns / less risk
Who is who in the global business environment? - ANS -How do we classify the broad
classes of countries?
D
- What is the difference among them?
U
Developed Economies - ANS q Efficient capital movement: Money moves easily in a
developed country
-higher economic and political freedom; rule of law
ST
q Stable institutions: Stable: 911 will always come, hospitals open24/7
q Infrastructure
q International trade and investments
q Technology
q Higher or lower economic freedom?
q Higher or lower political freedom?
q Rule of law or rule of man?
Developing economies - ANS q Uneven
q Corruption
, q Lower incomes
q Resistance to foreign ownership
q Lower literacy levels, poor public hygiene and nutrition
q Higher or lower economic freedom?: lower
q Higher or lower political freedom?: lower
q Rule of law or rule of man?: rule of man
Economies in transition? Emerging economies - ANS qAccelerating growth:You can
double work force when you employ more people, especially from other countries
q Modernizing
K
q Market liberalization
q Exports
C
q FDI
q Middle class, expanding consumption, pro business
q Higher or lower economic freedom?: higher
LO
q Higher or lower political freedom?: higher
q Rule of law or rule of man? Law?
G20 countries - ANS qPremier international forum for global economic cooperation.
q 86% of the world economy
YC
q 78% of global trade
q 66% of the world's population
q And more than half of the world's poor
BRICs? Big Emerging Markets (BEMs). What do they have in common? - ANS Brazil,
D
Russia, Israel china; combined gdp is that of the USA
Mixed records of human rights and; far surpasses economic expectations; it is
U
expanding currently
Commonalities of Big Emerging Markets (BEMs) - ANS qTerritory
ST
q Population
q Natural resources, increased consumption
q Liberalization - FDI
q Infrastructure needs
q Aspirations of technological leadership
q Political influence
Emerging Economies at a Glance - ANS qAlmost 6 Billion people
q Account for 60% of global GDP,
up from 36% in 1980 and 50% in 2006
C
LO
YC
DAVIS D270 FINAL
EXAMINATION PRACTICE
D
QUESTIONS AND CORRECT
U
DETAILED ANSWERS LATEST
ST
UPDATE
,North Korea bans women from wearing blank after deeming them 'capitalist fashion'
(but men can still wear them) - ANS shorts
Beating expectations, Indonesia's economy grows 5 percent in Q4, why? - ANS
"Because our COVID cases were high in the third quarter, people's mobility was
restricted and economic activity slowed down ... all activities, by the government and the
private sector, resumed in the fourth quarter," said Margo Yuwono, head of Statistics
Indonesia.
K
A highly efficient and clean market may not necessarily be the most attractive for blank -
C
ANS expansion
A blank market may not always be highly attractive for expansion - ANS large
LO
The world no longer revolves around the USA. why? - ANS Emerging Markets may
soon overpower the USA economically
Economic Freedom is critical for business. why? - ANS It leads to a higher standard of
YC
living and can foster entrepreneurship, growth, and competitiveness.
Why are countries so poor? - ANS The reason why some countries are rich and
others poor depends on many things, including the quality of their institutions, the
culture they have, the natural resources they find and what latitude they're on.
D
Economic Issues for International Businesses:
U
Ø What is the level of development of a particular economy? - ANS § What is the size,
growth potential, and stability of the market?
ST
Economic Issues for International Businesses:
ØWhat type of economic system does the country have? - ANS §Does the
government view foreign capital as competition with or in partnership with public or local
private enterprises?
Economic Issues for International Businesses:
Ø Is the company's industry in that country's public or private sector? - ANS §If public,
does the government allow private competition?
§If private, is it moving towards public ownership?
,-Get a sense of competition or if you as an industry are competing against other
businesses or country; airlines for specific country owned business, changes the ways
things work
Economic Issues for International Businesses:
Ø How does the government control the nature and extent of private enterprise?
ØHow will doing business there affect our firm?
ØWhat adjustments does a particular Environment require? - ANS How other
countries view you if you open and start selling in a country; Ford if they sold cars in
russia... NO
K
Why study the economic environment? - ANS Because it helps you gain perspective,
C
gives you another thing to look at for the business, economics is the works of all
businesses, if you want to move or travel there; know your demographic, average
income
market
LO
Why Study the Economic Environment? list - ANS -Economic systems shape a
-Better investment choices
-Operating decisions
YC
-Policy decisions
-Better returns / less risk
Who is who in the global business environment? - ANS -How do we classify the broad
classes of countries?
D
- What is the difference among them?
U
Developed Economies - ANS q Efficient capital movement: Money moves easily in a
developed country
-higher economic and political freedom; rule of law
ST
q Stable institutions: Stable: 911 will always come, hospitals open24/7
q Infrastructure
q International trade and investments
q Technology
q Higher or lower economic freedom?
q Higher or lower political freedom?
q Rule of law or rule of man?
Developing economies - ANS q Uneven
q Corruption
, q Lower incomes
q Resistance to foreign ownership
q Lower literacy levels, poor public hygiene and nutrition
q Higher or lower economic freedom?: lower
q Higher or lower political freedom?: lower
q Rule of law or rule of man?: rule of man
Economies in transition? Emerging economies - ANS qAccelerating growth:You can
double work force when you employ more people, especially from other countries
q Modernizing
K
q Market liberalization
q Exports
C
q FDI
q Middle class, expanding consumption, pro business
q Higher or lower economic freedom?: higher
LO
q Higher or lower political freedom?: higher
q Rule of law or rule of man? Law?
G20 countries - ANS qPremier international forum for global economic cooperation.
q 86% of the world economy
YC
q 78% of global trade
q 66% of the world's population
q And more than half of the world's poor
BRICs? Big Emerging Markets (BEMs). What do they have in common? - ANS Brazil,
D
Russia, Israel china; combined gdp is that of the USA
Mixed records of human rights and; far surpasses economic expectations; it is
U
expanding currently
Commonalities of Big Emerging Markets (BEMs) - ANS qTerritory
ST
q Population
q Natural resources, increased consumption
q Liberalization - FDI
q Infrastructure needs
q Aspirations of technological leadership
q Political influence
Emerging Economies at a Glance - ANS qAlmost 6 Billion people
q Account for 60% of global GDP,
up from 36% in 1980 and 50% in 2006
