Global business final exam Questions And Answers

Global business final exam Questions
And Answers

-bCORRECTbbANSWER-

- CORRECTbbANSWER-
b b




- CORRECTbbANSWER-
b b




Absolutebadvantageb-bCORRECTbbANSWER-
Abilitybofbabnationbtobproducebabgoodbmorebefficientlybthanbanybotherbnation

Acquisitionsb-bCORRECTbbANSWER-Anbassetborbobjectbboughtborbobtained

Administrativebdelayb-bCORRECTbbANSWER-Anboften-
satirizedbcasebofbinefficiencybinbgovernment

Agentsb-bCORRECTbbANSWER-
Individualsborborganizationsbthatbrepresentboneborbmorebindirectbexportersbinbabtargetbmark
et

Anarchismb-bCORRECTbbANSWER-
Beliefbinbthebabolitionbofballbgovernmentbandbtheborganizationbofbsocietybonbabvoluntary,bco
operativebbasisbwithoutbrecoursebtobforceborbcompulsion

Antitrustblawsb-bCORRECTbbANSWER-
Lawsbdesignedbtobpreventbcompaniesbfrombfixingbprices,bsharingbmarkets,bandbgainingbunf
airbmonopolybadvantages

Backwardbintegrationb-bCORRECTbbANSWER-Absorbsbabcompaniesboutputs

Barterb-bCORRECTbbANSWER-
Exchangebofbgoodsbandbservicesbdirectlybforbotherbgoodsborbservicesbwithoutbthebusebofbm
oney

Bondsb-bCORRECTbbANSWER-Isbanbinterest-
bearingbsecuritybthatbobligatesbthebissuerbtobpaybthebbondholderbabspecifiedbsumbofbmoney
,busuallybatbspecificbintervalsb(knownbasbabcoupon),bandbtobrepaybthebprincipalbamountbofbth
ebloanbatbmaturity.

, Bornbglobalbfirmb-bCORRECTbbANSWER-
Companybthatbadoptsbabglobalbperspectivebandbengagesbinbinternationalbbusinessbfromborb
nearbitsbinception

Buybackb-bCORRECTbbANSWER-
Exportbofbindustrialbequipmentbinbreturnbforbproductsbproducedbbybthatbequipment

Capacitybplanningb-bCORRECTbbANSWER-
Processbofbassessingbabcompany'sbabilitybtobproducebenoughboutputbtobsatisfybmarketbde
mand

Capitalismb-bCORRECTbbANSWER-
Beliefbthatbownershipbofbthebmeansbofbproductionbbelongsbinbthebhandsbofbindividualsbandb
privatebbusinesses

Castebsystemb-bCORRECTbbANSWER-
Systembofbsocialbstratificationbinbwhichbpeoplebarebbornbintobsocialbranking,borbcaste,bwithbn
obopportunitybforbsocialbmobility

Channelblengthb-bCORRECTbbANSWER-
Numberbofbindividualbentitiesbcomprisingbthebchannelbofbdistributionbbetweenbthebproducer
bandbthebconsumer




Comparativebadvantageb-bCORRECTbbANSWER-
Inabilitybofbabnationbtobproducebabgoodbmorebefficientlybthanbotherbnationsbbutbanbabilitybtob
producebthatbgoodbmorebefficientlybthanbitbdoesbanybotherbgood

Confiscationb-bCORRECTbbANSWER-
Forcedbtransferbofbassetsbfrombabcompanybtobthebgovernmentbwithoutbcompensation

Consumerbpanelsb-bCORRECTbbANSWER-
Abcompletebpicturebofbyourbconsumerbandbshopper,bshoppersbprovidebabdetailedbviewbofbpr
oductsbboughtbforbthebfamilyborbthebindividual

Corebcompetencyb-bCORRECTbbANSWER-
Specialbabilitybofbabcompanybthatbcompetitorsbfindbextremelybdifficultborbimpossiblebtobequa
l

Countertradeb-bCORRECTbbANSWER-
Practicebofbsellingbgoodsborbservicesbthatbarebpaidbfor,binbwholeborbpart,bwithbotherbgoodsba
ndbservices

Cross-functionalbteamsb-bCORRECTbbANSWER-
Abgroupbofbpeoplebwithbdifferentbfunctionalbexpertisebworkingbtowardbabcommonbgoal.bItbma
ybincludebpeoplebfrombfinance,bmarketing,boperations,bandbhumanbresourcesbdepartments