BUSI 303 (BUSI 303)

Apportionment - Answer Costs allocated to a specific segment of a project by using a % of planned total cost. Bottom-up Estimates - Answer Detailed estimates of work packages usually made by those who are most familiar with the task (also called micro estimates). Delphi Method - Answer A group method to predict future events - e.g., time, cost. Direct Costs - Answer Costs that are clearly charged to a specific work package (usually labor, materials, or equipment). Functio...

means by which governments can block open trade within a country's borders. these requirements can hinder foreign exports from reaching a nation or from being purchased in the domestic market and place restrictions on domestic businesses. - Answer local content requirements most US states have developed special government agencies to partner with constituent companies to do business overseas - Answer true provides a minimum protection of property rights that are independent of the...

Cross Rates - Answer Have to be calculated when parties are conducting a trade in currency other than USD. Direct Quotation - Answer Value of foreign currency in domestic country. Devaluation - Answer Deliberate downward adjustment in the official exchange rate. FX Swap - Answer Simultaneous purchase and sale of a currency for different delivery dates. World Bank - Answer Helps finance economic development in poor countries. Foreign Exchange Market - Answer Curre...

The industrial revolution heralded the introduction of which of the following? Mass production Improved transportation Technological progress All of the above - Answer All of the above Economic health is considered positive when a country exports considerably more than it imports? - Answer True A global business must consider the differences of scope, economic health, cultural influences, and management skills from a domestic business? - Answer FALSE Which of the following i...

preferential trade areas - Answer Africa, Pacific, Caribbean Pact; Lomé Convention ACP - Answer A Preferential Trade Area that includes Africa, the Pacific, and the Caribbean Mercosur - Answer custom union Established in 1991 Created to promote economic growth and integration through reduction of tariffs and free flow of goods trading bloc - Answer committed to officiate and develop trade activities for signatory nations NAFTA - Answer was signed by the presidents o...

international monetary fund (IMF) - Answer maintain order in the global monetary system Future Positions - Answer require a margin deposit to be posted and maintained daily Speculation - Answer Traders take risks as they buy/sell currencies based on predicted rise/fall in the price of the given currency FX swap - Answer Simultaneous purchase and the sale of a currency for different delivery dates Currency Board - Answer Monetary authority for a country/operates like a ...

Successful global managers have an understanding of how to appraise and adjust to the requirements of doing business in a culture different from their own. - Answer False Addresses determinants of an economy's performance that directly impacts a company and have resonating long term effects. - Answer Economic Factors The global strategic planning process is complex, but does not entail as many factors, variables, challenges, and risks as domestic strategic planning. - Answer Fa...

direct quotation - Answer exchange rate of a foreign currency in domestic currency units indirect quotation - Answer express the value of domestic currency in foreign currency and is not as common volatility - Answer represents the possibility of a change in exchange rates projected over a year devaluation - Answer deliberate downward adjustment in the official exchange rate revaluation - Answer Upward change in the currency's value over the counter market - Answ...

BUSI 303 Test 1 questions and answers graded A+ already passed

Busi 303 Quiz 1 Review (updated) questions with answers