BUSI 3250 FINAL EXAM (CH. 7-9)
QUESTIONS AND ANSWERS GRADED A+
2026
Foreign environment - ANS all the uncontrollable forces originating outside the home country
that surround and influence the firm
Foreign Interactions - ANS interaction between domestic and foreign environmental forces or
between sets of foreign environmental forces
gross domestic product (GDP) - ANS total monetary value of all goods and services produced
within a nation
Gross National Income (GNI) - ANS total value of all income generated by the residents of a
nation, including both the domestic production of goods and services and income from abroad
high-income economies - ANS GNI per capital of $12,056 or more
middle-income economies - ANS GNI per capita between $995 and $12,056
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
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, low-income economies - ANS GNI per capita of $995 or less
upper-middle income economies - ANS GNI per capita between $3,896 and $12,055
lower-middle income economies - ANS GNI per capita between $996 and $3,895
developing economies - ANS lower-income nations, which have less technically developed
infrastructure and lower living standards
developed economies - ANS high-income industrialized nations which have high living
standards and the most technically developed infrastructures
emerging market economies - ANS Economies with per-capita incomes in the low to middle
range that are in a transition toward developed status
GNI per capita - ANS indicates how advanced an economy is but should be used with caution
purchasing power parity - ANS A means of adjusting the exchange rates for two currencies so
the currencies have equivalent purchasing power
Atlas conversion factor - ANS The arithmetic average of the current exchange rate and the
exchange rates in the two preceding years, adjusted by the ratio of domestic inflation to the
combined inflation rates of the euro zone, Japan, the United Kingdom, and the United States
underground economy - ANS The part of a nation's income that, because of unreporting or
underreporting, is not measured by official statistics; includes production of legal and illegal
good and services
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
2
QUESTIONS AND ANSWERS GRADED A+
2026
Foreign environment - ANS all the uncontrollable forces originating outside the home country
that surround and influence the firm
Foreign Interactions - ANS interaction between domestic and foreign environmental forces or
between sets of foreign environmental forces
gross domestic product (GDP) - ANS total monetary value of all goods and services produced
within a nation
Gross National Income (GNI) - ANS total value of all income generated by the residents of a
nation, including both the domestic production of goods and services and income from abroad
high-income economies - ANS GNI per capital of $12,056 or more
middle-income economies - ANS GNI per capita between $995 and $12,056
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
1
, low-income economies - ANS GNI per capita of $995 or less
upper-middle income economies - ANS GNI per capita between $3,896 and $12,055
lower-middle income economies - ANS GNI per capita between $996 and $3,895
developing economies - ANS lower-income nations, which have less technically developed
infrastructure and lower living standards
developed economies - ANS high-income industrialized nations which have high living
standards and the most technically developed infrastructures
emerging market economies - ANS Economies with per-capita incomes in the low to middle
range that are in a transition toward developed status
GNI per capita - ANS indicates how advanced an economy is but should be used with caution
purchasing power parity - ANS A means of adjusting the exchange rates for two currencies so
the currencies have equivalent purchasing power
Atlas conversion factor - ANS The arithmetic average of the current exchange rate and the
exchange rates in the two preceding years, adjusted by the ratio of domestic inflation to the
combined inflation rates of the euro zone, Japan, the United Kingdom, and the United States
underground economy - ANS The part of a nation's income that, because of unreporting or
underreporting, is not measured by official statistics; includes production of legal and illegal
good and services
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
2
