BUSI 3250 AUBURN CERTIFICATION
SCRIPT 2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◍ Economic Globalization.
Answer: The tendency toward an international integration and
interdependency of goods, technology, information, labor and capital, or the
process of making this integration happen.
◍ Triple-bottom-line Accounting.
Answer: Measures the firms social and environmental performance in
addition to its economic performance.
◍ When did the internationalization of business really gain traction?.
Answer: 100 years ago
◍ UN Convention on the International Sale of Goods (CISG).
Answer: Modern, uniform, and fair regime for contracts for the international
sale of goods. This contributes significantly to introducing certainty in
commercial exchanges and decreasing transaction costs.
◍ Dumping.
Answer: Selling a product abroad for less than (1) the cost of production, (2)
the price in home market, or (3) the price to third-party countries.
◍ Riba.
Answer: Some religious law prohibits charging interest.
◍ Culture.
Answer: The sum total of the beliefs, rules, techniques, institutions, and
artifacts that characterize human populations. It is what makes us who we
are and what we believe.
,◍ Low-income economies.
Answer: GNI per capita of $995 or less.
◍ Voluntary Export Restraints (VER).
Answer: Export quotas imposed by the exporting nation - typically through
an agreement with the other country.
◍ Trademarks.
Answer: A shape, color, design, phrase, abbreviation, or sound used by
merchants or manufacturers to designate and differentiate their products.
Laws vary from country to country.
◍ Which kind of tariff do experts say are the most significant/impactful?.
Answer: Nontariff barriers.
◍ International managers who ____________________ are better prepared to
decide which option to follow..
Answer: discover there are differences in the environmental factors
◍ GINI Index.
Answer: A measure of the degree to which family income within a country
is distributed equally. The closer to the 0 the more equal...income inequality.
◍ Sustainable Development (Brundtland Commission).
Answer: It meets the needs of the present without compromising the ability
of future generations to meet their needs.
◍ Nontarrif Barriers (NTB).
Answer: All forms of discrimination against imports other than import
duties.
◍ Overlapping Demand.
Answer: The existence of similar preferences and demand for products and
services among nations with similar levels of per capita income.
◍ Experience Curve.
Answer: Rising scale on which efficiency improves as a result of cumulative
experience and learning.
, ◍ Personal consumption.
Answer: The ownership of goods and consumption of key materials.
◍ Tort Law.
Answer: Law dealing with an injury inflected on another person, either
intentionally or negligently.
◍ The top 10 trading partners accounted for __ percent of total US exports and
__ percent of total US imports in 2017..
Answer: 66 and 70
◍ Gross Domestic Product (GDP).
Answer: The total monetary value of all goods and services produced within
a nation.
◍ Floating Exchange Rates by 1973.
Answer: These are determined by supply and demand that allow currency
values to float against one another. Became popular after the failure of the
Bretton Woods agreement.
◍ Environmental Sustainability.
Answer: State in which the demands placed upon the environment by people
and commerce can be met without reducing the capacity of the environment
to provide for future generations.
◍ Rare Earths.
Answer: 17 non fuel mineral elements used in defense applications and in all
areas of modern manufacturing. China produces more than 80 percent of
these.
◍ Five Major Drivers.
Answer: Political, Technological, Market, Cost, And Competitive
◍ 3 types of taxation.
Answer: Income tax, value-added tax, and withholding tax.
◍ Privatization.
Answer: The selling of government owned property to the private sector to
SCRIPT 2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◍ Economic Globalization.
Answer: The tendency toward an international integration and
interdependency of goods, technology, information, labor and capital, or the
process of making this integration happen.
◍ Triple-bottom-line Accounting.
Answer: Measures the firms social and environmental performance in
addition to its economic performance.
◍ When did the internationalization of business really gain traction?.
Answer: 100 years ago
◍ UN Convention on the International Sale of Goods (CISG).
Answer: Modern, uniform, and fair regime for contracts for the international
sale of goods. This contributes significantly to introducing certainty in
commercial exchanges and decreasing transaction costs.
◍ Dumping.
Answer: Selling a product abroad for less than (1) the cost of production, (2)
the price in home market, or (3) the price to third-party countries.
◍ Riba.
Answer: Some religious law prohibits charging interest.
◍ Culture.
Answer: The sum total of the beliefs, rules, techniques, institutions, and
artifacts that characterize human populations. It is what makes us who we
are and what we believe.
,◍ Low-income economies.
Answer: GNI per capita of $995 or less.
◍ Voluntary Export Restraints (VER).
Answer: Export quotas imposed by the exporting nation - typically through
an agreement with the other country.
◍ Trademarks.
Answer: A shape, color, design, phrase, abbreviation, or sound used by
merchants or manufacturers to designate and differentiate their products.
Laws vary from country to country.
◍ Which kind of tariff do experts say are the most significant/impactful?.
Answer: Nontariff barriers.
◍ International managers who ____________________ are better prepared to
decide which option to follow..
Answer: discover there are differences in the environmental factors
◍ GINI Index.
Answer: A measure of the degree to which family income within a country
is distributed equally. The closer to the 0 the more equal...income inequality.
◍ Sustainable Development (Brundtland Commission).
Answer: It meets the needs of the present without compromising the ability
of future generations to meet their needs.
◍ Nontarrif Barriers (NTB).
Answer: All forms of discrimination against imports other than import
duties.
◍ Overlapping Demand.
Answer: The existence of similar preferences and demand for products and
services among nations with similar levels of per capita income.
◍ Experience Curve.
Answer: Rising scale on which efficiency improves as a result of cumulative
experience and learning.
, ◍ Personal consumption.
Answer: The ownership of goods and consumption of key materials.
◍ Tort Law.
Answer: Law dealing with an injury inflected on another person, either
intentionally or negligently.
◍ The top 10 trading partners accounted for __ percent of total US exports and
__ percent of total US imports in 2017..
Answer: 66 and 70
◍ Gross Domestic Product (GDP).
Answer: The total monetary value of all goods and services produced within
a nation.
◍ Floating Exchange Rates by 1973.
Answer: These are determined by supply and demand that allow currency
values to float against one another. Became popular after the failure of the
Bretton Woods agreement.
◍ Environmental Sustainability.
Answer: State in which the demands placed upon the environment by people
and commerce can be met without reducing the capacity of the environment
to provide for future generations.
◍ Rare Earths.
Answer: 17 non fuel mineral elements used in defense applications and in all
areas of modern manufacturing. China produces more than 80 percent of
these.
◍ Five Major Drivers.
Answer: Political, Technological, Market, Cost, And Competitive
◍ 3 types of taxation.
Answer: Income tax, value-added tax, and withholding tax.
◍ Privatization.
Answer: The selling of government owned property to the private sector to
