- Study guides, Class notes & Summaries

IBUS 493 Final Review Exam questions and answers Graded A+| 2026 Updated Contract - A legally binding agreement between 2 or more parties for a particular purpose. They set out the rights and obligations of business parties. Tort - Society imposes obligations on the parties. Thus, the knowledge of tort law is necessary because of these rights and obligations imposed on business parties that are independent of any contracts that are made. A wrongful act leading to legal liabilit...

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5 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 493 – Cases Exam questions and answers Graded A+| 2026 Updated Nevsun Resources Facts: Canadian mining company accused of forced labour and abuse at Eritrea mine - Eritrean workers sued Nevsun in Canadian courts Issue: Can Canadian firms be liable in Canada for human rights abuses abroad? (customary international law) - Supreme Court said Yes — case allowed to proceed; customary international law applies - Corporations can be held liable for serious violations - The court ...

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6 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 482 Ch. 7 Exam questions and answers Graded A+| 2026 Updated Common Law - Legal system based on precedent, tradition, and past court rulings. Code Law (Civil Law) - Legal system based on written statutes and comprehensive legal codes. Islamic Law (Shari'ah) - Legal system based on the principles of Islam and the Quran. Marxist-Socialist Law - Legal framework shaped by socialist ideology and central planning. Conciliation - Non-binding mediation by a neutral third part...

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2 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 480 Exam 1questions and answers Graded A+| 2026 Updated Globalization Shift toward integrated, interdependent world economy Foundations of Globalization: Integration Merging of seperate national markets into one global marketplace Foundations of Globalization: Markets Convergence of consumer preferences worldwide Examples: Coca-Cola, IKEA, Starbucks, Apple Foundations of Globalization: Production • Sourcing goods/services globally • Advantages: lower costs, highe...

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6 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 480 review Exam questions and answers Graded A+| 2026 Updated globalization the process by which national economies, markets, and societies become increasingly interconnected through trade, investment, technology, and cultural exchange. this integration reduces barriers between countries, allowing firms to operate across borders, but also increases exposure to global risks such as political instability and economic shocks. globalization of markets the convergence of consum...

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13 pages

Written in 2025/2026

Grade A+

Wisegrades

ibus 474 Exam questions and answers Graded A+| 2026 Updated Pressure for Standardization: Economies of Scale it is necessary to standardize products to achieve economies of scale and remain competitive on price Pressure for Standardization: Product usage that dictates standardization customers globally must have products standardized to use them. For instance, microprocessors have relatively standardized attributes that computer manufacturers around the world expect when ordering...

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5 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 462 Exam questions and answers Graded A+| 2026 Updated In the opening vignette involving David Goldstein from US firm Homecrafts and Louis Semarfrom Swiss firm Alpine Treasures, what aspects of their different approaches to relationships did David neglect or ignore and by doing so harm the likelihood of acquisition completion with Louis? How do you feel about Louis's apparent decision to walk away from the deal? - Goldstein's focus on efficiency and directness overlooked...

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17 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 450Exam questions and answers Graded A+| 2026 Updated international monetary system exists because most countries have their own currencies & is a means of exchanging these currencies is needed if business is to be conducted across national boundaries international monetary system establishes the rules by which countries value and exchange their currencies; it also provides a mechanism for correcting imbalances between a country's international payments and its reciepts...

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10 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 450 Final Exam questions and answers Graded A+| 2026 Updated BOP Accounting System a double-entry bookkeeping system designed to measure and record all economic transactions between residents of one country and residents of all other countries during a particular time period Importance of BOP Statistics 1. Help identify emerging markets for goods and services 2. Can warn of possible new policies that may alter a country's business climate 3. Can indicate reductions in a...

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11 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 450 Exam 1 Review Exam questions and answers Graded A+| 2026 Updated Globalization The process of reducing barriers of trade, investment, technology, and culture to increase global integration and interdependence among countries. Goal of Globalization Promote economic integration and mutual dependence between nations Trade in Goods and Services Countries specialize by exporting what they produce best and importing what they lack, expanding consumer choice and lowering cost...

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7 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 410 Final Exam questions and answers Graded A+| 2026 Updated The International Monetary System - The institutional arrangement that governs exchange rates. Floating exchange rate - Where the foreign exchange market determines the relative value of a currency. Pegged exchange rate - When the value of a currency is fixed to a reference country. Managed-float or dirty-float system - When the value of a currency is determined by market forces, but with central bank interventio...

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14 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 410 Exam questions and answers Graded A+| 2026 Updated Globalization of Markets The merging of historically distinct and separate national markets into one huge global marketplace. (Mcdonalds, IKEa) The Globalization of Production: Sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production (labor, energy, land, and capital). • May increase productivity. Globalization: the tra...

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13 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 401 Exam 1questions and answers Graded A+| 2026 Updated Increase in US Inflation - - Increase for US demand British goods - Decrease for British demand for US goods Increase in US interest rates - - Decrease for US demand British bank deposits - Increase for British demand US bank deposits Increase in US income level - - Increase in US demand for British goods Assume that a bank's bid rate on Swiss francs is $.45 and its ask rate is $.47. Its bid-ask percentage spread is: -...

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4 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 401 2nd Half Exam questions and answers Graded A+| 2026 Updated —Earnings assessment The parent's decision about whether a foreign subsidiary should reinvest earnings in a foreign country or remit earnings back to the parent may be influenced by exchange rate forecasts. —Long-term financing decisions MNCs that issue bonds to secure long-term funds may consider denominating the bonds in foreign currencies. Technical forecasting involves the use of historical data t...

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7 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 380 - Chapter 9Exam questions and answers Graded A+| 2026 Updated One of the impediments to integration arises from a) the fact that economic integration aids a minority b) concerns that too many multinational firms will lose investors c) the fact that a nation as a whole typically does not benefit d) concerns over national sovereignty - d) concerns over national sovereignty Regional economic integration offers significant opportunities for businesses. Which of the followi...

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4 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 380 Exam1 questions and answers Graded A+| 2026 Updated CHAPTER 1 - Introduction: What Is International Business? International Business - the buying, selling, and trading of goods and services across national boundaries Globalization of Markets - The exchange of cross cultural views, ideas, products, cultures, across different parts of the world Exporting - selling products to another country Importing - buying products from another country 3 Kinds of International Invest...

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9 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 380 Exam2 questions and answers Graded A+| 2026 Updated What are the three employee categories in a multinational enterprise (MNE)? - PCNs (Parent-Country Nationals) - Employees from headquarters country• HCNs (Host-Country Nationals) - Employees from the country where the subsidiary operates• TCNs (Third-Country Nationals) - Employees from a third country What factors influence the selection of PCNs, HCNs, or TCNs? - • Cost• Need for control• Local expertise• Cu...

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7 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 380 Exam2 questions and answers Graded A+| 2026 Updated country risk - Exposure to potential loss or adverse effects on company operations and profitability caused by developments in a country's political and/or legal environments. Extraterritoriality - Application of home-country laws to persons or conduct outside national borders. Political System - A set of formal institutions that constitute a government that include legislative bodies, political parties, lobbying gro...

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10 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 380 Exam questions and answers Graded A+| 2026 Updated Per capita GDP is calculated by: - GDP ÷ population Purchasing Power Parity (PPP) adjusts GDP to reflect differences in: - cost of living Which group of countries is known as emerging markets? - BRICS Which of the following is an example of an emerging market country? - India Emerging markets are attractive because they often have: - Growing middle class Exporting is particularly suitable for: -

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9 pages

Written in 2025/2026

Grade A+

Wisegrades

IBUS 380 Exam questions and answers Graded A+| 2026 Updated Free Trade - The absence of restrictions (barriers) on the flow of goods and services between countries. Absolute Advantage - When a country can produce a good more efficiently (using fewer resources) than another country. Comparative Advantage - When a country can produce a good at a lower opportunity cost than another country, even if it is less efficient overall New Trade Theory - A theory that emphasizes economies of...

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7 pages

Written in 2025/2026

Grade A+

Wisegrades