Fbla: F-O

Front 1

factor sof production

Back 1

2-3: the three types of resources used to produce goods and services

Front 2

fixed costs

Back 2

9-3: expenses that do not change as the level of production changes

Front 3

floating exchange rates

Back 3

7-2: system in which currency values are based on supply and demand

Front 4

focus groups

Back 4

17-2: a directed discussion with 8-12 people

Front 5

foreign debt

Back 5

2-5: the amount a country owes to other countries

Front 6

foreign direct investment (FDI)

Back 6

5-3: the purchase of land or other resources in a foreign country

Front 7

foreign exchange

Back 7

7-1: the process of converting the currency of one country into the currency of another country

Front 8

foreign exchange market

Back 8

7-2: the network of banks and other financial institutions that buy and sell different currencies

Front 9

foreign exchange rate

Back 9

2-5: the value of one country's money in relation to the value of money of another country

Front 10

franchise

Back 10

5-3: the right to use a company name or business process in a specific way

Front 11

free on board (FOB)

Back 11

6-2: terms of sale that mean the selling price of the product includes the cost of loading the exported goods into transport vessels at the specified place

Front 12

free-rein managers

Back 12

10-1: managers who avoid the use of power

Front 13

free-trade agreement

Back 13

4-3: an arrangement between countries that eliminates duties and trade barriers on products traded among themselves

Front 14

free-trade zone

Back 14

4-3: a designated area where products can be imported duty-free

Front 15

freight forwarder

Back 15

6-2: a company that arranges to ship goods to customers in other countries

Front 16

front-line managers

Back 16

10-3: managers who oversee the day-to-day operations in specific departments

Front 17

futures market

Back 17

20-3: a market that allows investors and others to buy or sell contracts on the future price of commodities, metals, and financial instuments

Front 18

geocentric approach

Back 18

11-1: the human resources approach that uses the best available managers without regard for their countries of origin

Front 19

global dependency

Back 19

1-1: a condition that exists when items consumers need and want are created in other countries

Front 20

global information system

Back 20

14-1: a computer-based system that provides information about company operations around the world to managers of a multinational organization

Front 21

global product

Back 21

17-3: standardized item offered in the same form in all countries in which it is sold

Front 22

grievance procedure

Back 22

13-2: the steps that must be followed to resolve a complaint by an employee, the union, or the employer

Front 23

gross domestic product (GDP)

Back 23

2-5: a measure of the output of a country within its borders, including items produced with foreign resources

Front 24

gross national product (GNP)

Back 24

2-5: a meause of the total value of all goods and services produced by the resources of a country

Front 25

gross profit

Back 25

9-3: the difference between the cost of an item for a business and the price for which the business can sell that item

Front 26

hard currency

Back 26

7-2: a monetary unit that is freely converted into other currencies

Front 27

home country

Back 27

4-1: the country in which a multinational enterprise is headquartered

Front 28

host country

Back 28

4-1: the country in which a multinational enterprise is a guest

Front 29

icons

Back 29

14-1: symbols that are meaningful across cultures

Front 30

imports

Back 30

1-2: products bought from businesses in other countries

Front 31

income statement

Back 31

9-3: a document that summarizes a company's revenue from sales and its expenses over a period of time

Front 32

indirect distribution channel

Back 32

18-2: goods or services are sold with the use of one or more intermediaries between the producer and the consumer

Front 33

indirect exporting

Back 33

5-3: the selling of a company's products in a foreign market without any special activity for that purpose

Front 34

individualism

Back 34

3-4: the belief in the individual and his or her ability to function relatively independently

Front 35

industrialized country

Back 35

2-4: a country with stong business activity that is usually the result of advanced technology and a highly educated population

Front 36

industry

Back 36

6-4: a group of companies in the same type of business

Front 37

inflation

Back 37

2-2: an increase in the average prices of goods and services in a country

Front 38

informational interview

Back 38

12-1: a meeting with another person to gather information about a career or organization

Front 39

infrastructure

Back 39

2-4: a nation's transportation, communication, and utility systems

Front 40

injunction

Back 40

13-1: a court order that immediatly stops a party from carrying out a specific action

Front 41

inland marine insurance

Back 41

21-3: protection from loss while shipping goods on island waterways, railroad lines, truck lines, and airlines

Front 42

insurance

Back 42

21-2: planned protection for sharing economic losses among many people

Front 43

insurance certificate

Back 43

7-3: a certificate explaining the amount of insurance coverage for fire, theft, water, or other damage that may occure to goods in shipment

Front 44

insurance policy

Back 44

21-2: the legal agreement between an insurance comany and the insured

Front 45

intellectual property

Back 45

8-2: the technical knowledge or creative work that an individual or company has developed

Front 46

interest rate

Back 46

7-1: the cost of using someone else's money

Front 47

intermediary

Back 47

18-2: any person or organization in the distribution channel that moves goods and services from the producer to the consumer

Front 48

international business

Back 48

1-1: all business activities needed to create, ship, and sell goods and services across national borders

Front 49

International Court of Justice

Back 49

8-3: a court that settles disutes between nations when both nations request that it do so and also advises the United Nations on matters of internatnional law

Front 50

international marketing

Back 50

16-1: marketing activities among sellers and buyers in different countries

Front 51

International Monetary Fund (IMF)

Back 51

7-2: an agency that helps to promote economic cooperation by maintaining an orderly system of world trade and exchange rates

Front 52

international product

Back 52

17-3: a customized product adapted to the culture, tastes, and social trends of a country

Front 53

inventory control

Back 53

15-1: monitoring the amount of raw materials and completed goods on hand

Front 54

job

Back 54

12-1: an employment position obtained mainly for money

Front 55

job discription

Back 55

11-2: a document that includes the job identification, job statment, job duties and responsibilities and job specifications and requirements

Front 56

joint venture

Back 56

5-3: an agreement between two or more companies to share a business project

Front 57

labor union

Back 57

13-1: an organization of workers whose goals are improving members' working condidtions, wages, and benefits

Front 58

less-developed country (LDC)

Back 58

2-4: a country with little economic wealth and an emphasis on agriculture or mining

Front 59

letter of credit

Back 59

7-3: a financial document issued by a bank for an importer in which the bank guarantees payment

Front 60

liability

Back 60

8-1: a broad legal term referring to almost every kind of responsibility, duty, or obligation

Front 61

licensing

Back 61

5-3: selling the right to use some intangible property for a fee or royalty

Front 62

limited liablility

Back 62

5-1: the situation in which a business owner is only responsible for the debts of the business up to the amount invested

Front 63

lines of authority

Back 63

10-3: indicate who is responsible for whom and for what in an organization

Front 64

liquidity

Back 64

20-4: the ability to easily convert an asset into cash without a loss in value

Front 65

litigation

Back 65

8-3: a lawsuit brought about to enforce the rights of a person or an organization or to seek remedy to the violation of their rights

Front 66

localized advertizing

Back 66

19-2: the use of promotions that are customized for various target markets

Front 67

locals or host-country nationals

Back 67

11-1: natives of the country in which they work

Front 68

lockout

Back 68

13-2: the closing down of a workplace by an employer to force a union to agree to certian demands

Front 69

loss leader

Back 69

18-1: a very low-priced item used to attract customers to a store

Front 70

management contract

Back 70

5-3: a situation which a company sells only its management skills in another country

Front 71

managers

Back 71

10-1: the people in charge of organizations and their resources

Front 72

manual production

Back 72

15-1: using human hands and bodies as the means of transforming resources into goods and services

Front 73

market

Back 73

16-1: the likely customers for a good or service in a certian geographic location

Front 74

market economy

Back 74

2-3: the situation where individual companies and consumers make the decisions about what, how, and for whom items will be purchased

Front 75

market price

Back 75

2-2: the point at which supply and demand cross

Front 76

market segment

Back 76

16-3: a distinct subgroup of customers who share certian personal or behavioral characteristics

Front 77

marketing

Back 77

9-2: the business activities necessary to get goods and sevices from the producer to the consumer

Front 78

marketing mix

Back 78

16-2: the four major marketing elements of product, price, distibution, and promotion

Front 79

marketing plan

Back 79

9-2: a document that details the marketing activities of an organization

Front 80

marketing research

Back 80

17-2: the orderly collection and analysis of data in order to obtain information about a specific marketing concern

Front 81

markup

Back 81

18-1: the amount added to the cost of a product to determine the selling price

Front 82

mediation

Back 82

8-3: a dispute resolution method that makes use of a neutral third party

Front 83

middle managers

Back 83

10-3: managers who oversee the work and departments of a number of front-line managers

Front 84

mixed economy

Back 84

2-3: the situation with a blend between government involvement in business and private ownership

Front 85

money

Back 85

7-1: anything people will accept for the exchange of goods and services

Front 86

monopolistic competition

Back 86

6-4: a market situation whith many sellers, each with a slightly different product

Front 87

monopoly

Back 87

6-4: a situation in which one seller controls the entire market for a product or service

Front 88

BC Masking Procedure for finding PLATEAU

Back 88

1. obtain and record the BC threshold of the TE unmasked and unoccluded.
2. compare the AC thresholds with the BC thresholds.
If there is a difference of 10 dB or more between the AC and BC results, then masking is required.
3. Select the initial amount of masking (IM) for the NTE using NBN.
4. Then you must reestablish threshold in the TE with this initial amount of masking in the NTE.
5. Each time the patient responds to the PT signal presented to the TE, increase masking noise in the NTE by 10 dB.
6. Each time the patient does not respond to the PT signal in the TE, increase the tone in the TE in 5 dB steps until the patient responds again.
7. Continue this procedure until the masking noise can be increased over a 30 dB interval (3 consecutive 10 dB steps) without producing a shift in the threshold level of the TE.
8. This is the “Plateau” and the BC pure tone intensity level you reached is the actual threshold of the TE.
9. Replace unmasked thresholds symbols on the audiogram with the masked threshold symbols:

Front 89

multinational company or corporation (MNC)

Back 89

5-2: an organization that conduts business in several countries

Front 90

municipal bond

Back 90

20-3: a debt certificate issued by a state or local government agency

Front 91

municipal corporation

Back 91

5-2: an incorporated town or city organized to provide services for citizens rather than to make a profit

Front 92

mutual fund

Back 92

20-1: an investment company that manages a poolof funds from many investors

Front 93

mutual insurance company

Back 93

21-2: an insurance company owned by its policy-holders

Front 94

negligence

Back 94

8-1: the failure of a responsible party to follow standards of due care

Front 95

net income or profit

Back 95

5-1: the difference between money taken in and expenses

Front 96

nonprofit organization

Back 96

5-2: groups created to provide a service and not concerned with making a profit

Front 97

nonverbal communication

Back 97

3-3: communication that does not involve the use of words

Front 98

nuclear family

Back 98

3-2: a group that consists of a parent or parents and unmarried children living at home

Front 99

observational research

Back 99

17-2: data collected by watching and recording shopping behaviors

Front 100

ocean marine insurance

Back 100

21-3: protection from loss while goods are being shipped overseas and while temporarily in port

Front 101

oligopoly

Back 101

6-4: control of an industry by a few large companies

Front 102

open shop

Back 102

13-2: a workplace in which workers may choose to join the union or not

Front 103

operational management

Back 103

15-1: the process of designing and managing a production system

Front 104

opportunity cost

Back 104

2-1: the most attractive alernative given up when a choice is made

Front 105

organizational chart

Back 105

10-2: a drawing that shows the structure of an organization

Front 106

organizational market

Back 106

16-1: buyers who purchase items for resale or additional production

Front 107

over-the-counter (OTC) market

Back 107

20-3: a network of stockbrokers who buy and sell stocks not listed on a stock exchange