International Business Midterm

Front 1

A company which tailors its products to each individual market?

Back 1

Multidomestic

Front 2

A fir which standardizes its products across all markets (entire world is one market)?

Back 2

Global

Front 3

A firm which balances the multidomestic product, customizing products where necessary, standardizing where able?

Back 3

Transnational

Front 4

A business whose activities are carried out across national boundaries?

Back 4

International Business

Front 5

Name three of the specific environments in which a company must operate?

Back 5

Competitive, distributive, economic, socioeconomic, financial, legal, physical, Labor

Front 6

The U.S.’s two largest trade partners?

Back 6

Canada and Mexico

Front 7

The purchase of sufficient stock in a firm to obtain significant management control?

Back 7

Direct investment

Front 8

Production facilities in Mexico that temporarily import raw materials, components, or parts duty-free to be manufactured, pressed, or assembled with less expensive local labor, finished or semi-finished good it the exported?

Back 8

In-Bond Plants

Front 9

The purchase of stocks and bonds to obtain a return on the funds invested?

Back 9

Portfolio Investment

Front 10

Transnational economic zones spread over large, geographically proximate areas covering three or more countries where differences in facto endowments are exploited to promote external trade and investments?

Back 10

Growth Triangles

Front 11

Numerical limits places on specific classes of imports?

Back 11

Quotas

Front 12

Amount of currency a dollar can buy?

Back 12

Exchange Rate

Front 13

Number of units of currency required to buy the same amounts of goods and services in the domestic market that one dollar would buy in the U.S.?

Back 13

Purchasing power parity

Front 14

An economic philosophy based on the belief that a nation’s wealth depends on accumulated wealth and to increase wealth, government policies should promote exports and discourage imports?

Back 14

Mercantilism

Front 15

States that countries export products requiring large amounts of their abundant production factors and import products requiring large amounts of scarce factors?

Back 15

Heckscher-Ohlin Theory of Endowment

Front 16

Economic integration where tariffs are abolished between members, but they still have them with outside world?

Back 16

Free Trade Area

Front 17

MERCOSUR affects this geographical area?

Back 17

South America

Front 18

Economic integration in which countries give up sovereignty, currency, controls at central bank?

Back 18

Complete economic integration

Front 19

Deliberative body of the UN, all countries have a vote, nonbinding decisions?

Back 19

General Assembly

Front 20

The five countries which have a permanent seat on the security council?

Back 20

U.S., U.K., China, Russia, France

Front 21

The largest currency exchange in the world?

Back 21

London

Front 22

A sever BOP deficit?

Back 22

Fundamental

Front 23

Meeting after WWII which established the gold standard, the IMF, the World Band, and stated stable exchange rates were preferable?

Back 23

Bretton Woods

Front 24

Established by the IMF as a reserve; they are based on a basket of currencies?

Back 24

SDR’s (Special Drawing Rights)

Front 25

The three accounts in the BOP?

Back 25

Current, capital, official reserves account

Front 26

Belief that one’s culture is superior to all others?

Back 26

Ethnocentricity

Front 27

Payments to keep the receiver from causing harm to the payer?

Back 27

Extortion

Front 28

Emigration of highly educated professionals to other countries?

Back 28

Brain Drain

Front 29

Aspect of Hinduism where entire society if divided up into four groups?

Back 29

Caste system

Front 30

Three of the nine components of culture?

Back 30

Religion, Education, Language

Front 31

Anything supplied by nature on which people are dependent?

Back 31

Natural Resources

Front 32

Massive area of bedrock in Trebek’s homeland?

Back 32

Canadian Shield

Front 33

Nuclear meltdown in the USSR in April 1986?

Back 33

Chernobyl

Front 34

Two of the four unconventional sources of energy?

Back 34

Coal, Natural gas, oil sands, oil bearing shale

Front 35

Worst spill in U.S. history?

Back 35

Alaskan Oil Spill

Front 36

EU?

Back 36

European Union

Front 37

NAFTA?

Back 37

North American Free Trade Agreement

Front 38

WTO?

Back 38

World Trade Organization

Front 39

OPEC?

Back 39

Organization of Petroleum Exporting Countries

Front 40

OECD?

Back 40

Organization for Economic Cooperation and Development