production of that commodity which uses more intensively the country’s more abundant factor. The factor price equalization theorem examines the effect or international trade on factor prices and states that free international trade equalizes factor prices between countries, relatively and absolutely, and thus serves as a substitute for international factor mobility. 3. Explain the term ‘Totalitarianism’? Ans. In totalitarianism, also called authoritarianism, individual
Words: 1759 - Pages: 8
c. World-Mart d. Shoprite Answer: D Factual, International Business, p. 5 2. Companies are no longer limited by their domestic boundaries and may conduct any business activity anywhere in the world; these companies are more likely to compete anywhere because of a. Technology b. Globalization c. Free trade system d. Business strategy Answer: B Conceptual, International Business, p. 6 3. Multinational companies
Words: 1994 - Pages: 8
References Damanpour, F. (1998). The impact of culture on management: A comparison of Japanese versus United States management. Advances in competitiveness Research , 6 (1), 39-57. Faramarz Damanpour is a Professor of Finance and International Business at James Madison University. He is an author of several business articles and has been featured in many business journals. His main purpose of this article is to get the reader to understand the differences between the cultures, decision-making
Words: 1838 - Pages: 8
Multinational Business Finance, 13e (Eiteman/Stonehill/Moffett) Chapter 1 Current Multinational Challenges and the Global Economy 1.1 Financial Globalization and Risk True/False 1) BRICs is a term used in international finance to represent assets that are considered to be inexpensive and sturdy, but fundamentally unsound and and incapable of coping with the upheavals now apparent in international financial markets. Answer: FALSE Diff: 1 Topic: 1.1 Financial Globalization and Risk
Words: 2643 - Pages: 11
International Business, 14e (Daniels et al.) Chapter 13 Export and Import 1) Which of the following transactions refers to the sale of goods or services produced by a company based in one country to customers that reside in a different country? A) importing B) countertrading C) exporting D) freight forwarding Answer: C Diff: 1 Skill: Concept Objective: 1 2) Small and medium-size enterprises, such as SpinCent as seen in the opening case for chapter 13, account for ________ of all
Words: 6622 - Pages: 27
1 GLOBALIZATION AND THE MULTINATIONAL FIRM SUGGESTED ANSWERS TO END-OF-CHAPTER QUESTIONS QUESTIONS 1. Why is it important to study international financial management? Answer: We are now living in a world where all the major economic functions, i.e., consumption, production, and investment, are highly globalized. It is thus essential for financial managers to fully understand vital international dimensions of financial management. This global shift is in marked contrast to a situation
Words: 1254 - Pages: 6
CHAPTER 1—INTRODUCTION TO INTERNATIONAL BUSINESS TRUE/FALSE 1. Customs brokers are government inspection officials who regulate the shipment of goods in and out of the country. ANS: F PTS: 1 2. Global sourcing is the term commonly used to describe the process by which a firm attempts to locate and purchase goods or services on a worldwide basis. ANS: T PTS: 1 3. Nontariff barriers have a significant influence on how firms make their trade and investment decisions. ANS: T PTS:
Words: 2069 - Pages: 9
[pic] School of Management Degree in Management Semester 2, Academic Session 2011/2012 COURSE OUTLINE ATW395 (ATP393) – INTERNATIONAL BUSINESS (PERNIAGAAN ANTARABANGSA) Lecturer: Dr. Shankar Chelliah, DBA Senior Lecturer School of Management Universiti Sains Malaysia Room/Tel: Building L10, Room L02, 04-653 3888, ext 5282 E-mail: shankar@usm.my
Words: 1055 - Pages: 5
Section A: 1) What is international business? What are the primary reasons that companies engage in international business? Answer: International business is a term used to collectively describe all commercial transactions private, governmental, sales, investments, exports and imports in and out of the country to any other country around the world. 1- To diversify sources of sales and supplies. 2- To acquire resources. 3- To minimize competitive risk. 4- To expand sales. 2) In a short
Words: 350 - Pages: 2
| | | |risks that arose in the Business Regulation simulation. Identify a tort violation from the | | | | |simulation. Then use the 7-step process as defined in the Harb article to apply the risk | | | | |management process to mitigate the business risk associated with that violation. | |
Words: 1021 - Pages: 5
