BBA 411 Exam Questions With Answers Graded A+
Globalization
the shift toward a more integrated and interdependent world economy
Globalization of markets
the merging of historically distinct and separate national markets into one huge global marketplace
Globalization of production
the ...
BBA 411 Exam Questions With Answers
Graded A+
Globalization
the shift toward a more integrated and interdependent world economy
Globalization of markets
the merging of historically distinct and separate national markets into one huge global marketplace
Globalization of production
the 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
4 factors of production
Labor,Energy, Land, Capital
WTO
Responsible for policing the world trade system and make sure treaty rules are followed.
IMF
Maintain order in the International Monetary Fund
World bank
Promotes economic development
United Nations
Maintains peace, develops friendly relations, solve international issues, and protect human rights.
G20
Established to form a policy response to financial crisis in developing countries.
Factors in driving globalization
Decline in trade barriers and technological change
What 3 technological changes have occurred
Computing, internet, and transportation
Changing global demographics
America is falling behind since 1960, due to other nations developing markets
Why is managing a international business difficult
They differ in Cultures, political, economic, and legal systems
Foreign exchange market
, A market for converting the currency of one country into that of another country
Exchange rate
The rate at which one country's currency can be exchanged for that of another
Foreign exchange risk
the adverse consequence of unpredictable changes in the exchange rate
Who uses currency conversion?
Tourists and international companies
Spot exchange
the rate at which a foreign exchange dealer converts one currency into another currency on a
particular day
Forward exchange
When two parties agree to exchange currency and execute a deal at some specific date in the future.
The foreign exchange market is never located in one spot
true
the foreign exchange market never closes
true
There is only 1 foreign exchange market
true
Freely convertible currencies
When the country's government has no restrictions on who can convert currency
Externally Convertible Currency
only nonresidents can convert their holdings of domestic currency into a foreign currency
Nonconvertible currencies
Cant be converted into a foreign currency
Capital flight
A rush to convert holdings into another currency
Counter trade
barter-like agreements by which goods and services can be traded
Transaction Exposure
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACADEMICAIDSTORE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.09. You're not tied to anything after your purchase.
