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BUSI 3250 Exam Questions with Verified Answers Latest Update
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BUSI 3250 Exam Questions with Verified Answers Latest Update
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BUSI 3250 Exam Questions with VerifiedAnswers Latest Update
International Monetary Fund - Answer-a source of economic data that analysts can
access to assess economic conditions
Foreign Environment - Answer--Includes all the uncontrollable forces originating outside
the home country that surround and influence the firm
-The interaction between domestic and foreign environmental forces or between sets of
foreign environmental forces
Gross Domestic Product - Answer-The total monetary value of all goods and services
produced within a nation
Gross National Income (GNI) - Answer-The total value of all income generated by the
residents of a nation, including both the domestic production of goods and services and
income from abroad.
Developing Economies - Answer-A classification for the world's lower-income nations,
which have less technically developed infrastructures and lower living standards
Developed Economies - Answer-A classification for high-income industrialized nations,
which have high living standards and the most technically developed infrastructure
Economic Analyses for Multinationals - Answer--More complex than those for a purely
domestic firm
-Purpose is to assess the overall outlook for the economy and the impact of economic
changes on the firm
-Should include economic data on actual and prospective markets
The World Bank categorizes countries based on GNI per capita, using the following
categories: - Answer-high-income economies, middle-income economies, low-income
economies
The International Monetary Fund would characterize a developing economy as one in
which - Answer-technology is not as developed
When an international manager is considering where to do business, one of the first
considerations is - Answer-the size of the economy
Unrecorded transactions in an economy, such as goods and services that are bartered,
are said to be part of which economy - Answer-informal
, GNI/capita, a crude estimate of purchasing power, must be further refined by - Answer-
incorporating data on how the national income is actually distributed
GINI Index - Answer-A measure of the degree to which family income within a country is
distributed equally
A business would rely on the GINI Index to understand - Answer-the degree to which
family income is distributed equally within a country.
Emerging Market Economies - Answer-Economies with per-capita incomes in the low to
middle range that are in a transition toward developed status
What does GNI measure? - Answer-the total value of all income
What does GNI per capita indicate? - Answer-How advanced economy is but should be
used with caution
Purchasing Power Parity - Answer-A means of adjusting the exchange rates for two
currencies so the currencies have equivalent purchasing power
Atlas Conversion Factor - Answer-The arithmetic average of the current exchange rate
and the exchange rates in the two preceding years, adjusted by the ration of domestic
inflation of the combine inflation rates of the euro zone, Japan, the United Kingdom, and
the United States
Underground economy - Answer--the part of a nation's income that, because of un-
reporting or underreporting, is not measured by official statistics
-includes undeclared production of legal and illegal goods and services, their
corresponding activities (e.g., money laundering), and concealed income in kind (barter)
Economic growth rate - Answer--managers should supplement their analyses by
assessing economic growth rates as measures of an economy's absolute size
-rapid and rising rates imply consumer demand
Income Distribution - Answer-A measure of how a nation's income is apportioned
among its people
GINI Index - Answer-A measure of the degree to which family income within a country is
distributed equally
Private consumption - Answer--Disposable income: after-tax personal income
-Discretionary income: amount of income left after paying taxes and making essential
purchases
Personal Consumption - Answer--Ownership of goods
-Consumption of key materials
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