Geb 3375 - Study guides, Class notes & Summaries

GEB 3375 Exam 1 UCF LATEST UPDATE GRADED A+ Globalization of markets refers to the interconnectedness of national economies and the growing interdependence of buyers, producers, suppliers, and governments around the world Role of Technology in Globalization technology offers products/services worldwide, communication finding information, the world has become a "small place" Examples of Technology's Role in Globalization -shorter flight times -declining cost of global communicat...

____________ is a means of adjusting the exchange rates for two currencies so the currencies have equivalent purchasing power. A. purchasing power parity B. purchasing power exchanging C. purchasing power equality D. parity of purchasing power - Answer-A _____________ only measures the market value of goods and services produced within a nation. A. GNI B. GDP C. GPS D. GEB - Answer-B _____________ refers to the process that determines how a company should be organized to ensure its w...

In general, is it fair to assume that laws in foreign countries are the same or different than in the US? A. the laws of different countries are based on entirely different legal systems B. every country has the same laws C. what's legal in one country is legal in another country D. all of the above - Answer-A _____________________________ is the buyer and seller stipulate in their contract will be resolved without going to court. A. patenting B. arbitration C. litigation D. WIPO - An...

In general, it is fair to assume that laws in foreign countries are the same of different than in the US? - no The three types of legal systems - o Civil Law = based on codification. Systematic collection of laws designed to cover all areas of concern. Bureaucratic. Most widespread system globally. Louisiana. Inquisitorial, judge actively question prosecution, defense, and witnesses, also issues decision. Trial by jury is less frequent o Common Law = relies on decisions made by judges in p...

Firms operating across borders must deal with the forces of three kinds of environments. These environments include all of the following except: A. domestic B. local C. foreign D. international E. none of the above - Answer-B All of the following are major drivers leading firms to internationalize their operations except: A. technological B. cost C. social D. market E. competitive - Answer-C T/F - Globalization of product lines and production helps reduce costs by achieving economie...

________ is the transportation of any domestic good or service to a destination outside a country or region. A. exporting B. importing C. f.o.b. shipping D. foreign exchange - A ___________ is the transportation of any good or service into a country or region, from a foreign origination point. A. exporting B. importing C. f.o.b. shipping D. foreign exchange - B ____________ are all forms of discrimination against imports other than import duties. A. tariffs B. barriers C. tax levi...

What is *market screening*? - A modified version of environmental scanning in which the firm identifies desirable markets by eliminating the less desirable ones. What is the *Basic Needs Potential*? - A modified version of environmental scanning in which the firm identifies desirable markets by eliminating the less desirable ones. An example of *basic needs potential*? - The basic need potential of some goods is dependent on various physical forces, such as climate, topography, and natural ...

____________ is a collective programming of the mind that distinguishes the members of one group or category of people from another - Answer-Culture ____________ viewed precious metals like gold and silver as the only source of wealth, and their accumulation as essential to a nation's welfare - Answer-Mercantilism ______________ is a process where a company exports a product at a price lower than the price it normally charges in its own home market - Answer-Dumping ______________ US jobs ...

Globalization of markets : refers to the interconnectedness of national economies and the growing interdependence of buyers, producers, suppliers, and governments around the world Role of Technology in Globalization : technology offers products/services worldwide, communication finding information, the world has become a "small place" Examples of Technology's Role in Globalization : -shorter flight times -declining cost of global communication -growing # of internet users -ease of...