IBA 350 ch 6-9 study plan

litigation

(blank) is a confrontational method of resolving international disputes that involves parties filing lawsuits against each other in order to produce anticipated outcomes for themselves

Protectionism

(blank) is a global economic principle created to limit unrestricted trade while guarding home-country businesses from overseas competition

transparency

(blank) is the degree to which organization disclose substantial information about their financial position and accounting measures

customs

(blank) represents locations at the ports of entry in each country where government authorities inspect imported products and levy tariffs.

socialism

based on a collectivist mentality and requires that all capital be put back into the state and used as a source of production and not profit

market forces and the ability to easily implement commercial activities

characteristic of economic freedoms

Foreign trade zones ....

receives goods meant for export

establishing a stronger political position as a united bloc

regional integration enables member countries to gain bargaining power in world affairs by (blank)

Conciliation

represents a method of negotiation in which the objective is to settle any disagreements in a pleasant manner

import authorization

represents government approval given to a company that allows it to bring in certain products from foreign countries

economic union

the stage of regional integration in which member countries strive to have common fiscal and monetary policies

confiscation

type of government seizure involves acquiring company possessions without any form of payment

GATT

was the first major effort to systematically reduce trade barriers worldwide

Political and legal systems are interdependent

which of the following is true of political and legal environments in IB?

Rule of law

(Blank) involves a legal system where instructions are clarified, publicly imposed, justly applied, and valued by all

quotas

(blank) are measurable limits set on the imports of certain goods for a designated period of time

contract laws

(blank) assign rights, duties, and obligations to all parties involved in an agreement and include stipulations on the sale of goods, distribution of products, licensing, franchising, and joint ventures

APEC

(blank) involves 21 nations, from both sides of the Pacific, and aims for increased unrestricted trade and economic alliances among member and potential member countries

Regional economic assimilation

(blank) involves countries establishing agreements with one another for the purpose of minimizing obstacles concerning trade and business ventures

nationalization

(blank) involves government seizure of a whole industry, which may or may not include any form of payment

currency control

(blank) involves limitations on the expenditure of tangible monetary exchanges from a certain nation or on the influx of foreign currencies

Market economy

A (blank) depends on the interactions of supply and demand in order to determine prices for products and services

political system

A (blank) is a group of official organizations that create a government

international organizations

The World Bank, the WTO, and the United Nations Conference on Trade and Development are examples of (blank)

Political systema

a collection of official organizations that create a government, including legislative groups, political parties, lobbying groups, and trade unions

local content requirements

a form of government intervention in trade that dictates that a company's exports must contain a certain amount of home-country inputs

providing security for intellectual property

a function of a legal system

assuring stability established by laws

a function of a political system

totalitarianism

a governmental system that attempts to control most aspects of its citizens' conduct both publicly and privately, including their values and beliefs

Civil law

a legal system that is based on a comprehensive structure where laws are clearly written, accessible, and divided into categories: commercial, civil, and criminal

reducing trade barriers

a major factor in the growth of a global commerce and in rising incomes worldwide

legal system

a method of understanding and administering laws, regulations, and rules that are used to establish standards for conduct

scanning

as a way to anticipate risk, management participates in (blank), which is used to evaluate possible risks and threats to the company

attain economies of scale

due to the larger market size of an economic bloc, member country firms are able to reduce their product prices because they can (blank)

maquiladoras

export-assembly plants

developing a stronger defensive posture

gaining political power in world affairs has enabled the EU to compete more effectively with the US by (blank)

ethical concerns

government intervention and trade barriers imposed by developed countries raise (blank) for developing economies that supply them

common market

in a (blank), barriers to trade within a participating country are reduced or eliminated, shared external barriers are established, and unrestricted movements of goods, services, and factors of production is permitted

expropriation

is the seizure of a companies possessions with compensation

common law

legal system that is based on traditions, former cases, and legal models set by courts through the clarification of statutes, legislation, and previous rulings