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