IB Business - Unit 2 | Lesson 7

Front

Which trade barrier involves the reduction of currency value?

Back

Currency devaluation

Front

What is an example of cultural attitudes affecting trade?

Back

American Made

Front

What is the Balance of Payments?

Back

Total money coming into a country minus total money going out of a country

Front

A positive Balance of Payments indicates that ______.

Back

More money is coming into the country

Front

Currency is synonymous with ______.

Back

Money

Front

When planning logistics for global business, what is essential?

Back

Managing the flow of goods/services/people to destination

Front

A diverse workplace is important because it ______.

Back

Brings diverse perspectives and ideas

Front

The process of sending and receiving messages between people of various cultures is known as ______.

Back

Intercultural communication

Front

The WTO stands for what?

Back

World Trade Organization

Front

The EU created the Euro and a ______.

Back

Central bank