Global bUsiness

a corporation that sells and/or produces its product in many different countries.

• multinational

• domestic

• sweatshop

a trade organization that replaced the old General Agreement on Tariffs and Trade (GATT); promotes free trade among member countries.

• IMF

• World Bank

• NATO

• WTO

The process in which countries are increasingly linked to each other through culture and trade

• pollution

• globalization

• semiglobalization

A manager who works abroad is known as the Expatriate manager

• False

• True

• Don't Know

a strategic multilateral platform connecting the world’s major developed and emerging economies.

• NATO

• TRIAD

• G20

• BRICS

 a business that is conducted across national borders.

• domestic business

• global business

• shipping business

• marketing business

Gross domestic product is:

• GDP plus income from nonresident sources abroad

• a conversion that determines the equivalent amount of goods and services that different currencies can purchase -

• GDP plus income from nonresident sources abroad 

• the sum of value added by resident firms, households, and governments operating in an economy

a technique to prepare and plan for multiple scenarios (either high- or low-risk)

• scenario planning

• risk management

• financial planning

This institution's initial role was to aid the reconstruction of Europe after World War II.

• WTO

• NATO

• The World Bank

• IMF

This institution promotes exchange rate stability and an open system of international payments

• IMF

• World Bank

• WTO