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WorksheetsBusiness Management Unit 4 Vocabulary
Total questions: 107
Worksheet time: 9hrs 55mins
Name
Class
Date
1.
Competition
a)
rivalry between two or more companies within the same industry
b)
a contractual agreement combining two businesses to execute a certain business undertaking
c)
agreements between companies or partners to reach objectives of a common interest
d)
a licensed property, trademark or concept to another entity by a business owner
e)
the money a country owes another country
2.
Competitive Advantage
a)
occurs when a company operates in a more efficient manner than its competitors, which causes their sales to increase above other businesses
b)
rivalry between two or more companies within the same industry
c)
a contractual agreement combining two businesses to execute a certain business undertaking
d)
agreements between companies or partners to reach objectives of a common interest
e)
a licensed property, trademark or concept to another entity by a business owner
3.
SWOT Analysis
a)
stands for strengths, weaknesses, opportunities and threats; a useful tool in helping a company determine where they stand compared to their competition
b)
occurs when a company operates in a more efficient manner than its competitors, which causes their sales to increase above other businesses
c)
rivalry between two or more companies within the same industry
d)
a contractual agreement combining two businesses to execute a certain business undertaking
e)
agreements between companies or partners to reach objectives of a common interest
4.
Strategy
a)
a design for a company or organization in order to reach its long-term goals through planning organizing, execution and controlling of activities
b)
stands for strengths, weaknesses, opportunities and threats; a useful tool in helping a company determine where they stand compared to their competition
c)
occurs when a company operates in a more efficient manner than its competitors, which causes their sales to increase above other businesses
d)
rivalry between two or more companies within the same industry
e)
a contractual agreement combining two businesses to execute a certain business undertaking
5.
Strengths
a)
positive, internal factors that can be controlled within a business
b)
a design for a company or organization in order to reach its long-term goals through planning organizing, execution and controlling of activities
c)
stands for strengths, weaknesses, opportunities and threats; a useful tool in helping a company determine where they stand compared to their competition
d)
occurs when a company operates in a more efficient manner than its competitors, which causes their sales to increase above other businesses
e)
rivalry between two or more companies within the same industry
6.
Networking
a)
making links and establishing a mutually beneficial relationship with other business people
b)
positive, internal factors that can be controlled within a business
c)
a design for a company or organization in order to reach its long-term goals through planning organizing, execution and controlling of activities
d)
stands for strengths, weaknesses, opportunities and threats; a useful tool in helping a company determine where they stand compared to their competition
e)
occurs when a company operates in a more efficient manner than its competitors, which causes their sales to increase above other businesses
7.
Unique Selling Points
a)
distinguishes the organization's product or service from competitors because of certain unique characteristics
b)
making links and establishing a mutually beneficial relationship with other business people
c)
positive, internal factors that can be controlled within a business
d)
a design for a company or organization in order to reach its long-term goals through planning organizing, execution and controlling of activities
e)
stands for strengths, weaknesses, opportunities and threats; a useful tool in helping a company determine where they stand compared to their competition
8.
Weaknesses
a)
negative, internal factors that a company can control
b)
distinguishes the organization's product or service from competitors because of certain unique characteristics
c)
making links and establishing a mutually beneficial relationship with other business people
d)
positive, internal factors that can be controlled within a business
e)
a design for a company or organization in order to reach its long-term goals through planning organizing, execution and controlling of activities
9.
Raw Materials
a)
items (materials) used in the production of a good
b)
negative, internal factors that a company can control
c)
distinguishes the organization's product or service from competitors because of certain unique characteristics
d)
making links and establishing a mutually beneficial relationship with other business people
e)
positive, internal factors that can be controlled within a business
10.
Opportunity
a)
a favorable, external factor companies cannot control
b)
items (materials) used in the production of a good
c)
negative, internal factors that a company can control
d)
distinguishes the organization's product or service from competitors because of certain unique characteristics
e)
making links and establishing a mutually beneficial relationship with other business people
11.
Target Market
a)
a specific group of consumers to whom a company aims the selling of its products or services
b)
a favorable, external factor companies cannot control
c)
items (materials) used in the production of a good
d)
negative, internal factors that a company can control
e)
distinguishes the organization's product or service from competitors because of certain unique characteristics
12.
Threats
a)
negative or unfavorable external factors that affect businesses and their level of competitiveness
b)
a specific group of consumers to whom a company aims the selling of its products or services
c)
a favorable, external factor companies cannot control
d)
items (materials) used in the production of a good
e)
negative, internal factors that a company can control
13.
Porter's Five Forces
a)
helps companies to analyze their industry and determine their level of competitiveness
b)
negative or unfavorable external factors that affect businesses and their level of competitiveness
c)
a specific group of consumers to whom a company aims the selling of its products or services
d)
a favorable, external factor companies cannot control
e)
items (materials) used in the production of a good
14.
Supplier Power
a)
pertains to how much power a supplier has as far as increasing the prices of supplies and merchandise a company purchases from them
b)
helps companies to analyze their industry and determine their level of competitiveness
c)
negative or unfavorable external factors that affect businesses and their level of competitiveness
d)
a specific group of consumers to whom a company aims the selling of its products or services
e)
a favorable, external factor companies cannot control
15.
Buyer Power
a)
pertains to how much power customers have as far as driving down the prices of products and services
b)
pertains to how much power a supplier has as far as increasing the prices of supplies and merchandise a company purchases from them
c)
helps companies to analyze their industry and determine their level of competitiveness
d)
negative or unfavorable external factors that affect businesses and their level of competitiveness
e)
a specific group of consumers to whom a company aims the selling of its products or services
16.
Competitive Rivalry
a)
the amount of power a company has in the market in relation to their competitors
b)
pertains to how much power customers have as far as driving down the prices of products and services
c)
pertains to how much power a supplier has as far as increasing the prices of supplies and merchandise a company purchases from them
d)
helps companies to analyze their industry and determine their level of competitiveness
e)
negative or unfavorable external factors that affect businesses and their level of competitiveness
17.
Threat of Substitution
a)
determines the ability and likelihood of customers finding another way to either make or provide the services or products a company offers
b)
the amount of power a company has in the market in relation to their competitors
c)
pertains to how much power customers have as far as driving down the prices of products and services
d)
pertains to how much power a supplier has as far as increasing the prices of supplies and merchandise a company purchases from them
e)
helps companies to analyze their industry and determine their level of competitiveness
18.
Market Share
a)
the percentage of a firm's total sales in relation to the industry as a whole
b)
determines the ability and likelihood of customers finding another way to either make or provide the services or products a company offers
c)
the amount of power a company has in the market in relation to their competitors
d)
pertains to how much power customers have as far as driving down the prices of products and services
e)
pertains to how much power a supplier has as far as increasing the prices of supplies and merchandise a company purchases from them
19.
Advertising
a)
a paid message sent from a company to the public in order to introduce a new product or service, or present existing merchandise
b)
the percentage of a firm's total sales in relation to the industry as a whole
c)
determines the ability and likelihood of customers finding another way to either make or provide the services or products a company offers
d)
the amount of power a company has in the market in relation to their competitors
e)
pertains to how much power customers have as far as driving down the prices of products and services
20.
Population Migration
a)
the mass movement of people who inhabit the same area, region or country
b)
a paid message sent from a company to the public in order to introduce a new product or service, or present existing merchandise
c)
the percentage of a firm's total sales in relation to the industry as a whole
d)
determines the ability and likelihood of customers finding another way to either make or provide the services or products a company offers
e)
the amount of power a company has in the market in relation to their competitors
21.
Cultural Diversity
a)
ethnic variety, as well as socioeconomic and gender variety in a group, society or institution
b)
the mass movement of people who inhabit the same area, region or country
c)
a paid message sent from a company to the public in order to introduce a new product or service, or present existing merchandise
d)
the percentage of a firm's total sales in relation to the industry as a whole
e)
determines the ability and likelihood of customers finding another way to either make or provide the services or products a company offers
22.
Family Demographics
a)
the characteristics of families such as size, growth and financial status
b)
ethnic variety, as well as socioeconomic and gender variety in a group, society or institution
c)
the mass movement of people who inhabit the same area, region or country
d)
a paid message sent from a company to the public in order to introduce a new product or service, or present existing merchandise
e)
the percentage of a firm's total sales in relation to the industry as a whole
23.
Service Influx
a)
companies locally and internationally are required to provide more or better services
b)
the characteristics of families such as size, growth and financial status
c)
ethnic variety, as well as socioeconomic and gender variety in a group, society or institution
d)
the mass movement of people who inhabit the same area, region or country
e)
a paid message sent from a company to the public in order to introduce a new product or service, or present existing merchandise
24.
Global Competition
a)
organizations compete around the world; organizations sell products in foreign countries
b)
companies locally and internationally are required to provide more or better services
c)
the characteristics of families such as size, growth and financial status
d)
ethnic variety, as well as socioeconomic and gender variety in a group, society or institution
e)
the mass movement of people who inhabit the same area, region or country
25.
Effectiveness
a)
causing a result; especially the desired or intended result
b)
organizations compete around the world; organizations sell products in foreign countries
c)
companies locally and internationally are required to provide more or better services
d)
the characteristics of families such as size, growth and financial status
e)
ethnic variety, as well as socioeconomic and gender variety in a group, society or institution
26.
Efficiency
a)
the ability to do something well or achieve a desired result without wasted energy or effort; the degree to which this ability is used
b)
causing a result; especially the desired or intended result
c)
organizations compete around the world; organizations sell products in foreign countries
d)
companies locally and internationally are required to provide more or better services
e)
the characteristics of families such as size, growth and financial status
27.
Workplace Technology
a)
plays an essential role in how today's businesses function and communicate with others around the world; is relied upon by businesses to help them operate more efficiently and effectively; enables people in the workplace to work faster, more accurately and, in some cases, in ways previously not possible
b)
the ability to do something well or achieve a desired result without wasted energy or effort; the degree to which this ability is used
c)
causing a result; especially the desired or intended result
d)
organizations compete around the world; organizations sell products in foreign countries
e)
companies locally and internationally are required to provide more or better services
28.
Interpreting Data
a)
consists of getting the most amount of information possible from a situation
b)
plays an essential role in how today's businesses function and communicate with others around the world; is relied upon by businesses to help them operate more efficiently and effectively; enables people in the workplace to work faster, more accurately and, in some cases, in ways previously not possible
c)
the ability to do something well or achieve a desired result without wasted energy or effort; the degree to which this ability is used
d)
causing a result; especially the desired or intended result
e)
organizations compete around the world; organizations sell products in foreign countries
29.
Breaking Problems Down
a)
involves the statement of a problem and all of the contributing factors
b)
consists of getting the most amount of information possible from a situation
c)
plays an essential role in how today's businesses function and communicate with others around the world; is relied upon by businesses to help them operate more efficiently and effectively; enables people in the workplace to work faster, more accurately and, in some cases, in ways previously not possible
d)
the ability to do something well or achieve a desired result without wasted energy or effort; the degree to which this ability is used
e)
causing a result; especially the desired or intended result
30.
SWOT Analysis
a)
stands for Strengths, Weaknesses, Opportunities and Threats Analysis a useful tool in the decision making process in various situations for businesses and organizations
b)
involves the statement of a problem and all of the contributing factors
c)
consists of getting the most amount of information possible from a situation
d)
plays an essential role in how today's businesses function and communicate with others around the world; is relied upon by businesses to help them operate more efficiently and effectively; enables people in the workplace to work faster, more accurately and, in some cases, in ways previously not possible
e)
the ability to do something well or achieve a desired result without wasted energy or effort; the degree to which this ability is used
31.
Natural Risks
a)
weather threats, diseases, accidents
b)
stands for Strengths, Weaknesses, Opportunities and Threats Analysis a useful tool in the decision making process in various situations for businesses and organizations
c)
involves the statement of a problem and all of the contributing factors
d)
consists of getting the most amount of information possible from a situation
e)
plays an essential role in how today's businesses function and communicate with others around the world; is relied upon by businesses to help them operate more efficiently and effectively; enables people in the workplace to work faster, more accurately and, in some cases, in ways previously not possible
32.
Human Risks
a)
robbery, embezzlement, computer crimes, vandalism, job related illness and injuries
b)
weather threats, diseases, accidents
c)
stands for Strengths, Weaknesses, Opportunities and Threats Analysis a useful tool in the decision making process in various situations for businesses and organizations
d)
involves the statement of a problem and all of the contributing factors
e)
consists of getting the most amount of information possible from a situation
33.
Operational Risks
a)
overall system failures, product distribution failures
b)
robbery, embezzlement, computer crimes, vandalism, job related illness and injuries
c)
weather threats, diseases, accidents
d)
stands for Strengths, Weaknesses, Opportunities and Threats Analysis a useful tool in the decision making process in various situations for businesses and organizations
e)
involves the statement of a problem and all of the contributing factors
34.
Reputational Risks
a)
loss of business partners, decrease in customer confidence
b)
overall system failures, product distribution failures
c)
robbery, embezzlement, computer crimes, vandalism, job related illness and injuries
d)
weather threats, diseases, accidents
e)
stands for Strengths, Weaknesses, Opportunities and Threats Analysis a useful tool in the decision making process in various situations for businesses and organizations
35.
Financial Risks
a)
unemployment rates, interest rates, stock market
b)
loss of business partners, decrease in customer confidence
c)
overall system failures, product distribution failures
d)
robbery, embezzlement, computer crimes, vandalism, job related illness and injuries
e)
weather threats, diseases, accidents
36.
Technical Risks
a)
technical failures, not keeping up-to-date with technology
b)
unemployment rates, interest rates, stock market
c)
loss of business partners, decrease in customer confidence
d)
overall system failures, product distribution failures
e)
robbery, embezzlement, computer crimes, vandalism, job related illness and injuries
37.
Political Risks
a)
government regulations, foreign influences
b)
technical failures, not keeping up-to-date with technology
c)
unemployment rates, interest rates, stock market
d)
loss of business partners, decrease in customer confidence
e)
overall system failures, product distribution failures
38.
Predicting Impact of Risks
a)
involves estimating the cost of the risk to the business if it occurs
b)
government regulations, foreign influences
c)
technical failures, not keeping up-to-date with technology
d)
unemployment rates, interest rates, stock market
e)
loss of business partners, decrease in customer confidence
39.
Political Factors
a)
employment laws, restrictions on trade, tax policies
b)
involves estimating the cost of the risk to the business if it occurs
c)
government regulations, foreign influences
d)
technical failures, not keeping up-to-date with technology
e)
unemployment rates, interest rates, stock market
40.
Managing Risk
a)
consists of minimizing the effects of risks, improving existing business systems and investing in new resources
b)
employment laws, restrictions on trade, tax policies
c)
involves estimating the cost of the risk to the business if it occurs
d)
government regulations, foreign influences
e)
technical failures, not keeping up-to-date with technology
41.
Minimize Effects
a)
once the impacts of the risks have been predicted, a company can attempt to minimize the harmful effects that risks bring and prepare to handle them in the best way possible
b)
consists of minimizing the effects of risks, improving existing business systems and investing in new resources
c)
employment laws, restrictions on trade, tax policies
d)
involves estimating the cost of the risk to the business if it occurs
e)
government regulations, foreign influences
42.
Improving Existing Systems
a)
a company may decide to use what they currently have and try to modify and improve their existing methods and systems to handle the risks in a more efficient manner
b)
once the impacts of the risks have been predicted, a company can attempt to minimize the harmful effects that risks bring and prepare to handle them in the best way possible
c)
consists of minimizing the effects of risks, improving existing business systems and investing in new resources
d)
employment laws, restrictions on trade, tax policies
e)
involves estimating the cost of the risk to the business if it occurs
43.
New Resources
a)
a company may also take the opposite approach and invest in new resources if they feel their current ones are not substantial enough to handle the risks
b)
a company may decide to use what they currently have and try to modify and improve their existing methods and systems to handle the risks in a more efficient manner
c)
once the impacts of the risks have been predicted, a company can attempt to minimize the harmful effects that risks bring and prepare to handle them in the best way possible
d)
consists of minimizing the effects of risks, improving existing business systems and investing in new resources
e)
employment laws, restrictions on trade, tax policies
44.
Reviewing the Risk Analysis
a)
should occur every so often to ensure avoidance of future problems associated with risks and risk management; involves testing current systems and methods to minimize the likelihood of other issues arising
b)
a company may also take the opposite approach and invest in new resources if they feel their current ones are not substantial enough to handle the risks
c)
a company may decide to use what they currently have and try to modify and improve their existing methods and systems to handle the risks in a more efficient manner
d)
once the impacts of the risks have been predicted, a company can attempt to minimize the harmful effects that risks bring and prepare to handle them in the best way possible
e)
consists of minimizing the effects of risks, improving existing business systems and investing in new resources
45.
Threats of Substitution
a)
determined by the ability and likelihood of customers finding another way to either make or provide the services or products a company offers
b)
should occur every so often to ensure avoidance of future problems associated with risks and risk management; involves testing current systems and methods to minimize the likelihood of other issues arising
c)
a company may also take the opposite approach and invest in new resources if they feel their current ones are not substantial enough to handle the risks
d)
a company may decide to use what they currently have and try to modify and improve their existing methods and systems to handle the risks in a more efficient manner
e)
once the impacts of the risks have been predicted, a company can attempt to minimize the harmful effects that risks bring and prepare to handle them in the best way possible
46.
Technological Factors
a)
research and development, rate of technology changes
b)
determined by the ability and likelihood of customers finding another way to either make or provide the services or products a company offers
c)
should occur every so often to ensure avoidance of future problems associated with risks and risk management; involves testing current systems and methods to minimize the likelihood of other issues arising
d)
a company may also take the opposite approach and invest in new resources if they feel their current ones are not substantial enough to handle the risks
e)
a company may decide to use what they currently have and try to modify and improve their existing methods and systems to handle the risks in a more efficient manner
47.
Threats of New Entry
a)
deals with competition in that it pertains to the level of ease for competitors to be able to enter a company's market
b)
research and development, rate of technology changes
c)
determined by the ability and likelihood of customers finding another way to either make or provide the services or products a company offers
d)
should occur every so often to ensure avoidance of future problems associated with risks and risk management; involves testing current systems and methods to minimize the likelihood of other issues arising
e)
a company may also take the opposite approach and invest in new resources if they feel their current ones are not substantial enough to handle the risks
48.
PEST Analysis
a)
stands for Political, Economic, Social and Technological Analysis; examines the overall, external economy affecting a business
b)
deals with competition in that it pertains to the level of ease for competitors to be able to enter a company's market
c)
research and development, rate of technology changes
d)
determined by the ability and likelihood of customers finding another way to either make or provide the services or products a company offers
e)
should occur every so often to ensure avoidance of future problems associated with risks and risk management; involves testing current systems and methods to minimize the likelihood of other issues arising
49.
Economic Factors
a)
economic growth, supply and demand, interest rates
b)
stands for Political, Economic, Social and Technological Analysis; examines the overall, external economy affecting a business
c)
deals with competition in that it pertains to the level of ease for competitors to be able to enter a company's market
d)
research and development, rate of technology changes
e)
determined by the ability and likelihood of customers finding another way to either make or provide the services or products a company offers
50.
Social Factors
a)
demographics, cultural aspects, population growth rate
b)
economic growth, supply and demand, interest rates
c)
stands for Political, Economic, Social and Technological Analysis; examines the overall, external economy affecting a business
d)
deals with competition in that it pertains to the level of ease for competitors to be able to enter a company's market
e)
research and development, rate of technology changes
51.
Unique Selling Proposition (USP)
a)
distinguishes an organization's product or service from competitors due to certain unique characteristics
b)
demographics, cultural aspects, population growth rate
c)
economic growth, supply and demand, interest rates
d)
stands for Political, Economic, Social and Technological Analysis; examines the overall, external economy affecting a business
e)
deals with competition in that it pertains to the level of ease for competitors to be able to enter a company's market
52.
USP Analysis
a)
helps companies determine how to gain a competitive edge and position themselves so customers buy from them, and only them
b)
distinguishes an organization's product or service from competitors due to certain unique characteristics
c)
demographics, cultural aspects, population growth rate
d)
economic growth, supply and demand, interest rates
e)
stands for Political, Economic, Social and Technological Analysis; examines the overall, external economy affecting a business
53.
Global Business
a)
business which operates internationally
b)
helps companies determine how to gain a competitive edge and position themselves so customers buy from them, and only them
c)
distinguishes an organization's product or service from competitors due to certain unique characteristics
d)
demographics, cultural aspects, population growth rate
e)
economic growth, supply and demand, interest rates
54.
Specialization
a)
when a business creates the efficient production of a specific product or service
b)
business which operates internationally
c)
helps companies determine how to gain a competitive edge and position themselves so customers buy from them, and only them
d)
distinguishes an organization's product or service from competitors due to certain unique characteristics
e)
demographics, cultural aspects, population growth rate
55.
Comparative Advantage
a)
when a company sells goods and services at a lower price than its competitors and still gains larger profits
b)
when a business creates the efficient production of a specific product or service
c)
business which operates internationally
d)
helps companies determine how to gain a competitive edge and position themselves so customers buy from them, and only them
e)
distinguishes an organization's product or service from competitors due to certain unique characteristics
56.
Portfolio Investment
a)
investor purchases part of a company through stocks; no real control of company
b)
when a company sells goods and services at a lower price than its competitors and still gains larger profits
c)
when a business creates the efficient production of a specific product or service
d)
business which operates internationally
e)
helps companies determine how to gain a competitive edge and position themselves so customers buy from them, and only them
57.
Direct Investment
a)
investor purchases large part of a company; has direct control of company
b)
investor purchases part of a company through stocks; no real control of company
c)
when a company sells goods and services at a lower price than its competitors and still gains larger profits
d)
when a business creates the efficient production of a specific product or service
e)
business which operates internationally
58.
Foreign Exchange
a)
exchange of one currency for another; conversion of one currency into another
b)
investor purchases large part of a company; has direct control of company
c)
investor purchases part of a company through stocks; no real control of company
d)
when a company sells goods and services at a lower price than its competitors and still gains larger profits
e)
when a business creates the efficient production of a specific product or service
59.
Inflation
a)
rate at which the level of prices for goods and services are rising and purchasing is falling
b)
exchange of one currency for another; conversion of one currency into another
c)
investor purchases large part of a company; has direct control of company
d)
investor purchases part of a company through stocks; no real control of company
e)
when a company sells goods and services at a lower price than its competitors and still gains larger profits
60.
Interest Rate
a)
amount charged by a lender to a borrower for the use of their money
b)
rate at which the level of prices for goods and services are rising and purchasing is falling
c)
exchange of one currency for another; conversion of one currency into another
d)
investor purchases large part of a company; has direct control of company
e)
investor purchases part of a company through stocks; no real control of company
61.
Deficit
a)
when a country is spending more on foreign trade than it is earning
b)
amount charged by a lender to a borrower for the use of their money
c)
rate at which the level of prices for goods and services are rising and purchasing is falling
d)
exchange of one currency for another; conversion of one currency into another
e)
investor purchases large part of a company; has direct control of company
62.
Public Debt
a)
debt owed by a government
b)
when a country is spending more on foreign trade than it is earning
c)
amount charged by a lender to a borrower for the use of their money
d)
rate at which the level of prices for goods and services are rising and purchasing is falling
e)
exchange of one currency for another; conversion of one currency into another
63.
Terms of Trade
a)
export prices versus import prices
b)
debt owed by a government
c)
when a country is spending more on foreign trade than it is earning
d)
amount charged by a lender to a borrower for the use of their money
e)
rate at which the level of prices for goods and services are rising and purchasing is falling
64.
Political Stability
a)
investors look to support stable countries with strong economic performance
b)
export prices versus import prices
c)
debt owed by a government
d)
when a country is spending more on foreign trade than it is earning
e)
amount charged by a lender to a borrower for the use of their money
65.
Economic Integration
a)
different countries or regions agree to reduce or eliminate trade barriers and coordinate monetary and fiscal policies
b)
investors look to support stable countries with strong economic performance
c)
export prices versus import prices
d)
debt owed by a government
e)
when a country is spending more on foreign trade than it is earning
66.
Custom Union
a)
tariffs between member countries are predetermined and applied to other countries
b)
different countries or regions agree to reduce or eliminate trade barriers and coordinate monetary and fiscal policies
c)
investors look to support stable countries with strong economic performance
d)
export prices versus import prices
e)
debt owed by a government
67.
Common Market
a)
member countries are free to move factors of production within other member countries
b)
tariffs between member countries are predetermined and applied to other countries
c)
different countries or regions agree to reduce or eliminate trade barriers and coordinate monetary and fiscal policies
d)
investors look to support stable countries with strong economic performance
e)
export prices versus import prices
68.
Economic Union
a)
monetary and fiscal policies between member countries are coordinated by political integration
b)
member countries are free to move factors of production within other member countries
c)
tariffs between member countries are predetermined and applied to other countries
d)
different countries or regions agree to reduce or eliminate trade barriers and coordinate monetary and fiscal policies
e)
investors look to support stable countries with strong economic performance
69.
Political Union
a)
authority of one or more member countries is significantly reduced and a common, united government is put in place
b)
monetary and fiscal policies between member countries are coordinated by political integration
c)
member countries are free to move factors of production within other member countries
d)
tariffs between member countries are predetermined and applied to other countries
e)
different countries or regions agree to reduce or eliminate trade barriers and coordinate monetary and fiscal policies
70.
Imports
a)
goods or services brought into one country from another
b)
authority of one or more member countries is significantly reduced and a common, united government is put in place
c)
monetary and fiscal policies between member countries are coordinated by political integration
d)
member countries are free to move factors of production within other member countries
e)
tariffs between member countries are predetermined and applied to other countries
71.
Indirect Importing
a)
foreign goods and services are shipped into another country and received by a distributor, then sold to the consumer
b)
goods or services brought into one country from another
c)
authority of one or more member countries is significantly reduced and a common, united government is put in place
d)
monetary and fiscal policies between member countries are coordinated by political integration
e)
member countries are free to move factors of production within other member countries
72.
Direct Imports
a)
foreign goods and services are shipped into another country and received by the consumer without going through a middle man
b)
foreign goods and services are shipped into another country and received by a distributor, then sold to the consumer
c)
goods or services brought into one country from another
d)
authority of one or more member countries is significantly reduced and a common, united government is put in place
e)
monetary and fiscal policies between member countries are coordinated by political integration
73.
Exports
a)
goods or services which are produced in one country and are shipped to another country for sale or trade
b)
foreign goods and services are shipped into another country and received by the consumer without going through a middle man
c)
foreign goods and services are shipped into another country and received by a distributor, then sold to the consumer
d)
goods or services brought into one country from another
e)
authority of one or more member countries is significantly reduced and a common, united government is put in place
74.
Indirect Exporting
a)
goods are exported from a company through a third party company
b)
goods or services which are produced in one country and are shipped to another country for sale or trade
c)
foreign goods and services are shipped into another country and received by the consumer without going through a middle man
d)
foreign goods and services are shipped into another country and received by a distributor, then sold to the consumer
e)
goods or services brought into one country from another
75.
Direct Exporting
a)
company or manufacturer is more involved with the exporting process
b)
goods are exported from a company through a third party company
c)
goods or services which are produced in one country and are shipped to another country for sale or trade
d)
foreign goods and services are shipped into another country and received by the consumer without going through a middle man
e)
foreign goods and services are shipped into another country and received by a distributor, then sold to the consumer
76.
Balance of Trade
a)
difference between a country's imports and exports
b)
company or manufacturer is more involved with the exporting process
c)
goods are exported from a company through a third party company
d)
goods or services which are produced in one country and are shipped to another country for sale or trade
e)
foreign goods and services are shipped into another country and received by the consumer without going through a middle man
77.
Foreign Trade
a)
economic transactions between countries or other foreign entities
b)
difference between a country's imports and exports
c)
company or manufacturer is more involved with the exporting process
d)
goods are exported from a company through a third party company
e)
goods or services which are produced in one country and are shipped to another country for sale or trade
78.
Foreign Investment
a)
flow of capital from one nation to another in exchange for significant ownership stakes in domestic companies or other domestic assets
b)
economic transactions between countries or other foreign entities
c)
difference between a country's imports and exports
d)
company or manufacturer is more involved with the exporting process
e)
goods are exported from a company through a third party company
79.
Fair Trade
a)
type of trade movement which focuses on the improvement of trading circumstances
b)
flow of capital from one nation to another in exchange for significant ownership stakes in domestic companies or other domestic assets
c)
economic transactions between countries or other foreign entities
d)
difference between a country's imports and exports
e)
company or manufacturer is more involved with the exporting process
80.
Free Trade
a)
unconstrained purchase and sale of goods and services between countries without tariffs, duties or quotas
b)
type of trade movement which focuses on the improvement of trading circumstances
c)
flow of capital from one nation to another in exchange for significant ownership stakes in domestic companies or other domestic assets
d)
economic transactions between countries or other foreign entities
e)
difference between a country's imports and exports
81.
Employability
a)
set of achievements which make a person more appealing to a potential employer
b)
unconstrained purchase and sale of goods and services between countries without tariffs, duties or quotas
c)
type of trade movement which focuses on the improvement of trading circumstances
d)
flow of capital from one nation to another in exchange for significant ownership stakes in domestic companies or other domestic assets
e)
economic transactions between countries or other foreign entities
82.
Studying Abroad
a)
act of a student pursuing educational opportunities abroad
b)
set of achievements which make a person more appealing to a potential employer
c)
unconstrained purchase and sale of goods and services between countries without tariffs, duties or quotas
d)
type of trade movement which focuses on the improvement of trading circumstances
e)
flow of capital from one nation to another in exchange for significant ownership stakes in domestic companies or other domestic assets
83.
Global Linkage
a)
ability to compete and participate on the global market
b)
act of a student pursuing educational opportunities abroad
c)
set of achievements which make a person more appealing to a potential employer
d)
unconstrained purchase and sale of goods and services between countries without tariffs, duties or quotas
e)
type of trade movement which focuses on the improvement of trading circumstances
84.
Licensing
a)
agreement where one company, the licensor, makes an asset available to another company, the licensee, in exchange for some form of compensation
b)
ability to compete and participate on the global market
c)
act of a student pursuing educational opportunities abroad
d)
set of achievements which make a person more appealing to a potential employer
e)
unconstrained purchase and sale of goods and services between countries without tariffs, duties or quotas
85.
Export Management Companies
a)
independent firms which act as export sales departments for non-competing manufacturers
b)
agreement where one company, the licensor, makes an asset available to another company, the licensee, in exchange for some form of compensation
c)
ability to compete and participate on the global market
d)
act of a student pursuing educational opportunities abroad
e)
set of achievements which make a person more appealing to a potential employer
86.
Intellectual Property Rights
a)
rights given to persons over the creations of their minds
b)
independent firms which act as export sales departments for non-competing manufacturers
c)
agreement where one company, the licensor, makes an asset available to another company, the licensee, in exchange for some form of compensation
d)
ability to compete and participate on the global market
e)
act of a student pursuing educational opportunities abroad
87.
Global Copyright
a)
type of international law which protects the rights of creators or copyrighted works around the world
b)
rights given to persons over the creations of their minds
c)
independent firms which act as export sales departments for non-competing manufacturers
d)
agreement where one company, the licensor, makes an asset available to another company, the licensee, in exchange for some form of compensation
e)
ability to compete and participate on the global market
88.
Moral Rights
a)
ideas that a copyrighted work is the expression of the personality of its author or creator
b)
type of international law which protects the rights of creators or copyrighted works around the world
c)
rights given to persons over the creations of their minds
d)
independent firms which act as export sales departments for non-competing manufacturers
e)
agreement where one company, the licensor, makes an asset available to another company, the licensee, in exchange for some form of compensation
89.
Economic Rights
a)
rights of the creator to authorize use of, or to prohibit the use of a work and to set the conditions for its use
b)
ideas that a copyrighted work is the expression of the personality of its author or creator
c)
type of international law which protects the rights of creators or copyrighted works around the world
d)
rights given to persons over the creations of their minds
e)
independent firms which act as export sales departments for non-competing manufacturers
90.
Trademark
a)
brand name used to identify and distinguish the goods or services of one seller from those of others and to indicate the source of the goods/services
b)
rights of the creator to authorize use of, or to prohibit the use of a work and to set the conditions for its use
c)
ideas that a copyrighted work is the expression of the personality of its author or creator
d)
type of international law which protects the rights of creators or copyrighted works around the world
e)
rights given to persons over the creations of their minds
91.
Global Logistics
a)
transport, handling and storage of funds, goods and information outside and inside the production process
b)
brand name used to identify and distinguish the goods or services of one seller from those of others and to indicate the source of the goods/services
c)
rights of the creator to authorize use of, or to prohibit the use of a work and to set the conditions for its use
d)
ideas that a copyrighted work is the expression of the personality of its author or creator
e)
type of international law which protects the rights of creators or copyrighted works around the world
92.
Global Job Market
a)
global market in which employers across the world may search for potential employees in foreign countries and vice versa
b)
transport, handling and storage of funds, goods and information outside and inside the production process
c)
brand name used to identify and distinguish the goods or services of one seller from those of others and to indicate the source of the goods/services
d)
rights of the creator to authorize use of, or to prohibit the use of a work and to set the conditions for its use
e)
ideas that a copyrighted work is the expression of the personality of its author or creator
93.
Multinational Company
a)
company which has its facilities and other assets in at least one country other than its home country
b)
global market in which employers across the world may search for potential employees in foreign countries and vice versa
c)
transport, handling and storage of funds, goods and information outside and inside the production process
d)
brand name used to identify and distinguish the goods or services of one seller from those of others and to indicate the source of the goods/services
e)
rights of the creator to authorize use of, or to prohibit the use of a work and to set the conditions for its use
94.
Bilingualism
a)
ability to speak two or more languages
b)
company which has its facilities and other assets in at least one country other than its home country
c)
global market in which employers across the world may search for potential employees in foreign countries and vice versa
d)
transport, handling and storage of funds, goods and information outside and inside the production process
e)
brand name used to identify and distinguish the goods or services of one seller from those of others and to indicate the source of the goods/services
95.
Risk
a)
a situation that presents the chance of a loss due to probabilities unknown
b)
ability to speak two or more languages
c)
company which has its facilities and other assets in at least one country other than its home country
d)
global market in which employers across the world may search for potential employees in foreign countries and vice versa
e)
transport, handling and storage of funds, goods and information outside and inside the production process
96.
Economic Risk
a)
a risk which results in the decline of a company's economic value from currency movements, which causes a loss in competitive strength
b)
a situation that presents the chance of a loss due to probabilities unknown
c)
ability to speak two or more languages
d)
company which has its facilities and other assets in at least one country other than its home country
e)
global market in which employers across the world may search for potential employees in foreign countries and vice versa
97.
Exchange Rate Risk
a)
a risk in which the exchange rates of either of the two countries will fluctuate
b)
a risk which results in the decline of a company's economic value from currency movements, which causes a loss in competitive strength
c)
a situation that presents the chance of a loss due to probabilities unknown
d)
ability to speak two or more languages
e)
company which has its facilities and other assets in at least one country other than its home country
98.
Credit/Sale Risk
a)
a risk associated with the sale and accompanying transactions between two foreign markets
b)
a risk in which the exchange rates of either of the two countries will fluctuate
c)
a risk which results in the decline of a company's economic value from currency movements, which causes a loss in competitive strength
d)
a situation that presents the chance of a loss due to probabilities unknown
e)
ability to speak two or more languages
99.
High Dependency Risk
a)
occurs when a country depends too greatly on imports from one single country or when a country depends too greatly on exporting a very large number of exports to one single country
b)
a risk associated with the sale and accompanying transactions between two foreign markets
c)
a risk in which the exchange rates of either of the two countries will fluctuate
d)
a risk which results in the decline of a company's economic value from currency movements, which causes a loss in competitive strength
e)
a situation that presents the chance of a loss due to probabilities unknown
100.
Political Risk
a)
a risk of politically motivated interference of a foreign government
b)
occurs when a country depends too greatly on imports from one single country or when a country depends too greatly on exporting a very large number of exports to one single country
c)
a risk associated with the sale and accompanying transactions between two foreign markets
d)
a risk in which the exchange rates of either of the two countries will fluctuate
e)
a risk which results in the decline of a company's economic value from currency movements, which causes a loss in competitive strength
101.
Legal Risk
a)
a risk related to the influence of a defect in the documentation on cash flow or dept service
b)
a risk of politically motivated interference of a foreign government
c)
occurs when a country depends too greatly on imports from one single country or when a country depends too greatly on exporting a very large number of exports to one single country
d)
a risk associated with the sale and accompanying transactions between two foreign markets
e)
a risk in which the exchange rates of either of the two countries will fluctuate
102.
Purchasing Power
a)
also called buying power; the value of money measured by the quality and quantity of products and services the money can by
b)
a risk related to the influence of a defect in the documentation on cash flow or dept service
c)
a risk of politically motivated interference of a foreign government
d)
occurs when a country depends too greatly on imports from one single country or when a country depends too greatly on exporting a very large number of exports to one single country
e)
a risk associated with the sale and accompanying transactions between two foreign markets
103.
GDP
a)
Gross Domestic Product; total market value of all goods and services which are produced within a country during a given period
b)
also called buying power; the value of money measured by the quality and quantity of products and services the money can by
c)
a risk related to the influence of a defect in the documentation on cash flow or dept service
d)
a risk of politically motivated interference of a foreign government
e)
occurs when a country depends too greatly on imports from one single country or when a country depends too greatly on exporting a very large number of exports to one single country
104.
Foreign Debt
a)
the money a country owes another country
b)
Gross Domestic Product; total market value of all goods and services which are produced within a country during a given period
c)
also called buying power; the value of money measured by the quality and quantity of products and services the money can by
d)
a risk related to the influence of a defect in the documentation on cash flow or dept service
e)
a risk of politically motivated interference of a foreign government
105.
Franchise
a)
a licensed property, trademark or concept to another entity by a business owner
b)
the money a country owes another country
c)
Gross Domestic Product; total market value of all goods and services which are produced within a country during a given period
d)
also called buying power; the value of money measured by the quality and quantity of products and services the money can by
e)
a risk related to the influence of a defect in the documentation on cash flow or dept service
106.
Strategic Alliance
a)
agreements between companies or partners to reach objectives of a common interest
b)
a licensed property, trademark or concept to another entity by a business owner
c)
the money a country owes another country
d)
Gross Domestic Product; total market value of all goods and services which are produced within a country during a given period
e)
also called buying power; the value of money measured by the quality and quantity of products and services the money can by
107.
Joint Venture
a)
a contractual agreement combining two businesses to execute a certain business undertaking
b)
agreements between companies or partners to reach objectives of a common interest
c)
a licensed property, trademark or concept to another entity by a business owner
d)
the money a country owes another country
e)
Gross Domestic Product; total market value of all goods and services which are produced within a country during a given period
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