Flashcard Terms (G's)
GAAP
A collection of generally accepted accounting principles used in the United States
Geocentric
HR strategy that takes a whole-world view of the company, hiring the best people for positions regardless of location
Geographic Departmentalization
Organizing a company’s people, tasks, and resources based on a geographic region
Gini coefficient
Measures the inequality among values of a frequency distribution such as levels of income
Global integration
The degree to which a company is able to use the same products and methods in multiple countries
Globalization
Worldwide interconnections in virtually every sphere of activity including the spread of products, technology, information, and job opportunities. Globalization can result in blurred boundaries between nations, organizations, and investors
Glocalization
The process of adapting to local markets while maintaining a global identity
Government procurement programs
The process of buying goods and services by a government agency through a specific process of issuing bid proposals and seeking responses from companies.
Government subsidies
Money paid by the government to help an organization or industry reduce its costs
Graphic User Interface
A type of interface that allows users to interact with electronic devices through graphical icons and visual indicators instead of text
grease payments
A business practice of paying small inducements in order to expedite decisions and transactions
gross domestic product (GDP)
The total value of goods and services provided in a country in a one-year period
gross national product (GNP)
The total value of goods and services provided by a country, both inside and outside of its borders, in a one-year period
Guanxi
Concept in China that describes a connection based on reciprocity
