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Finals > IBT Finals > Flashcards

IBT Finals Flashcards

1
Q

From the organizational participants intemational business begins from the __________

A

Focal firms

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2
Q

The firm involved in promoting the product of the local firm is the _____

A

Distribution channel/intermediary

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3
Q

_____ are the drivers of economies of many countries in the world including the Phillippines and Indonesia.

A

SMEs

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4
Q

The _________ is the idea businesses due to some gains derived from operating in foreign lands.

A

The Theory of International New Ventures

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5
Q

The ________ the problem stemming from a company not knowing fully the things it takes to operate in a different county.

A

Liability of foreignness

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6
Q

The other term for tariffs is ___

A

duties

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7
Q

Customs procedures and quotas are examples of _____

A

Non- Tariff Barriers

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8
Q

_____ limits the accumulation. of foreign firms in the country.

A

Investment Restriction

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9
Q

Mc Donald’s Phillippines’ use of locally grown vegetables for its Big Mac is a manifestation of its adherence to ____

A

Local Content Requirements.

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10
Q

_____ government assistance in the form of or low cost of borrowed

A

Subsidies

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11
Q

is a govemment policy of shielding local industries from overseas competition.

A

Protectionism

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12
Q

Govemment subsidies benefit both the local firms and ______

A

MNE’s.

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13
Q

In privatization, private investors buy

A

State owned enterprises.

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14
Q

is a local government’s way of governing and managing the repatriation of money of companies in their home countries.

A

Currency Contol

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15
Q

The home country of Jco

A

Indonesia

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16
Q

steers the way do their trade.

A

World trade organization

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17
Q

The United Nations is responsible in preserving peace and

A

Global stability

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18
Q

advances the economic goals of industrialized countries.

A

OECD/ ORGANIZATION OF ECONOMIC COOPERATION AND DEVELOPMENT

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19
Q

The OPEC mainly controls ____ which affect business operations.

A

Oil Prices

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20
Q

The __ is like the mother of all Central Banks due to its role as the ultimate financial institution for countries with distressed economies.

A

IMF/ International monetary fund

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21
Q

is a formal agreement between countries to lessen or case trade barriers and facilitate the better flow of goods and services.

A

Free Trade Agreement

22
Q

When free trade it is between two countries, it is called

A

Bilateral

23
Q

The Philippines’ first bilateral FTA was with the country of___ signed in 2006.

A

Japan

24
Q

ASEAN FTA is a ____ between china, india, korea, japan Australia and New Zealand.

A

Multilateral FTA

25
Q

ASEAN is a regional economic integration composed of __ countries.

A

10

26
Q

The ______ is the econimic union of countries in the world smallest continent.

A

European Union

27
Q

USSR is an example of

A

Political Union.

28
Q

In customs union, _____ is highly encouraged t to be practiced by firms.

A

Competition

29
Q

Among the countries with competition law are the United States and __

A

China

30
Q

The management implications of regional Integration are internationalization by firms inside andoutside the economic, rationalization of operations,regional products and marketing strategy, and ___

A

Mergers and acquisitions

31
Q

is a mechanism for the conversion of foreign currencies.

A

Foreign exchange system

32
Q

In a foreign exchange system, the amount of conversion of a currency depends on the current

A

Exchange rate

33
Q

is the result of exchanging a currency with a value that has declined.

A

Currency risk

34
Q

is the inflow and outflow of foreign currencies in a certain country.

A

Balance of payment

35
Q

When there are more entering the country, there is balance of payment surplus.

A

Foreign currencies

36
Q

represents the cost of borrowing money.

A

Interest

37
Q

Higher interest rates may attract more foreign capital, causing the to rise.

A

Exchange rate

38
Q

is an exchange rate system where the country’s currency price is determined by the relative supply and demand of other currencies.

A

Floating exchange rate

39
Q

is the amount of money by the Central Bank to the commercial banks to be kept to meet liabilities in case of sudden withdrawals.

A

Reserve requirement

40
Q

For commercial banks to gain from the money they borrowed from the Central Bank, they must impose a higher interest rate than the ___ rate charged by the latter.

A

Rediscount

41
Q

1.-4. Factors that impact the currency supply and demand.

A

Economic growth
Interest rate
Market psychology
Political action

42
Q

5.-7. Composition of global financial system

A

Central banks
Commercial banks
Stock exchanges

43
Q

8.-10. Monetary systems.

A

Floating exchange rate
Fixed exchange rate
Managed (dirty) float

44
Q

1.-3. Groups involved in international business

A

Firms
Government
Institution

45
Q

4.-6. Organizations comprising the international or global value chain

A

Focal firm
Distribution channel intermediary
Facilitator

46
Q

7.-11. Key concepts in international business

A

Liability of foreignness
Firm specific advantage
Country specific advantage
Global integration
Local responsiveness

47
Q

12.-17. Government interventions in international business

A

Trade barriers
Non tariff barriers
Investment restriction
Currency controls
Local content requirements
Subsidies

48
Q

18.-24, Institutions that regulate the global business system

A

World trade organization
International monetary fund
World bank
United nations
OECD
BRICS
OPEC

49
Q

25.-29. Countries comprising the BRICS

A

Brazil
Russia
India
China
South africa

50
Q

30.-34. Economic integration.

A

Free trade area
Customs union
Common market
Economic union
Political union

51
Q

35.-44. ASEAN member countries

A

Brunei
Cambodia
Indonesia
Laos
Myanmar
Malaysia
Philippine
Singapore
Thailand
Vietnam

Finals (3 decks)

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