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BA 60 > Unit 3 - The Environment of International Business > Flashcards

Unit 3 - The Environment of International Business Flashcards

1
Q

It refers to the surroundings.

A

Environment

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2
Q

It refers to the surroundings.

A

Environment

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3
Q

It means the factors/activities that surround or encircle international business

A

International Business Environment

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4
Q

This refers to factors that affect or influence multinational corporations.

A

Business Environment

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5
Q

This affects or influences the business from within. They include human resource management, trade unions, organizational structure, financial management, marketing management, and production management, as well as management/leadership styles.

A

Internal Environmental Factors

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6
Q

This includes customers, competitors, market intermediaries, raw material suppliers, finance providers, shareholders, and stakeholders.

A

Microexternal Environmental Factors

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7
Q

This includes social and cultural factors, technological, economic, political, and government factors, and international, and natural factors.

A

Macro-external Environmental Factors or External Macroenvironmental Factors

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8
Q

What does INTERNAL ENVIRONMENTAL FACTORS reveal?

A

Company’s strengths and weaknesses

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9
Q

What does MICRO and MACRO EXTERNAL ENVIRONMENTAL FACTORS highlight?

A

growth opportunities

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10
Q

This helps businesses develop effective strategies.

A

SWOT Analysis

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11
Q

These are forces in the global environment that directly increase or decrease a company’s sales revenues or operating costs

A

External Microenvironment

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12
Q

These are individuals and companies that provide a company with the resources that it needs to produce goods or services.

A

Suppliers

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13
Q

They are responsible for searching out the lowest cost, best quality inputs no matter where they are located.

A

Purchasing Managers of MNCs

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14
Q

They link companies that make products with the customers who buy them.
They make it easier for stores to locate the goods they will sell.

A

Distributors

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15
Q

They vie to obtain a larger share of the market.

A

Competitors

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16
Q

Unstable political environment may be caused by? (CAC)

A
  1. Civil difficulties
  2. Acts of terrorism
  3. Conflicts between countries in a particular region
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17
Q

It focuses on prosecuting individuals for serious crimes like genocide, war crimes, and crimes against humanity.

A

ICC (International Criminal Court)

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18
Q

It settles legal disputes between states and gives advisory opinions on international legal issues.

A

ICJ (International Court of Justice)

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19
Q

Nations that span in more than one continent.
These countries have territories located in two or more continents, often resulting in diverse cultures, languages, and geography.

A

Transcontinental Countries
Example: Russian (Europe and Asia) and Egypt (Africa and Asia)

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20
Q

Five biggest countries in the world by land area

A
  1. Russia
  2. Canada
  3. China
  4. USA
  5. Brazil
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21
Q

Group that is tagged by government as TERRORISTS

A

CPP-NPA (Communist Party of the Philippines - New People’s Army: armed wing)

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22
Q

Two main sources of political problems

A

Political Sovereignty
Political Conflict

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23
Q

It refers to a country’s desire to assert its authority over foreign business through various sanctions.

A

Political Sovereignty

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24
Q

T or F
Many of the less-developed countries impose restrictions on foreign business to protect their independence.

A

True

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25
Q

T or F
Among the developed countries, multi-nationalism of business is not politically acceptable and economically desirable.

A

False

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26
Q

It refers to an instant upheaval on a massive scale against an established regime.

A

Turmoil

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27
Q

It is a large scale, organized violence against a government.

A

Internal War

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28
Q

It represents an instant, planned act of violence against those in power.

A

Conspiracy

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29
Q

Direct effects of political conflict
a. changes in policy
b. violence against firms

A

B

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30
Q

Indirect effects of political conflict
a. changes in policy
b. violence against firms

A

A

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31
Q

It is a decision on the part of the host country government that may force a change in the operations, policies, and strategies of a firm.

A

Political Intervention

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32
Q

Ways on how a host country can intervene (IM LEP TED)

A

I - Import Restrictions
M - Market Control
L - Labor Restrictions
E - Expropriation
P - Price Control
T - Tax Control
E - Exchange Control
D - Domestication

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33
Q

This is the official seizure of foreign property by a host country whose intention is to use the seized property in the interest of the public.
- with prompt compensation at FMV in convertible currencies

A

Expropriation

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34
Q

It is a creeping expropriation.
It is a process by which controls and restrictions placed on a foreign firm gradually reduce the control of the owners.

A

Domestication

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35
Q

It is to regulate hard currency balances.

A

Exchange Control

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36
Q

It is to set quota.
It is to support native industries.
MNCs may be forced to depend on local sources of supply for the needed raw materials.

A

Import Restrictions

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37
Q

The government of a country sometimes imposes control to prevent foreign companies from competing in certain markets.

A

Market Control

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38
Q

An indirect way of warning that MNC is no longer wanted in the country.
When a country is in dire need of new resources.

A

Tax Control

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39
Q

Price regulations on basic commodities, utilities, and gasoline

A

Price Control

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40
Q

Presence of labor unions
Labor demands transformed into law

A

Labor Restrictions

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41
Q

Three types of political system

A
  1. Democracy
  2. Authoritarianism and Totalitarianism
  3. Monarchy
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42
Q

It is formed through regular elections and have different party systems that hold different views on how the country’s economy can be strengthened.

A

Democracy

43
Q

Strict obedience and lack of personal freedom

A

Authoritarianism and Totalitarianism

44
Q

It is rigidly regulated by complete government control of all business activities.

A

Communism
Examples: North Korea, Cuba, Myanmar/Burma

45
Q

It is rigidly regulated by complete government control of all business activities.

A

Communism
Examples: North Korea, Cuba, Myanmar/Burma

46
Q

Authoritarian regime

A

Dictatorship

47
Q

Government whose ruler derives power through inheritance
Power is in a single individual

A

Monarchy

48
Q

One head of state and head of the government

A

Pure/Absolute Government

49
Q

One titular head of the state and one head of the government

A

Constitutional Monarchy

50
Q

A group that commits unlawful acts just to promote their interests.

A

Terrorism

51
Q

Symptoms that could point toward the instability of government (GAPCoPo)

A
  • Government crises (opposition vs. government
  • Armed Attacks by one group of people on another, or by groups from a neighboring country
  • Public unrest (demonstrations, riots)
  • Coup
  • Politically motivated assasinations
52
Q

Host country must manage its economy according to “______” and not by “_____.”

A

sound economic principles
political emotions

53
Q

Most developing countries are afraid of ______ and ______.

A

domination
exploitation

54
Q

It can be measured by its relationship with the rest of the world.
Has respect for international laws and membership in international and regional organizations.

A

International Stance of the Government

55
Q

ASEAN countries (BCLIMMPSTV)

A

Brunei Darussalam
Cambodia
Laos
Indonesia
Myanmar
Malaysia
Philippines
Singapore
Thailand
Vietnam

56
Q

Three reasons of having host country laws

A
  1. to control foreign businesses in their economies
  2. to allow reciprocity with nations on good trading terms
  3. may have political aims
57
Q

Host Country Laws (FEAT)

A
  1. Tariffs
  2. Anti-dumping Laws
  3. Export/Import Licensing
  4. Foreign Investment Regulations
58
Q

A tax that government levies om exports/imports.

A

Tariffs

59
Q

Offering large blocks of production on a market at low prices to undercut competition

A

Dumping

60
Q

Obtaining licenses before engaging in trade accross national boundaries

A

Export/Import Licensing

61
Q

Includes policies on screening criteria, ownership, fiancé, employment and training, technology transfer, dispute settlement, etc.

A

Foreign Investment Regulations

62
Q

The goods of material nature.
They can be perceived by senses.

A

Tangible Assets

63
Q

The goods of immaterial nature.
They are incapable of being perceived by the senses.

A

Intangible Assets

64
Q

It is acquired by occupation and intellectual creation.

A

Ownership (Article 712 of CCP)

65
Q

_____ and _____ have become the most important resource, replacing land, energy, and raw materials.

A

Intellectual capital ideas
Innovations

66
Q

Most important asset of a company

A

Intellectual Property

67
Q

It refers to any creation or product of the human mind.

A

Intellectual Property

68
Q

It may be expressed in the form of original ideas, expressions, and processes.

A

Intellectual Property

69
Q

It describes ideas, inventions, technologies, artworks, music, and literature, that are intangible when first created, but become valuable in tangible form as products.

A

Intellectual Property

70
Q

It is a specialized agency of the UN that aims to promote and protect intellectual property (IP) rights globally.

A

WIPO (World Intellectual Property Organization)

71
Q

It comes from the Latin phrase, LITTERAE PATENTES, which means an open letter.

A

Patent

72
Q

Such letters were used by medieval monarchs to confer rights and privileges.
With a royal seal, the letters served as proof of those rights, for all to see.

A

Patent

73
Q

Patent - generally acknowledged that the first informal system was developed in _____.

A

Renaissance Italy

74
Q

Patent system was introduced into the rest of Europy by ______ to protect their skills against those of local workers,

A

émigré Venetian glass-blowers

75
Q

The first recorded patent of invention was granted to ______ by ______.

A

John of Utynam
King Henry VI

76
Q

In 1449, John of Utynam was awarded a ______ for glass-making process.

A

20-year monopoly

77
Q

These are supra-national patent-issuing authorities.
These bodies enable patent applications to be filed simultaneously in a number of countries.

A

European Patent Office and WIPO

78
Q

Intellectual Property Code of the Philippines

A

RA 8293

79
Q

It is the government agency in charged with the implementation of the law protecting intellectual property rights in the Philippines provided under RA 8293.

A

IPOPHL (IP Office of the Philippines)

80
Q

Current director general of IPOPHL

A

Rowel Barba

81
Q

It is the legal protection extended to the owner of the rights in an original work.

A

Copyright

82
Q

This is a grant issued by the government through IPOPHL.

A

Patent

83
Q

It is an exclusive right granted for a product, process, or an improvement of a product or process which is new, involves inventive step, and is industrially applicable.

A

Patent

84
Q

Informations on the patent is available to the public through _____.

A

IP Philippines Official Gazette and Library

85
Q

It is any technical solution to a problem in any field of human activity which is new (novel), involves an inventive step, and is industrially applicable.

A

Patentable Invention

86
Q

Can an invention be considered new if it forms part of a prior art?

A

No

87
Q

This is everything made available to the public by means of written description, oral description, by use, or any other way before the filing date of the application.

A

Prior Art

88
Q

If you have already disclosed or published your inventions in a journal, demonstrate, sell or discuss your invention in public, you can still file a patent within _____ from the date of disclosure or publication.

A

Grace Period or Non-Prejudicial Disclosure of 1 YEAR

89
Q

It is not obvious to a person skilled in the art.

A

Inventive Step

90
Q
  • Lacking an inventive step
  • Does not go beyond the normal progress of technology
  • Follows plainly or logically from the prior art
  • Does not involve the exercise of any skill or ability beyond that to be expected of a person skilled in the art
A

Obvious

91
Q

A fictional person with no inventive ability

A

Person Skilled in the Art

92
Q

It is any tehcnical solution of a problem in any field of human activity which is new and is industrially applicable.

A

Utility Model

93
Q
  • Any composition of lines or colors
  • Any 3D form
  • Given special appearance and serves as pattern to an industrial product or handicraft
A

Industrial Design

94
Q
  • Any composition of lines or colors
  • Any 3D form
  • Given special appearance and serves as pattern to an industrial product or handicraft
A

Industrial Design

95
Q

The design must be NEW or ORIGINAL, ORNAMENTAL, useful, and can be mass produced.

A

Industrial Design

96
Q

Designs that are new and industrially applied to articles

A

Registrable Designs

97
Q

Designs that are contrary to public policy or morality

A

Non-Registrable Designs

98
Q

Are designs not new or original considered registrable designs?

A

No (Non-Registrable Designs)

99
Q

Can registered designs be licensed or sold?

A

Yes

100
Q

These are signs that are used to distinguish the goods or services of a company from those of others.

A

Trademarks

101
Q
  • Original topography (picture of a surface) of elements
  • 3D disposition prepared for an IC intended for manufacture
A

Layout-Design or Topographies of Integrated Circuits

102
Q

It is any visible sign capable of distinguishing the goods or services produced or provided by one enterprise from those of other enterprise.

A

Trademark

103
Q

Your mark will not be registered if it is:

A
  1. Descriptive (describes the characteristics)
  2. Misleading (likely to deceive or have the tendency to misinform)
  3. Generic and customary to trade
  4. Contrary to public policy and morality (common in everyday language or usage)
  5. Marks that may cause confusion (identical)
104
Q

Identify a good as originating in territory, region, or locality, where given quality, reputation, or other characteristic of the good is essentially attributable to its geographical origin.

A

Geographical Indications

BA 60 (5 decks)

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