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International Money and Business summary 2023

business research - -application of scientific method in searching for the truth about business phenomena (defining business opportunities and problems, generating and evaluating ideas, etc) -applied business research - -research conducted to address a specific business decision for a specific fir...

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International Money and Business summary 2023

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What determines foreign exchange rates? - -Foreign Exchange Rate: price of one currency such as the dollar in terms of another, such as the euro. Appreciation: increase in the value of the currency Depreciation: Is a loss in the value of the currency When US sells to China, they demand to be ...

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International Money and Business summary Questions and Answers 2023

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What is the statement of account that shows all transactions between the residents of one country and the rest of the world for a given period of time called? a. services balance b. income balance c. balance of payments d. trade balance - -c. balance of payments -How many major accounts compr...

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International Money and Business summary Questions and Answers 2023

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Absolute advantage - -a situation where a country can produce a good or service at a lower cost than other countries. -Balance of payments - -the difference between the amount of money that comes into a country and the amount that goes out of a country. -Balance of trade - -the difference betw...

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International Money and Business summary Questions and Answers 2023

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1) ____________ is used as an effort to increase national wealth, improve the balance of trade, and to protect domestic industries/workers by imposing restrictions on imports. - -Protectionism -2) Which of these is NOT normally considered a barrier to entry? a. Being unable to access specific bu...

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International Money and Business summary Questions and Answers

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What are the differences between a floating exchange and a fixed exchange rate policy? - -1.) 1. Floating Exchange Rate Policy: a government policy to let demand and supply conditions determine exchange rates 2. Fixed Exchange Rate Policy: a government policy to set the exchange rate of a currency...

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International Money and Business summary [211581]2023

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Jameson Electric Corp. would use the foreign exchange market when it needs to - -convert currency. -Able Appliances needs to convert the pounds it earns from selling products in Great Britain to dollars. What mechanism allows the company to make this conversion? - -foreign exchange market -For...

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International Money and Business (Level A+) Questions and Answers 2023

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money - -a standard of value and a means of exchange or payment -monetary system - -A system in which goods and services are directly exchanged using money -financial institution - -A business that provides money-related services. -bank account - -a record of the amount of money a customer ...

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CE225 WK 3 Business Plan Flashcards Questions and Answers 2023

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It's a common misperception that a business plan is primarily used for raising capital. - -True -When presenting your plan, you should tailor the information, style, and format of the presentation to the information needs and formatting preferences of your audience. - -True -Your business pla...

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Chapter 2 Quiz Managerial Economics and Business Strategy 8e 2023

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A simultaneous decrease in demand and supply will unambiguously A) raise the equilibrium price. B) lower the equilibrium price. C) lower the equilibrium quantity. D) raise the equilibrium quantity. - -C) lower the equilibrium quantity. -An excise tax placed on the producer of an item will...

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Chapter 6 - Business Strategy: Differentiation, Cost Leadership, and Blue Oceans Questions and Answers 2023

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Business-level strategy - -the goal-directed actions managers take in their quest for competitive advantage when competing in a single product market -require a choice: strategic trade-off that arise between value and cost -"How will we compete to gain & sustain competitive advantage?" - -Who-...

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