absolute quota - ANS Quota that strictly limits the quantity of goods that may enter a
country
acquisition - ANS The act of taking over ownership or controlling a business
Ad valorem tariffs - ANS Import taxes based on a fixed percentage of the assessed
commercial value of imported goods
antitrust laws, antimonopoly laws, competition laws - ANS Consumer protection policy used
to limit unfair business practices related to competition and control of prices
autarky - ANS A political or economic system that becomes self-sufficient to survive
centralized companies - ANS Companies with structures that limit decision-making to higher
levels in the organizational hierarchy
collectivist - ANS Focused on the good of the group or society over the individual
Compound tariffs - ANS Taxes on imported goods that are a combination of a fixed amount
and an amount based on the value of the goods
conglomerates - ANS Large corporations made up of several combined companies, often
formed through mergers and takeovers
convertible - ANS A currency that can be used to buy or sell without government restrictions
Countervailing duties - ANS Import taxes imposed on certain goods to prevent dumping or
counter export subsidies
Currency futures contracts - ANS Contracts that require the exchange of a specific amount
of currency at a specific future date and at a specific exchange rate
Currency option contracts - ANS The option or the right to exchange a specific amount of
currency on a specific future date and at a specific agreed-on rate
Currency risk - ANS The risk of a change in the exchange rate that will have an adverse
effect.
, Currency swap contracts - ANS A simultaneous buy and sell of a currency for two different
dates
Current-rate method - ANS A method of foreign currency translation that translates items on
financial statements at the current exchange rate
Customer departmentalization - ANS Organizing a company's people, tasks, and resources
based on the type of customer served
data mining - ANS A class of sophisticated database applications that look for hidden
patterns in a group of data to help track and predict future behavior
databases - ANS An electronic filing system that collects and organizes data and
information
decentralized companies - ANS Companies with structures that distribute the authority to
make decisions to lower levels of employees who are closer to the problem
departmentalization - ANS Grouping a business's people, tasks, and resources into units
digital divide - ANS The inequality between groups to access knowledge and use of
information in communication technologies
Divisional structure - ANS An organizational structure grouping employees into departments
based on products, processes, or geographic regions
DNS blocking - ANS A strategy that makes it difficult for users to locate specific domains or
websites on the internet
domestic - ANS Related to home or place of origin
dumping - ANS When a country or company exports a product at a price that is below
market price to gain an unfair share of the market
Economic inefficiency - ANS An economic state in which every resource is not optimally
allocated to serve each individual or entity in the best way possible by minimizing waste and
inefficiency
economic sanctions - ANS Commercial and financial penalties applied by one or more
countries against a targeted self-governing state, group, or individual
embargos - ANS An order of a government prohibiting the departure of commercial ships
from its ports
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller excellentrevision964. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.49. You're not tied to anything after your purchase.