Bus 310 midterm exam - Study guides, Class notes & Summaries

This is a comprehensive and detailed midterm exam answers for Bus 310. *Essential Study Material!!

Liberalism -ANSWER Government rule is to create rules of the game and enforce them so everyone can participate fairly; everyone is better off from trade due to the increase of economic effeciency Mercantilism -ANSWER Humans are selfish and markets cannot function w/o state intervention; national wealth and power is sole goal which can be achieved through protectionism; zero-sum game of exporting more than importing (gain for one equals loss for another) State Capitalism -ANSWER The use of ...

International Business -ANSWER business activities that involve the transfer across nations- resources, goods, services, and information International Trade -ANSWER exchange of products/services across national borders. Typically through importing and exporting International Portfolio Investment (IPI) -ANSWER passive ownership of foreign securities (stocks and bonds) for the purpose of generating financial return Foreign Direct Investment (FDI) -ANSWER a firm invests directly in product...

Bus 310 Midterm EXAM Trade associations, such as a dairy association, frequently conduct surveys to identify characteristics of their membership. If a particular organization conducted a survey to estimate the annual per capita consumption of milk and wanted to be 95% confident that the estimate was no more than 0.66 gallon away from the actual average, what sample size is needed? Past data have indicated that the standard deviation of consumption is approximately 3 gallons. 79 79....

George Mason University BUS 310 mid-term exam part 1 &2 excel questions