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International Business 220 Final Exam 75 Questions with Verified Answers,100% CORRECT

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International Business 220 Final Exam 75 Questions with Verified Answers Foreign Exchange - CORRECT ANSWER Global Market for trading currency, largest market in the world Fixed Exchange rate - CORRECT ANSWER the government sets a specific rate, often against another currency. Bank buys and sells own currency to maintain rate Floating - CORRECT ANSWER Determined by private market through supply and demand. If demand is low, value decreases, creating more jobs and correctnig itself Fl...

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INTL 220 chapter 1,5,6,7,8,11 and 13 Exam 166 Questions with Verified Answers,100% CORRECT

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INTL 220 chapter 1,5,6,7,8,11 and 13 Exam 166 Questions with Verified Answers What are some important institutions in international Business. - CORRECT ANSWER economic institutions: markets, individual rights, contracts and patents political institutions: political system states and markets, public goods, taxaxion Economic institutions- markets - CORRECT ANSWER interactions between supply and demand-free to buy, sell, trade set values, prices and servicea property ownership - CORR...

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INT BUS 220 Exam 107 Questions with Verified Answers,100% CORRECT

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INT BUS 220 Exam 107 Questions with Verified Answers Which of the following is an implication of high degree of managerial mobility in societies the emphasize individualism? - CORRECT ANSWER Lack of company-specific experience, knowledge, and a network of contacts among managers. Globalization critics argue that the decline in unskilled wage rates in advanced economies is due to the: - CORRECT ANSWER Migration of low-wage manufacturing job offshore. In the context of changing political ...

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INT BUS 220 Test 1 Exam 130 Questions with Verified Answers,100% CORRECT

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INTBUS 220 Test 1 Exam 130 Questions with Verified Answers A country characterized with low uncertainty avoidance and low masculinity will: - CORRECT ANSWER be less resistant to change and less distinguishing between men and women in the same job. Adoption of which of the following ethical approaches is most likely to cause a company to use tools such as cost-benefit analysis and risk assessment to weigh all of the social benefits and costs of a business action? - CORRECT ANSWER Utilitaria...

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International Business 220 Midterm Exam 129 Questions with Verified Answers,100% CORRECT

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International Business 220 Midterm Exam 129 Questions with Verified Answers Which of the following statements is true about the global changes in political and economic systems? - CORRECT ANSWER Many of the undeveloped and impoverished national markets of eastern Europe, Latin America, Africa, and Asia are potentially enormous for international business. When Galaxy Ventures, a real estate company, entered the low cost housing business, the market was already saturated with other players. ...

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SNHU INT 220 Week 5 Exam 33 Questions with Verified Answers,100% CORRECT

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SNHU INT 220 Week 5 Exam 33 Questions with Verified Answers Accounting Standards - CORRECT ANSWER A system of rules and principles that prescribe the format and content of financial statements. International Financial Reporting Standards (IFRS) - CORRECT ANSWER Standards that are developed by the International Accounting Standards Board (IASB) for reporting company financial results and that are followed by over one hundred nations throughout the world. Generally Accepted Accounting Pri...

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Eco 201 Ch 17 Exam 20 Questions with Verified Answers,100%CORRECT

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Eco 201 Ch 17 Exam 20 Questions with Verified Answers When inflation rises, people - CORRECT ANSWER make more frequent trips to the bank and firms make more frequent price changes the cost of changing price tags and price listings are known as - CORRECT ANSWER menu costs if the CPI rises, the number of dollars needed to buy a representative basket of goods - CORRECT ANSWER increases, and so the value of money falls the price level is a - CORRECT ANSWER nominal variable when the mo...

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SNHU ECO 201 Exam 20 Questions with Verified Answers,100% CORRECT

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SNHU ECO 201 Exam 20 Questions with Verified Answers An inferior good is one for which an increase in income causes a(n) a. increase in supply. b. decrease in demand. c. increase in demand. d. decrease in supply. - CORRECT ANSWER (b) decrease in demand If an increase in the price of blue jeans leads to an increase in the demand for tennis shoes, then blue jeans and tennis shoes are a. substitutes. b. complements. c. normal goods. d. inferior goods. e. none of the above. - CORRECT ...

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ECO 201 Sarbaum Exam 1 (Units 1-4) 34 Questions with Verified Answers,100% CORRECT

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ECO 201 Sarbaum Exam 1 (Units 1-4) 34 Questions with Verified Answers What is economics? - CORRECT ANSWER The study of scarcity: how individuals and societies satisfy their unlimited wants with limited resources. True or False? Models that are very simplistic have almost no value. - CORRECT ANSWER False True or False? Models can be used to explain things but they cannot be used to predict things - CORRECT ANSWER False Simplicity vs. Accuracy - CORRECT ANSWER - Models are simplified...

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ECON 201 Exam 1 Study Guide 33 Questions with Verified Answers,100% CORRECT

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ECON 201 Exam 1 Study Guide 33 Questions with Verified Answers Opportunity cost - CORRECT ANSWER The real cost of an item: what you must give up in order to get it Marginal decisions - CORRECT ANSWER A decision made at the "margin" of an activity to do a bit more or a bit less of that activity. Equilibrium - CORRECT ANSWER An economic situation in which no individual would be better off doing something different Efficiency and equity - CORRECT ANSWER The difference between effi...

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