International Business Test 1 Part 2

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International Business Test 1 Part 2
2013-03-05 08:36:53
International Business Test Part

International Business Test 1 Part 2
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  1. s
    Multinational Trade regulations
  2. s
    Multinational environment regulations
  3. What is Frieman Doctrine in relation to ethics?
  4. is an idea proposed by economic theorist Milton Friedman, which states that a company's only responsibility is to increase its profits.
    Frieman Doctrine (economic theory)
  5. s
    Ethics in global market
  6. Any recruitment, hiring, or selection practice, or any transfer or promotion policy, or any benefit provision or other function of the employer's employment process that operates as an analysis or screening device.
    Employment practices
  7. An international organization (or organisation) is an organization with an international membership
    Global Institutions
  8. The belief that people should be treated as ens and never as means to the ends of others.
    Kantian Ethics
  9. The belief that a multinationals home-country standards of ethics are the appropriate ones for companies to follow in foreign countries.
    Righteous Moralist
  10. The belief that if a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation, that manager should not either.
    Naive Moralist
  11. The shift toward a more integrated and interdependent world economy.
    Free Trade.
  12. Theory predicts that nations that are home to firms that gained a first mover advantage in certain products may have an advantage in the trade of those products.
    New trade Theory
  13. An economic system in which the government plans the allocation of resources, including determination of what foods and services should be produced and in what quantity.
    Command economy
  14. The four determinants of competitive advantage of nations, as identified by Porter (1990): factor conditions; demand conditions; related and supporting industries; and firm strategy, structure, and rivalry.
    Porter's diamond.
  15. are the cost advantages that enterprises obtain due to size, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output
    Economies of scale.
  16. is the advantage gained by the initial ("first-moving") significant occupant of a market segment
    First mover advantage
  17. The theory suggests that early in a product's life-cycle all the parts and labor associated with that product come from the area in which it was invented.
    the Product life cycle theory
  18. An economic system combining private and public enterprise.
    Mixed economy
  19. The doctrine that actions are right if they are useful or for the benefit of a majority.