International Business Test 1 Part 1

  1. The organization that succeeded the General Agreement on Tariffs and Trade and now acts to police the world trading system.
    World Trade Organization
  2. Does not identify itself with one national home. TNCs spread out their operations in many countries sustaining high levels of local responsiveness.
    Transnational companies
  3. is a corporation that is registered in more than one country or that has operations in more than one country.
    Multinational companies
  4. Agreements among countries in a geographic region to reduce, and ultimately remove, tariff and nontariff barriers to the free flow of goods, services, and factors of productions between each other.
    Economic Integration
  5. The sale of state-owned enterprises to private investors
  6. s
    Why did the WTO go into business?
  7. A political system that stresses the primacy of collective goals overs individual goals.
  8. A political system in which one person or political party exercises absolute control over all spheres of human life and prohibits opposing political parties.
  9. Those who believe that socialism can only be realized through violent revolution and totalitarian dictatorship.
  10. The philosophy that an individual should have freedom in his or her economic and political pursuits.
  11. U.S. law regulating behavior regarding the conduct of international business in the taking of bribes and other unethical actions.
    Foreign Corrupt Practices Act
  12. the system of production and distribution and consumption.
    Economic Systems
  13. The system of government in any nation.
    Political Systems
  14. Rules that regulate behavior and the processes by which the laws of a country are enforced and through which redress of grievance is obtained.
    Legal Systems
  15. The interdependent combination of a country's political, economic, and legal systems.
    Political economy
Card Set
International Business Test 1 Part 1
International Business Test 1