BUSI 311 QUESTIONS AND ANSWERS EXAM LATEST
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globalization
The close economic integration of countries and peoples of the world
Institution based view
-Formal and informal rules of the game
-success and failure of firms are enabled and constrained by institutions
Multinational Enterprise. (MNE)
A firm that engages in FDI
FDI
investing in, controlling, and managing value added activities in other countries
BRIC
Brazil, Russia, India, China
BRICS
South Africa"
Triad
North America, Western Europe, Japan
Great transformation
transformation of the global economy that is embodied by the tremendous shift in
economic weight and engines of growth toward emerging economies in general and
BRIC(S) in particular
resource based view
firm-specific resources and capabilities
formal institutions
Laws, regulations, rules
informal institutions
Norms, Culture, and Ethics
Transaction cost
the cost associated with economic transactions or more broadly, the costs of doing
business
Opportunism
The act of seeking self-interest with guile
Democracy
A political system which citizens elect representittived to govern the country on their
behalf
Totalitarianism
A political system in which the government has total control over the lives of individual
citizens.
Communist Totalitarianism
centres on a communist party
Right-Wing Totalitarianism
is characterized by its intense hatred against communism
UPDATE.Buy Quality Materials!
globalization
The close economic integration of countries and peoples of the world
Institution based view
-Formal and informal rules of the game
-success and failure of firms are enabled and constrained by institutions
Multinational Enterprise. (MNE)
A firm that engages in FDI
FDI
investing in, controlling, and managing value added activities in other countries
BRIC
Brazil, Russia, India, China
BRICS
South Africa"
Triad
North America, Western Europe, Japan
Great transformation
transformation of the global economy that is embodied by the tremendous shift in
economic weight and engines of growth toward emerging economies in general and
BRIC(S) in particular
resource based view
firm-specific resources and capabilities
formal institutions
Laws, regulations, rules
informal institutions
Norms, Culture, and Ethics
Transaction cost
the cost associated with economic transactions or more broadly, the costs of doing
business
Opportunism
The act of seeking self-interest with guile
Democracy
A political system which citizens elect representittived to govern the country on their
behalf
Totalitarianism
A political system in which the government has total control over the lives of individual
citizens.
Communist Totalitarianism
centres on a communist party
Right-Wing Totalitarianism
is characterized by its intense hatred against communism
