Liberty University BUSI 303 exam 1 Complete Solutions Correct Answers Key
A complete Exam 1 solution for BUSI 303, covering key business concepts.
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Liberty University BUSI 303 exam 1 complete solutions correct answers key
More than two versions
Verbal communication includes body language
Since 2000 the proportion of the largest economic entities that are corporations has fallen
20 percent
Muhammad’s disciples (i.s. Islamists) believe that sometime during the seventh century AD, the
Angel Gabriel dictated the contents to Muhammad which is viewed as infallible and without error
The dissolution of the Council for Mutual Economic Assistance (CMEA) disrupted many supply
chains was one reason why Russia did not adequately make the transition from a centrally planned
to market economic system
Ownership risk is defined by the Bank for International Settlement (BIS) as, “the risk of loss resulting
from inadequate or failed internal process, people and systems or from external events”
Supporters of protectionism say that by increasing the cost of imported goods through tariffs, the
government instituting the barrier penalizes the sending country as well as the citizens it is trying to
protect
Developing nations typically have a Human Development Index (HDI) of less than 0.3 according to
the Human Development Reports office
The global manager must work to understand the cultures in which he or she does business
A mixed economy is an economic system that allows for the simultaneous operation of publicly and
privately owned enterprises.
The three primary types of global economic systems are centrally planned, market, and market
growth
The Industrial Revolution was characterized by a marked surge in manufacturing techniques that
included mass assembly, electricity, and new forms of propulsion
Muslims are legally required to give one-fortieth of their income to the needy
The Magna Carta Libertatum charter is sometimes credited with stimulating the growth of free trade
during the middle ages
Foreign Direct Investment occurs when organizations become more involved in the global community
by purchasing land or other resources in foreign nations
A trade deficit occurs when a country is exporting more than it is importing
The WTO has endorsed attempts by various organizations to develop legal standards with a special
emphasis on corporate and financial institution laws
According to Trompenaar’s model of culture, people in Universalistic cultures share the belief that
general rules, codes, values and standards take precedence over particular needs and claims of
friends and relations
The current account, sometimes called the financial account, is the sum of every nation's gross
More than two versions
Verbal communication includes body language
Since 2000 the proportion of the largest economic entities that are corporations has fallen
20 percent
Muhammad’s disciples (i.s. Islamists) believe that sometime during the seventh century AD, the
Angel Gabriel dictated the contents to Muhammad which is viewed as infallible and without error
The dissolution of the Council for Mutual Economic Assistance (CMEA) disrupted many supply
chains was one reason why Russia did not adequately make the transition from a centrally planned
to market economic system
Ownership risk is defined by the Bank for International Settlement (BIS) as, “the risk of loss resulting
from inadequate or failed internal process, people and systems or from external events”
Supporters of protectionism say that by increasing the cost of imported goods through tariffs, the
government instituting the barrier penalizes the sending country as well as the citizens it is trying to
protect
Developing nations typically have a Human Development Index (HDI) of less than 0.3 according to
the Human Development Reports office
The global manager must work to understand the cultures in which he or she does business
A mixed economy is an economic system that allows for the simultaneous operation of publicly and
privately owned enterprises.
The three primary types of global economic systems are centrally planned, market, and market
growth
The Industrial Revolution was characterized by a marked surge in manufacturing techniques that
included mass assembly, electricity, and new forms of propulsion
Muslims are legally required to give one-fortieth of their income to the needy
The Magna Carta Libertatum charter is sometimes credited with stimulating the growth of free trade
during the middle ages
Foreign Direct Investment occurs when organizations become more involved in the global community
by purchasing land or other resources in foreign nations
A trade deficit occurs when a country is exporting more than it is importing
The WTO has endorsed attempts by various organizations to develop legal standards with a special
emphasis on corporate and financial institution laws
According to Trompenaar’s model of culture, people in Universalistic cultures share the belief that
general rules, codes, values and standards take precedence over particular needs and claims of
friends and relations
The current account, sometimes called the financial account, is the sum of every nation's gross
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Document Details
University
Liberty University
Subject
Business Management