Exam Review

Productivity

________ is measured by GDP per capita.

Tariffs

________: Are taxes or duties put on imported products or services.

Trade quota

________: Government- imposed limit on the amount of product that can imported in a certain time period.

Canada

________ has the largest economy in the world results in more jobs to invest in.

Uncertainty avoidance index

________: About the attitude towards taking risks with uncertain consequences.

Netflix

________ is an International transaction.

Power distance

________: The extent a culture with recognize or encourage authority.

Masculinity

________ vs femininity: The difference of style in decision making.

Cultural diversity

________: Canada attracts highly educated and knowledgeable people who enhance and grow the workforce.

companys effectiveness

It is any attempt to increase a(n) ________ or efficiency.

support business environment

A(n) ________: Canada has a strong, stable economy and has consistently maintained a low interest rate, inflation, and unemployed rates.

Infrastructure advantage

________: Canada has a strong infrastructure and transportation system easy for Canadians to communicate with each other for business.

Cultural intelligence

________: The ability to adapt, relate, and work effectively across various cultures.

Canadian dollar

________ is lower than US dollar.

Canada

________ is a large country with a small population.

Trade quota

________ is also not a form of protectionism.

Canada

________ has a score of 14th place in the Global competitive index.

Indulgence

________= You tend to spend more on fun experiences (carefree)

Restraint

________= You have more control and dont value leisure time (more strict)

Exports > imports = Trade surplus

sell more than u buy

Exports < imports = Trade deficit

buy more than you sell

When currency decreases its called

Currency devaluation

Anticipation of currency value changing is called

Currency speculating

Investing in stock

Greater risk = Greater reward / Lower risk = Lower rewards

Tariffs

Are taxes or duties put on imported products or services

Trade embargoes

Which means banning trade between two countries

Trade sanctions

Means limiting trade of specific products with specific companies or individuals

Standards

When countries have different standards for a product on how theyre used/performed

Time zones

Time differences around the world

Trade quota

Government-imposed limit on the amount of product that can imported in a certain time period

A support business environment

Canada has a strong , stable economy and has consistently maintained a low interest rate, inflation, and unemployed rates

Gateway to the world

Canada has many trade agreements creating good relationships with other countries and allowing them to trade without tax

Infrastructure advantage

Canada has a strong infrastructure and transportation system easy for Canadians to communicate with each other for business

Great place to live to attract employees

Canada is a great place to live as it is home to smart, talented, and educated Canadians

Cultural diversity

Canada attracts highly educated and knowledgeable people who enhance and grow the workforce

Cultural intelligence

The ability to adapt, relate, and work effectively across various cultures

Power distance

The extent a culture with recognize or encourage authority

Uncertainty avoidance index

About the attitude towards taking risks with uncertain consequences

Long term vs short term orientation

How far you look ahead in a business decision

Individualism vs collectivism

Individualism = taking care of yourself and your immediate family

Masculinity vs femininity

The difference of style in decision making

Indulgence vs restraint

The measurement on life enjoyment/having fun