Introduction to Management Functions MGM 101

These flashcards cover key terms and concepts from the Introduction to Management Functions course, focusing on international business and the financial system.

International Business

A field of management that deals with business operations and trade across national borders.

Absolute Advantage

The ability of a country to produce a good using fewer resources than another country.

Comparative Advantage

The ability of a country to produce a good at a lower opportunity cost than another country.

Securities

Financial instruments that represent an ownership position in an asset, a creditor relationship, or rights to ownership.

Investor Participation

The involvement of individuals or entities in financial markets, typically by purchasing securities.

Financial Intermediaries

Institutions that facilitate the flow of funds between savers and borrowers.