Incoterms 2010 and International Business - 101
Incoterms 2010 and International Business - 101
International Business: The Challenges of Globalization, 8th Edition, Wild & Wild
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Quick Study 1
1. Q: What features characterize the political ideology called pluralism?
A: Pluralism is the belief that both private and public groups play important roles in a nation’ political activities. Each group (consisting of people with different ethnic racial class and lifestyle backgrounds) serves to balance power that can be gained by others. Pluralistic political systems include democracies, constitutional monarchies, and some aristocracies.
2. Q: Communists believe that a violent revolution is needed to seize control over resources, wish to eliminate political opposition, and do what else?
A: A communist government has sweeping political and economic powers. In this type of system, private business is virtually or totally non-existent.
3. Q: What does a representative democracy strive to provide for its people?
A: Representative democracies strive to provide some or all of the following: (1) freedom of expression, (2) periodic elections, (3) full civil and property rights, (4) minority rights, and (5) nonpolitical bureaucracies.
4. Q: By what other name is capitalism referred?
A: Capitalism is also frequently referred to as the free market.
Quick Study 2
1. Q: What factors contributed to the decline of centrally planned economies?
A: Factors that contributed to the decline of centrally planned economies include: (1) failure to create economic value, (2) failure to provide incentives, (3) failure to achieve rapid growth, and (4) failure to satisfy customer needs.
2. Q: Which economic system strives toward low unemployment, low poverty, steady economic growth, and an equitable distribution of wealth?
A: The goals of a market economy are low unemployment, low poverty, steady economic growth and an equitable distribution of wealth.
3. Q: Laissez-faire economics calls for less government interference in commerce and what else?
A: This approach not only called for less government interference, but also greater individual economic freedom.
4. Q: Countries with the greatest amount of freedom tend to have what?
A: Countries with the greatest economic freedom tend to have the highest standard of living.
Quick Study 3
1. Q: Which legal system decides cases by interpreting the law on the basis of tradition, precedent, and usage?
A: Under common law, the justice system decides cases by interpreting the law on the basis of tradition, precedent, and usage.
2. Q: Which legal system is based on a detailed set of written rules and statutes that constitute a legal code?
A: Civil law is a system based on a detailed set of written rules and statutes that constitute a legal code.
3. Q: A legal tradition based on religious teachings is called what?
A: A legal tradition based on religious teaching is called theocratic law.
Quick Study 4
1. Q: What are some examples of intellectual property rights?
A: Intellectual property rights are legal rights to resources that result from intellectual abilities and any income these resources generate. Like other types of property, intellectual property can be traded, sold, and licensed in return for fees or royalty payments. Examples include: copyrights, patents, and trademarks.
2. Q: What are the different types of industrial property?
A: Industrial property includes patents and trademarks. A patent is a right granted to the inventor of a product or process that excludes others from making, using, or selling the invention. Trademarks are words or symbols distinguishing a product and its manufacturer.
3. Q: Laws that hold manufacturers, sellers, individuals, and others responsible for damage, injury, or death caused by defective products are called what?
A: Product liability laws hold manufacturers, sellers, and others responsible for damage, injury, or death caused by defective products. They differ greatly from one nation to another. The United States has the toughest product liability laws in the world, with Europe a close second. Awarded damages tend to be several times larger in the United States than in other developed nations. Developing and emerging countries have the weakest laws. Enforcement of such laws also varies from nation to nation, with highly developed countries being the strictest enforcers.
Quick Study 5
1. Q: The essence of which philosophy is captured by the expression, “When in Rome, do as the Romans do”?
A: The expression captures the essence of cultural relativism. This view states that a company should adopt local ethics wherever it operates because all belief systems are determined within a cultural context.
2. Q: Possible consequences of corruption include what?
A: Corruption is detrimental to society and business. Corruption can send resources toward inefficient uses, hurt economic development, distort public policy and damage national integrity.
3. Q: What are some criteria a product must meet to be Fair Trade certified?
A: Fair Trade certifies that a product meets the following criteria: (1) fair prices, (2) fair labor conditions, (3) direct trade, (4) democratic community, and (5) environmental sustainability.
4. Q: The environmental impact of greenhouse gases that result from human activity is called what?
A: Carbon footprint is the environmental impact of greenhouse gases that result from human activity.
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VIDEOS
See full video List here - link
EBOOKS
Incoterms 2010 - Ebook - link
Incoterms 2010 - Guides - link
Incoterms 2010 - Guides - Light Version - link
Incoterms 2010 - Q & A - link
Incoterms 2010 - English Vietnamese - link
Incoterms 2010 - Reviews - link
Incoterms 2010 - Incoterms new 2016 - Made easy e-Guides - link
Incoterms 2010 - Case Study Guides - link
INTERNATIONAL BUSINESS - FREE DOWNLOADS
International Business: The New Realities, 4th Edition, Cavusgil, Knight & Riesenberger
International Business: The Challenges of Globalization, 8th Edition, Wild & Wild
International Business, 15th Edition, Daniels, Radebaugh & Sullivan
International Business: A Managerial Perspective, 8th Edition, Griffin & Pustay
DOWNLOAD Ebooks - here
DOWNLOAD Slides - here
DOWNLOAD Video List - here
DOWNLOAD Test Bank - here
DOWNLOAD Case Study Guides - here
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