Chapter+outline


 * Chapter 1 Outline **

business- any activity that seeks profits by providing goods or services to others international business- any activity involving business operations across national borders domestic company- company that conducts business in only one country international company- conducts business across national borders globalization- increasing integration of the world economy global dependence- concept that all countries depend on each other for trade ethnics- set of moral principles by which people conduct themselves personally, socially, or professionally business ethnic- set of ideas about how a company should conduct business in relation to legal, social, and environmental studies social responsibility- duty to do what is best for society

eliminate negative activies perform positive activities

code of ethics- statement that explains what a company or group believes in imporper and proper conduct stakeholders- various individuals or groups of people who have a direct, interest, involvement or investment in something

politics effect local and global economy trade started in India, China, and Japan better thic result in better business pratices government and union regulations affect economy
 * Assignment # 1 **
 * Can you answer the following questions? Create a new page in your wiki. Call it, World Facts and answer these questions. **


 * 1) What is population of World?
 * 2) Can you name two of the biggest counties in the world?
 * 3) Name smallest country in world?
 * 4) What language is spoken by more people
 * 5) What is an International Economic Summit?
 * 6) What is Davos?
 * 7) What is ouagadougou?
 * 8) What time is it now, time difference, in Sidney, Australia?

Answers

1. 6,840,570,000 2. Russia, Canada 3. Vatican City 4. Mandarin followed by English 5. a simulation that intimates the global economy 6. Davos is the home to where the world economic forum holds it yearly meetings to discuss issues regarding the economy and environmental issues. Members who attend are selected intellectuals, government political leaders, and reporters. 7. The capital of Burkina 8. current time 12:46 A.M. about 10 hour difference

**A SSIGNMENT # 1a **
 * In your class resource binder/ or home page of wiki list 3 Business and International business ** standards and talk how they might affect you.

1. Dress to impress those who your trying to make partnership with 2. maintain eye contact with each other 3.use appropriate language

**ASSIGNMENT # 1b**

Watch the following video by clicking on the widget and make a brief summary on your home page regarding China vs India video (assignment # 4)

1. China has a much better and more modern infrastructure then that of India's. India maintains a very poor system of roads and highways compared to China's. China also has high speed transport. China is able to create and implement new economic policy quicker then ever due to its Communist government. India is more slow to policy making and changes due to it being a democracy. China has rapid trade with more exports then imports in the country. India focuses more on quality vs quantity, while in China it is based more upon quantity and no innovation. Both countries are proud of their success but there is still many factors that can stimulate their growth in the future.

**ASSIGNMENT # 1c Watch the following videos and make a summary on the World Cultures Page of your wiki be specific when talking about which video you watched.**

** See World culture page for summary **


 * ASSIGNMENT # 6 **


 * Scroll up and click on IES page at the top of left side of this page to read about this summit **


 * type your response in a summary paragraph of your home page. **

The International Economic Submit is a yearly event that started out with 500 members. It now has over 70,000 students national wide across America. With countries such as Mexico and China also wishing to join and creating their own programs. Students discuss the economic, political, and current affairs and integrate in culture. The program helps to expand leadership and deepen their knowledge on economics. It also allows the students to work together to solve problems and interdepencies. It gives the student the opportunity to experience a simulated world experience, while also teaching the new generation a more indepth look on world economics.

**chpt1-3 wiki instructions**
 * assignment #7 ** **click on the worksheet below and follow directions.**
 * Chapter 1 The Scope of International Business**
 * 1) **Why is it important to work in the global environment?What is the Impact of International Business**
 * 2) **What does National growth depend on?**
 * 3) **How does International Business affect local levels?**
 * 4) **Include time zone world map image**

1. It is important to work in the global environment because business are growing increasingly integrated with the world and business firms everywhere around the world. The impact of International Business is that we can now make trade agreements and other financial aspects and dealings, with other countries and people. Resulting in a diffusion of culture, language, and political views.

2. National growth depends on both the free market, the system of mercantilism, and the amount of export and import. National growth can also depend on if the country is a industrial production company or a service country. If a nation has more exports then imports it can archieve greater trade balance in its favor.

3. International Business affects local levels because there may be a certain company found at a local level that a international firm wishes to do business with. Or a international firm may decide to open a new branch or either service or production in that local environment instead of choosing to remain in the native country or origin.

4.




 * Chapter 2 Outline **

culture- set of beliefs, customs, and attitudes of a distant group of people understand culture, preparing for and adjusting to culture participating in culture

values- strongly held concepts that are present in a culture norms- social rules that affect behaviors and actions, and represent cultural values folkways and mores- cultural customs that dictate how people act socially role- the part a person plays in a social situation subculture- a smaller group or subset within a larger culture

short term or long term- results gender differentation- gender discrimination in other places

social institutions- organizations that represent the patterns of activity that express the culture of a country ex educational system

class system/ degree of mobility gender roles- what role they may play based on ender

culture shock- reaction that newcomers to a culture may experience cultural baggage- set of cultural attitudes that include the beliefs, values and assumptions that people carry with them throughout life cultural bias- a preconceived attitude of favoring or disliking a particular culture sterotyping- pratice of identifiying a person or group by a single trait or as a member of a certain group instead of as an individual ethocentrism- the belief that one's own culture is better then all other countries

job prestige- value and standing of job change- change in cultures different countries-different attitude toward time


 * Chapter 2. Cultural and Social Influences**

1. Culture can affect many factors in business dealings. Different countries around the world have their own unique set of culture and beliefs. Something you may believe in in your home country may be wrong or unacceptable in another country.
 * 1) **Explain how culture affects international business**
 * 2) **Describe the elements of cultures.**
 * 3) **Describe the elements of subcultures and how cultural literacy can be improved.**
 * 4) **What ways can help people overcome stereotyping and cultural bias?**

2. Different elements of cultures are values, norms, folkways and mores, or a certain role a person may play in a social situation. Values are the strongly held concepts that are present in a culture, while norms are social rules that affect behaviors and actions and represent cultural values. Finally folkways and mores are cultural customs that dictate how people act socially.

3. Some elements of subcultures are a smaller group or subset within a larger culture. For an example in the U.S a group of men may enjoy football or golf. Subcultures can also form from music, religion, or political affiliation. Cultural literacy can be improved by interaction with members of the native culture or by learning and educating yourself on it before heading to a cultural event.

4. Some ways people can overcome sterotyping and cultural bias to directly confront these accusations. Another step can be to teach and educate those around you who are working with.

**Chapter 3 Outline**

Communication- transmitting receiving and processing information process- takes place between one person and another Language- medium of communication through words, symbols, numbers, characters, or nonverbal cues Verbal communication- sending messages by using words that are either spoken or written Slang- colloquial speech used on the street or in recreational situations

Verbal communication challenges- how people speak time for translations technical terms social behavior

international trade documentation- papers and documents used to legally export or import goods nonverbal communication- sending messages without the use of words impact- business relations gift- an item give to convey good will bribe- an item or money offered to entice the receiver to do something illegal or unethical expatriate- a personal who relocates in a foreign country to live and/or conduct business acculturation- process of understanding adapting to and operating in a foreign culture

Communication- set goals pick suitable locations and arrange transport make special arrangements and choosing the right gift
 * Chapter 3International Communications**


 * 1) **Explain the basic nature of communication.**
 * 2) **What are the challenges of communicating in a world language?**
 * 3) **Copy a chart for the Major World Languages.**
 * 4) **What language do you think is the most used for business?**
 * 5) **Create a Tech Trend Page on your wiki: Answer the following question:Insert Date and Chapter it refers to:Should every web site speak English? (refer to pg 59 (Tech Trends) Each chapter will begin to have a Tech Trend question for you to answer on your Tech Trend wiki page.**
 * 6) **Create an International Business Career page on your wiki**


 * Read pg 69 in your text briefly describe the highlighted career and what education, skills and outlook will be for this career.**


 * Answer this question:**

1. The basic nature of communications is to talk to and interact wit the people around you. Either talking for business purposes or just being friendly at a social event.
 * What purpose might multi-national companies hire interpreters and translators?**

2. Some challenges in communicating in a world language is that you will need a translator. The delay between a translator and the actual speech delivery. There may be different meanings for the words in your language compared to those of the language that you are trying to translate for.

3.

4. I believe that the most used language for Business would be English since it spoken on every continent in some way or form.

**Assignment # 10** **Add to __Chapter 3 Outline wiki page__: gift giving in business, is it the same as greases payments? Are grease payments a form of bribery? Look on pg 26 of your text under #12. also look at pge 67 of your book. Explain what the differences are between the 3 items. (You may google each word to find info so that you can fully explain the differences.**

Gift giving in a business is a sign of mutual trust. Greases payments can be considered as a bribery by some. Although bribery is illegal due to you trying to pay or giving gifts to someone so that they follow your intentions rather then the intentions of the whole. Gift giving is merely giving a present out to someone as a means of respect of friendly interaction expecting nothing in return.

International trade- consists of all business activities conducted between individuals, companies, and governments from different countries. imports- goods and services that people in one country buy from people in another country exports- goods and services that people in one country sell to people in another country good- a tangible item that is made, manufactured or grown
 * Chapter 4 Outline **

Governments purchase food or oil from other countries with the U.S selling food and crude oil you are importing when you purchase something from overseas and shipping it over middlemen- a company that purchases from the producer then sells to the consumer usually sold through a wholesale outlet

service- an intangible benefit or task provided by a business to its customers a service may not require a middleman

importing process 5 steps- 1. identify need 2, search for supplies 3, create and finalize a purchase agreement 4, receive goods 5, confirm the purchase searching for suppliers in the 21st century is much easier and but made difficult to decide which is the best to purchase from

exporting process 5 steps- 1, assess demand 2, identify potential customers and make sales contacts 3, create and finalize a purchase agreement 4, deliever the goods or services 5, complete the transaction FOB- free on board ownership of merchandise in transit determines if freight charges are free CIF- cost insurance and freight is the price quoted to the buyer, including cost, insurance and freight C&F- cost and freight is the price quoted to the buyer, signifying the buyer pays separately for insurance

Companies import because they lack the material needed or the ability to produce it in large quantities or quality same goes with countries countries export to increase economic growth and form political and economic ties, which in turn creates a friendship or allie approach with another country

direct exporting- the company has more control over negotiations, prices, distribution, and marketing costs are the shipping

Dependency- practice of relying too much on one trading partner trade barriers- restrictions that reduce free trade and limit competition from imported goods protectionism- a system of imposing extra costs on imports to protect the interests of local business dumping- the practice of selling goods in another country for less than the cost of manufacturing them or for less than their market price.

**Chapter 5 Outline**

democracy- a government system in which the nations citizens hold political power totalitarianism- government system in which citizens have no influence on the governments policies and laws theocracy- whose leaders claim to be inspired by divine guidance isolationism- foreign policy that combines an avoidance of political and military alliances. conservative- favors limits on government activity on the economy less control and regulation liberal- favors more government involvement in business international tax- income tax, sales tax, excise tax, payroll tax, value-added tax income tax- annual tax on an individuals or a corporations net profit sales tax- tax on the sale of a product excise tax- levied on specific goods and services payroll tax- employers are required to withhold from employee's checks value-added tax- paid on the increased value of a good duties- tax on goods that cross national boundaries free trade zone- where people can buy goods from other countries without paying extra taxes free trade agreement- a treaty between countries in which the countries agree to not charge taxes duties or tariffs on goods that they trade common law- set of laws based on local customs, traditions, and precedent civil law- based on broad legal principles theocratic law- based on religious teachings liability- legal responsibility for the financial cost of another person's losses or injuries intellectual property- an original work fixed in a tangible medium of expression that can be copyrighted, patented, or trademarked litigation- legal process used to resolve a dispute through the court system mediation- process of intervention between conflicting parties that promotes resolution of their conflict outside the court system arbitration- to resolve disputes in which each side presents its case to an independent individual, who makes decisions that are binding

Click on the link to visit this site about the follow:
Newsclip: [|Japan: Lawyers Wanted. No, Really]
 * 1) Go to __Outline page__ and Make an entry in your wiki . below Chapter 5 Outline.
 * 2) Summarize why Japan needs more lawyers in order to compete in international business.

Japan needs more lawyers in order to compete in international business because they do not like the idea of saying no to their customers. Japan needs to expand its lawyer education base so that they have more then qualified professors who can teach potential students. If Japan does not produce enough and qualified lawyers companies lack the legal advice that a lawyer can provide if a situation were to arise.

**Chapter 6** Outline

Economics- study of how a society chooses to use resources to produce and distribute goods and services for people's Market economy- an economic system in which economic decisions are made in the marketplace supply- amount of goods and services that producers provide at various prices demand- the amount or quantity of goods and services that consumers are willing to buy at various prices command economy- or planned economy is an economic system in which a central authority makes all key economic decisions mixed economy- an economic system in which the marketplace determines some economic decisions and the government makes some decisions scarcity- describes a situation in which there is a limited amount of a commodity Stages of economic development underdeveloped, developing, industrialized, and post-industrial topography- physical surface features of a geographic area cartography- science or art of map making Population density- a measurement of the number of people living in a geographic area proximity- physical nearness of one thing to another

**Time affects business because you don't want to make a business call to a different time zone only to realize that it is night time in their country. Time dictates how a business transaction will and can occur.** **river, lakes, oceans, peninsula, harbors, and inner coastal waterways. Rivers and lakes are used for water supply and irrigation, while Oceans are used for shipping along with harbors in which ships dock to take or release goods.**
 * 1) ** Quick Check 6.2 pg 146 Answer questions 1-4 on your Chapter Outline Wiki page under Chapter 6 (please type questions in __blue__ and __answers in orange__. this will be checked on-line on 3/25/12. **
 * What four major geographic features have an impact on international trade **
 * deserts and tropical forest, bodies of water, and climate **
 * how does geographic location affect international trade **
 * The location affects trade because if a region is surrounded by mountains then your going to want to find a way in which you can successfully transport goods to and from that region. **
 * How does time affect doing business with companies in other countries **
 * list six types of bodies of water and give an example of each one **

Chapter 7 Outline

money- anything that people accept as a form of payment currency- the form of money used by a specific country or region currency exchange rate- the rate at which one country's currency can be traded for another country's currency hard currency- a currency that can be exchanged for other currencies at uniform rates in financial centers around the world soft currency- an unstable currency that is not exchanged at major financial centers currency value fluctuation- the change in value of one country's currency when it is traded for another country's currency capital- original funds. or money needed to establish a business and operate it for the first few months or to expand an existing business risk- the possibility of loss when there is uncertainty associated with the outcome of an event commercial risk- trade risk is a risk present in day to day buying and selling processes between companies exchange rate risk- a risk tat occurs when currency exchange rate fluctuates as a transaction takes place transaction risk- a risk associated with a buyer making installment payments on a purchase insurable risk- a risk that insurance companies will cover including an act of god and other less random events

The World of Money- Andy Chen 4/10/2012

In the Virtual money museum it describes how the dollar can depreciate in value due to inflation and just how much you can buy with that one million dollar. It also has the million dollar display in cash that you are allowed to view and see for yourself. The museum has also recently added the inflection section to the museum which includes the board of directors. The board is filled members of the prominent and business class. in How stuff works the video talks about how a exchange rate is archived. It also shows the equation for conversion of money into different forms. From there on the article talks about how inflection and the backing of the money can affect how much the currency is worth in the market in terms of conversion.

Money is useless when it is not backed up by something like gold or silver. Without something to back up your money you have no real value. Using speculation to judge the value of your money is a foolish idea since it will only work to drive prices very high then drive it to extremely low levels in times of economic downturn. Money in this world is necessary for a civilized and developed society. With out such a means of currency we would be back to bartering and trading for goods, although some may say this would be a welcoming idea.

Chapter 8 Outline

sole proprietorship- business ownership in which on person owns the business partnership- two or more people own the business corporation- many people whom the law treats as one person own the business Subchapter S corporation- a corporation that is taxed like a partnership limited liability company- a company whose owners and managers enjoy limited liability and some tax benefits multinational corporation- a organization that operates in more than one country mode of entry- the method a company uses to sell products in another country entrepreneurship- the process of starting up a new company or business entrepreneur- a person who starts a new business entrepreneurship- the process of starting a new business that is spun off from an existing business global entrepreneurship- process of selling new products starting a new operating division or starting up a new company in another country

Chapter 14


 * Human resource management )**- is the process of finding, selecting, training, evaluating, and helping employees.
 * Strategic human resource management-** Approach to hiring.
 * ethnocentric management**-is the preference of an employer to use its own workers, both at home and abroad.
 * Polycentric management-**is the preference of an employer to use natives of the host country to manage operations there, but home-country residents to manage in the home country.
 * regiocentric management**-is the preference of an employer to employ managers from a variety of countries in a region.
 * Geocentric management-** is the preference of an employer to hire only the best managers, regardless of their citizenship.
 * human development index-** is a measure comparing the quality of life in different countries, using three measures: 1) life expectancy at birth 2) educational attainment, and 3) income, measured by PPI, to cover basic needs.
 * Paternalism-** is a system in which an authority fulfills the needs and regulates the conduct of the people under its control.
 * collective bargaining agreement-** is the contract created by a union and management that covers these agreements.
 * Affirmative action-** is a program designed to increase participation of various underrepresented groups in the workplace and government.
 * accommodation-** the approach toward labor disputes in which unions and management are expected to cooperate.