MATCHING Complete the Following Using the Terms Listed

question 61

Multiple Choice

MATCHING
Complete the following using the terms listed.
-A(n) _____has significant foreign operations.

• A)embargo
• B)balance of trade
• C)joint venture
• D)dumping
• E)import
• F)tariff
• G)International Monetary Fund
• H)World Trade Organization
• I)multinational corporation (MNC)
• J)devaluation
• K)exchange rate
• L)absolute advantage
• M)trade surplus
• N)quota
• O)World Bank
• P)balance of payments
• Q)comparative advantage

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Definitions:

Firm's Mission

A statement that defines the core purpose, ethos, and direction of a company, often guiding its strategies, decisions, and operations.

Strategy

A plan of action designed to achieve a long-term or overall aim.

Cultural Issues

Challenges and considerations that arise in workplaces or societies from differences in traditions, practices, languages, and values among people.

Ethical Issues

Dilemmas involving principles of right and wrong that govern the conduct of individuals and organizations.