Complete the Following Using the Terms Listed

question 116

Multiple Choice

Complete the following using the terms listed.
-A country's _____ is the difference between its exports and imports.

• A)offshoring
• B)balance of trade
• C)joint venture
• D)Dumping
• E)Imports
• F)tariff
• G)International Monetary Fund
• H)World Trade Organization
• I)free trade area
• J)Devaluation
• K)exchange rate
• L)absolute advantage
• M)global business strategy
• N)Quota
• O)multidomestic strategy
• P)balance of payments
• Q)comparative advantage

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Definitions:

Worker Productivity

A measure of the output of goods and services produced by a worker within a specific period.

360-Degree Feedback

A performance appraisal method where an employee is evaluated by feedback collected from their supervisors, peers, subordinates, and sometimes clients.

Implementation Intentions

Strategic plans individuals form about when, where, and how they will fulfill a specific goal or task.

Knowledge Work

Work that primarily involves processing, using, and managing information or data rather than manual labor.