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13 Cards in this Set
- Front
- Back
cross-border financing
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Occurs when a company sells its securities in the capital markets of another country.
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exchange rate
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the amount it costs to purchase on unit of currency with another currency
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exporting
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selling a good or service to a foreign customer in a foreign country
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foreign trade zones
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goods imported into these designated US areas are duty free until they leave the zone
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future contracts
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a contract given the right to receive a specified quantity of foreign currency at a future date
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globalization
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occurs as managers become aware of and engage in cross border trade and operations
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global sourcing
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the close coordination of R&D, manufacturing, and marketing across national boundaries
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harmonization of accounting standards
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the standardization of accounting methods and principles used in different counntries throughout the world
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hedging
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the practice of minimizing or eliminating risk of loss associated with foreign currency fluctuations
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international joint venture
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a company owned by two or more companies from different countries
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international licencing
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a contractual agreement between a company and a foreign party allowing the use of trade marks, patents, technology, designs, processes, intellectual property, or other proprietary advantage
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market economies
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exist when ownership of land and the means of production are private and markets dictate the allocation of resources and the output among segments of the economy
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wholly owned international subsidiary
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created through a company's foreign direct investment; using domestically generated funds in another country to purchase 100 percent equity control of a foreign subsidiary
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