Question 1: Briefly describe some of the differences between the legal environment of a country that embraces common law and one that observes civil law? Answer: Countries that embrace common law system are typically those that were former British colonies or protectorates‚ including the United States‚ Australia‚ Singapore‚ Pakistan‚ India and Ghana. Common law is the legal tradition‚ which evolved in England from the 11th Century onwards. In common law there is not always a written constitution
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Cultural Differences in International Business International business negotiation is playing a more and more important role in modem society. We can see clear that there are great differences in international business negotiation. Specially‚ culture can influence negotiating styles in numerous ways‚ because negotiator who may come from another nation is different from us‚ in language‚ beliefs‚ and behaviors. Different cultures employ different ways of doing business. Nowadays‚ the world is
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INTRODUCTION OF INTERNATIONAL BUSINESS International business deals with business activities which is both production and services that cross the national boundaries. This activity includes movement of goods‚ services capital or personnel‚ transfer of technology‚ etc. Functionally‚ by business we mean those human activities‚ which involve production or purchase of goods and services with the object of selling them at a profit. Today’s world is an era of Global Village or specialization. A particular
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NOTES- INTERNATIONAL FINANCE TOPIC 1: INTRODUCTION TO INTERNATIONAL FINANCE Learning objectives After reading this topic you should be able to: • • • • • • Understand the background of international finance Define international finance Explain the reason for studying international finance Explain the roles of international financial manager Understand the background of multinational corporations Distinguish between international finance and domestic finance 1.1 BACKGROUND TO INTERNATIONAL FINANCE
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idea behind the security that the realists seem to be addressing. As they believe in an anarchic international system where the state is the actor which is power hungry‚ self-serving and only concerned with its survival‚ their view of security has everything to do with the respective state in the international community. In other words the state fights for its protection and survival in the international sphere through war or military prowess. But the application of this theory in a quiet and peaceful
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International relations (IR) is the study of relationships among countries‚ the roles of sovereign states‚ inter-governmental organizations (IGO)‚international non-governmental organizations (INGO)‚ non-governmental organizations (NGO)‚ and multinational corporations (MNC). International relations is an academic and a public policy field‚ and so can be positive and normative‚ because it analyzes and formulates the foreign policy of a given State. As political activity‚ international relations dates
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costs youd have to add up the guaranteed flights and the possible cancellation flights Total costs would be 1000$ and variable cost would be based upon that. Problem #5 Charter Contracts are negotiable to receiver many contracts…. Problem #5 >>Answer Yes I believe the airline should accept a charter flight proposal from a group that offers to guarantee the sale of 90 seats over 250‚ because the risk varies highly because its only 90 seats and realistically those 90 seats will be a guaranteed buy
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Globalization and International Business The Concept of Globalization – putting everything into one village * The process of integration and convergence of economic‚ financial‚ cultural and political systems across the world. * Globalization – refers to the integration and interaction between different people and nations. * Globalization is the process of international integration arising from the interchange of world views‚ products‚ ideas and other aspects of culture. Globalization
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Economics and Scarcity Problems In most countries the birth rate has fallen as incomes and the economic opportunities for women have increased. The expansion of women’s income has discouraged fertility. Women have found it more expensive to have kids because of time and limited resources. First being a full time Mother can conflict with the amount of time away from the house. It cost money to have someone watch kids during the day. Women rather only have one or two children because excessiveness
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Management Examination Paper MANAGEMENT INFORMATION SYSTEMS SECTION A PART 1 ANSWERS 1- B‚ Information. 2- B‚ Relevance. 3- D‚ Development of employees to their full potential. 4- B‚ Inventory control. 5- A‚ Executive Information System. 6- B‚ Who are members of the same company or organization. 7- D‚ Telegram. 8- A‚ Online Transactional Processing. 9- D‚ Common operation. 10- B‚ Activity Control. PART 2 ANSWERS 1. Key features of the Strategic Information System (SIS) are:- * Decision
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