TAGOLOAN COMMUNITY COLLEGE Course Code BAC 203

Marcelo h. Del Pilar St., Baluarte, Tagoloan, Mis Or

PLDT Tel. No. (088) 890-4659 INTERNATIONAL BUSINESS AND
Description
TRADE

College / Department: 4
Activity No.
COLLEGE OF BUSINESS ADMINISTRATION (ASSIGNMENT 2)

ANSWER DATA SHEET Instructor LEOPOLDO L. SALAS JR.

Short Questions and Answers - National Differences in Economic Development

Right wing totalitarianism Gross national income (GNI) Socialism

Purchasing power parity(PPP) Human Development Index (HDI) Political

risk Innovation Totalitarianism Theocratic totalitarianism Economic

Risk Individualism First-mover advantages Late-mover disadvantages

Legal Risk Entrepreneurs International Business Political Systems

Communist totalitarianism Deregulation Tribal totalitarianism

1. The yardstick for measuring economic activity of a country, this measures the total annual income of a
nations residents.
2. An adjustment in gross domestic product per capita to reflect differences in the cost of living.
3. An attempt by the UN to assess the impact of a number of factors on the quality of human life in a country.
Based on life expectancy at birth, educational attainment, and if PPP is sufficient to meet basic needs.
4. Development of new products, processes, organizations, management practices, and strategies.
5. Those who first commercialize innovations.
6. Removal of government restrictions concerning the conduct of a business.
7. Advantages accruing to the first to enter a market.
8. Handicaps experienced by being a late entrant in a market.
9. The likelihood that political forces will cause drastic changes in a country's business environment that will
adversely affect the profit and other goals of a particular business enterprise.
10. The likelihood that events, including economic mismanagement, will cause drastic changes in a country's
business environment that adversely affect the profit and other goals of a particular business enterprise.
11. Commerce in which goods, services, or resources cross the borders of two or more nations.
12. Can be assessed in terms of the degree to which they through emphasizing collectivism as opposed to
individualism.
13. Advocated state ownership of the basic means of production, distribution, and exchange.
14. Can be traced to Aristotle who argued that individual diversity and private ownership are desirable
privately owned property receives more care.
15. There is widespread political repression.
16. Political party that represents the interests of a particular tribe monopolizes power.
17. Advocated achieving socialism through totalitarian dictatorship.
18. Political power is monopolized by a party, group, or individual that governs according to religious
principles
19. Individual economic freedom is allowed but individual political freedom is restricted in the belief that it
could lead to communism backed by the military.
20. A market-based economic system is likely in countries where individual goals are given primacy over
collective goals.

Write your answer here:

1. Gross national income (GNI)
2.Purchase Power Parity (PPP)
LEOPOLDO L. SALAS JR., MPM, MM(CAR)
Faculty, College of Business Administration
 TAGOLOAN COMMUNITY COLLEGE Course Code BAC 203
Marcelo h. Del Pilar St., Baluarte, Tagoloan, Mis Or
PLDT Tel. No. (088) 890-4659 INTERNATIONAL BUSINESS AND
Description
TRADE

College / Department: 4
Activity No.
COLLEGE OF BUSINESS ADMINISTRATION (ASSIGNMENT 2)

ANSWER DATA SHEET Instructor LEOPOLDO L. SALAS JR.

3.Human Development Index (HDI)

4.Innovation
5.Entrepreneurs
6.Deregulation
7.First-mover advantages
8.Late Mover Disadvantages
9.Political risk
10.Economic risk
11.International Business
12.Political system
13.Socialism
14.Individualism
15.totalitarianism
16.Tribal totalitarianism
17.communist totalitarianism
18.Theocratic Totalitarianism
19.Right-Wing Totalitarianism
20.Legal risk

LEOPOLDO L. SALAS JR., MPM, MM(CAR)

Faculty, College of Business Administration