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Ib Business And Management Notes Essay

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Below is an essay on "Ib Business And Management Notes" from Anti Essays, your source for research papers, essays, and term paper examples.

1. Balance of Payments: an annual record of a country's export earnings and its import expenditure; a surplus exists if the value of exports exceeds the value of imports (vice versa for a deficit on the balance of payments)
  2. deregulation: the removal of government rules and regulations which constrain an industry, thereby enhancing its efficiency; should also encourage more competition within an industry
  3. direct tax: a levy that is paid from the income of individuals or businesses, such as personal income tax and corporation tax
  4. economic growth: measures the change in the Gross Domestic Product (GDP) of a nation over time; growth occurs if there is an increase in GDP for two consecutive quarters
  5. ethics: the moral values and judgments that society believes organizations should consider in their decision-making
  6. exchange rate: the value of a country's currency in terms of another currency
  7. external shocks: unforeseeable and unexpected changes in the external business environment that tend to affect all businesses in the economy, such as natural disasters or wars; also knows as exogenous shocks
  8. fiscal policy: government policies that deal with taxation and government expenditure in order to affect the level of economic activity
  9. Gross Domestic Product (GDP): the total value of a nation's annual output, used as an indicator of the level of economic activity in a country
  10. indirect tax: a levy placed on the purchase of goods and services, such as sales taxes and excise duties
  11. inflation: occurs when the general price level in an economy continously rises; calculated by measuring changes in the cost of a representative basket of goods and services purchased by the average household over a period of time
  12. interest rate: a measure of the price of money, expressed in terms of the amount charged for money that is borrowed or how much is offered on money that is saved
  13. monetary policy: government...

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