FALL-2015
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Master of
Business Administration - MBA Semester 4
MB0053-International
Business Management-4 Credits
(Book ID:
B1724)
Assignment (60 Marks)
Note: Answer
all questions must be written within 300 to 400 words each. Each Question
carries 10 marks 6 X 10=60.
Q1.
“The world economy is globalizing at an accelerating pace”. Discuss this
statement and list the benefits of globalization.
Answer. The world economy – globalizing at
an accelerating pace:-
The world
economy is globalizing at an accelerating pace as countries previously closed
to foreign companies have opened up their markets. Geographic distance is
shrinking because of the Internet, as the ambitious companies aim for global
leadership. All this is possible because of booming international business.
International business is mainly concerned with the issues that are related to
international companies and governments’ cross border transactions.
International business involves multiple countries to satisfy the objectives of
every individual as well as the organizations. International business
Q2. Compare the Adam Smith and David Ricardo’s theories of international
trade with examples.
Answer.
Noted classical economist like Adam
Smith and David Ricardo also argued that trade is ‘positive sum game’ and not a
‘zero sum game’ as mercantilists argued.
Trade benefits everyone
due to variety
of reasons such
as cost competitiveness,
comparative advantages, absolute advantages, PLC cycle, factor endowments etc.
and mercantilism theory is by all means considered ‘dead’ or ‘irrelevant’ in
contemporary trade environment.
Q3. Regional integration is helping
the countries in growing their trade. Discuss this statement. Describe in brief
the various types of regional integrations.
Answer. Regional economic integration has enabled countries to focus on
issues that are relevant to their stage of development as well as encourage
trade between neighbors.
There are
more than one hundred regional trade agreements in place, a number that is
continuously evolving as countries reconfigure their economic and political
interests and priorities. Additionally, the expansion of the World Trade
Organization (WTO) has caused smaller regional agreements to become obsolete.
Some of the regional blocs also created side agreements with other regional
groups leading to a
Q4. Write short note on:
a) GATS (General Agreement on trade
in services)
b) ILO (International Labour
organization)
Answer. a. General Agreement
on Trade in
Services (GATS) – GATS
is a framework agreement
defining the rules under which
trade in services must occur. GATS aim at extending
the rules covering trade in goods to trade in services. A
detailed rule has
been included to
take into account the
differences between goods
and services and
the way in which
trade in services
is conducted. Trade
in services cover
a wide range of
activities in the area of
telecommunication, information,
banking, insurance and
education. WTO has recognised
over 150 service sub-sectors.
Q5. What is the
difference between domestic and international accounting and how will you
measure this difference?
Answer. Domestic
vs. international accounting
Different
countries whether domestic or international, have different accounting
standards. A common belief is that these differences reduce the quality and
importance of accounting information.
Accounting standards determine the
financial reporting quality
and provides separately
verified information about an
organization’s financial performance
to investors’ creditors.
Q6.
Discuss the various payment terms in international trade. Which is the
safest method and why?
Answer.
To succeed in today’s global marketplace and win sales against foreign
competitors, exporters must offer their customers attractive sales terms
supported by the appropriate payment methods. Because getting paid in full and
on time is the ultimate goal for each export sale, an appropriate payment
method must be chosen carefully to minimize the payment risk while also
accommodating the needs of
FALL-2015
Get solved
assignments at nominal price of Rs.125 each.
Any issues
mail us at: subjects4u@gmail.com or contact at
09882243490
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