Book Fair Student Council Poster

COMPILATION OF MODULES 1-12 MARICRIS C. LEGASPI BSBA-FM3

Module 1 Activity 1 Answer the question(s) below to see how well you understand the topics covered in the previous section. This short quiz does not count toward your grade in the class, and you can retake it an unlimited number of times. B 1.What is Globalization? a. The process of someone trying to take over the world b. The process by which people their ideas and their activities in different parts of the world become c. we all do they same thing d. Never heard of it D 2. Examples of Globalization are a. Internet b. Selling local products in the global market c. Attending lectures by a British professor teaching in an American University d. All of the above D 3. What foods did Canada import the most of through China a. Fish b. Vegetables c. Candy d. Fruits C 4.. What was a key thing to have in Globalization a. Power b. Food c. Transportation d. Sponsorship A 5. Communications slowed down transportation of goods a. False b. True

B 6. What is a transnational company? a. Moving across the world b. Large global firms that operate in a number of countries c. Getting a job from a company that’s in a different country than you are in d. Selling goods to countries E 7. Which Company is a transnational company a. Whole b. Foods c. Aflac d. Cummins e. Microsoft B 8. Is globalization always good a. Yes b. No E 9. What is 1 of the impacts of globalization? a. Popularity impact b. Increase water c. flow impact d. Apparel impact e. Social impact C 10. What is the 1 bad effect of social globalization? a. You lose your income b. You get a strong bond with other cultures c. Loss of Local Culture d. Deforestation

Module 1 Activity 2 (Review Question) 1.WHAT HAS LED TO INCREASED GLOBALIZATION? The Globalization led to increased because of the interconnectedness and interdependence of peoples and countries. 2. WHAT ARE THE SOME POSITIVE EFFECTS OF GLOBALIZATION? Gives Access to a Larger Market. Provides Cheaper Goods for Consumers. Globalization Wets Countries do what They do Best. Leads to Better Economies. Promotes World Peace and Unity. 3. WHAT ARE THE NEGATIVE EFFECTS OF GLOBALIZATION? Globalization is a complex phenomenon. As such, it has a considerable influence on several areas of contemporary societies. Let’s take a look at some of the main negative effects globalization has had so far. Apart from all the benefits globalization has had on allowing cultural exchanges it also homogenized the world’s cultures. That’s why specific cultural characteristics from some countries are disappearing. Many critics have also pointed out that globalization has negative effects on the environment. Thus, the massive development of transport that has been the basis of globalization is also responsible for serious environmental problems such as greenhouse gas emissions, global warming or air pollution.

WHEN PEOPLE TRADE, HOW DO BOTH SIDES BENEFITS? When people trade the Globalization has benefits that cover many different areas. It reciprocally developed economies all over the world and increased cultural exchanges. It also allowed financial exchanges between companies, changing the paradigm of work. Many people are nowadays citizens of the world. The origin of goods became secondary and geographic distance is no longer a barrier for many services to happen. Let’s dig deeper. WHAT IS THE FUTURE OF GLOBALIZATION? The future of globalization looks bright. With the increasing innovation, development, and transferability of technology, the global economy will witness more integration and interconnectedness. Enhancing this is the inherent high mobility of the current and upcoming generation. While national governments will continue to be relevant, national policies and decisions will be greatly influenced by external factors related to the impacts of globalization.

Module 2 Activity 1 WHAT IS THE POLITICAL ECONOMY OF THE COUNTRY? The economy of the Philippines is a developing market economy. WHAT IS GLOBAL POLITICAL ECONOMY? The world's 29th largest economy by nominal GDP according to the International Monetary Fund in 2020 and the 13th largest economy in Asia, the Philippines is an emerging market and the 3rd highest in Southeast Asia by nominal GDP after Indonesia and Thailand. How do political, economic, legal systems of a country -Differ among countries? The Philippines is a republic with a presidential form of government wherein power is equally divided among its three branches: executive, legislative, and judicial. The government seeks to act in the best interests of its citizens through this system of check and balance. .

-Influence benefits, costs, risks of business? Political influence. High direct cost the perceived benefits from any project and may as well increase costs. High costs who have had occasion to deal with the justice system directly. What are ethical issues that arise from doing business internationally? Economic globalization and technological change are posing new ethical challenges to multinational corporations. As companies operate across diverse cultural and legal frameworks, moral dilemmas arise in labor standards, marketing practices, environment, corruption and human rights.

Module 3 Activity 1 Choose the best answer and point out the explanation of cultures of different countries. B 1.In Japan, loudly slurping your soup is considered to be a. rude and obnoxious. b. a sign that you like the soup. c. okay at home but not in public. d. something only foreigners do. B 2.In Korea, business leaders tend to a. encourage strong commitment to teamwork and cooperation. b. encourage competition among subordinates. c. discourage subordinates from reporting directly, preferring information to come through well-defined channels. d. encourage close relationships with their subordinates D 3. The appropriate gift-giving protocol for a male exec-utive doing business in Saudi Arabia is to a. give a man a gift from you to his wife. b. present gifts to the wife or wives in person. c. give gifts only to the eldest wife. d. not give a gift to the wife at all A 4. When rewarding a Hispanic worker for a job well done, it is best not to a. praise him or her publicly. b. say “thank you.” c. offer a raise. d. offer a promotion. B 5. Pointing your toes at someone in Thailand is a. symbol of respect, much like the Japanese bow. b. considered rude even if it is done by accident. c. an invitation to dance. d. the standard public greeting.

B. 6. In China, the status of every business negotiation is a. reported daily in the press. b. private, and details are not discussed publicly. c. subjected to scrutiny by a public tribunal on a regular basis. d. directed by the elders of every commune. C. 7. American managers running business in Mexico have found that by increasing the salaries of Mexican workers, they a. increased the numbers of hours the workers were willing to work. b. enticed more workers to work night shifts. c. decreased the number of hours workers would agree to work. d. decreased production rates. C. 8. In Latin America, business people a. consider it impolite to make eye contact while talking to one another. b. always wait until the other person is finished speaking before starting to speak c. touch each other more than North Americans do under similar circumstances. d. avoid touching one another as it is considered an invasion of privacy. C 9. When you feel you are being taken advantage of in a business exchange in Vietnam, it is important to a. let the anger show in your face but not in your words. b. say that you are angry, but keep your facial expression neutral. c. not show any anger in any way. d. end the business dealings immediately, and walk away. D. 10. The doors in German offices and homes are generally kept a. wide open to symbolize an acceptance and welcome of friends and strangers. b. slightly ajar to suggest that people should knock before entering. c. half-opened, suggesting that some people are welcome and others are not d. tightly shut to preserve privacy and personal space

Module 4 Activity 1 SELF - CHECK # 1 A. 1.What will you learn when socializing with other persons in society in international business context a. social rules, behavioral patterns b. personal habits, values c. Communications d. None of them C. 2. what is the meaning of ethics? a. Moral habits that govern the behavior of society b. Legal moral principles and values that govern the behavior of people, firms, and governments, regarding right and wrong c. Moral principles and values that govern the behavior of people, firms, and governments, regarding right and wrong d. None of them B. 3. What is the meaning of corruption? a. the practice of obtaining power, personal gain, or influence through illegitimate means, usually at others’ expense b. the practice of obtaining power, personal gain, or influence through legal means, usually at others’ benefits c. The practice of gaining influence for the public interests d. None of the above C. 4. The sustainable firm does not pursue a. Economic interests b. Social interests c. Personal interests d. Illegal interests D. 5. What is the one positive direct impact for business from enhancing their ethical behavior a. Accruing more market shares b. Building consumer based operation c. Enhancing foreign investment d. Enhancing corporate image

B. 6. Define what is ethical behavior? a. it is a good attitude b. it is simply the right thing to do c. Both of them d. None above C. 7. What is one of these choices as practical actions to embrace more Corporate Social Responsibility & Sustainability? a. Accruing environmental Assets b. Hiring more experienced sustainability managers c. Build firm's capabilities to boost community and environment d. None of them B. 8. Corporate social responsibility occurs when business public ethical, legal, commercial, and expectations a. Reacts b. meets or exceeds c. Understands d. hears A. 9. What is it called when business transactions take place between two or more countries outside their political boundaries? a. Local Business b. International Dominance c. International Corruption d. International Business D. 10. Which of the following is NOT a corruption issue? a. Expected bribes b. Sweatshop conditions c. Deceptive advertising d. High pressure sales techniques

Module 5 Activity 1 Direction: Identify the correct answer on the following statements. Free Trade 1. It refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country, or what they can produce and sell to another country. Raymond Vernon 2. His theory suggests that early in a product's life-cycle all the parts and labor associated with that product come from the area where it was invented. After the product becomes adopted and used in the world markets, production gradually moves away from the point of origin. Comparative advantage 3. According to this theory, it make sense for a country to specialize in the production of those goods that it produces most efficiently and to buy the goods that it produces less efficiently from other countries, even if this means buying goods from other countries that it could produce more efficiently itself. Mercantilism 4. It is an economic practice by which governments used their economies to augment state power at the expense of other countries. Governments sought to ensure that exports exceeded imports and to accumulate wealth in the form of bullion (mostly gold and silver). Absolute Advantage 5. It is the ability of an individual, company, region, or country to produce a greater quantity of a good or service with the same quantity of inputs per unit of time, or to produce the same quantity of a good or service per unit of time using a lesser quantity of inputs, than another entity that produces the same good or service.

Heckscher-ohlin Theory 6.This is a theory of comparative advantage in international trade according to which countries in which capital is relatively plentiful and labour relatively scarce will tend to export capital-intensive products and import labour-intensive products, while countries in which labour is relatively plentiful and capital relatively scarce will tend to export labour-intensive products and import capital- intensive products. New Trade Theory 7. This theory began to emerge in the 1970s when a number of economists pointed out that the ability of firms to attain economies of scale might have important implications for international trade. Wassily Leontief 8. He was the proponent of the Leontief Paradox theory and found out that the opposite was in fact the case: U.S. exports are generally more labour-intensive than the types of products that the United States imports. Product Cycle Theory 9. It shows how specific products were first produced and exported from one country but through product and competitive evolution shifted their location of production and export to other countries over time. Adam Smith 10. He was the father of Economics and the proponent of Absolute advantage theory.

Module 6 Activity 1 Direction: Define and Explain the following terms: 1. Ad valorem ten - are levied as a proportion of the value of the imported goods. 2. Tariffs - A Tariff is a tax levied on imports or exports. It falls into two categories. 3 Subsidy - A subsidy is a government payment to a domestic producer. Subsidies take many forms, including cash grants, low-interest loans, tax breaks, and government equity participation in domestic firms. 4 Import quota - is a direct restriction on the quantity of some goods that can be imported into a country. 5. Voluntary export restraint or (VER) - is a self-imposed trade restriction where the government of a country limits the amount of a certain good or category of goods that are allowed to be exported to a different country.

6. Administrative trade policies - are bureaucratic rules designed to make it difficult for imports to enter a country. Some analysts argue that the Japanese are the masters of this trade barrier. 7. Local content requirements - is a requirement that some specific fraction of a good be produced domestically. 8. GATT or The General Agreement on Tariffs and Trade - is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. 9 WTO or (World Trade Organization) - is an intergovernmental organization that is concerned with the regulation of international trade between nations. 10 Dumping - In international trade, dumping is variously defined as selling goods in a foreign market below their cost of production or selling goods in a foreign market below their “fair” market value.

Module 6 Activity 2 ESSAY: 1.Do you think governments should consider human rights when granting preferential human rights to countries? Yes, governments most definitely should consider human rights if you are going to engage in preferential trading rights, Protecting human rights is an important part of foreign policy for many. It can improve the human rights policies of the ones they are trading with. 2. Whose interests should be the paramount concern of government trade policy, is it the interest of the producers or those of the consumers? The long run interests of consumers should be the primary concern of governments. 3. Discuss your stand on the infant industry argument As a student my stand about the infant industry argument is that Infant Economic is an economic rationale for trade protectionism. The core of the argument is that nascent industries often do not have the economies of scale that their older competitors from other countries may have, and thus need to be protected until they can attain similar economies of scale.

Module 7 Activity 1 Direction: Identify the answers to the following statement. Joint Venture 1. It is a business agreement in which parties agree to develop a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets. Export 2. This refers to selling goods and services produced in the home country to other markets in other countries. Franchising 3. It is basically a specialized form of licensing in which the franchiser not only sells intangible property (normally a trademark) to the franchisee, but also insists that the franchisee agree to abide by strict rules as to how it does business. Countertrade 4.This is derived from the conceptual meaning, as to bringing in the goods and services into the port of a country. An import in the receiving country is an export to the sending country. Licensing Angreement 5. This is a written contract between two parties, in which a property owner permits another party to use that property under a specific set of parameters.

Licensor 6. The party providing the intellectual property is called the ?. Lincensee 7. This refers to the party receiving the intellectual property is called the ?. Turnkey Project 8. In this project, the contractor agrees to handle every detail of the project for a foreign client, including training operating personnel. At completion of the contract, the foreign client is handed the “key” to a plant that is ready for full operation.

Module 8 Activity 1 1.NAFTA has produced significant net benefits for the Canadian, Mexican, and U.S. economies. Discuss. NAFTA has produced significant net benefits for the Canadian, Mexican and U.S. economies. The net effect of the lower income jobs moving to Mexico and Mexico increasing its imports of higher quality American goods should be positive for the American economy. 2. What are the economic and political arguments for regional economic integration? Given these arguments, why don’t we see more substantial examples of integration in the world economy? Regional integration allows countries to overcome these costly divisions integrating goods, services and factors' markets, thus facilitating the flow of trade, capital, energy, people and ideas. Regional integration can be promoted through common physical and institutional infrastructure. It is because regional integration allows countries to overcome these costly problems that are not more substantial examples of integration in THE WORLD Economy. 3. What effect is creation of a single market and a single currency within the EU likely to have on competition within the EU? Why? Increase in competition, more effectiveness, no barriers, NO LOSS IN MONEY EXCHANGE, makes SHOPPING easy By creating a single market and currency, member countries can expect significant gains from the free flow of trade and investment.

Module 9 Activity 1 Self-Assessment Questions 1.Define Foreign Exchange, Foreign Exchange Rate and Foreign Currency. Foreign exchange, or forex, is the conversion of one country's currency into another. In a free economy, a country's currency is valued according to the laws of supply and demand. In other words, a currency's value can be pegged to another country's currency, such as the U.S. dollar, or even to a basket of currencies. In finance, an exchange rate (also known as a foreign-exchange rate, forex rate, or rate) between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country's currency in terms of another currency. 2. Differentiate Foreign Exchange Trading to Foreign Exchange Market. Markets in which you can trade one kind of money for another are called currency markets or foreign exchange markets. The price at which you trade one currency for another is called the exchange rate.

3. Enumerate the Determinants of Exchange Rate. 6 factors influencing exchange rates and what you can do about it Inflation rates. Inflation rates impact a country's currency value. Interest rates. Exchange rates, interest rates and inflation rates are all interconnected. Monetary policy and economic performance. Tourism. Geopolitical stability. Import and export value. 4. Explain the Financial InInstruments? Financial instruments are assets that can be traded, or they can also be seen as packages of capital that may be traded. ... These assets can be cash, a contractual right to deliver or receive cash or another type of financial instrument, or evidence of one's ownership of an entity.

Module 10 Activity 1 1.What is International Monetary System? An international monetary system is a set of internationally agreed rules, conventions and supporting institutions that facilitate international trade, cross border investment and generally the reallocation of capital between nation states. 2. What is the Bretton Woods Agreement? The Bretton Woods Agreement and System created a collective international currency exchange regime that lasted from the mid-1940s to the early 1970s. The Bretton Woods System required a currency peg to the U.S. dollar which was in turn pegged to the price of gold. 3. What is G-ology? Who is in the current G20? a branch of knowledge : science at least a dozen ologies will be represented on any one expedition nowadays.

MEMBERS OF G-OLOGY Argentina Australia Brazil Canada China France Germany India Indonesia Italy Japan South Korea Mexico Russia Saudi Arabia South Africa Turkey United Kingdom United States European Union

Module 11 Activity 1 Self-Assessment Questions 1.What is a capital market? What is an international capital market? A capital market is a financial market in which long-term debt or equity- backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. The International Capital Market Association or ICMA is a self-regulatory organization and trade association for participants in the capital markets. Despite the name suggesting a global outlook, it has a European focus. 2. What is the role of bond and equity markets? Buying equity securities, or stocks, means you are buying a very small ownership stake in a company. While bondholders lend money with interest, equity holders purchase small stakes in companies on the belief that the company performs well and the value of the shares purchased will increase. 3. Select one global financial center and research its history and evolution to present times. Do you feel that the center will remain influential? Why or why not? Shanghai Rank 3 Rating 748, 上海环球⾦融中⼼Yes, it remains influential because the Shanghai World Financial Center (SWFC; Chinese: ) is a supertall skyscraper located in the Pudong district of Shanghai. It was designed by Kohn Pedersen Fox and developed by the Mori Building Company, with Leslie E. Robertson Associates as its structural engineer and China State Construction Engineering Corp and Shanghai Construction (Group) General Co. as its main contractor. It is a mixed-use skyscraper, consisting of offices, hotels, conference rooms, observation decks, and ground-floor shopping malls. Park Hyatt Shanghai is the tower's hotel component, comprising 174 rooms and suites occupying the 79th to the 93rd floors, which at the time of completion was the highest hotel in the world. It is now the third-highest hotel in the world after the Ritz- Carlton, Hong Kong, which occupies floors 102 to 118 of the International Commerce Centre.

Module 12 Activity 1 Self-Assessment Questions 1.Explain Financial Markets. A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial markets as commodities. And also Financial markets refer broadly to any marketplace where the trading of securities occurs, including the stock market, bond market, forex market, and derivatives market, among others. Financial markets are vital to the smooth operation of capitalist economies. 2. What are the functions of financial markets? Financial markets create liquidity that allows businesses to grow and entrepreneurs to raise money for their ventures. They reduce risk by having information publicly available to investors and traders. These markets calm the economy by instilling confidence in investors. Financial markets function through the interaction of buyers and sellers that determine the price of traded assets. Financial markets provide a sign for the allocation of funds in the economy based on the demand and supply through the mechanism called the price discovery process. 3. Select one of the classifications of Financial Markets and explain its importance to global economic activity. One of the classification of Financial Markets is the MONEY MARKET. Money Market – It deals with monetary assets and short-term funds such as a certificate of deposits, treasury bills, and commercial paper, etc. which mature within twelve months. Capital Market – It trades medium and long term financial assets.

“ ’Even if you are on the right track, you ll get run over if ” –you just sit there. Will Rodgers