MB0053-International Business Management

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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.
Visit www.instamojo.com/subjects4u search for your
code pay and download fully solved assignments.
Any issues mail us at: [email protected] or
contact at
09882243490

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