Ib Business And Management Notes

1. Balance of Payments: an annual record of a countrys export net income and its import expenditure; a surplus exists if the care for of exports exceeds the shelter of imports (vice versa for a deficit on the balance of payments) 2. deregulation: the remotion of g overnment rules and regulations which constrain an industry, on that pointby enhancing its efficiency; should excessively sanction more competition within an industry 3. direct task: a impose that is paid from the income of individuals or businesses, such as personalised income tax and corporation tax 4. economic developing: measures the change in the Gross municipal Product (gross internal product) of a nation over time; growth occurs if there is an increase in GDP for two consecutive living quarters 5. ethics: the moral values and judgments that rules of tack believes organizations should consider in their decision-making 6. exchange reckon: the value of a countrys currency in w rong of another currency 7. external shocks: unpredictable and unhoped-for changes in the external business environment that lean to travel all businesses in the saving, such as raw(a) disasters or wars; also knows as exogenous shocks 8. fiscal insurance policy: disposal policies that deal with taxation and government expenditure in order to affect the level of economic activity 9.

Gross national Product (GDP): the total value of a nations annual output, make use of as an indicator of the level of economic activity in a country 10. indirect tax: a levy set(p) on the purchase of goods and services, such as sales taxes and conflict with duties 11. i! nflation: occurs when the general price level in an miserliness continously rises; calculated by measuring changes in the cost of a representative basket of goods and services purchased by the average family unit over a period of time 12. interest rate: a measure of the price of gold, expressed in terms of the centre charged for money that is borrowed or how much is offered on money that is saved 13. monetary policy: government...If you want to gear up a total essay, order it on our website: BestEssayCheap.com

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