Ib Business And Management Notes

1. Balance of Payments: an annual record of a countrys export internet and its import expenditure; a surplus exists if the care for of exports exceeds the revalue of imports (vice versa for a deficit on the balance of payments) 2. deregulation: the removal of g overnment rules and regulations which constrain an industry, thitherby enhancing its efficiency; should overly sanction more competition within an industry 3. direct taxation: a levy that is paid from the income of individuals or businesses, such as personalised income tax and corporation tax 4. economic egression: measures the change in the Gross municipal Product (gross interior(prenominal) product) of a nation over time; growth occurs if there is an increase in GDP for two consecutive canton 5. ethics: the moral values and judgments that rules of point believes organizations should consider in their decision-making 6. exchange consider: the value of a countrys currency in wrong of another currency 7. external shocks: unpredictable and unthought-of changes in the external business environment that lean to touch all businesses in the saving, such as raw(a) disasters or wars; also knows as exogenous shocks 8. fiscal insurance policy: presidency 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, plight 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 shake up with dut! ies 11. inflation: occurs when the general price level in an sparing continously rises; calculated by measuring changes in the cost of a representative basket of goods and services purchased by the average sign 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 get in a total essay, order it on our website: BestEssayCheap.com

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