This document provides information about obtaining fully solved assignments from an assignment help service. It lists the program names and semesters they provide assignments for, including MBADS, MBAN2, and various postgraduate diplomas. It provides a contact email and phone number to obtain assistance. The document also includes a sample assignment question on international business management that covers topics like globalization, theories of international trade, regional integration, GATS, ILO, differences between domestic and international accounting, and international trade payment terms.
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ASSIGNMENT
DRIVE FALL 2015
PROGRAM MBADS / MBAN2 / MBAHCSN3 / MBAFLEX – (SEM 4)
PGDENMN /PGDFMN/ PGDHRMN / PGDHSMN / PGDIB /
PGDISMN / PGDMMN / PGDOMN / PGDPMN /
PGDROMN / PGDSCMN / PGDTQMN – (SEM 2)
SUBJECT CODE & NAME MB0053 –International Business Management
BK ID B1724
Credit and Max. Marks 4 credits; 60 marks
Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
1 “The world economy is globalizing at an accelerating pace”. Discuss this statement and list the
benefits of globalization.
Answer : Globalization is the process of international integration arising from the interchange of
worldviews,products,ideas,andotheraspects of culture. Put in simple terms, globalization refers
to processes that increase world-wide exchanges of national and cultural resources. Advances in
transportation and telecommunications infrastructure, including the rise of the telegraph and its
posterity the Internet, are major factors in globalization, generating further interdependence of
economicandcultural activities.Thoughseveral scholarsplace the originsof globalizationinmodern
times, others trace its history long before the
2 Compare the Adam Smith and David Ricardo’s theories of international trade with examples.
Answer : In 1817, David Ricardo, an English political economist, contributed theory of comparative
advantage in his book 'Principles of Political Economy and Taxation'. This theory of comparative
advantage, also called comparative cost theory, is regarded as the classical theory of international
trade.
According to the classical theory of international trade, every country will produce their
commodities for the production of which it is most suited in terms of its natural endowments
climate quality of soil, means of transport, capital, etc. It
2. 3 Regional integration is helping the countries in growing their trade. Discuss this statement.
Describe in brief the various types of regional integrations.
Answer : Regional integration is vital to creating the infrastructure that many poor countries are
unable to build on their own: trade corridors, transport networks, energy development, water
resources management, and telecommunications connectivity. Effective collaboration among
countries can meet the critical gaps in basic access and service delivery that promote growth and
development.
Types
4 Write short note on:
a) GATS (General Agreement on trade in services)
Answer : The General Agreement on Trade in Services (GATS) is a treaty of the World Trade
Organization (WTO) that entered into force in January 1995 as a result of the Uruguay Round
negotiations.The treaty was created to extend the multilateral trading system to service sector, in
the same way the General Agreement on Tariffs and Trade (GATT) provides such a system for
merchandise trade.
All members of the WTO are signatories to the GATS. The basic WTO principle of most favoured
nation(MFN) appliestoGATSas well.However,uponaccession,Membersmayintroduce temporary
exemptions to this rule.
b) ILO (International Labour organization)
Answer : Underlying the ILO’s work is the importance of cooperation between governments and
employers’ and workers’ organizations in fostering social and economic progress.
The ILO aims to ensure that it serves the needs of working women and men by bringing together
governments, employers and workers to set labour standards, develop policies and devise
programmes. The very structure of the ILO, where workers and employers together have an equal
voice with governments in its deliberations, shows
5 What is the difference between domestic and international accounting and how will you
measure this difference?
Answer : What is Domestic Accounting?
Domestic Accounting: an information specialty providing information about a firm to users of that
information as a basis for economic decisions.
What is International Accounting?
International Accounting (defined): same as above
6 Discuss the various payment terms in international trade. Which is the safest method and why?
3. Answer : Introduction
There is no predefined definition of personal import. In general a personal import is a direct
purchase of foreign goods from overseas mail order companies, retailers, manufacturers or by an
individual for the purpose of personal use.
The most common terms of purchase are as follows:
Consignment Purchase
Consignmentpurchase termscanbe the mostbeneficialmethodof paymentforthe importer.Inthis
method of purchase, importer makes the payment only once
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )