MGT 4420 Chapter : Test 1 Review (Chapters 1-4)
Document Summary
Offshoring: the process by which companies undertake some activities at offshore locations instead of in their countries of origin. Outsourcing: the subcontracting or contracting out of activities to external organizations that had previously been performed by the firm. General agreement on tariffs and trade (gatt) Ministry of international trade and industry (miti) South korea: chaebols (large family-held korean conglomerates) Sovereignty and sovereign immunity: an international principle of law which holds that governments have the right to rule themselves as they see fit. International jurisdiction: a jurisdictional principle of international law which holds that every country has jurisdiction over its citizens no matter where they are located, nationality principle. Recent formal agreement by many industrialized nations to outlaw the practice of bribing foreign government officials. Illegal for u. s. firms and their managers to attempt to influence foreign officials through personal payments of political contributions.
