| A | B |
|---|
| Economic Community | an orgaization of countries that bond together allow free flow of products; the group acts as a single country for business activities with other regions of the world |
| Econimc nationalism | the trend to restrict forigen ownersip of companies and to establish laws that protects agianst foriegn imports |
| Economics | the study of how people choose to use limited resources to satisfy their unlimited needs and wants |
| economic systems | the method a country uses to decide what, how, and for whom goods and services are to be produced |
| electronic funds transfer | a system that moves payments through computerized banking systems |
| employment forecasting | estimating in advance the types and numbers of employees needed |
| endorsement | a certificate that adds to or chnages the coverage of an insurance policy |
| entrenuer | a risk taker who operates a business; the person who brings together the resources of land, labor, and capital for a company to get started and operate successfully |
| equity capital | funds provided by a company's owners |
| equity funds | business funds obtained from the owners of the business |
| ethical standards | rules that govern the acceptability of actions |
| ethnocentric approach | a human resources approach that uses natives of the parent country of a business to fill key positins at home and aboard |
| ethnocentrism | belief that one's culuture is better than other cultures |
| eurodollar | u.s. dollar deposited in abamk outside of the united states and used in money markets of Europe |
| exchange control | government restirction to regulate the amount and value of a nation's currency |
| expatriate | person who lives and works outside her or his native country |
| experiment | a comparison of two o rmore very similar research situations |
| expert system | a software system with artifical intelligence that compares past information to current information in order to reach a conclusion; it uses a knowledge base and inference rules |
| export managment company | internation intermediary that provides complete disribution services for businessthat desire to sell in foriegn markets |
| exports | products sold to a company or goverment in another country |
| export trading company | international intermediary that provides full service global distribution |
| expriation | when government takes control and ownership of foriegn owned assets and companies |
| extended family | parents, children, and other relatives living together |
| external data sources | sources outside an organization that provide input |
