| A | B |
|---|
| Globalization | The act of becoming worldwide in scope or application. |
| Culture | The customary beliefs, social forms, and material traits of a racial, religious, or social group. |
| Internet Infrastructure | The computers and software connected to the Internet and the communications networks over which the message packets travel. |
| Jurisdiction | the ability of a government to exert control over a person or corporation. |
| Permanent Establishment | Physical location of an organization or business for taxation purposes. |
| International business | An organization or business which conducts electronic commerce with nations around the globe |
| Income Taxes | Taxes that are levied by national, state, and local governments on the net income generated by business activities. |
| Transaction taxes | Include sales taxes, use taxes, and excise taxes, are levied on the products or services that the business sells |
| Tariffs | A schedule of duties (taxes) imposed by a government on imported goods or in some countries exported goods |
| Exchange rate | The ratio at which the principal unit of two currencies may be traded. |
| Currency Conversion | The process of using a financial formula (incorporating current exchange rates) to convert a given amount of one currency to its equivalent value in another currency. |
| Asynchronous | Digital communication in which there is no timing requirement for transmission of messages. |
| Domain Name | A web address; locates an organization or other entity on the Internet |
| Domain extensions (Top Level Domains) | These are often indicative of the origin or type of site to which the domain name *points. |
