 |     |
|
| |
| | A | B | C | D | E | F | G | H | I | J | L | M | N | O | P | R | S | T | U | V | W | Z | |
 |
|
S short selling Occurs when an investor places a speculative bet that the value of a financial asset will decline, and profits from that decline. sight draft A draft payable on presentation to the drawee. Single European Act A 1997 act, adopted by members of the European Community, that committed member countries to establishing an economic union. Smoot-Hawley Tariff Enacted in 1930 by the US Congress, this tariff erected a wall of barriers against imports into the United States. social democrats Those committed to achieving socialism by democratic means. social mobility The extent to which individuals can move out of the social strata into which they are born. social strata Hierarchical social categories. social structure The basic social organization of a society. socialism A political philosophy advocating substantial public involvement, through government ownership, in the means of production and distribution. society Group of people who share a common set of values and norms. sogo shosha Japanese trading companies; a key part of the keiretsu, the large Japanese industrial groups. sourcing decisions Whether a firm should make or buy component parts. specialized asset An asset designed to perform a specific task, whose value is significantly reduced in its next-best use. specific tariff Tariff levied as a fixed charge for each unit of good imported. spot exchange rate The exchange rate at which a foreign exchange dealer will convert one currency into another that particular day. staffing policy Strategy concerned with selecting employees for particular jobs. state-directed economy An economy in which the state plays a proactive role in influencing the direction and magnitude of private sector investments. stock of foreign direct investment The total accumulated value of foreign-owned assets at a given time. strategic alliances Cooperative agreements between two or more firms. strategic commitment A decision that has a long-term impact and is difficult to reverse, such as entering a foreign market on a large scale. strategic trade policy Government policy aimed at improving the competitive position of a domestic industry and/or domestic firm in the world market. strategy Actions managers take to attain the firm's goals. Structural Impediments Initiative A 1990 agreement between the United States and Japan aimed at trying to decrease nontariff barriers restricting imports into Japan. subsidy Government financial assistance to a domestic producer. swaps The simultaneous purchase and sale of a given amount of foreign exchange for two different value dates. systematic risk Movements in a stock portfolio's value that are attributable to macroeconomic forces affecting all firms in an economy, rather than factors specific to an individual firm (unsystematic risk). |
MHHE Home | About MHHE | Help Desk | Legal Policies and Info | Order Info | What's New | Get Involved
