About This Chapter
Praxis Business Education: International Business Environment - Chapter Summary
Get an overview of international business environments and the changing landscape of the global market with this chapter's video lessons. Topics of discussion included here can get you ready for Praxis Business Education test questions on the following areas:
- International business treaties
- Sovereign immunity
- Import and export trade alliances
- International trade regulations
- Trade deficit and surplus
Instructors teaching this chapter cover all the legislative acts and constitutional articles you'll need to be familiar with to understand international trade regulations. The engaging video lessons, transcripts and self-assessment quizzes can also help you explore the relationship between a country's infrastructure and its place in the global market.
Praxis Business Education: International Business Environment Objectives
The Praxis Business Education exam is used by many state education departments to determine the academic preparedness of candidates for teacher licensure in this subject area. The exam lasts two hours and contains 120 multiple-choice questions. You can use this chapter to prepare for the approximately 18 test questions falling under the law and international business content domain, which is designed to assess your knowledge of social, political and economic factors affecting the international business environment and your familiarity with trade agreements.
1. The Changing Landscape of the Global Market
The global market is still developing, and a market that is developing is dynamic. The constant change offers opportunities and presents risks to countries and their domestic industries. In this lesson, you'll learn about some of these risks and opportunities.
2. Treaties Under Article II of the U.S. Constitution
Treaties are an important part of international law. A treaty is a legally binding agreement made between two or more government entities. This lesson explains the difference between bilateral and multilateral treaties.
3. Sovereign Immunity: Definition, Act and Waivers
The Foreign Sovereign Immunities Act places limitations on lawsuits that involve foreign sovereign nations. This lesson explores the Foreign Sovereign Immunities Act and explains when immunity is applicable.
4. International Trade Organizations and Trade Agreements
International trade organizations and trade agreements have enormous power in the global trade environment. In this lesson, you will learn about the roles of the GATT, NAFTA, and the World Trade Organization.
5. International Trade Regulations & Restrictions
Importing and exporting are vital elements to a healthy U.S. economy. Businesses should be familiar with international laws regarding trade. This lesson defines imports and exports and discusses international trade regulations and restrictions.
6. Achieving Trade Balance: Trade Deficit and Surplus Examples
Find out what trade balance, trade deficit, and trade surplus are. Learn about some recent examples that help clarify trade deficit and surplus. Explore what countries have a surplus and what countries have a deficit.
7. Political Environment in International Business: Definition, Factors & Impact
Governments and politics play a large role in international business. In this lesson, you'll learn about the political environment in international business, some of its key factors, and its impact. A short quiz follows.
8. Effects of Society & Culture on Global Business
Travel and technology have made our world smaller, which has led to greater opportunities for companies to operate in a global market. This lesson will look at the effects of society & culture on global business.
9. Legal Environment of International Business: Definition & Essentials
Conducting business oversees can be a complicated legal affair. In this lesson, you'll learn some of the essential legal characteristics of international business. A short quiz is provided after the lesson.
10. The Impact of a Country's Infrastructure on Businesses
A country's infrastructure impacts businesses in many ways. This lesson describes both hard and soft infrastructure, provides business examples of each, and discusses the cost and measurement of impact.
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Other chapters within the Praxis Business Education - Content Knowledge (5101): Practice & Study Guide course
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- Praxis Business: Information Technology Operations and Concepts
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- Praxis Business: Computer Applications
- Praxis Business: Programming & Design
- Praxis Business: Foundations of International Business
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- Praxis Business: Consumer & Computer Law
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