Define a trade deficit and a trade surplus. What are the implications of a long-term trade deficit or trade surplus? What techniques are available to correct balance of payment deficit or surplus?

Does free trade equate to fair trade? Does free trade exist anywhere in the world? Respond to the questions and support your answers with examples.

What are the elements of capital budgeting? How do you determine these elements in the global business arena? Provide examples of how you would use capital budgeting analysis to determine the desirability of global projects.

What are the international and regional institutions that comprise the global monetary and financial system? What role do these institutions play in promoting global business operations?

Name the factors that may contribute to the global business failure of an organization? How might a global organization protect itself against a global business failure?

Are US ethical standards applicable worldwide? Explain your answer and provide examples. What are the consequences of failure to incorporate ethical considerations into global planning?