Ethics
The principles we live by like honor and integrity
ethics
Where does the government get most of it's revenue from?
Taxes on income
What business cycle is missing from the following?
recession, depression, recovery
Prosperity
General rise in the prices of goods and services is called?
Inflation
A general decrease in the costs of goods and services is called?
Deflation
What are factories that have unsafe working conditions, treat workers badly, and pay poorly?
Sweatshops
What is the monetary value of all the goods and services produced in a country in a given year?
(GDP) Gross domestic production
Environmental Protection agency
Another word for revenue is called?
Money
Period of severe economic decline
Depression
It requires that men and women to be paid the same wages for doing equal work?
Equal pay act
The total amount of money a government owes is called?
National debt
Division of the department of labor that sets and enforces work-related health and safety rules is called?
(OSHA) Occupational Safety and Health Administration
A rise in business activity after a recession or depression is called?
Recovery
A time when economic activity slows down is called?
Recession
Obligation a business has to do what is best for for society
Social Responsibility
Most business police themselves by distributing a?
Code of ethics
This government agency protects consumers from dangerous or falsely advertised products?
(FDA) Food and drug administration
When the government spends more than it collects in taxes is called?
Budget Deficit
Repeated rise and fall in prices of goods and services is called?
Business cycle
What is Ethical question in business will occur when businesses put their profits over the well being of consumers?
Conflict of Interest
What is a set of guidelines about how a business should behave?
Business ethics
Another word for expenditures is?
Payments or bills
When the government's revenue exceeds its expenditures during one year is called?
Budget surplus
The peak of economic activity is called?
Prosperity