Goods and services that U.S. companies buy from other countries
What are Imports
100
Exports > Imports
What is a positive balance of trade
100
Buying goods and services
Employing workers
Raising revenue
Borrowing money
What is Government as a business
100
Principles of conduct governing an individual or group
What are ethics
100
Subtract Imports from Exports
What is the balance of trade
200
Goods and services that U.S. companies sell to other countries. Farm machinery, medicines, & office equipment that we produce are in high demand around the world.
What are Exports
200
The value of a currency of one country compared with the currency of another country.
What is the exchange rate
200
Enacts laws that protect individuals and businesses in the marketplace.
What is Government as protector
200
Setting a good example
Doing business in other countries
Educational programs
What is ethical conduct
200
Conservation is preserving scarce natural resources
What is environmental protection
300
A device governments use to regulate international trade that completely stops the export or import of goods or services. They are used sparingly because they could have a negative impact from the countries involved.
What is an embargo
300
Causes the price of those products to increase in the country’s markets
The duty of a business to contribute to the well-being of the community and society at large
What is social responsibility
300
Members of these groups must have equal access to education, training, jobs, and career advancement
What is workplace diversity
400
An agreement to exchange goods and services for something of value, usually money.
What is a contract
400
Imports > Exports
What is a negative balance of trade
400
Patent
Copyright
Trademark
What is intellectual property
400
Safe place to work
Training
How to work safely
What to do in case of an emergency
Occupational Safety and Health Administration (OSHA)
Health and wellness
What is job safety
400
Societal expectations and standards
Unfair labor practices
What are international business relations
500
An organization that supplies a good or service that all citizens need and use
What is a public utility
500
We cannot provide all the goods consumers want so it is necessary to do business with companies throughout the world.
What is trade with other countries
500
Local telephone service
Water
Gas
Electricity
What are goods and services provided by a public utility
500
Rules about how businesses and their employees are expected to behave.
What are business ethics
500
Benefits
Reduces government action
Improves quality of life
Costs
Costs reduce profit
Striking a balance