Chapter 1
2 - Chapter 1
Chapter 2
Chapter 2 & 3
Ch 3
100
differences among people in a work force owing to race, ethnicity, and gender
What is Cultural or workplace diversity
100
Rivalry among businesses for sales to potential customers
What is competition
100
The study of right and wrong and of the morality of the choices individuals make
What is ethics
100
A comprehensive report of what an organization has done and is doing with regard to social issues that affect it
What is social audit
100
selling and shipping raw materials or products to other nations
What is exporting
200
The organized effort of individuals to produce and sell, for a profit, the products and services that satisfy society's needs
What is business
200
The quantity of a product that producers are willing to sell at each of various prices
What is Supply
200
The application of moral standards to business situations
What is business ethics
200
All business activities that involve exhanges across national boundaries
What is international business
200
Purchasing raw materials pr productrs in other nations and bringing them into one's own country
What is importing
300
The way in which people deal with the cration and distribution of wealth
What is Economy
300
The quantity of a product that buyers are willing to purchase at each of various prices
What is Demand
300
The recognition that business activities have an impact on society and the consideration of that impact in business decision making
What is Social Responsibility
300
The ability to produce a specific product more efficiently than any other nation
What is absolute advantage
300
A complete halt to trading wiht a particular nation or in a particular product
What is empbargo
400
A person who risks time, effort, and money to start and operate a business
What is Entrepreneur
400
A system of exchange in which goods or services are traded directly for other goods
What is Barter
400
Let the buyer beware
What is caveat emptor
400
The ability to produce a specific product more efficiently than any other product
What is comparative advantage
400
powerful successor to GATT that incorporates trade in goods, services, and ideas
What is World Trade Organization
500
The recurrence of periods of growth and recession in a nation's economic activity
What is Business Cycle
500
Meeting the needs of the present without compromising the ability of future generations to meet their own needs
What is Sustainability
500
The view that society will benefit most when business is left alone to produce and market profitable products that society needs
What is Economic model of social responsiblity
500
The concept that business should emphasize not only profits but also the impact of its decisions on society
What is Socioeconomic model of social responsibility
500
An international bank with 184 memeber nations that makes short-term loans to developing countries experiencing balance of payment deficits
What is International Monetary Fund
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