Ethical issue that occurs when a person chooses whether to advance his or her own personal interests or those of others.
What is Conflict of Interest
100
Decline in production, employment, and income
What is a Recession ?
Page 13
100
Type of advantage is it when Hawaii produces more pineapples and Fona coffee because of the climate
What is Comparative Advantage
Page 59
100
Concept that concerns the impact of the entire business's activities on society
What is Social Responsibility?
200
Name of the group that has a stake in the success and outcomes of a business?
What is Stakeholders
Page 3
200
Identifiable problem, situation, or opportunity that requires a person to choose from among several actions that may be evaluated as right or wrong
What is an Ethical Issue
200
Sum of all goods and services produced in a country during a year
What is Gross Domestic Product (GDP)
Page 13?
200
PepsiCo allows a Canadian firm to use its name, formula, and brands in return for a loyalty. This arrangement is known as ?
What is Licensing
200
Mandates whistleblower protection for persons who disclose wrongdoing to authorities
What is the Sarbanes Oxley Act
Page 53 Table A.6
300
Society in which the people, without the regard to class, own all the nation's resources?
What is Communism
page 7
300
When a manager is attempting to take credit for a subordinate's ideas
What is Plagiarism
300
Measures changes in process in goods and services purchased for consumption by typical households
What is Consumer Price Index (CPI)
Page 15 Table 1.3
300
Sale of goods and services to foreign markets
What is Exporting
300
The activities that independent individuals, groups, and organizations undertake to protect their rights as consumers?
What is Consumerism
Page 36
400
# of products that businesses are willing to sell at different prices at a specific time?
What is Supply
Page 10
400
CVS eliminates tobacco products from its pharmacies. CVS believes it is contradictory in marketing itself as a healthcare service business
What is Corporate Citizenship
400
The level of wealth and material comfort that people have available to them
What is Standard of Living
Page 15
400
Affects the cost of importing and exporting when dealing with international trade
What is an Exchange Rate
400
What is it called when General Electric (GE) holds fundraising efforts to raise money for the United Way?
What is Community Relations
500
The competition that exists when there are many small businesses selling one standardized product such as agricultural commodities like wheat, corn, and cotton?
What is Pure Competition
Page 11
500
Federal regulatory unit that influences business activities related to questionable practices that create disputes between businesses and their customers?
What is Federal Trade Commission (FTC)
page 44
500
Occurs when a nation spends more than it takes in from taxes?
What is Budget Deficit
Page 14
500
International organization dealing with the rules of trade between nations created in 1995 by the Uruguay Round?
What is World Trade Organization (WTO)
500
The formalized rules and standards that describe what a company expects of its employees