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