Taking Risks and Making Profits
Tools, machinery and buildings.
What are examples of capital resources?
Believed that overpopulation was a major cause of poverty.
Who is Thomas Malthus?
The selling products to another country.
What is exporting?
Behavior that is accepted by society as right versus wrong.
What is moral behavior?
Purposefully understating your company's income to avoid paying higher taxes.
What is illegal behavior?
Makes business operations more effective, efficient, and productive.
What is technology?
Turns self-directed gain into social and economic benefits for all.
What is the 'invisible hand'?
The movement of goods and services between nations without political or economic barriers.
What is free trade?
A common form of cheating in colleges today.
What is plagiarism?
Planning, leading, organizing, controlling.
What are the primary functions of management?
The buying and selling of goods online.
What is E-commerce?
Is the foundation of the U. S. economic system.
What is capitalism?
One of the three largest exporters in the world.
Who is China?
People who report illegal or unethical behavior.
Who are whistle-blowers?
Strengths, weaknesses, opportunities, threats.
What is a SWOT analysis?
Allows companies to be more responsive to their customers' wants and needs.
What is technology?
Occurs when there is a single seller for a product or service.
What is a monopoly?
Granting a foreign company the right to manufacture your product or to use our company's trademark in return for a fee.
What is licensing?
The most important step in an effective code of ethics.
What is enforcement?
Creative people who work as entrepreneurs within corporations.
What is an intrapreneur?
When individuals or companies access people's personal information illegally.
What is identity theft?
Just a few sellers dominate the markets for laundry detergents, soft drinks, and automobiles, etc.
What is an oligopoly?
Selling a product in a foreign country for a lower price than the good is sold in the producing country.
What is dumping?
Monitors how well companies enforce their ethical and social responsibility policies.
Who are watchdogs?
The amount of goods and services people can buy with the money they have.
What is standard of living?