5.03
The duty of business is to contribute to the well-being of society.
What is social responsibility?
The type of economy used in the united states
Mixed economy
A Japanese factory within the US's GDP belongs to whom
America
- The process of coordinating resources in order to accomplish an organization's goals
Managment
The job of preventing companies from competing unfairly.
Federal trade commission
The total monetary value of all final goods and services produced (and sold on the market) within a country during a period of time.
GDP
The process of obtaining funds and using them to achieve the business's goals.
Finance
The economy where the government owns all the services
Command economy
GDP divided by the total population
What is GDP per capita?
Globalization, consumer demand, spending trends, and industry structure changes, are all forces that drive what?
What is market changes
The act of preventing companies from forming a monopoly
The Sherman Anti-Trust Act
Amount in value in goods in services produced from said amounts of resources.
What is productivity?
Economic responsibilities
legal responsibilities
ethical responsibilities
philanthropic responsibilities
What are the 4 types of responsibilities
The federal trade commission, food and drug administration, the Department of economic security, and the department of defense are all examples of what?
How are federal agencies impacting business activities?
Lack of communication, poor planning, unclear goals, unsafe working conditions, and lack of tools is all what?
What is hindering productivity?