Business
The primary Business objective
What is Satisfy a need
Focus of Code of Ethics
Consumers, Employees, Environment
Selling and shipping products to other nations
What is Exporting
Responsible for all debts and obligations
What is Unlimited Liability
Expenses > Gross Revenue
What is a Loss
Study of Domestic & Global economy
What is Macro economics
Latin phrase of “let the buyer beware”
What is "Caveat emptor"
International Business Trading Tax
What is a Tariff
Invests money but has NO management responsibility
What is a Limited Partner
Organization that Mediates Tariffs and Trade Disputes
What is the World Trade Organization
Capitalism + Command economy
What is a Mixed Economy
Consumer Rights
Safety, Info, Choose, Heard, Ed, Service
Complete Halt to trading with another nation
What is an Embargo
Contractual agreement of partnership
What is Articles of Partnership
Contract between a corporation and state
What is a Corporate Charter
Business Cycle Phases
Person who reports unethical misconduct
What is a Whistleblower
Imports are greater than Exports
What is a Deficit
Distribution of earnings to stockholders
What is a Dividend
Partner with NO management responsibility
What is Limited Partner
Factors to Produce a product
Land, Natural resources, Labor, Capital
Investigates complaints of employment discrimination
What is Equal Employment Opportunity Commission
Produce MORE QUANTITY using same number of resources
What is Absolute Advantage
Contract between a corporation and state
What is a Corporate Charter
Corp conducts business within incorporated state
What is Domestic Corp