This is the name for employees who report wrongdoing at their place of employment and are sometimes retaliated against for doing so.
What is whistleblowers?
100
It is common for businesspeople in this country to refuse a gift three times and then accept it.
What is China?
100
Like all economies, the US economy does not truly fit into one economic system. The US is often called a "modified" version of this economic system because of the country's government regulation and consumer protection.
What is modified capitalism?
100
This flexible document provides background on a company including estimates on income and expenses, and is often used in order to secure financing.
What is a business plan?
200
A doctor's check-up, or an NBA basketball game could be considered these types of products.
What are intangible products?
200
This is an unethical and often illegal type of activity that involves gifts or special favors to influence the outcome of a decision.
What is bribery?
200
This type of advantage occurs when a country is most efficient at producing a specific product, but not the only country that produces it.
What is a comparative advantage?
200
This type of work assignment requires the employee to repeatedly complete only one task. It is considered highly efficient, but employees may see it as very boring.
What is specialization?
200
According to guest speaker Danette Gossett, this financial tool is a great way to prepare for the future, including expansion of your company or a challenging time.
What is credit?
300
Monopolies are generally not allowed in the United States because they limit consumers' options. This law prevents monopolies from emerging.
Antitrust laws
300
This major company is seen as being highly innovative and successful, but was exposed in the New York Times in 2015 as having high employee turnover because there is a lot of pressure on its employees.
What is Amazon?
300
This trade agreement, signed in the 1990s, made it much easier for Canada, Mexico and the US to do trade across each other's borders.
What is NAFTA?
300
If Pepsi were to divide its team based on consumer and business-to-business clients, it would use this type of departmentalization?
What is customer departmentalization?
300
This business ownership model is popular because it protects the liability of business owners while also allowing owners to be taxed as if the business were a partnership.
What is a Limited Liability Company (LLC)?
400
The VP of Marketing from Macy's contacted an operations manager from another division for assistance with a project. This reflects what type or direction of organizational communication?
What is diagonal communication?
400
As a large organization, Bank of America tries to encompass this business practice which is known to generate profit through its fair and generous treatment of employees, customers and the communities it serves.
What is social responsibility?
400
This country has had a longterm embargo with the United States and has been severely challenged economically. Some movement is being made to introduce American businesses. Despite this lack of prosperity, its people are highly educated.
What is Cuba?
400
This occurs when decision-making authority is spread across multiple areas of the organization.
What is decentralization?
400
This type of business ownership is usually fairly easy to set up (but can be costly), requires little marketing support, offers few opportunities for product or service variations, and requires the sharing of profits with the parent company.
What is a franchise?
500
In economics, this is the point where the quantity supplied by a company equals the demand from customers.
What is the equilibrium point?
500
Choosing to hire your spouse without a search for a senior management role at your organization could be perceived as what type of ethical issue?
What is a conflict of interest?
500
Residents of the UK, particularly the elderly, voted for Brexit largely because of dissatisfaction with the European Union's policies on this.
What is immigration?
500
Acme Grocery decides to merge its company with Common Trucking, the logistics company that handles all of its deliveries. This would be considered what type of merger?
What is a vertical merger?
500
The business owner is the most important source of funding for a business. Using personal assets such as property or your savings, would be considered what type of financing?