The Global Marketplace & Competition
A company that does business in multiple countries and has facilities/offices all across the world.
What are multinational corporations?
Business that takes place across state lines.
What is interstate commerce?
This occurs when gifts, money, or favors are offered to encourage a business deal, often portrayed as unethical in the United States.
What is bribery?
While most mammals are in the pregnancy business, this mammal is known for laying eggs instead of giving live birth.
What is a platypus?
This rap group came out with the hit single "Hey Ya", which features one of the greatest rappers alive in Andre 3000.
Who is Outkast?
The difference in the value between a country's imports and exports over a period of time.
What is the balance of trade?
Laws that allow the federal government to break up, regulate, or take control of monopolies.
What are anti-trust laws?
A U.S. Department of Labor branch that sets and enforces work-related health and safety protocols is called this.
What is OSHA? (Occupational Safety and Health Administration)
A 401K is a tax-advantage account that is designed to help you save for life after this.
This artist rapped, "You know, it's funny, when it rains it pours... They got money for wars, but can't feed the pour."
Who is Tupac Shakur?
The ability of one country or company to produce a particular good more efficiently than another country or company.
What is a comparative advantage?
This happens when one person/party fails to live up to the terms of a written legal agreement between two or more parties.
What is a breach of contract?
This act was put into effect in the 1960s, which states that men and women are paid the same wage for equal work.
What is the Equal Pay Act?
This hair-style has been nicknamed, "Business in the front, party in the back."
What is a mullet?
Which famous late rapper rapped in their song Missed Calls, "Long days, longer nights, you keep startin' fights, think you always right. Call you up to tell you I ain't coming home tonight, say you wanna leave me, it's just talkin' but I know you might."
Who is Mac Miller?
A tax placed on imports to increase their price in the domestic marketplace.
What is a tariff?
A legal grant for the sole right to own an invention is called this.
What is a patent?
This agency was created in 1970 to protect the environment and control pollution.
What is the EPA? (Environmental Protection Agency)
The 2002 Eminem song "Business" was written about this successful partnership with another fellow rapper who went on to create their own version of over-the-ear headphones.
Who is Dr. Dre?
This famous female artist was featured in a hit song from 2010, where she sang: "In New York, Concrete Jungle where dreams are made of, There's nothing you can't do."
Who is Alicia Keys?
Several countries merging their economies into one large market is called this.
What is a trade alliance?
Monetary grants given to producers or consumers to encourage certain behaviors are called this.
What are subsidies?
This act was put into place in the early-2000s, which mandated mandatory truthful reporting of the health of a business, making CEOs more accountable of their financial actions.
What is the Sarbanes-Oxley Act?
This term describes the year as it pertains to figuring out your business's annual budget and other finances. This year does not have to begin on January 1st; rather, it normally begins on either July 1st or August 1st.
What is fiscal?
This artist, also known as "Lil Boat", rapped these famous lyrics in 2016: "I know you know my slogan, if it ain't about guac, I'm gone."
Who is Lil Yachty?