business chapter 1-3 + 17
true
B corporations are 501c3 non-profit charitable organizations?
true
Becoming a team builder and learning to handle conflict well are two ways to develop the interpersonal skills needed for career success
comparative advantage
Canada is currently the second largest producer of nickel in the world. The reopening of the world famous Voisey's Bay mine, which has total resources estimated at 124 million tons of nickel-bearing ore, should give Canada a clear:
tariff
The Royal Government of Bhutan imposes a 10 percent tax on all operating tables, examination tables, and dentist's chairs imported into Bhutan. Another name for this type of tax is a(n):
multinational
The Ford Motor Company has invested $6 billion to build a "world car," the midsize Mondeo. The car was designed in the U.S., Germany, and the United Kingdom to be adaptable to any market in the world. Ford is a(n) _____ company.
the total value of all final goods and services produced in Poland during 2006
The GDP of Poland in 2006 was approximately $512 billion. This $512 billion represents
90%
What percent of our workplace success depends on an understanding of other people?
direct foreign investment
When Grand Metropolitan, a British company, purchased U.S.-based Pillsbury Co. in order to expand its product line and the market for its existing consumer products, it was an example of a(n):
Start out questioning processes that are not familiar to you
Which of these steps does not help you get off on the right track in a new job?
true
economic factors are one of the seven sectors impacting the business environment. One item that would be an important economic factor is the business cycle which relates to quarterly changes in GDP
labor
example of factor production
knowledge
the fifth factor if production identified by many manager and academicians is
has emerged as the world's most powerful institution for reducing trade barriers and opening markets
The World Trade Organization (WTO):
balance of payments
The _____ is the total amount of money that flows in and out of a country.
philanthropic responsibilities
At the base of the corporate social responsibility pyramid is:
plan
A(n) _______ is a method or process worked out in advance that leads to the achievement of some goal
true
Amgen, the largest biotechnology company in the world, donates millions of dollars annually to raise the value of science literacy in the community and attract bright young minds into the field of science. This is an example of corporate philanthropy.
capitalism
An economic system based on complete freedom of trade and little, if any, government control is known as:
recession
As soon as any nation has experienced two consecutive quarterly declines of its gross domestic product (GDP), that nation will be in a(n)
a licensing agreement
CoolBrands International has entered an agreement with Binney & Smith to create a line of frozen novelties based on the Crayola brand, including pops, bars, sandwiches, cups, cones, sundaes and shakes. CoolBrands will pay Binney & Smith a royalty for the right to use the Crayola trademark. This is an example of:
people's vital stats
Demography is the study of
false
Getting up 15 minutes earlier to plan your day and doing two things at the same time are two ways to improve your time management
true
One rule of the test taking game is to check at the end to see if all questions were answered.
political and legal
Laws passed by the U.S. Congress concerning how U.S. businesses trade with Cuba would be an example of _____ factors/sectors that influence the business environment
free trade zones
Nations sometimes form free-trade associations and establish areas where there are few, if any, export and import duties or other regulations that would act as barriers to trade among partners. These are called:
how many levels of organization does the business have
One of the keys to ethical business behavior is
uses artificial barriers to protect domestic industries
Protectionism:
employees
Social responsibility should extend beyond the shareholders to include:
refers to the practice of tying philanthropy closely to the corporation's mission and the communities where it operates
Strategic giving:
true
The most fundamental reason for the growth in world trade is probably due to the creation of free trade areas.
supply
The quantity of a product or service that businesses will make available at various prices is called:
revenue
money that a company receives from providing services or selling goods to customers
trade deficit
In 2018, Country A exported $1.237 billion and imported products valued at $5.552 billion.
true
If you are trying to study but get distracted by all of the things you need to do, take time to make a to-do list
embargo
In 1914, the United States prohibited the importation of Mexican avocados even though Mexico is the world's largest producer of the fruit. This prohibition remained in effect until 1996. The ban on importing Mexican avocados is an example of a(n):
macroeconomics
Wal-Mart has announced that it will only sell fresh and frozen fish that come from environmentally sound sources and bear the label of the Marine Stewardship Council. Wal-Mart's size gives it a unique opportunity to improve the fishing industry. This concern for _____ is one of many initiatives Wal-Mart is introducing to improve our environment.
a pure monopoly
When a single firm accounts for 100 percent of industry sales, it is an example of
fiscal
When the government decides to cut military spending, it is implementing a(n) _____ policy.
They encourage managers and employees to learn local customs
Which of the following is not one of the ways that multi-national corporations demonstrate social responsibility in a foreign country?
Think about goals you were not able to meet
Which of these steps does not help to form the habit of positive thinking and boost your success?