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?