Global trade

How would you describe the balance of trade in a country that exports more than imports

A country that explains more than it imports has a favorable balance of trade, or a trade surplus.

Developed nation

A country with set systems in place

What's the most fundamental reason for the growth in the world trade?

The most fundamental reason for the growth in the world is the need for businesses to expand their markets.

Which of the following statements about social responsibility is true?

The obligation that a business has to act socially responsible extends beyond investors in the company to include workers, suppliers, consumers, and communities.

Exchange rates

The value of currency trade between two countries

Counter trade

Trading goods or services for other goods or services

Corporate philanthropy

Corporate philanthropy is a form of social responsibility. There are no laws governing when and how a company ask to fulfill its social responsibilities.

Licensing

Is the legal process where a business who owns the license called the licensor enters in agreement where another business the licensee can use to licensors processes in manufacturing trademarks patents and other proprietary knowledge

Which statement best describes a code Ethics?

May be influential in determining a persons decision making behavior. A code of ethics provides employees with the knowledge of what their firm expects in terms of the responsibilities and behavior toward fellow employees, customers, and suppliers.

NAFTA

North American Free Trade Agreement

Italy produces more than 5,000,000,000 gallons of water on each year, whereas the US produces about 700,000,000 gallons. Italy can be said to have an absolute advantage in the production of wine.

Absolute advantage

Responsibility to customers

Clean and safe work environment

Which of the following statements about ethics training is true?

Ethics training is formal training to develop awareness of inappropriate behavior into practice appropriate response

A company that has a global vision

Global vision recognizes and reacts to international business opportunities

Balance of payments

Imports and exports long-term investments loans to and from other countries gifts an aid military expenditures and money transfers from foreign banks are all part of the balance of payments

Franchising

Is a form of licensing that continues to grow rapidly franchise is popular in fast food restaurants were licensee pizza of franchise to open one of its stores such as Wendy's or a KFC franchise are becoming increasingly popular in foreign markets

global vision

Recognizing international business opportunity

Exporting

Selling goods to another country

Responsibility to investors

Social investing

In three sentences explain social investing

Social investing is the practice of limiting investments to securities of companies that behave and acceptance with investors believes about ethical and social responsibility.

Operational

Structural unemployment is caused by a mismatch between available jobs and the skills of the available workers

Country A is a large producer of raw steel. Steel mills in country and begin to close as more and more businesses import cheaper steal from country be to protect its steel industry, country a can impose tariffs on the steel imports from country B

Tariffs

CPI (Consumer Price Index)

The CPI measures the price of a market basket of goods and services purchased by a typical urban consumers