BUSN test 1 part 4

social investing

The practice of limiting investments to companies that have ethical policies that match those of the investor

which of the following is an example of a demographic factor?

a person's age

the sense of national consciousness that boosts the culture and interests of one country over those of all other countries

nationalism

This concern about the environment is one way that Wal-Mart practices:

social responsibility

bribery =

culture

A country that exports more goods than it imports is said to have a

favorable balance of trade

which of the following is NOT a form of unemployment

fiscal unemployment

preferential tariff

gives tariff advantages to one country over others

one of the keys to ethical business behavior is

how the company's top management conducts themselves

Which of the following is an example of a trend in ethics and social responsibility?

strategic giving

not having the skills to keep a job

structural unemployment

China imposes a 45% tax on the market value of all chickens that are imported from the US into China. Another name for this type of tax is a

tariff

The most fundamental reason for the growth in world trade is probably due to:

the need for businesses to expand their markets

perfect competition

there is a large number of sellers producing nearly identical products

exchange rate

value of one currency in terms of another

The merger of McKesson, the leading US drug wholesaler, and HBOC a producer of health-care inventory software, is an example of a ____ merger

vertical

The Chubb Group, an insurance company, regularly supplies funds for programming on the public tv network. it's donations are an example of:

corporate philanthropy

Nations sometimes forget 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:

free trade zones

jamaica has 35 airports, 18,700 km of paved and unpaved road and a total of 272 km of railroad track. this is a partial description of the nation's:

infrastructure

countertrade

is a form of trading arrangement in which part or all of the payment for purchased goods or services is in the form of other goods and services

Peter Drucker said that companies should be evaluated on two basic dimensions

legality and responsibility

US plane manufacturer, McDonnell-Douglas has authorized Mitsubishi Heavy industries, a Japanese Company, to use its trademarks, patents, and other proprietary knowledge to manufacture F-15 fighter planes. Mitsubishi Heavy Industries pays McDonnell-Douglas. This is an example of:

licensing

To gain this complete control of the various resources needed to product oil and gas, the companies had to have engages in _____ mergers.

vertical

free trade

a policy of permitting the people of a country to buy and sell where they please, without restrictions.

corporate philanthropy

is the practice of charitable giving by corporations; includes contributing cash, donating equipment and products, and supporting the volunteers' efforts of company employees

The Sara Lee Company sells the Hanes brand of hosiery in the US. the manufacturer is this hosiery brand in Great Britain sells its under the brand name of Pretty Polly. The Sara Lee Company is using _____ to broaden its global marketing base without investing in overseas plants and equipment.

contract manufacturing

combine the inputs in the production of goods and services for what are intended to be profitable ventures

entrepreneurs

International Monetary Fund

The _____ is an international bank that normally provides short-term loans to countries that are unable to meet their budgetary expenses

import quotas

are limitation on the quantity of certain types of goods that can be imported over a period of time.

the ___ is the total amount of money that flows in and out of a country.

balance of payments

Canada is currently the 2nd 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:

comparative advantage

If a country specializes in goods that it can produce more readily and cheaply and trades those goods for the goods that another country can produce most readily and cheaply, then both countries are exercising the principle of:

comparative advantage

There are over 1,100 corner stores that market candy. When Valero Energy Corp. purchased the chain of retail stores, it was an example of a ____ merger.

conglomerate

double taxation in a corporation means

earnings of the corporation and dividends of the shareholders both are taxed

A home builder who disposed of asbestos by burying them on his own property may please the home owner bc it is a less expensive means of disposal but will be punished by various legal agencies if any become away of his crime. At which state of the social responsibility pyramid is the builder most likely operating?

economic

It has been alleged that a Cola-Cola water bottling plant in India has caused illegal water shortages in fifty villages that surround the bottler. if this accusation is true, than Coke was operating at which stage of the social responsibility pyramid?

economic

The base of the corporate social responsibility pyramid is:

economic responsibility

which of the following about taxation of partnerships is true ?

partnerships file tax returns but pass profits and losses on to partners who report them on their tax returns.

a decline in real GDP that lasts for two consecutive quarters is called a

recession

monetary policy

refers to a gov. programs for controlling the amount of money in circulation