Management 2-4

According to the ______, consumers have the right to know what they are buying, bow to use the product and potential risks.

(WRONG) right to buy safe products

A deep and prolonged recession is known as __________.

A depression

Which of the following should be included in a code of ethics

Advice for handling specific situations

Activities undertaken by businesses to recruit and promote members of groups whose economic progress had been hindered through either legal barriers or established practices as known as ______ programs.

Affirmative action

Which of the following is an example of philanthropy?

An IT company donates money to an orphanage without expecting any business benefits.

Which of the following is an example of whistle-blowing?

An employee informs the manager that some of his team members are misusing confidential customer details from the company database.

_________ laws limit what businesses can and cannot do to ensure that all competitors have an equal chance of succeeding.

Antitrust

Which trading bloc represents more than half of the world's gross domestic product?

Asia - Pacific Economic Cooperation (APEC)

Which of the following is an indication of lack of transparency in AI?

Bias still exists in AI systems

The money, equipment, and buildings that a business needs in order to produce goods and services are called _________.

Capital

Which of the following is one of the ways that government helps to stabilize or stimulate the national economy?

Changing monetary policy

Legal systems in Great Britain and the United States are based on __________, in which tradition, custom, and judicial interpretation play important roles.

Common Law

What is the chief advantage of a minimalist CSR policy, according to the those holding this view?

Companies pay taxes and the government decides how the money is spent, not the organization.

The ________ measures the rate of inflation by comparing charges in the prices of a representative basket of goods and services such as clothing, food, housing, and utilities.

Consumer Price Index (CPI)

Consumers have the right to buy safe products, and to buy them safely. Who enforces this?

Consumer Product Safety Commission

When the U.S dollar is strong, U.S. exports will likely ________.

Cost more in other countries

Which of the following refers to the amount of a good or service that customers will buy at a given time at various points?

Demand

Which of the following best describes cryptocurrency?

Digital tokens that rely on cryptography for security

_______ is the study of the relationship between organisms and the natural environment.

Ecology

________ is/are the study of how a society uses scarce resources to produce and distribute goods.

Economics

________ is the study of how people interact with computers and other machines.

Ergonomics

The number of units of one currency that must be exchanged for a unit of the second currency is known as the ________ between the currencies.

Exchange Rate

Which of the following involves changing the government's revenues or expenditures to change the growth rate of the economy?

Fiscal Policy

Which of the following acts outlaws payments that are intended to get government officials to break the laws of their own countries or to secure "improper advantage" in gaining or retaining sales?

Foreign Corrupt Practices Act

In a _______ strategy, managerial control is highly centralized and major decisions for the company's international operations are made at the company's headquarters in the home country.

Global

_____ refers to publicity efforts that portray a company as being environmental friendly when its actions indicate otherwise.

Greenwashing

___________ is/are where criminals steal personal information and use it to commit other types of fraud.

Identify Theft

Which of the following offers investing and advisory services to organizational customers, including governments?

Investment Bank

How can one person improve the communication process when working with a person fro another culture?

Learn how to respect is communicated in various cultures

_________ agreements entitle one company to use some or all of another firm's intellectual property in exchange for a royalty payment.

Licensing

_________ user(s) cloud technology to provide services through mobile and digital channels, thereby reducing the cost of banking services.

Neobanks

Nongovernmental organizations are usually __________.

Nonprofit groups that provide charitable services or promote causes

When translating text within images, _________ software can translate text that is written in standard type fonts.

Optical character Recognition

Which of the following creates competition for finite resources, thereby forcing trade-offs by participants in an economy?

Scarcity

_______ refers to the quantities of a good or service that producers will provide on a particular date at various points.

Supply

_______ is defined as meeting the needs of the present without compromising the ability of future generations to meet their own needs.

Sustainable development

Which organization has the goal of eliminating extreme poverty around the world by investing in education, health care and other concerns in developing countries?

The World Bank

In the ________ strategy, strategic decisions are made at headquarters in the home country, but local business units are allowed to make "on-the-ground" decisions that are most appropriate for the local environment.

Transnational

Which of the following is essential when determining product design and branding for an international market?

Understanding of culture and regulation

Which of the following reflects the percentage of the labor force currently without work?

Unemployment Rate

When faced with an ethical dilemma, ___________.

consider the rights of all parties who might be affected by your decision

Microeconomics includes the study of ________.

economic behavior among consumers and businesses

Theocratic law, found in such as Iran and Pakistan, is based on _________.

religious principles

One goal of the Resource Recovery Act (1970) is to _____________.

subsidize pilot recycling plants

Why should corporations be allowed to generate profits?

the country's standard of living involves the goods and services cerated by profit seeking companies

Which of the following best describes economic globalization?

the increasing integration and interdependence of national economic around the world

The ______ measures price at the producer or wholesaler level, reflecting what businesses are paying for the products they need.

Consumer price index (PPI)

When demand for goods and services drops, businesses reduce production, resulting in economic contraction. The unemployment resulting because of this phenomenon is known as __________ unemployment.

Cyclical

_________ are a form of financial assistance in which producers receive enough money from the government to allow them to lower their prices in the world market.

Export Subsidies

Because many customers are reluctant to buy foreign product if they cannot get service for the product, what functional strategy for international expansion should be considered?

Increased customer support

Why is inflation a concern for businesses and consumers?

Inflation affects the amount of goods and services you can buy for a given amount of money.

The _______ was established to foster international financial cooperation and now provides short-term loans to member countries in need.

International Monetary Fund

Which of the following is one of the six principles that governs the World Trade Organization's work?

Making trade policies more predictable and transparent

One way a company benefits from economies of scale when it ________.

Manufactures and distributes products in higher quantities

_____________ offer financial services to business, particularly in the area of international force.

Merchant banks

________ involves donating money, employee time, or other resources to various causes without regard for any direct business benefits for the company.

Philanthropy

The economic system that allows individuals the least degree of economic freedom is __________.

Planned

What is the result of the creation, delivery, use, and disposal of products values by society?

Pollution and loss of natural resources

A company that takes positive steps to address a particular issue, but only because it has been embarrassed into action by negative publicity, is practicing ________ CSR.

defensive

As one of the largest trading blocs, the European Union has created their own currency to _________.

make transactions simpler and less expensive