Practice Exam Characters 1-5 Flashcards
(25 cards)
The “second wave” of offshore outsourcing refers to:
Moving skilled services jobs such as those in accounting offshore
Global financial markets operate under a system of _ where the supply and demand, the fllowing currencies will determine they’re value at any moment in time.
Floating exchange rate
The 2 leading exporting Nations are:
The United States and China
When a company’s strategy is _ the firm markets arrangement for a Ford mini facture to produce the product, the domestic companies label and or trademark are attached to the complete product
Franchising
_ is buying products from another country
Importing
Insider trading involves:
Investors using private company information to further their own fortune
To avoid insider trading, taking place, the security and Exchange Commission has adopted a new rule called _ that requires a public traded companies to release information to everyone in a timely manner rather than just to a few people:
Regulation FD (fair disclosure)
Establishing a formal code of ethics is:
A practice more and more companies are adopting
The difference between an organizations, positive social contribution and its negative social impact is called their:
Net social contribution
The business fails to meet its responsibilities to its employees what is likely to occur?
Employees doing the minimum need to get by
Owner of a corporation is known as a:
Stockholder
When disadvantage of a limited liability company is that it:
Require members approval to transfer ownership
A separation between ownership and management is most likely to occur in a:
Corporation
A significant disadvantage of owning a sole proprietorship is the:
Overwhelming time commitment often required of the owner
A(n) _ merger unites firms at different stages of related businesses
vertical
The small business administration sponsors, volunteers from industry, trade association, education who offer advice to small business owners, these volunteers are called:
The service Corp of retired executives (SCORE)
Similar to how large businesses proceed, small businesses make marketing decisions:
Before product is developed, or store is opened
Conversation with people who start their own business off and reveal that:
Many small business owners got their entrepreneurial ideas from the previous job
What is the characteristic of successful entrepreneur
Action-oriented
A firm or individual providing financial capital to small businesses in exchange for an ownership stake in the company is called:
Venture capitalist
When the federal government collection of tax revenue is less than what it spends in a given year, it results in a:
National deficit
What type of competition exists in the market when the entire supply of goods is controlled by a single seller:
A monopoly
What type of competition exists when there are many sellers in the market and no seller is large enough to dictate the price of a product:
Perfect competition
_ Policy your first to the efforts of the federal government to keep the economy stable by increasing or decreasing taxes Andor government spending:
Fiscal
