BBB4M - UNIT 2 REVIEW

At this stage of the business cycle the economy stops expanding and begins contracting..

Sweatshops do not exist anymore

Canadian's may find themselves seeking consulate services for which of the following:

A high school student ...

Market economies are driven by market forces and self-interest

Cultures that value many things happening simultaneously, with the participation of many people use which view of time?

Stakeholders that have a direct impact on the company and its profitability are called:

In cultures that have a high power distance, people are not willing to accept that people are simply superior to others

Canada is one of very few countries that do not participate in international trade missions.

Cultures with a short-term orientation hold the idea that the “now” is more important than the “then”/future

Which ethical viewpoint says "The ethics of one culture are not seen as better than those of another"

Multitasking is not important when using polychronic views of time

This is an example of a...

The extent to which people are expected to make their own decisions regarding education, job...

If there is a large degree of difference between cultures, it is more important to educate oneself about the new culture

This diagram shows the...

Which economic system sees: Businesses, consumers, government acting independently of one another

The 6 Dimensions of Culture were developed by:

Used by government to control taxation, employment and inflationary restraint

This is an example of what type of economy?

A state governed by all eligible members of the population through elected representatives....

Tax treaties are created to:

The NAFTA agreement is now called:

When a religious figure is the head of a political system in a country, this is a ...

Counter cultures are cultures that ________ mainstream values/attitudes.

The ability to meet human consumption needs/wants while maintaining the environment is called:

Selling products in foreign countries below the price in the ‘home country’ in an effort to get rid of excess products

Canada and the USA use a common currency.

How the difference in power between people is perceived...

At this stage of the business cycle the economy begins to grow again i.e. employment, profits..

Globalization has had an impact on culture

Trade agreements between 2 countries/parties are called _________ agreements.

The type of government by which a country is run is called:

Critics of businesses using CSR often argue that the practices are simply used for good reputations and marketing

CSR stands for:

Trade agreements between countries make it difficult for goods and service to flow across borders

There are no pure market economies in the world

The Euro is considered a common currency for members of the EU

The way a country organizes its resources and distributes goods and services to its citizens..

How many stages does the business cycle have?

Culture has an impact on:

Which strategy for globalization sees the world as one big market?

There are no critics of democratic political systems within the world

During recessions often see:

The "test of disclosure" method of dealing with ethical dilemmas asks people to ask themselves:

People gain/aquire culture only through education.

The first rule of international business is:

Which type of economy sees profit go to the government not businesses

This is an example of what type of economy?

Developed countries generally have a ______ Gross Domestic Product.

Economically free countries government's allow goods to move with ease

Process through which companies, groups or individuals attempt to influence government...

Cultures that encourage each citizen to make personal choices and stand up for themselves are considered

A Code of Creditation is a set of standards that help businesses and their employees determine how to behave

There are 3 types of economic indicators of the business cycle...

Introducing/increasing programs/policies/activities that aim to improve the economic well-being and quality of life is:

When businesses expand they should put some focus on respecting and consulting Indigenous peoples and their cultures

The 6 cultural dimensions were developed by

Market economies are also refered to as:

Business subcultures would probably be very similar in...

During economic expansion, the economy is considered to be "poorly" or "bad"

A deep, serious recession - the lowest point in the business cycle - is called a:

Many developing nations are located in areas where natural catastrophes occur - which then exacerbates the issues faced

Knowledge, experience, beliefs, values, attitudes, religion etc..acquired by a group of people

Culture that has values or lifestyles in opposition to those of the current accepted culture

Individuals or groups affected by the organization that have a stake in its success/profitability are called

Capability to adapt, relate, and work effectively across various cultures is called:

The idea that our world is becoming increasingly interdependent is called:

Trade agreements are enforceable treaties between 2+ countries that address the movement/trade of goods and services

In a market economy, individuals/corporations are encouraged to own property. They may sell/rent/trade this property.

Time is seen as involving many things happening simultaneously with the participation of many

Control of interest rates, inflation and money supply is referred to as...

Which political system is strongly related to being a developed country?

If the culture is vastly different from their existing culture, the individual will often form their own:

Non verbal communication

Canada falls under an aristocratic political system