Unit 1 Test Review - BOM

The Federal Act which provided over $7 billion to the EPA to protect & promote "green" job and a healthier environment.

Miller Beer allows a Canadian firm to use its name, formula and brands in return for a royalty. This is known as

____ is a market situation (or industry) in which they are few sellers.

Monopolistic competition is a market situation in which

A complete halt to trading with a particular nation or in a particular product is called a(n)

The US bans Cuban cigars & other products from entering the US due to political difficulties. This action is called a(n)

Bob's poor education and chronic history of unemployment suggest that he could be helped by contacting the

An international org. formed at the end of WW II by the US whose goal was to reduce or eliminate tariffs is called

You have the responsibility to locate land for a new distribution center, & you own acres of land. This could create

Any measure imposed by a government to favor domestic products not involving taxes is a(n)

The form of international business structure developed to create competitive advantage on a worldwide basis are called

The US buys automobiles from Japan and Germany and petroleum products from OPEC nations. The US engages in

Arguments for imposing trade restrictions include

When the US government spends more than it receives within a fiscal year, this is called the

Which type of pollution has seen the least improvement since environmental issues became important?

What two additional rights have been added to Kennedy's original consumer bill of rights?

If the Unites States and Japan cannot settle their trade disputes on their own, they should settle them through the

A ___ is a partnership formed to achieve a specific goal or to operate for a specific period of time.

An org. of nations formed to promote free movement of goods among members & to create common economic policies is a(n)

Balance of payments is a ___ concept than balance of trade.

The economic term used to describe the Federal Reserve's actions to control the supply of money and interest rates is

Strategic alliances and _____ ar very similar.

Product labels on detergent that indicate ingredients &laundering methods are examples of which consumer bill of rights?

__________ is the exportation of large quantities of a product at a lower price than the same product in the home market

Who are the top two export partners of the Unites States?

Countries experiencing balance-of-payments deficits can obtain short-term loans from the

Another name for an import duty is a (n)

What is the major source of human emissions of air pollution in the upper atmosphere?

Despite trade restrictions, international business is

As the price of a product rises, manufacturers that make and sell the product will likely

When a country imports more than it exports, it has a(n)

The World Trade Organization was created by the

___ is the ability to produce a specific product more efficiently than any other product.

The separation of a manufacturing process into distinct tasks and the assignment of tasks to individuals is called

A ___ is issued by the exporter's bank, ordering the importer's bank to pay for the merchandise.

The total flow of money into a country less the total flow of money out of the country over a period of time is called

The ___ is a source for US companies seeking information on federal programs and activities that support US exports.

The organized effort to make& sell, for profit, the goods that satisfy society's needs through the Internet is known as

Totally owned facilities overseas are an example of

A legal monopoly is also referred to as a(n)

An unfavorable trade balance is called a(n)

Purchasing products or materials in other nations and bringing them into one own's country is

What are the two major problems that affirmative action programs have faced?

A program to implement social responsibility in business begins with

All of the following are factors that affect the level of ethical behavior in an organization except

A reduction of the value of a nation's currency relative to the currencies of other countries is called