POB Chapter 3 and 5 Review

The person or company that buys the rights to use a brand.

A company's code of conduct is likely to include rules about ______.

What could happen if you use company property help create your own startup business.

A business that operates in more than one country is a _______.

A term that has to do with negotiating terms between employers and union employees.

Having people from different backgrounds, cultures, or demographics coming together in a group

If a country wanted to stop all trade with another they would put this trade barrier in place.

Planning and managing the flow of goods, services, and people to destination is ________.

Which of the following is not a major part of a contract?

Overstating the features and benefits of a product would be considered _______.

What is the most likely result of a government implementing a trade barrier against another country

A contract formed when two or more individuals form a business

What is the Consumer Bill of Rights?

Embargo that affects only certain goods.

Total money coming into a country minus the total amount going out for a specific period.

Works to prevent unfair competition and deceptive advertising.

The company that sells a license is known as the ______.

A business promotes common good by investing in eco friendly equipment. This is an example of

connection made among nations when economies freely move goods, labor, & money across borders

A country imposes tariffs on another country. What is the most likely result

Which of the following is not a benefit for companies giving back to the community?

Businesses are required to give all workers equal advancement and employment opportunities?

Which of the following is a good explanation for "consideration" as it relates to business.

Principles that help define appropriate behavior in a business setting.

Mr. Norwood wants to use a product that is patented by another company but market/sell it as his own.

Any work created by employees on the job that is owned by the company

An individual's ideas of what is right and wrong.

A US & Chinese company have partnered together to help the US company expand to China. This is

Rules of behavior based on a group's ideas of right and wrong.

goods, services, and capital that are brought into a country from outside its borders

when a country can produce goods more efficiently and at a lower cost than another country

The cost to convert one currency into another is called _______.

The body of laws related to the exchange of goods & services for international trade is called

NAFTA is an example an agreement that reduces trade barriers. This has created a _______

Which of the following is not a main consideration when expanding a business to another country

Why do governments sometimes implement trade barriers?

When a country specializes in producing a product at which it is relatively more efficient.

Buying and selling goods across national borders.

Contracts must be signed in order to be legally binding?

Describes how the employees and owners of a company think, feel, and act as a business.