BGS mid-term

establishing a formal code of ethics are all ways in which organizations can encourage ethical business behavior.

Which of the following is NOT a basic category of roles managers assume?

mixed liability company is a hybrid organization that offers the same liability protection as a corporation

the process of assessing the organization’s progress toward accomplishing its goals.

financing obtained from investment firms that specialize in financing small, high-growth companies.

_________is the potential to lose time and money or otherwise not be able to accomplish an organizations

management leadership style is used mostly by military officers and some production line supervisors.

When inflation rises purchasing power rises

There are _____ steps in the decision making process

____indicates the percentage of the total labor force that is not working but is actively looking for work.

The world’s most powerful institution for lowering trade barriers and opening markets worldwide is Mercosur.

____________________ are items such as laptops that are manufactured by a business.

when it is the only country that can provide a product.

LLC stands for _______

____________________ start multiple companies,

Loans to minority business owners in 2017 was approximately

Entrepreneurs who apply their creativity, vision, and risk-taking within a large corporation are intrapreneurs

specialize in the products that it can produce most readily and cheaply and trade those products for goods

two or more companies form an alliance to pursue a specific project, usually for a specific period.

According to the textbook, small businesses employed nearly _____ percent of the workforce in 2016.

?

formal written statement that describes in detail the idea for a new business and how it will be carried out

difference between the value of a country’s exports and the value of its imports during a certain time is the country’s

organization ties their philanthropic efforts and CSR closely to their mission and goals and targets donations

A_system guarantees certain economic rights: the right to own property, the right to make a profit, free choice, compete

Imports are goods and services made in one country and sold to others.

Using the least amount of resources to accomplish the organization’s goals is effectiveness.

legal entity with several corporate features; such as limited liability, an unlimited life span,

Country’s international financial transactions showing the difference between country’s total payments and receipts

When Enron hid debt and lied about their financial position, this behavior was ________

Sole proprietorships are easy and inexpensive to form.

All of the following are external business environment except:

Approving the funds necessary to purchase computer equipment and hire personnel

Economics is the study of how a society uses scarce resources to produce and distribute goods and services.

A complete ban against importing or exporting a product is a(n) _________

Free trade is the policy of permitting the people of a country to buy and sell where they please without restrictions

My Pillow made the claim that their pillow could alleviate certain medical conditions such as snoring. This behavior is

A small business is a business with under ____ employees that is independently managed,

NAFTA includes all of the following countries except:

When a business is concerned with maximizing profits without focusing on the welfare of society as a whole,

All of the following are disadvantages of corporations except:

investing their own money, often referred to as “seed capital.”

management leadership style approach is found in high-tech firms, labs, and colleges.

sector under strong government control.

______________ limit the quantity of a certain good that can be imported.

A hurricane is an example of a(n) external crisis.

Unlimited liability, difficulty in raising capital, and limited managerial expertise are all disadvantages of

is a hybrid entity that is organized like a corporation, with stockholders,

Seeking the best for the majority is a concept known as _________

_____________ is a set of moral standards for judging whether something is right or wrong.

The set of attitudes, values, and standards of behavior

Charities such as Habitat for Humanity, the United Way, the American Cancer Society are examples of_____

The most basic measure of economic growth is gross domestic product (GDP)

?

Most new private-sector jobs created in the United States over the past decade were in Fortune 500 companies.

According to the textbook, Fortune 500 companies spend ________________annually on CSR activities.

obligations to an individual or society because upholding their duty is what is considered ethically correct.

According to the textbook, there were approximately ___________ million women owned businesses in 2016.

management leadership style encourages discussion of issues and alternatives.

Employees, customers, the general public, and investors are all examples of stakeholders.