2021-22 Business 2nd Six Weeks

A ___ is a limit on the amount of product imported into a country during a specific period of time.

Order to remove or repair unsafe products in the market

A document that describes the basic expectations of fair treatment of consumers

The negotiation of employment terms between employers and union workers

A partnership of two or more companies that work together for a specific business purpose is called a ____.

Rules of behavior based on ideas about what is right and wrong

Behaving with sensitivity to social, environmental and economic laws

Principles that help define appropriate behavior in a business setting are ____.

When one or more parties do not follow the agreed terms of a contract without having a legitimate reason a ____ occurs.

Overstating the features and benefits of products or improper claims

The shared beliefs, customs, practices, and social behavior of a particular group or nation is the ______.

A government tax on imported goods.

A ____ is a document that dictates how business should be conducted.

Confidential info. a company needs to keep private

The ____ is the difference between a nation's exports and its imports.

Goods and services that are brought into a country from outside its borders are called ____.

____ is the connection made among nations when economies freely move goods, labor and money across borders.

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

The document listing the conditions and terms for importing and exporting products between countries is a __________.

Describes the terms of employment between a business and an employee

Assigned by the IRS for businesses to use for income tax purposes

A contract to rent something

A(n) _____ is a body of laws related to the exchange of goods and services for international trade.

Honesty of a person's actions

Person or company that buys the rights to use a brand.

Specific info. about a company or its employees is never shared, except with those who have clearance

___ means that a person is legally able to enter into a binding agreement.

Promoting the welfare of others is called ____.

Regulates how contracts are written, executed, and enforced

The cost to convert one currency into another.

A ___ is a legally binding agreement between two or more people or businesses.

A(n) ____ is a contract to rent something.

The difference between a nation's exports and its imports.

Money is also known as _____.

A(n) ____ contract lists the products or services provided by a business and the price the customer pays in exchange.

Negative balance of trade

The business activity involved in making, buying, and selling product within a nation's borders is ____ business.

The goods and services produced within a country's borders and sold in another country are _____.