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Module Three

Module Three Online Assignment

TermDefinition
Importing Bringing goods or services into one country from another.
WTO International organization dealing with the rules of trade between nations.
Dumping The practice of exporting goods at prices lower than prices in the home market.
NAFTA Free-trade agreement among the United States, Mexico, and Canada that replaced NAFTA in an effort to create more balanced and reciprocal trade.
Exporting The selling of goods and services produced in one country to another country.
Contract manufacturing Production of goods by one firm under the label or brand of another firm.
GATT General Agreement on Tariffs and Trade; international treaty to facilitate international trade.
Multinational corporation Organization with facilities and other assets in at least one other country than its home country.
Corporate philanthropy The act of a corporation donating a portion of its profits or other resources to nonprofit organizations.
Corporate policy The dimension of social responsibility that refers to a firm’s position on social and political issues.
CSR A corporation’s assessment of and responsibility for its impact on the welfare of society.
Ethics A set of principles establishing whether conduct is right or wrong.
Insider trading Buying or selling stocks by someone who has access to nonpublic information about the company.
Social audit Formal review of a company’s endeavors in terms of its corporate social responsibility.
Stakeholders Persons, groups, or organizations that affect or can be affected by an organization’s policies and actions.
Whistleblower Someone within an organization who reports the company’s wrongdoing to the public or to those in positions of authority.
Created by: jamesenicole
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