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DECA 31-45

QuestionAnswer
Gross Domestic Product final market value of the total output of all goods and services produced within a country's geographic boundaries during a year's time
Federal Reserve Banks used by local banks to protect their banking functions; do not provide protection for local property
Tact the ability to express your ideas and opinions so that they do not hurt or offend others
Cultural Imperialism cultural aspects referring to the creation and maintenance of unequal relationships between civilizations favoring the more powerful civilization.
Nationalization something whose ownership is taken over by the government
Credit the arrangement in which businesses and individuals can purchase now and pay later.
Defamation a tort that involves harm to an individual's or business's reputation
Monetary Gift given without expectations of repayment
Punitive Damages damages intended to reform or deter the defendant and others from engaging in conduct similar to that which formed the basis of the lawsuit
Contraction businesses are affected by external factors; businesses often experience lower sales and profits
Business Cycle the periods of expansion and contraction in economic conditions
Expansion when the economy is strong and growing; businesses tend to make profits, expand operations, and hire more employees
Transitional Economic System when a country's economic system is moving from one type of economic system to another type of economic system
Secondary Dimensions of Diversity differences that may change at various points throughout one's lifetime
Primary Dimensions of Diversity inborn differences that cannot be changed and affect a person's entire life
Created by: rileycc
 

 



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