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Management Finals
Final
| Question | Answer |
|---|---|
| Country that imports more than it exports | deficit |
| exchange of goods and services by different countries | international trade |
| restrictions on the quantity of a good that can enter the country | quotas |
| protected classes being involved in the work place | diversity |
| Difference between the value of goods imported and/or exported | Trade Balance |
| Goods and services when sold abroad | Exports |
| Improve decision making | Reason for diversity |
| ability to produce more of a good than another producer with the same quantity of imputs. | Absolute Advantage |
| Stops the flow of exports to or imports from a foreign country. | Embargos |
| Technological--new equipment, new processes | Change |
| Started in 1994 | E-commerce |
| B2B | Business to Business |
| Bans monopolies | Sherman Anti-Trust Act |
| The obligation that individuals or businesses have to help solve social problems. | Social Responsibility |
| Ownership of ideas such as inventions, movies, and computer programs gives creators of it, the exclusive right to market and sell their own work. | Intellectual Property |
| Provides transparency for businesses. | Corporate Governance |
| Differs from culture to culture. | Ethical Standards |
| A set of moral principles or values that govern behavior. | Ethics |
| C2C | Consumer to Consumer |
| Increasing globalization | Reason for diversity |
| Unfreezing, new alternative, refreezing | Lewin's Model |
| Internal--budget adjustments, policy changes, personell changes, and the like | Change |
| Producers should produce the goods they are most efficient at producing and purchase from others the goods they are less efficient at producing | Comparative Advantage |
| Solutions | Reason for diversity |
| Challenges | Reason for diversity |
| Invisible barrier for women and minorities | Glass Ceiling |
| Goods and services purchased abroad | Imports |
| Tax that helps keep domestic products comparative | Tariff |
| Profit Maximization, Trusteeship management, Social Involvement | Social Responsibility |
| Document that outlines the principles of conduct to be used in making decisions within an organization. | Codes of Ethics |
| B2C | Business to Consumer |
| New human resource policy | reason for diversity |
| Environment--outside the organization (laws) | Change |
| 3 types of change | technological, environmental, internal |
| Tolerance | Reason for diversity |
| Potential payoff | Reason for diversity |
| Goods and services purchased abroad | Imports |
| Country that exports more than it imports. | Surplus |
| People who are affected by the actions of a business | Stakeholders |
Created by:
Rachelwallace
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