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| Ability to produce something more efficiently than any other country |
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| Approach to social responsibility by which a company, if asked to do so, exceeds legal minimums in its commitments to groups and individuals in its social environment |
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| Not in the book - Efficient method of gathering information about someone's previous work history, educational background, and other job-related demographic data |
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| Economic value of all the products that a country exports minus the economic value of all the products it imports |
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| Securities through which the seller promises to pay buyers certain amounts of money by specified future dates |
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| Promotional method that relies on word of mouth to create buzz about products and ideas |
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| Certified public accountant - licensed by the state and offering services to the public |
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| System that sanctions the private ownership of the factors of production and encourages entrepreneurship by offering profits as an incentive |
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| outlawed major forms of discrimination against blacks and women, including racial segregation |
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| Process by which labor and management negotiate conditions of employment and draft a labor contract for union-represented workers |
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| Illegal agreement between two or more companies to commit a wrongful act |
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| Definition not in book - includes the right to be safe, to choose freely, to be heard, to be informed, to education, and to service. JFK, 1962 |
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| The shared experiences, stories, beliefs, and norms that characterize an organization |
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| Approach to social responsibility by which a company meets only minimum legal requirements in its commitments to groups and individuals in its social environment |
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| Dow Jones Industrial Average |
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| Oldest and most widely cited market index based on the prices of 30 blue-chip, large-cap industrial firms on the NYSE |
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| Equal Employment Opportunity Commission - Federal agency enforcing several discrimination-related laws |
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| Not in book - Popular selection device although sometimes a poor predictor of job success |
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| The price at which both number of goods sold and price per unit are maximized |
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| Rate at which the currency of one nation can be exchanged for the currency of another nation |
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| Process of attracting persons outside the organization to apply for jobs |
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| FDC (assuming she meant FTC) |
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| Foreign Direct Investment - Arrangement in which a firm buys or establishes tangible assets in another country |
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| Field of accounting concerned with external users of a company's financial information |
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| Marketing has a voice in designing products with features that customers want |
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| Arrangement in which a buyer purchases the right to sell the good or service of the franchiser |
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| Incentive plan that rewards groups for productivity improvements |
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| Gross Domestic Product - Total value of all goods and services produced within a given period by a national economy through domestic factors of production |
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| Gross National Product - Total value of all goods and services produced by a national economy within a given period regardless of where the factors of production are located |
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| Using advertising to project a green image without adopting substantive environmentally friendly changes |
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| Illegal practice of using special knowledge about a firm for profit or gain |
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| Process of considering present employees as candidates for openings |
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| Companies with market cap value of over $10 billion |
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| Principle that buyers will purchase more of a product as its price drops and less as its price increases |
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| Principle that producers will offer more of a product for sale as its price rises and less as its price drops |
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| Ease with which an asset can be converted into cash |
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| Field of accounting that serves internal users of a company's financial information |
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| A company with a market capitalization between $2 and $10 billion |
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| Activities in transporting resources to the producer and finished goods to customers |
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| Market index that includes a high proportion of technology companies and small cap stocks |
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| The difference between what a firm owns and what a firm owes |
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| Approach to social responsibility that involves doing as little as possible and may involve attempts to deny or cover up violations |
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| Market or industry characterized by a handful of sellers with the power to influence the prices of their products |
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| Occupational Safety and Health Act 1970 - Federal law setting and enforcing guidelines for protecting workers from unsafe conditions and potential health hazards in the workplace |
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| Marketing arranges for transferring product ownership to customers by setting selling prices, setting terms for customer credit payments, and providing ownership documents |
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| Marketing creates sales agreements that stipulate where products will be delivered to customers |
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| Marketing creates sales agreements that stipulate when products will be delivered to customers |
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| Economy that relies on a centralized government to control all or most factors of production and to make all or most production and allocation desires |
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| Approach to social responsibility by which a company actively seeks opportunities to contribute to the well-being of groups and individuals |
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| Incentive Plan for distributing bonuses to employees when company profits rise above a certain level |
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| Publicly Held Corporation |
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| Corporation whose stock is widely held and available for sale to the general public |
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| Specialty index that uses 2000 stocks to measure the performance of the smallest US companies |
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| Index of 500 large cap stock, including companies from various sectors |
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| Compensation in the form of money paid for discharging the responsibilities of a job |
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| People who own shares of stock in a company |
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| Stock for a company of capitalization value $2 billion or less |
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| Attempt of a business to balance its commitment to groups and individuals in its environment, including customers, other businesses, employees, investors, and local communities |
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| Planned economic system in which the government owns and operates only selected major sources of production |
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| A party that can affect or be affected by the actions of the business as a whole |
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| Total quantity and quality of goods and services people can purchase with the currency used in their economic system |
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| Plans reflecting decisions about resource allocations, company priorities, and steps needed to meet strategic goals |
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| Identification and analysis of organizational strengths and weaknesses and environmental opportunities and threats as part of strategy formulation |
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| Tax levied on imported products |
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| Wealthy individuals offering private funds as investments in companies with rapid growth potential |
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| Compensation in form of money paid for time worked |
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| Coverage provided by a firm to employees for medical expenses, loss of wages, and rehabilitation costs resulting from job-related injury or disease |
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| Organization through which member nations negotiate trading agreements and resolve disputes about trade policies and practices |
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