Term
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Definition
| the resources used to create goods and services, including natural resources, labour, capital, entrepreneurship and knowledge |
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Definition
| commodities that are useful inputs in their natural state |
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Definition
| the inputs, such as tools, machinery, equipment and buildings used to produce goods and services and get them to the costumer |
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Definition
| combined talents and skills of the workforce |
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Term
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Definition
| the movement of inputs and outputs among households, businesses and governments |
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Term
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Definition
| a economic system charagorized by government ownership of virtually all resources and economic decision making by central government planning |
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Term
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Definition
| an economic system in which the basic industries are owned either by the government or by the private sector under strong government control |
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Definition
| the number of suppliers in a market |
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Term
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Definition
| a market structure in which many businesses offer products that are close substitutes and in which entry is relatively easy |
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Term
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Definition
| a market structure in which a few companies produce most or all of the output and in which large capital requirements or other factors limit the number of companies |
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Definition
| a market structure in which a single company accounts for all industry sales and in which there are barriers to entry |
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Term
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Definition
| factors such as technological or legal conditions which prevent new companies from competing equally with a monopoly |
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Term
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Definition
| an increase in a nations output of goods and services |
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Term
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Definition
| a decline in gdp that lasts for at least two consecutive quarters |
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Term
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Definition
| the condition when all people who want to work and can work have jobs |
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Term
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Definition
| short-term unemployment that is not related to the business cycle |
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Term
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Definition
| unemployment that is caused by a mismatch between available jobs and the skills of available workers in an industry or a region; its not related to business cycle |
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Term
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Definition
| unemployment that occurs when a downturn in the business cycle reduces the demand for labour throughout the economy |
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Term
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Definition
| inflation that occurs when demand for goods and services is greater than supply |
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Term
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Definition
| inflation that occurs when increase in production costs push up the prices of final goods and services |
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Term
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Definition
| measures taken by the bank of canada to regulate the amount of money in circulation in order to influence the economy |
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Term
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Definition
| the governments use of taxation and spending to affect the economy |
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Term
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Definition
| the situation that occurs when government spending replaces spending by the private sector |
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Term
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Definition
| securities that represent long term debt obligations issued by corporations and governments |
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Term
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Definition
| the study of people's vital statistics such as their age, gender, race and ethnicity and location |
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Definition
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Term
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Definition
| Canadians born 1977 to 1997 |
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Term
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Definition
| canadians born between 1964 and 1977 |
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Definition
| canadians born between 1946 and 1964 |
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Term
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Definition
| a set of economic policies that believes that the economy should be market driven, not government driven |
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Term
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Definition
| the practice of limiting investments to securities of companies that act in accordance with the investor's beliefs about ethnical and social responsibility |
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Term
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Definition
| a philosophy that focuses on the consequences of an action to determine weather it is right or wrong and holds that an action that affects the majority adversly is morally wrong |
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Term
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Definition
| a stage in the ethical development of individuals in which people behave in a childlike manner and make decisions in a child like way etc. |
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Term
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Definition
| the second stage in the ethical development of individuals in which people move from an egocentric viewpoint to consider the expectations of an organization or society |
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Term
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Definition
| the third stage in the ethical development of individuals in which people adhere to the ethical standards of a mature adult and are less concerned about how others view their behaviour than about how they will judge themselves in the long run |
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Term
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Definition
| the practice of tying philanthropy closely to the corporate mission or goals and targeting donations to regions where a company operates |
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Term
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Definition
| the equipment and techniques used to manage and process information |
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Term
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Definition
| the combination of technology, people and process that an organization uses to produce and manage information |
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Term
| Chief Information Officer |
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Definition
| An executive responsible for managing all information resources and processes in an organization |
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Term
| Transaction processing system |
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Definition
| an information system that handles the daily business operations of a company. The system receives and organizes raw data from internal and external sources for storage in a database using either batch or online processing |
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Term
| management support system |
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Definition
| an information system that uses the internal master database to perform high-level analysis that help managers make better decisions |
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Term
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Definition
| an information technology that combines many databases across a whole company into one central database that supports management decision making |
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Term
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Definition
| a special subset of a data warehouse that deals with a single area of data and is organized for quick analysis |
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Term
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Definition
| a management support system that helps managers make decisions by using interactive computer models that describe real world processes |
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Term
| executive information system |
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Definition
| a management support system that is customized for an individual executive; it provides specific information for strategic decisions |
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Term
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Definition
| a management support system that gives managers advice similar to that of what they would get from a human consultant |
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Term
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Definition
| an information system that uses information technology tools such as word-processing systems, email systems, cellphones, smartphones, pagers and fax machines to improve communications throughout an organization |
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Term
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Definition
| a network that connects computers at one site, enabling the computer users to exchange data and share the use of hardware and software from a variety of computer manufacturers |
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Term
| metropolitan area network |
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Definition
| a network that covers a larger geographic area than a LAN, but generally smaller than a WAN |
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Term
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Definition
| an internal, corporate-wide area network that uses internet technology to connect computers and link employees in many locations and with different types of computers |
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Term
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Definition
| a customizable internal website that provides proprietary corporate information to a defined user group, such as employees, supply chain partners, or costumers |
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Term
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Definition
| private corporate networks connected over a public network, such as the internet. VPN's include strong security measures to allow only authorized users access the network |
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Term
| application service providers |
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Definition
| a service company that buys and maintains software on its servers and distributes it through high-speed networks to subscribers for a set period and price |
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Term
| managed service providers |
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Definition
| the next generation of ASPs offering customized and expanded capabilities such as business processes and complete management of the network servers |
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Term
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Definition
| the process of researching, gathering, organizing, and sharing an organization's collective knowledge to improve productivity, foster innovation, and gain competitive advantage |
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Term
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Definition
| a computer program that copies itself into other software and can spread to other computer systems |
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Term
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Definition
| the ability to recognize and react to international business opportunities, be aware of threats from foreign competition, and effectively use international distribution networks to obtain raw materials and move finished products to costumers |
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Term
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Definition
| the difference between the value of a country's exports and the value of its imports during a certain time |
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Term
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Definition
| a system in which prices of currencies move up and down based on the demand for and supply of the various currencies |
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Term
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Definition
| the policy of protecting home industries fro outside competition by establishing artificial barriers such as tariffs and quotas |
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Term
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Definition
| a tariff that is lower for some nations than for others |
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Term
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Definition
| trade agreement between barzil, argentina, uruguay, paraguay, and venezuela |
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Term
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Definition
| the legal process whereby a company agrees to allow another company to use manufacturing process, trademark,patent, trade secret or other proprietary knowledge in exchange for the payment of a royalty |
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Term
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Definition
| the practice in which the foreign company manufactures private label goods under a domestic company's brand name |
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Term
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Definition
| an agreement in which a domestic company buys part of a foreign company or joins with a foreign company to create a new entity |
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Term
| foreign direct investment |
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Definition
| active ownership of a foreign company or of manufacturing or marketing facilities in a foreign country |
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Term
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Definition
| a form of international trade in which part or all of the payment for goods or services is in the form of other goods and services |
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Term
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Definition
| the process of charging a lower price for a product in foreign markets than in the company's home market |
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Term
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Definition
| a total ban on imports or exports of a product |
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Term
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Definition
| laws that require a company earning foreign currency to sell that currency to a bank |
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Term
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Definition
| an organization that strives for a profit by providing goods and services desired by its customers |
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Term
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Definition
| tangible items manufactured by businesses |
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Term
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Definition
| Intangible offerings of businesses that cant be touched or stored |
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Term
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Definition
| a countrys output of goods and services that people can buy with the money they have |
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Term
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Definition
| the general level of human happiness based on such things as life expectancy, educational standards, health, sanitation, and leisure time |
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Term
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Definition
| the potential for loosing resources, most commonly time and money or otherwise not being able to accomplish an organization's goals |
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Term
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Definition
| the money a company earns from providing services or selling goods to costumers |
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Term
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Definition
| expenses incurred in creating and selling goods and services |
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Term
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Definition
| the money left over after all expenses are paid |
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Term
| not-for-profit organization |
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Definition
| an organization that exists to achieve some goal other than the usual business goal of profit |
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Term
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Definition
| payments made to the provinces and territories by the federal government to help to deliver required services such as health and education, and to help equalize the wealth across Canada |
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Term
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Definition
| a form of protection established by the government for inventors |
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Term
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Definition
| a form of protection established by the government for music, art, literature or other intellectual property |
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Term
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Definition
| a legally exclusive design, name, or other distinctive mark that a manufacturer uses to identify its goods in the marketplace |
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Term
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Definition
| the legal procedure by which individuals or businesses that cannot meet their financial obligations are relieved of some, if not all, of their debt |
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Term
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Definition
| the removals of rules and regulations governing business competition |
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Term
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Definition
| a civil or private act that harms other people or their private property |
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Term
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Definition
| a movement that seeks to increase the rights and powers of buyers and sellers |
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Term
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Definition
| the responsibility of manufacturers and sellers for defects in the products they make and sell |
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Term
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Definition
| a concept in product liability laws under which a manufacturer or seller is liable for any personal injury or property damage caused by defective products or packaging that does not meet industry standards |
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Term
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Definition
| an agreement between enterprises to lessen competition |
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Term
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Definition
| a situation where there is no competition and the benefits of a free market are lost |
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Term
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Definition
| taxes that are based on the income received by businesses and individuals |
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Term
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Definition
| taxes that are imposed on real and personal property based on the assessed value of the property |
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Term
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Definition
| income taxes that are collected by the employer and remitted to the federal government, usually in the form of a deduction from the employee's pay |
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Term
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Definition
| taxes that are levied on goods and services when they are sold; calculated as a percentage of the price |
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Term
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Definition
| taxes that are imposed on specific items such as gasoline, alcohol, and tobacco |
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Term
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Definition
| economic contributions of people |
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Term
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Definition
| people who combine the inputs of natural resources, labour, and capital to produce goods or services with the intension of making a profit or accomplishing a not for profit goal |
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Term
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Definition
| thinking like an entrepreneur |
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Term
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Definition
| the combination of policies, laws, and choices made by a nation's government to establish the systems that determine what goods and services are produced and how they are allocated |
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Term
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Definition
| an economic system based on competition in the marketplace and private ownership of the factors of production |
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Term
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Definition
| economies that combine several economic systems; for example, an economy in which the government owns certain industries but the private sector owns others |
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Term
| perfect (pure) competition |
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Definition
| a market structure in which a large number of small businesses sell similar products, buyers and sellers have good information, and businesses can be opened or closed |
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Term
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Definition
| the quantity of a good or service that people are willing to buy at various prices |
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Term
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Definition
| a graph showing the quantity of a good or service that people are willing to buy at various prices |
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Term
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Definition
| the quantity of a good or service that businesses will make available at various prices |
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Term
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Definition
| a graph showing the quantity of a good or service that a business will make available at various prices |
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Term
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Definition
| a point in which quantity demanded equals quantity supplied |
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Term
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Definition
| the total market value of all final goods and services produced within a nation's borders in a year |
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Term
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Definition
| the total market value of all final goods and services produced by a country regardless of where the factors of production are located |
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Term
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Definition
| upward and downward changes in the level of economic activity |
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Term
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Definition
| the percentage of the total labour force that is actively looking for work but is not actually working |
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Term
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Definition
| unemployment that occurs during specific seasons in certain industries |
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Term
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Definition
| the situation in which the average of all prices of goods and services is rising |
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Term
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Definition
| the value of what money can buy |
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Term
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Definition
| an index of the prices of a shopping cart of goods and services purchased by consumers |
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Term
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Definition
| an index of the prices paid by the producers and wholesalers for various commodities such as raw materials, partially finished goods, and finished products |
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Term
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Definition
| Canada's central bank, who's objective is the economic and financial well being of Canada |
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Term
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Definition
| the use of the monetary policy by the bank of Canada to tighten the money supply by selling government securities or raising interest rates |
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Term
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Definition
| the use of monetary policy by the bank of canada to increase the growth of the money supply |
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Term
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Definition
| the condition that occurs when the federal government spends more for programs than it collects in taxes |
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Term
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Definition
| the accumulation total of all of the federal governments annual budget deficits |
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Term
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Definition
| the practice of building, maintaining, and enhancing interactions with costumers and other parties to develop long-term satisfaction through mutually beneficial partnerships |
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Term
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Definition
| a cooperative agreement between companies |
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Definition
| a set of moral standards for judging wether something is right or wrong |
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Term
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Definition
| a lifestyle made up of complex set of interests, needs and choices |
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Term
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Definition
| the fundamental belief that all citizens are equal regardless of their racial or ethnic background |
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Term
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Definition
| individuals, groups or organizations to whom a business has a responsibility |
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Definition
| the practice of charitable giving by corporations |
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Term
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Definition
| the way in which an organization is governed, directed, and administered |
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Term
| canadian charter of rights and freedoms |
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Definition
| legislation that guarantees the rights and freedoms of canadians |
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Term
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Definition
| what is considered fair according to the prevailing standards of society |
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Term
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Definition
| a set of guidelines prepared by a company to provide its employees with knowledge of what the company expects in terms of their responsibilities and behaviour toward fellow employees, costumers, and suppliers |
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Term
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Definition
| an employee, a former employee, or any other member of an organization who reports misconducts by others in the organization to those who have the power to take corrective action |
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Term
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Definition
| a worker who develops knowledge, contributing to and benefiting from information used in performing various tasks, including planning, acquiring, searching, analyzing etc. |
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Term
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Definition
| an electronic filling system that collects and organizes data and information |
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Term
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Definition
| a method of updating a database in which data are collected over some time period, but processed together |
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Term
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Definition
| a method of updating a database in which data are processed as they become available |
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Term
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Definition
| a group of two or more computer systems linked together by communications, channels to share date etc. |
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Term
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Definition
| a network that connects computers at different sites via telecommunications media such as phone lines, satellites and microwaves |
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Term
| multinational corporations |
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Definition
| corporations that move resources, goods, services and skills across national boundaries without regard to the country which their headquarters are located |
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Term
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Definition
| goods and services produced in one country and sold in other countries |
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Term
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Definition
| goods and services bought from another country |
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Term
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Definition
| a favourable balance of trade that occurs when a country exports more than it imports |
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Term
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Definition
| an unfavourable balance of trade that occurs when a country imports more than it exports |
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Term
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Definition
| a summary of a countries international financial transactions showing the difference between the countries total payments to and total receipts from other countries |
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Term
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Definition
| a lowering of the value of a nations currency relative to other currencies |
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Term
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Definition
| the situation when a country can produce and sell at a lower cost than any other country or when it is only country that can provide a product |
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Term
| principle of comparative advantage |
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Definition
| concept that each country should specialize in the products that it can produce most readily and cheaply and trade those products for those that other countries can produce more readily and cheaply |
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Term
| north america free trade agreement |
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Definition
| an agreement creating a free trade zone that includes canada, usa and mexico |
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Term
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Definition
| trade agreement among 26 european nation |
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Term
| association of southeast asian nations |
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Definition
| asia association free trade |
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Term
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Definition
| an organization that oversee's international trade, reduce trade barriers, and resolve disputes among member nations |
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Term
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Definition
| an international bank that offers low interest loans as well as advice information to developing nations |
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Term
| international monetary fund |
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Definition
| an international organization that promotes trade, makes short term loans to member nations and acts as a lender of last resort for troubled nations |
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Term
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Definition
| a sense of national consciousness that boosts the culture and interests of one country over those of all other countries |
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Term
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Definition
| a taxed imposed on imported goods |
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Term
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Definition
| a limit on the quantity of a certain good that can be imported |
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Term
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Definition
| regulations on products that are different from generally accepted international standards |
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