Business Study notes.

Intro to Business Study sheets for Mid-terms Chapter 1 Business:________________________________________________________________________________________________________________________________________________ Non-profit cheek:________________________________________________________ ____________________________________________________________________________ What be the 3 types of resources lend oneself by moving ines? 1._______________________________________________________________________________________________________________________________________________________ 2._______________________________________________________________________________________________________________________________________________________ 3._______________________________________________________________________________________________________________________________________________________ Globalization:_____________________________________________________________________________________________________________________________________________ Communism:_____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Socialism:________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ Capitalism:_______________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ Free Market brass:___________________________________________________________ ____________________________________________________________________________ Mixed Economy:______________________________________________________________ ____________________________________________________________________________ Economic expention:___________________________________________________________ ________________________________________________________________________________________________________________________________________________________ Inflation:_____________________________________________________________________ Contruction:__________________________________________________________________ ____________________________________________________________________________ Unemployment:_______________________________________________________________ Deprssion:___________________________________________________________________ Pure contestation:______________________________________________________________ ____________________________________________________________________________ Monopolistic rivalry:_______________________________________________________ ________________________________________________________________________________________________________________________________________________________ Oligopoly:_______________________________________________________________________________________________________________________________________________ Monopoly:_______________________________________________________________________________________________________________________________________________ Monetary Policy:______________________________________________________________ ____________________________________________________________________________ Chapter 2 Constitutional law:_____________________________________________________________ ____________________________________________________________________________ Common law:_________________________________________________________________ ____________________________________________________________________________ Statuary law:_________________________________________________________________ ____________________________________________________________________________ Administrative law:____________________________________________________________ ____________________________________________________________________________ Federal courts pip do cases involving:_____________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Provincial courts handle cases involving:___________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Law Suits:___________________________________________________________________ ____________________________________________________________________________ Mediation:___________________________________________________________________ ____________________________________________________________________________ Arbitration:_______________________________________________________________________________________________________________________________________________ Chapter 3 Business moral philosophy:_______________________________________________________________ ________________________________________________________________________________________________________________________________________________________ Social state:___________________________________________________________ ________________________________________________________________________________________________________________________________________________________ Ethical issue:_________________________________________________________________ ________________________________________________________________________________________________________________________________________________________ What be the reasons for committing to honest values?________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Whistle Blowing:______________________________________________________________ ________________________________________________________________________________________________________________________________________________________ Reasons for non whistle blowing: 1._______________________________________________________________________________________________________________________________________________________ 2._______________________________________________________________________________________________________________________________________________________ 3._______________________________________________________________________________________________________________________________________________________ 4._______________________________________________________________________________________________________________________________________________________ 5._______________________________________________________________________________________________________________________________________________________ What are the 4 ethical issue categories? 1._______________________________________________________________________________________________________________________________________________________ 2._______________________________________________________________________________________________________________________________________________________ 3._______________________________________________________________________________________________________________________________________________________ 4._______________________________________________________________________________________________________________________________________________________ What are the 3 factors that influence strain ethics? 1._______________________________________________________________________________________________________________________________________________________ 2._______________________________________________________________________________________________________________________________________________________ 3._______________________________________________________________________________________________________________________________________________________ Name the arguments for genial responsibility: 1._______________________________________________________________________________________________________________________________________________________ 2._______________________________________________________________________________________________________________________________________________________ 3._______________________________________________________________________________________________________________________________________________________ 4._______________________________________________________________________________________________________________________________________________________ 5._______________________________________________________________________________________________________________________________________________________ Name the arguments against social responsibility: 1._______________________________________________________________________________________________________________________________________________________ 2._______________________________________________________________________________________________________________________________________________________ 3._______________________________________________________________________________________________________________________________________________________ 4._______________________________________________________________________________________________________________________________________________________ What are the social responsibility issues? 1._______________________________________________________________________________________________________________________________________________________ 2._______________________________________________________________________________________________________________________________________________________ 3._______________________________________________________________________________________________________________________________________________________ 4._______________________________________________________________________________________________________________________________________________________ 5._______________________________________________________________________________________________________________________________________________________ Chapter 4 International business:__________________________________________________________ ____________________________________________________________________________ Why do nations trade?

__________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Absolute high-priced:____________________________________________________________ ________________________________________________________________________________________________________________________________________________________ Comparative advantage:________________________________________________________ ________________________________________________________________________________________________________________________________________________________ Balance of trade:______________________________________________________________ ____________________________________________________________________________ Trade redundant:________________________________________________________________ ____________________________________________________________________________ Balance of payments:___________________________________________________________ ____________________________________________________________________________ What happens when the Canadian $ drops?_________________________________________ ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________ What are the 4 planetary barriers? 1._______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ 2._______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ 3._______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ 4._______________________________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________ Infrastracture:_________________________________________________________________________________________________________________________________________________________________________________________________________________________ Import duty:__________________________________________________________________ Fixed tariff:__________________________________________________________________ Ad valorem tariff:_____________________________________________________________ Current account:_______________________________________________________________ ____________________________________________________________________________ Dumping:________________________________________________________________________________________________________________________________________________ Protectionism:____________________________________________________________________________________________________________________________________________ Exchange interpret:_____________________________________________________________ Quata:___________________________________________________________________________________________________________________________________________________ Embargo:____________________________________________________________________ GATT:______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ NAFTA:_____________________________________________________________________________________________________________________________________________________________________________________________________________________________ EU:_________________________________________________________________________________________________________________________________________________________________________________________________________________________________ World deposit:__________________________________________________________________ ________________________________________________________________________________________________________________________________________________________ IMF:________________________________________________________________________________________________________________________________________________________________________________________________________________________________ What did the GATT agreement do?________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Countertrade:_________________________________________________________________ Export agents:________________________________________________________________ Red tape:____________________________________________________________________ Trading company:_____________________________________________________________ ____________________________________________________________________________ Licensing:________________________________________________________________________________________________________________________________________________ Franchising:______________________________________________________________________________________________________________________________________________ Cartel:_______________________________________________________________________________________________________________________________________________________________________________________________________________________________ Common markets:_____________________________________________________________ ____________________________________________________________________________ Contract manufacturing:________________________________________________________ ____________________________________________________________________________ Joint embark:_________________________________________________________________ ____________________________________________________________________________ Strategic shackle:______________________________________________________________ ____________________________________________________________________________ Direct investment:_____________________________________________________________ ____________________________________________________________________________ Outsourcing:______________________________________________________________________________________________________________________________________________ MNC:___________________________________________________________________________________________________________________________________________________ Chapter 5 Sole proprietorship:____________________________________________________________ Advantages:______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________... 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