When a corporation is separate from its owners and does not terminate with the death of one owner, the corporation has: As a legal entity, a_______ can enter into contracts without as much difficulty as a partnership. Which of the following practices would be considered an ethical business choice that does more than the law requires? The watchdog group that is most concerned with worker's rights and hunts down companies who violate them is: Whistleblowers can be helped by protecting them from? Which of the following are common markets? The agreement is entered into as a means of protecting member nations from excessive imports of non-member nations. For tutoring please call 856.777.0840 I am a recently retired registered nurse who helps nursing students pass their NCLEX. Sometimes, due to a nation's unreliable currency, the only way to trade is ___________ which is defined as the exchange of merchandise for merchandise or service for service with no money traded. 1) banning child labor when the child's salary is needed to support the family. He is likely to choose the form a(n). The Hanseatic League of the late 12th Century was one of the earliest documented trade blocs. This agreement originally had 23 member nations, and by 1994 it had grown to include 123 members. The shift of jobs from developed economies to low-wage global markets, called ______ outsourcing, has become a major issue. The countries represented by the acronym BRIC are important because: They are emerging countries that will be among the wealthiest by 2030, Which of the following are negative effects associated with the establishment of NAFTA, 1) safety conditions for workers in Mexico continue to be poor. What is an example of a non-tariff barrier? Partnerships have the advantage over sole proprietorships of pooled knowledge and____ resources, Partnership profits are taxed as ______ _____ of the owners. The General Agreement on Tariffs and Trade (GATT), which was ratified by more than 120 nations in 1994, created the World Trade Organization (WTO) to promote and protect free trade. The WTO is the only organization establishing the rules of operation in international trading and has adopted the GATT’s fundamental principles. A key disadvantage of a general partnership is: In a general partnership, no matter who creates the debt, all are liable for losses, lawsuits, or bankruptcy. 1) if a product experiences remarkable growth, significant profits will go to the licensee. _______advantage is a monopoly that exists when a country is the only source of an item, the only producer of an item, or the most efficient producer of an item while_______advantage is the basis of most international trade, when a country specializes in products that it can supply more efficiently or at a lower cost than it can produce other items. The loss of jobs in the U.S. job market for unskilled, middle-income workers is a negative effect of _______ outsourcing. Services of language translation the ... An announcement must be commercial character Goods and services advancement through P.O.Box sys Taryn will be considered a(n)_____ partner. LLCs have_____ life span and are required to identify dissolution dates in the articles of organization, No stock, limited life span, and fewer incentives are disadvantages of a(n), Which form of business has double taxation and limited liability as its characteristics. NEW! Many times free trade has a(n) ______ impact on U.S. domestic jobs, particularly manufacturing jobs. It was therefore possible to contrast its hypothetical prepolitical life to the subsequent advantages and disadvantages of the state. All the manufactures make sure they are not misusing the "green label", From the list below identify the groups considered to be a type of watchdog group. Which set of ethics codes defines an organization's guiding values, creates and environment that supports ethically sound behavior, and stresses shared accountability? Which of the following are ways Darla's business could engage in the global market. I have been a nurse since 1997. After reading the assigned Week 3 Chapters, complete the following case assignment in a Microsoft Word Document using APA 7th ed. FAOSTAT provides free access to food and agriculture data for over 245 countries and territories and covers all FAO regional groupings from 1961 to the most recent year available. ________ _________leads to less imported goods and services; its reasoning rest with the hope that domestic producers are given a better opportunity to survive and grow, which eventually leads to more local jobs. As these economies become stronger, they encourage foreign direct investment. The limited partner's' risk of losing their personal assets in an LLP is: limited to the amount of their investment, When two or more people legally agree to become co-owners of a business, the organization is called a(n), Select all reasons that disagreements can ruin a partnership, A partnership______ can spell out the requirements of terminating a partnership. 3 out of 4 citizens do not give any time to the communities in which they live. She knows the global market offers many opportunities. It was implemented to protect the economic interests and political privileges of North European merchant associations. The majority of the world’s countries are members of the WTO. International Business Competing in the Global Marketplace Download. This is because they promote regionalism, undermining the objective of the World Trade Organization (WTO). Alginates became, important thickeners with the advent of reactive dyes which combine chemically with … The Madrid system (officially the Madrid system for the international registration of marks) is the primary international system for facilitating the registration of trademarks in multiple jurisdictions around the world. The dimension of social responsibility, which includes certain aspects such as seeking employees that are racially diverse or producing low-emission vehicles, is called: Unethical behavior in business, especially in the real estate and banking industries, has resulted in: A systematic evaluation of a company's progress toward implementing socially responsible program is known as a(n). Do not submit your assignment in PDF format. What are some of the disadvantages of operating a franchise? Written ethics codes can be categorized as: Facing a decision to either act unethically at the request of a supervisor or be fired for not acting as directed is referred to as an: A company's effectiveness and financial performance are most affected by responsible _____ _____ management. Sixbert SANGWA, PhD Customers prefer to do business with companies they trust, proving the old saying that ______ is the best policy. To alleviate her concern Amy could. This is particularly true when the trade bloc expands to cover issues like immigration, human rights, and environmental protection. Darla's bicycle ship in the United States is experiencing a slowdown in its growth. What was the organization that replaced the General Agreement on Tariffs and Trade (GATT) and was assigned the duty to mediate trade disputes among nations? Corporations issue _____ to shareholders and this allows ownership to change when it is sold. Taryn will not have management responsibility, but will invest money in the business. Many. Corporate _____ is the dimension of social responsibility that refers to a position a firm takes or statement it makes on social and political issues. This puts them in direct competition with one another, which ultimately leads to increased efficiency as they each try to increase their profit margins. 1) companies can focus on business areas where they can expand and grow. Derniers chiffres du Coronavirus issus du CSSE 13/03/2021 (samedi 13 mars 2021). Minority-owned businesses are growing at more than _____ times the national rate, a chartered legal entity with authority to act apart from its owners, Select those items considered fringe benefits that people working for a company are likely to receive but a sole proprietor has to develop on his own, Rank the order in which members of a corporation are chosen in order to separate ownership from management. Socially______ companies are viewed more favorably by consumers. These principles are: An excellent review by Hilton (1969) discusses the role of the thickener in the printing of fabrics and the advantages/disadvantages of sodium alginate in different printing processes. MGT 500 Final Exam Solution Week 11 – Perfect ScoreFollow the link below to purchase solution us if you need help with assignments, quizzes, exams and … Start at the top of the managerial hierarchy, 1)owners/stockholders elect board of directors. A major benefit of ______ is that selling goods and services to other countries results in an economic boost to the United States, When the retail price of imported products is increased for the purpose of making domestic goods more competitively priced it is called a(n). To achieve greater liberalisation, decision makers must appeal to the greater welfare for consumers and the wider national economy over narrower parochial interests. U.S businesses demand socially responsible behavior from their international ____ to assure they do not violate U.S. human rights and environmental standards. Companies that try to act in a socially responsible way are likely to focus on such activities as: 1) increasing diversity of their workforce. 1) export bicycles to retailers in Australia. U.S. laws against_______ are specific. 1) it enables a producer or business to experiment in a new market without incurring heavy start-up costs. Moment: Bullies Don't Make the Best Managers, at the end of Chapter 10 on pages 303-305 in the textbook, … The World’s Largest Oil Reserves By Country. _______ protect people from fraud, theft, and violence, while _____ are used to decide how we treat others responsibly according to society's views of right and wrong. 1)The trade volume among the United States, Canada, and Mexico more than tripled. Which is considered an advantage of incorporating? Its main goal is the liberalization of the international trade, by abolishing the tariff and non-tariff obstacles to trading. Gamer.no er Norges viktigste og beste nettsted for data- og videospill. Au niveau mondial le nombre total de cas est de 119 226 505, le nombre de guérisons est de 67 535 883, le nombre de décès est de 2 642 656. This changes consumer demand and behavior as most customers turn to the lowest priced goods (known as trade effects). Conflicts may occur between the stockholder-elected board of directors and the ____ about how the company is being run. The benefits associated with strategic alliances is that they provide broad access to: The development of a(n) _______ market changes the way goods and services are traded within the market by establishing a similar external tariff, no internal tariff, and coordinated laws to facilitate exchange among memebers. Which of the following illustrates the difficulties in enforcing U.S. ethical standards on foreign countries. advantages and disadvantages of international trade 43. Dan is being sued for malpractice, but it will not affect Bob's assets because they formed a(n) _____ _____ partnership. The objective, "avoid criminal misconduct" describes which of type of ethical code? This disadvantage of a sole proprietorship is called _______ life span. General Circulation: The circular motion of the global flow patterns is … This is a form of corporate philanthropy, The emergence of the green movement has affected businesses by, In the 1970s the Foreign Corrupt Practices Act sent a chill throughout the U.S. business community by criminalizing the act of _______ business or government leaders to get business. The Uniform Partnership Act defines the three key elements of a general partnership as: Studies have indicated that partnerships are four times more likely to succeed than: Bob and Dan are doctors in a medical practice. To keep domestic product prices competitive, U.S. law requires foreign firms to price their products to include 10 percent of overhead costs and 8 percent for profit. Its size and influences as a "super power", Foundations, universities and other nonprofit organizations own shares in publicly held companies, whose value is dependent directly upon____ of those companies, increasing public concern for the environment created by the ____ movement has more businesses looking for environmentally friendly ways to do business. (B) analyze the advantages and disadvantages of sole proprietorships, partnerships, and corporations. In 1948 government leaders from 23 nations formed a global forum for reducing trade restrictions on goods, services, ideas and cultural programs. This case study is based on contemporary theories of motivation on pages 524-532 of our textbook. Academia.edu is a platform for academics to share research papers. About 9 percent of franchises are owned by African Americans, Latinos, Asians, and Native Americans. A trade bloc is a trade agreement among governments that are typically within a shared geographical region. Enforcement in a timely manner is the_____ and most critical step in the development of an ethics code program, Many companies believe they have a role in promoting ______ ______ that goes beyond simply "giving back". The selection of a(n)____ _____ is an important part of enforcing an ethics code. _____ advantage is a monopoly that exists when a country is the only source of an item, the only producer of an item, or the most efficient producer of an item while _____ advantage is the basis of most international trade, when a country specializes in products that it can supply more efficiently or at a lower cost than it can produce other items Franchisees can begin to feel burdened if the _____ creates too many managerial orders, directives or limitations. The share of profits or sales revenue paid to the franchisor is called a(n), In order to protect the brand name and image, the franchisor has right management ______, ___________ owned businesses are growing more than the national rate, A business person concerned about high______ costs should not invest in a franchise which is associated with this disadvantage. Despite the inherent advantages of trade bloc agreements, they also have several disadvantages. Since there is no stock, LLC ownership is _______ which means LLC members need the approval of the other members in order to sell their interests in the company. Introduction Background. This is because they promote regionalism, undermining the objective of the World Trade Organization (WTO). Another disadvantage of trade blocs is that small, local businesses are often put out of business when larger, international corporations are able to produce the same goods at lower costs. giving part time employees paid holidays and sick days, The SEC regulations on Fair Disclosure are designed to prevent ______. A key benefit that only corporations can offer to attract skilled employees is: The limited partners' risk of losing their personal assets in an LLP is: Which are attributes of a master limited partnership, Select ways an LLP deals with liability for partners, 1) partners are not held liable for each other's actions. A franchise owner will experience the coattail effect when: a fellow franchise does something that has an impact on growth and profitability. A weak transportation infrastructure results in a(n)_____ barrier to global business. Which of the following are effects of trade protectionism, 1) limitation of imported goods and services, What are the two indicators nations rely on to measure global trade. 1) it can be used to temporarily meet an unexpected increase in orders. Because trade blocs eliminate trade barriers, previously expensive or unavailable products become available in new markets at affordable prices. The WTO replaced the GATT on 01.01.1995. Its last formal meeting was in 1669 although it was not officially disbanded until 1871 with the creation of the German Empire. An advantage of partnership is a longer______ rate than sole proprietorships, because they become more disciplined and the business's life is based on all the partners. The_____ cost of incorporating can be expensive because of the need for accountants and lawyers to get started. * - Main goods are marked with red color . Socially conscious research organizations exist to analyze and _____ on corporate social responsibility. An S corporation has the liability protections of a corporation but is taxed: like a partnership or sole proprietorship. Implementing ethical standards within an organization starts with: Top officials in countries like Japan, South Korea, and China have faced legal charges of influence peddling and _____ charges, which serve as examples of the unethical behavior that U.S. companies face in overseas markets. This trend toward trade blocs was seen in middle-income countries throughout the 1960’s, 1970’s, and after the fall of communism in the 1990’s. Which of the following exemplify possible outcomes of insider trading? What is the primary function of protective tariffs? This trade bloc began to lose power in the late 16th Century due to increased trading of English, Roman, Dutch, and Ottoman Empire merchants. The possibility of having all foreign assets expropriated is a disadvantage of ______ ______ ______. To encourage trade among member states, tariffs, taxes, and other trade barriers among them are often reduced or abolished. Which strategy for reaching global markets provides for the lowest risk? Which statements are accurate as related to corporate taxation? The definition of contract manufacturing states: a foreign country's production of private-label goods to which a domestic company then attaches its brand name or trademark; contract manufacturing is a part of the broad category of______. Which of the following are likely benefits of exporting? Which of the following are considered licensors' benefit of licensing? Additionally, belonging to a trade bloc may effectively decrease a country’s political autonomy. The most well-known examples of major trade blocs seen around the world today include the North American Free Trade Agreement (NAFTA), the Association of Southeast Asian Nations (ASEAN), the European Union (EU), the Southern Common Market (MERCOSUR), and the Southern African Development Community (SADC). This strong trade agreement led to the founding of the North German Confederation of 1867, which eventually became the German Empire in 1871. Which of the following are considered benefits of contract manufacturing? To prevent falling off the bike (the disadvantages of protectionism), trade policy and multilateral trade negotiations must constantly pedal towards greater liberalisation. (16) Personal financial literacy. Disadvantages of Trade Blocs . This is an example of: increasing profits by reducing environmental damage. _______ ________ _______ is a business's concern for the welfare of society. 1) less intense than domestic competition. The majority of the German states were members by 1866. In addition to goods and services, countries also _________ art, cultural events, medical advances, space exploration and labor, Which of the following are U.S. jobs that are being disrupted by the "Second wave" of offshore outsourcing, Which of the following countries are members of the Central American Free Trade Agreement CAFTA, Which of the following countries are under U.S. embargo. The use of private company information by employee for personal financial gain is called _____ _____. The student is expected to: A sole proprietorship has a limited life span unless: When farmers join together to get better prices for their food products, they form a farm_____, A________ partnership has partners who do not share in operating the business. 7-9 lines short paragraphs for each question. Ciba Specialty Chemicals' process that decreases production costs while reducing damage to the environment allows it to charge higher price on its patented dye product. Which of the following are benefits associated with offshore outsourcing? The_____ protects whistleblowers by requiring all public corporations to allow employee concerns about accounting and auditing to be submitted confidentially and anonymously. What was the primary benefit for the European Union (EU) of adopting the euro in 1999? _____________ are insiders who report illegal or unethical behavior, The _____ _____ is a systematic evaluation of an organization's progress toward implementing socially responsible and responsive programs. 1) trade volume among the three partners has expanded significantly, The________ Economic Community was established in 1967 in Thailand to create economic cooperation among its five original members (indonesia, Malaysia, Philippines, Singapore, and Thailand). The GATT became the World Trade Organization in 1995. An advantage of the separation of ownership from management in corporations is that the company can raise money from investors but the investors: If you are your own boss, you are responsible for paying your own wages/salary and your own____, When there is one or more general partners and one or more limited partners, the firm is a(n), Partnerships are less likely to survive than sole proprietorships. GATT: It is an acronym for General Agreement on Tariffs and Trade. The dimension of social responsibility known as ______ includes everything from hiring minority workers to making safe products, minimizing pollution, using energy wisely, and proving a safe work environment. Benefits of being a member of a common market, or "trading bloc" include: The benefits of creating a joint venture when doing business internationally include: ____________ is a complex form of bartering in which several countries may be involved, each trading goods for goods or services for services. The person who buys the rights to use a business's name and sell its products, or services in a given territory in exchange for a free and royalties is a franchisee, Amy wants to start a business but is concerned with starting from scratch.
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