Chap003
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Chap003

Course: INT 600, Summer 2013

School: S. New Hampshire

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Chapter 03 - Ethics and Social Responsibility Chapter 03 Ethics and Social Responsibility True / False Questions 1. (p. 62) The study of morality and standards of conduct is referred to as ethics. TRUE Difficulty: Easy 2. (p. 63) According to the text, Chinese-backed industrial spying on outside MNCs has decreased over the years. FALSE Difficulty: Medium 3. (p. 64) A scandal that has rocked Japan in recent...

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03 Chapter - Ethics and Social Responsibility Chapter 03 Ethics and Social Responsibility True / False Questions 1. (p. 62) The study of morality and standards of conduct is referred to as ethics. TRUE Difficulty: Easy 2. (p. 63) According to the text, Chinese-backed industrial spying on outside MNCs has decreased over the years. FALSE Difficulty: Medium 3. (p. 64) A scandal that has rocked Japan in recent years has been the failure of its banking system to take corrective action and prevent a deepening of the country's drawn out recession. TRUE Difficulty: Medium 4. (p. 65) Despite a heightened sensitivity in recent years, sexual harassment remains a minor social issue in Japan. FALSE Difficulty: Medium 3-1 Chapter 03 - Ethics and Social Responsibility 5. (p. 65) Although French women are making strides in the management ranks, they still are underrepresented in corporate management. TRUE Difficulty: Medium 3-2 Chapter 03 - Ethics and Social Responsibility 6. (p. 65) One thing that has inhibited the progress of women in French management is that French law does not guarantee equal treatment and equal professional opportunities for men and women. FALSE Difficulty: Medium 7. (p. 66) The Foreign Corrupt Practices Act makes it illegal for U.S. companies and their managers to attempt to influence foreign officials through personal payments or political contributions. TRUE Difficulty: Easy 8. (p. 67) Corporate social responsibility includes organizational actions that go beyond the requirements of the law and the direct interests of the firm. TRUE Difficulty: Easy 9. (p. 69) Sustainability may be defined as the development that meets humanity's needs at the cost of the future generations. FALSE Difficulty: Medium 10. (p. 69) NGOs are public organizations that monitor the practices of private corporations. FALSE Difficulty: Easy 3-3 Chapter 03 - Ethics and Social Responsibility 11. (p. 69) According to World Economic Forum's Gallup International Poll released in November 2002, executives of MNCs are among the most trusted leaders in the world. FALSE Difficulty: Easy 12. (p. 69) According to World Economic Forum's Gallup International Poll released in November 2002, NGO leaders are among the most trusted leaders in the world. TRUE Difficulty: Medium 13. (p. 70) Though the force of NGOs have been felt in a range of major public policy debates, NGO activism has been least responsible for major changes in corporate behavior and governance. FALSE Difficulty: Medium 14. (p. 71) MNCs have a very low chance of exporting "best practices" in corporate responsibilities to local firms in developing nations. FALSE Difficulty: Medium 15. (p. 71) MNCs are increasingly engaged in a range of responses to growing pressures to contribute positively to the social and environmental progress of the communities in which they do business. TRUE Difficulty: Medium 3-4 Chapter 03 - Ethics and Social Responsibility 16. (p. 72) "Insider" systems of corporate governance are most responsive to shareholders and other stakeholders. FALSE Difficulty: Medium 17. (p. 72) Corporate governance may be defined as the system by which business corporations are directed and controlled. TRUE Difficulty: Easy 18. (p. 73) As pressure for accountability and responsiveness continues to increase, corporate governance will undoubtedly remain high on the agenda of governments, investors, NGOs and corporations in the coming years. TRUE Difficulty: Medium 19. (p. 73) Governments and corporations are increasingly collaborating to provide assistance to communities around the world through global partnerships. TRUE Difficulty: Medium 20. (p. 74) The Global Fund to Fight AIDS, Tuberculosis and Malaria constitutes contributions by international organizations to assist developing countries in dealing with these diseases. FALSE Difficulty: Hard 3-5 Chapter 03 - Ethics and Social Responsibility Multiple Choice Questions 21. (p. 60) All of the following result from unabated and continuous economic growth except: A. Natural resources being used at a much more rapid rate than they once were B. Greater emphasis being laid on resource conservation C. Greater emphasis being laid on a higher standard of living D. Realizing that consumer needs extend only to simple goods and services Difficulty: Easy 22. (p. 61) Identify the MNC which is attributed as the leader in developing efficient gas-electric vehicles. A. Ford B. Volkswagen C. Toyota D. Renault Difficulty: Easy 23. (p. 62) The study of morality and standards of conduct is referred to as: A. Social responsibility B. Law C. Governance D. Ethics Difficulty: Easy 24. (p. 62) All of the following statements about ethics are true except: A. It is the study of morality and standards of conduct B. It is the victim of subjectivity as it yields to the will of cultural relativism C. It is the belief that the ethical standard of a country is based on the culture that created it and that moral concepts lack universal application D. It is not related to the area of corporate social responsibility Difficulty: Medium 3-6 Chapter 03 - Ethics and Social Responsibility 25. (p. 62) Which of the following is false about the adage, "When in Rome, do as the Romans do?" A. It is derived from the idea of cultural relativism B. It suggests that businesses and the managers should behave in accordance with the ethical standards they are active in C. It suggests that it is necessary, to some extent, to rely on local teams to execute under local rule D. It is derived from the idea of cultural materialism Difficulty: Medium 26. (p. 63) Identify the country that does not have clear definitions for or laws against counterfeiting. A. United States B. India C. China D. United Kingdom (Great Britain) Difficulty: Medium 27. (p. 63) Some major ethical challenges facing MNCs in China include the following except: A. Piracy B. Counterfeit money C. Financial exchange D. Industrial spying problems Difficulty: Easy 3-7 Chapter 03 - Ethics and Social Responsibility 28. (p. 63) Which of the following statements is not true with regard to employment and business practices in Japan? A. Most Japanese firms have systematically resolved customer complaints for over 20 years B. The Japanese banking system has failed to take corrective action when disbursing loans C. The Japanese banking system has continued to operate despite being technically bankrupt D. Some Japanese firms have worked toward encouraging employees to mislead government inspectors Difficulty: Medium 29. (p. 63) In recent years, the U.S. government has been taking a hard line on _____ piracy of intellectual property. A. British B. Japanese C. Canadian D. Chinese Difficulty: Medium 30. (p. 64) Which of the following countries has been rocked by a scandal that has involved the failure of its banking system to take corrective action and prevent the deepening of the country's drawn out recession? A. Germany B. Mexico C. France D. Japan Difficulty: Easy 3-8 Chapter 03 - Ethics and Social Responsibility 31. (p. 64) Identify the incorrect statement regarding the transfer of the labor force overseas. A. It creates an interesting dynamic in the scope of ethics B. It seeks to employ local citizens who tend to identify themselves with the corporation and not the outside environment C. It creates an interesting dynamic in the scope of corporate responsibility D. It seeks to move individuals offshore who will identify themselves with the corporation and not the outside environment Difficulty: Medium 32. (p. 64) The transfer of the labor force overseas creates A. An interesting dynamic in the scope of ethics and corporate responsibility B. A general ambiance of nondiscriminatory practices C. An ideal environment for women to work in D. Equal employment opportunities for both men and women Difficulty: Medium 33. (p. 65) One of the major reasons why _____ remains a problem in Japan is that traditionally many male managers regard female employees as mere assistants and, following a stereotype, feel that women employees will soon marry and leave the firm. A. Sexual harassment B. Workman's compensation C. Wage parity D. Collective bargaining Difficulty: Medium 3-9 Chapter 03 - Ethics and Social Responsibility 34. (p. 65) All of the following are accurate in regard to the issue of sexual harassment in the Japanese workplace except: A. Sexual harassment remains a minor social issue in Japan, despite a heightened sensitivity in recent years B. Traditionally many male managers regard female employees as mere assistants and, feel that women employees will soon marry and leave the firm C. Sexual harassment is a new concept to many Japanese managers D. While many Japanese know that there are sexual harassment lawsuits filed in the United States, they fail to grasp why it is such an important issue for Americans Difficulty: Easy 35. (p. 65) According to the text, one violation of human rights that resonated with MNCs and made them question whether to move operations into China was: A. The imposition of restrictions on religious practice by foreigners in China in January 1994 B. The violent June 1989 crackdown on student protesters in Beijing's Tiananmen Square C. The dramatic increase in the use of death penalty in China D. The open discrimination against women in China since 1979 Difficulty: Medium 36. (p. 65) All of the following statements are accurate with regard to the status of women in the French workplace except: A. From a legal standpoint, French law guarantees equal treatment and equal professional opportunities for men and women B. As in the United States and Japan, French women face many obstacles when trying to break the glass ceiling C. As a result of strong efforts to gain equality, French women are no longer underrepresented in the workplace D. France has seen a tremendous increase in the number of women not only in the workforce but also in management positions Difficulty: Medium 3-10 Chapter 03 - Ethics and Social Responsibility 37. (p. 65) Identify the incorrect statement with regard to equal employment opportunity in Germany. A. Unlike some other countries, Germany in the last decade has introduced laws that mandate equal opportunity and the creation of equal opportunity positions throughout the public sector B. Today, all German states ensure that their legislation provides for equal treatment of men and women in the workplace C. In the private sector, there has been some progress toward increasing the number of women in upper-level management positions through the introduction of voluntary equal opportunity programs D. Opportunities for female managers in Germany are no longer limited and appear to be improving significantly for the future Difficulty: Medium 38. (p. 66) This legislative measure makes it illegal to influence foreign officials through personal payments or political contributions. A. Foreign Corrupt Practices Act B. Global Bribery Act C. International Ethics and Bribery Act D. Export-Import Ethical Standards Act Difficulty: Easy 39. (p. 66) According to the latest corruption index of countries around the world specified in the text, the least corrupt country is: A. Japan B. Chile C. United States D. Finland Difficulty: Easy 3-11 Chapter 03 - Ethics and Social Responsibility 40. (p. 66) According to the latest corruption index of countries around the world specified in the text, the most corrupt country is: A. Bangladesh B. Chile C. Ukraine D. Poland Difficulty: Easy 41. (p. 67) This can be defined as the actions of a firm to benefit society beyond the requirements of the law and the direct interests of the firm. A. Corporate social responsibility B. Law C. Governance D. Ethics Difficulty: Easy 42. (p. 67) Corporate social responsibility: A. Is not related to ethics B. Refers to the actions of a firm to benefit society beyond the requirements of the law and the direct interests of the firm C. Involves the study of or the learning process involved in understanding morality, while ethics involves taking action D. Is not based on voluntary actions Difficulty: Medium 3-12 Chapter 03 - Ethics and Social Responsibility 43. (p. 67) Transparent Agents Against Contracting Entities: A. Was created to prevent the shifting of corrupt practices to suppliers and intermediaries B. Entered into force in March 1997 and has more than 25 Western Hemisphere as signatories C. countries Outlaws most payments to political party leaders D. Makes it illegal for U.S. companies and their managers to attempt to influence foreign officials through personal payments Difficulty: Medium 44. (p. 67) Which of the following statements about the "antibribing" legislation is incorrect? A. It outlaws the practice of bribing foreign government officials B. It outlaws most payments to political party leaders C. Its provisions are much narrower than U.S. negotiators wanted D. It is a step in the direction of a more ethical and level playing field in global business Difficulty: Easy 45. (p. 67) As a way to prevent the shifting of corrupt practices to suppliers and intermediaries, the _____ standard was developed. A. OAS B. FCPA C. TRACE D. OECD Difficulty: Easy 46. (p. 67) Latin American countries have established the _____ Inter-American Convention Against Corruption, which entered into force in March 1997. A. OECD B. FCPA C. OAS D. TRACE Difficulty: Easy 3-13 Chapter 03 - Ethics and Social Responsibility 47. (p. 67) Which of the following statements with to the Transparent Agents Against Contracting Entities (TRACE) is incorrect? A. It was developed after a review of the practices of 34 companies B. It applies to business intermediaries C. It was developed as a way to prevent the shifting of corrupt practices to suppliers and intermediaries D. It was established by the Latin American companies Difficulty: Easy 48. (p. 69) According to a recent international poll, which of the following types of leaders are most trusted? A. Religious leaders B. NGO Leaders C. MNC Leaders D. UN leaders Difficulty: Medium 49. (p. 69) Development that meets humanity's needs without harming future generations is termed as: A. Corporate responsibility B. Sustainability C. Social responsibility D. Governance Difficulty: Easy 50. (p. 69) The United Nations chapter dedicated to the education, promotion, facilitation and advocacy of sustainable practices and environmentally sound concerns is called the: A. UNRWA B. UNIFEM C. UNODC D. UNEP Difficulty: Easy 3-14 Chapter 03 - Ethics and Social Responsibility 51. (p. 70) Which of the following MNCs announced in January 2004 that it would no longer finance certain projects in emerging markets identified by the Rainforest Action Network (RAN) as damaging to the environment? A. JPMorgan Chase B. HSBC C. Citigroup D. Merrill Lynch Difficulty: Medium 52. (p. 70) All of the following are examples of NGOs except: A. Save the Children B. CARE C. OECD D. Oxfam Difficulty: Medium 53. (p. 70) Identify the statement about NGOs that is false. A. Large global NGOs are active in all parts of the world B. NGO activism has been responsible for minor changes in corporate behavior and governance C. NGOs are regarded as a counterweight to business and global capitalism D. The force of NGOs has been felt in a range of major public policy debates Difficulty: Easy 54. (p. 70) According to the text, all the following companies have been criticized for actions portraying lack of social responsibility in developing countries except: A. Nike B. Levi's C. Chiquita D. Hewlett-Packard Difficulty: Hard 3-15 Chapter 03 - Ethics and Social Responsibility 55. (p. 71) Which of the following is likely to present an opportunity for MNCs to make a positive impact in developing countries? A. Low wage rates B. Lax environmental standards C. Adoption and exportation of best practices D. Underdeveloped infrastructure Difficulty: Hard 56. (p. 71) Besides fighting unethical practices, another way to meet social responsibilities is to provide assistance to: A. Multinational companies B. Cartel agreements C. Top management stockholders D. Underdeveloped countries Difficulty: Easy 57. (p. 71) The elimination of discrimination with respect to employment and occupation is a principle of the Global Compact which applies to: A. Human rights B. Labor C. Environment D. Anticorruption Difficulty: Easy 58. (p. 71) Freedom of association and the effective recognition of the right to collective bargaining' is a principle of the Global Compact which applies to: A. Human rights B. Anticorruption C. Environment D. Labor Difficulty: Easy 3-16 Chapter 03 - Ethics and Social Responsibility 59. (p. 72) The following countries have "outsider" systems of corporate governance except: A. The U.S B. Canada C. The U.K D. Spain Difficulty: Medium 60. (p. 72) Corporate governance: A. Can be defined as the actions of a firm to benefit society beyond the requirements of the law and the direct interests of the firm B. Seeks to serve society's interests by focusing on social, political and economic issues such as poverty, social justice, education, health and the environment C. Can be defined as the system by which business corporations are directed and controlled D. Can be defined as the development that meets humanity's needs without harming future generations Difficulty: Easy 61. (p. 72) The _____ specifies the distribution of rights and responsibilities among different participants in the corporation and spells out the rules and procedures for making decisions on corporate affairs. A. Corporate governance structure B. Nongovernmental organizations C. Foreign Corrupt Practices Act D. Rainforest Action Network Difficulty: Easy 3-17 Chapter 03 - Ethics and Social Responsibility 62. (p. 72) The U.K. and U.S. systems have been termed _____ systems because of dispersed ownership of corporate equity among a large number of external investors. A. "Cascade" B. "Hausbanken" C. "Outsider" D. "Insider" Difficulty: Easy 63. (p. 73) "Crony capitalism" describes business practices in countries with: A. Highly developed legal and institutional protections B. Market-oriented economic systems C. Weak, concentrated corporate governance D. Limited government interference Difficulty: Medium 64. (p. 73) The following regions are most associated with "crony capitalism" except: A. Asia B. Europe C. Latin America D. Africa Difficulty: Easy 65. (p. 73) The eight Millennium Development goals are to be achieved by the year: A. 2010 B. 2015 C. 2040 D. 2050 Difficulty: Easy 3-18 Chapter 03 - Ethics and Social Responsibility 66. (p. 73) Which of the following is the most urgent need of developing countries? A. Accelerated industrialization B. Malnutrition and disease control C. Enhanced college education D. Institutional reform Difficulty: Easy 67. (p. 73) The Millennium Development goals constitute an ambitious agenda by the _____ to improve the human condition. A. UN B. WTO C. GATT D. EU Difficulty: Medium 68. (p. 73) Which of the following constitutes an ambitious agenda to significantly improve the human condition by 2015? A. Human Right Act 1993 B. The eight Millennium Development Goals C. Foreign Corrupt Practices Act D. NAFTA Difficulty: Easy 69. (p. 74) Which of the following is not one of the eight Millennium Development goals? A. Reducing poverty B. Ensuring environmental sustainability C. Increasing life expectancy D. Eradicating discrimination against women Difficulty: Easy 3-19 Chapter 03 - Ethics and Social Responsibility 70. (p. 74) Which of the following is not one of the U.N. Millennium Development Goals? A. Eradicate extreme poverty and hunger B. Eradicate female infanticide in China C. Reduce child mortality D. Improve maternal health Difficulty: Easy Essay Questions 71. (p. 62) What is ethics? Why is ethics important to the study of international management? Ethics is the study of morality and standards of conduct. It is important in the study of international management because ethical behavior often varies from one country to another. Ethics is often the victim of subjectivity as it yields to the will of cultural relativism or the belief that the ethical standard of a country is based on the culture that created it and that moral concepts lack universal application. The area of ethics has a lawful component and infers right and wrong in a legal sense. Unbiased ethical decision-making processes are imperative to modern international business practices. It is difficult to determine a universal ethical standard when the views and norms in one country can vary substantially from others. Difficulty: Easy 3-20 Chapter 03 - Ethics and Social Responsibility 72. (p. 62-63, 65) Explain the reason for the reluctance of MNCs against doing business in China. Though the low cost of labor entices businesses to look to China, workers in China are not well paid and to meet the demand for output, they often are forced to work 12 hour days, 7 days a week. In some cases, children are used for this work. Business practices in China continue to be questionable as there is evidence of piracy, counterfeiting and industrial spying. One reason for the existence of counterfeiting is that China does not have clear definitions for or laws against it. One violation of human rights that resonated with MNCs and made them question whether to move operations into China was the violent June 1989 crackdown on student protesters in Beijing's Tiananmen Square. Difficulty: Medium 3-21 Chapter 03 - Ethics and Social Responsibility 73. (p. 65-67) Discuss the various measures that national governments have adopted against corruption. Government corruption is a pervasive element in the international business environment. However, a number of initiatives have been taken by governments and companies to begin to stem the tide of corruption. The Foreign Corrupt Practices Act (FCPA) makes it illegal for U.S. companies and their managers to attempt to influence foreign officials through personal payments or political contributions. Prior to passage of the FCPA, some American multinationals had engaged in this practice, but realizing that their stockholders were unlikely to approve of these tactics, the firms typically disguised the payments as entertainment expenses, consulting fees and so on. Not only does the FCPA prohibit these activities, but the U.S. Internal Revenue Service also continually audits the books of MNCs. Those firms that take deductions for such illegal activities are subject to high financial penalties and individuals who are involved can even end up going to prison. Difficulty: Medium 74. (p. 67-70) Explain corporate social responsibility and sustainability. Corporate social responsibility (CSR) can be defined as the actions of a firm to benefit society beyond the requirements of the law and the direct interests of the firm. Pressure for greater attention to CSR has emanated from a range of stakeholders, including civil society (the broad societal interests in a given region or country) and from nongovernmental organizations (NGOs). These groups have urged MNCs to be more responsive to the range of social needs in developing countries, including concerns about working conditions in factories or service centers and the environmental impacts of their activities. The term sustainability may first be associated with financial investments or the hope of steadily increasing profits, but for a growing number of companies, this term means the same to them as it does to an environmental conservationist. Difficulty: Medium 3-22 Chapter 03 - Ethics and Social Responsibility 75. (p. 72-73) What is meant by corporate governance? Corporate governance may be defined as the system by which business corporations are directed and controlled. The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporationsuch as the board, managers, shareholders and other stakeholdersand spells out the rules and procedures for making decisions on corporate affairs. By doing this, it also provides the structure through which the company objectives are set and the means of attaining those objectives and monitoring performance. Governance rules and regulations differ among countries and regions around the world. For example, the U.K. and U.S. systems have been termed "outsider" systems because of dispersed ownership of corporate equity among a large number of outside investors. In contrast, in an "insider system", such as that in many continental European countries, ownership tends to be much more concentrated, with shares often being owned by holding companies, families or banks. Difficulty: Medium 3-23

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Ch. 1: An overview of Financial ManagementOrganization chart of businesses Board of directors (including chairperson) CEO COO (usually the president as well) manages marketing, production, HR & otheroperating depts CFO manages accounting, treasury,
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Ch. 2 Financial Markets and InstitutionsThe Capital Allocation ProcessIn a well-functioning economy, capital flows efficiently from those w/ surplus capital to thosewho need it. Direct transfers when a business sells its stocks or bonds directly to sa
Northeastern - FINA - 2201
Ch. 3 Financial Statements, Cash Flow, and TaxesFinancial statements and reportsAnnual report a report issued annually by a corporation to its stockholders. It contains the 4basic financial statements as well as a managements analysis of the firms past
Northeastern - FINA - 2201
Ch. 4 Analysis of Financial StatementsRatio Analysis5 categories:1) Liquidity ratios tells us about the firms ability to pay off debts that are maturingwithin a yeara. Necessary if the firm is to keep operating2) Asset management ratios tell us how
Northeastern - FINA - 2201
Ch. 5: Time Value of MoneyFuture value the amount to which a cash flow or series of cash flows will grow over a givenperiods of time when compounded at a given interest rateCompounding the arithmetic process of determining the final value of a cash flo
Northeastern - FINA - 2201
Ch. 7 Bonds and Their ValuationBond a long-term contract under which a borrower agrees to make payments of interest andprincipal on specific dates to the holders of the bond Issued by corporations and government agencies that need long-term debt capita
Northeastern - FINA - 2201
Ch. 8: Risk and Rates of Return1) All business assets are expected to produce cash flows. The riskiness of an asset is basedon the riskiness of its cash flows. The riskier the cash flows, the riskier the asset.2) A stocks risk can be considered in 2 wa
Northeastern - FINA - 2201
Ch. 17 financial planning and forecastingStrategic planningElements of a strategic plan: Mission statement a condensed version of a firms strategic plan Corporate scope defines a firms lines of business and geographic areas of operationso Investors g
Northeastern - FINA - 2201
Ch. 19 Multinational Financial ManagementMultinational/Global Corporations Multinational corporation a firm that operates in an integrated fashion in a # ofcountries.o They make direct investments in foreign countries and sell their goods in foreignc
Northeastern - ECON - 1116
Ch. 1: 10 Principles of EconomicsScarcity society has limited resources and therefore cannot produce all the goods and servicespeople wish to haveEconomics the study of how society manages its scarce resourcesEconomy a group of people dealing with one
Northeastern - ECON - 1116
Ch. 4 Supply and DemandMarket and CompetitionSupply and demand refer to the behavior of people as they interact with one another in thecompetitive marketsMarket a group of buyers and sellers of a particular good or service The buyers determine the de
Northeastern - ECON - 1116
Ch. 5: Elasticity and its ApplicationsThe elasticity of demandElasticity a measure of the responsiveness of quantity demanded or quantity supplied to achange in one of its determinantsThe price elasticity of demand and its determinantsPrice elasticit
Northeastern - ECON - 1116
Ch.6: Supply, Demand, and Government PoliciesControls on PricesB/c the buyers of a product will always want it for cheaper and the sellers of a product willalways want it for a higher price, their interests will always conflictPrice ceiling a legal ma
Northeastern - ECON - 1116
Ch. 7 Consumers, producers, and the efficiency of marketsWelfare economics the study of how the allocation of resources affects economic well-beingConsumer surplusWillingness to pay the maximum amount that buyer will pay for a good, how much one values
Northeastern - ECON - 1116
Ch. 9: International TradeWorld price the prevailing price in world markets If the world price is higher than the domestic price, then the country will sell theirgoods/EXPORT to other countries, while also buying domestico The country has a comparativ
Northeastern - ECON - 1116
Ch. 10 ExternalitiesExternality the uncompensated impact of one persons actions on the well-being of abystander Therefore the government can sometimes improve the market outcome Negative externality if the impact to the bystander is adverseo Ex. Poll
Northeastern - ECON - 1116
Ch. 11 Public Goods and Common ResourcesDifferent Kinds of Goods: Characteristics:o Excludable can people be prevented from using the good?o Rival in consumption does one persons use of the good reduce anotherpersons ability to use it? Types of good
Northeastern - ECON - 1116
Ch. 14 The meaning of competition(Perfectly) Competitive market one where there are many buyers and sellers in the marketand the goods offered by the various sellers are largely the same Both consumers and sellers are price takers Firms can freely ent
Northeastern - ECON - 1116
Ch. 15 MonopolyA monopoly has no close competitors, is a price maker and has influence over the marketA monopoly charges a price > MRA monopoly still cant charge an absurdly high price b/c then not as many consumers would buyit, people might have ince
Northeastern - ACCT - 2301
Ch. 1 Management Accounting and Corporate GovernanceSimilarities and Differences between Financial and Managerial AccountingFeaturesManagerial accountingFinancial accountingUsersInsiders including executives, Outsiders including investors,managers,
Northeastern - ACCT - 2301
Ch. 2 Cost Behavior, operating leverage, and profitability analysisFixed cost behavior ex. Concert promoting firm. The cost of paying the band is one fixed costFixed cost per unit is NOT fixed.When activity increasesWhen activity decreasesTotal fixed
Northeastern - ACCT - 2301
Ch. 3 Analysis of Cost, Volume, and Pricing to Increase ProfitabilityDetermine the Break-Even PointBreak-even point where profit (income) equals zero Can be calculated w/ the equation method, contribution margin per unit method orcontribution margin r
Northeastern - ACCT - 2301
Ch. 4 Cost accumulation, cost tracing and allocationDetermine the cost of cost objects: Cost accumulation accumulating many individual costs and adding them togethero Identify cost objects Ex. Cost of hats, advertising, and labor/employeeso Identify
Northeastern - ACCT - 2301
Ch. 5: Cost management in an automated business environment; ABC, ABM and TQMDevelopment of a single companywide cost driver: In the past, companies were manufacturing intensive and it was assumed that ifemployees worked more, then more utilities and i
Northeastern - ACCT - 2301
Ch. 6 Relevant Information for Special DecisionsRelevant information Relevant information used to make decisions b/c it differs among the alternatives andis future oriented Sunk costs have been incurred and cannot be changed and thus are not relevant
Oregon - SOC - 410
Sociology 410Notes11.4.12Primate Studies*Dependent Monkeys have more stress hormones and less serotonin.*Dominant monkeys have fewer stress hormones and more serotonin.Primates*Previously dominant monkeys have worse mental health when become subord
Oregon - SOC - 410
Notes11.19.12Race, Ethnicity and Mental HealthWhy race matters*Humans are 75% identical for known genetic factors*95% of variation is within racial groups*So: any mental health differences between racial or ethnic groups MUST be dueto SOCIAL, rathe
Oregon - SOC - 410
Ashley BurtonSoc 410Discussion QuestionsChapter OnePrimary:1. Why do people try to avoid moments of mixed contacts and what can result frompeople, specifically the stigmatized who are continually avoiding these situations?a. Normals may feel uncomf