Final Exam Study Guide 06 2

Final Exam Study Guide 06 2 - Final Exam Study Guide TCOs...

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TCO’s Chapters Weeks 1 1 and 2 1 and 2 Given a description of a typical business, demonstrate how that  business acts within our economic system to achieve its goals as well  as those of society, along with an understanding of how the future  may impact these goals. Guide: Understand the relationship and interaction of supply and demand in the economy. Be able to define, differentiate and provide examples of a market, command and mixed economy. Define and discuss the fiscal and monetary policy role of the federal government and its respective agencies. List and define the Foundations of Capitalism. Apply the “ Invisible Hand” to a market economy. Explain productivity and its relationship to international trade. Relate political systems to their respective economic system Describe the demographic trends. Define and apply common economic indicators. TCO 2 Chapter 4 Week 3 Given the importance of ethics in business, be able to understand and address ethical dilemmas that may occur in workplace activities and offer suggestions to prevent their recurrence. Guide: Define and discuss the ethical and social responsibility of business. List and explain business stakeholders. Describe and apply a business code of ethics. TCO 3 Chapter 3 Week 2 Given the need to increase profits through cost reductions, describe the use of globalization strategies to accomplish this initiative, along with a discussion of the pros and cons of this approach. Guide:
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Final Exam Study Guide 06 2 - Final Exam Study Guide TCOs...

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