Answers: produce both tin and corn in order to remain self-sufficient. watch the global market to see which product is bringing the highest price. import the resources needed to produce corn. concentrate its production on tin and buy corn from an
efficient producer. Question 39 1 out of 1 points A(n) ________-based ethics code emphasizes the prevention of unlawful behavior by increasing control and penalizing wrongdoers. Selected Answer: compliance Answers: legal corporate responsibility compliance integrity Question 40 1 out of 1 points A business incurs a ___________ if its costs and expenses exceed its revenues. Selected Answer: loss Answers: loss liability debit dividen d Question 41 1 out of 1 points Compliance-based ethics codes: Selected Answer: conform to laws and regulations. Answers: conform to laws and regulations. enable responsible employee conduct. use education, leadership, and accountability to
reinforce the code. create a "do-it-right" climate that emphasizes core values. Question 42 1 out of 1 points Granting a foreign company the right to manufacture your product or to use your firm's trademark in return for a fee is called: Selected Answer: licensing. Answers: joint venture. foreign subsidiary. licensing. outsourcing. Question 43 1 out of 1 points An activity which seeks to earn a profit by providing a good or service is known as a(n): Selected Answer: business. Answers: industry. corporatio n. business. service. Question 44 1 out of 1 points Efficiency means: Selected Answer: producing goods and services using the least amount of resources. Answers: producing the desired result.
producing goods and services using the least amount of resources. the amount of output you generate given the amount of input. the buying and selling of goods using the most amount of resources. Question 45 1 out of 1 points A whistleblower is a person who: Selected Answer: reports illegal or unethical behavior in the corporation. Answers: monitors employees who work overtime. reports illegal or unethical behavior in the corporation. reports health or other corporate emergencies to 911. works in the human resource department. Question 46 1 out of 1 points The largest importer in the global market today is: Selected Answer: United States. Answers: Japan. Russia. Germany. United States. Question 47 1 out of 1 points The _____________ is the total value of a nation's exports compared to its imports measured over a specific period of time.
Selected Answer: balance of trade Answers: balance of payments balance of trade surplus balance of trade deficit balance of trade Question 48 0 out of 1 points A rare and scarce earth metal known as Neodymium is used in many consumer and military products including smartphones, smart bombs, laptop computer monitors, and electric/hybrid cars. In one year's time, the price of Neodymium has gone from $19/lb.
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- Summer '19
- International Trade