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61 Cards in this Set
- Front
- Back
Insider Trading
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Information that will affect the price of a company's stock.
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When a country exports more than it imports?
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Trade surplus
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When a country imports more than it exports?
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Trade deficit
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A tax imposed on imports?
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Tariff
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Characteristics of a country (beliefs, etc)
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Culture
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Very large, have operations in countries around the world?
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Multinational Corporation
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When the US dollar buys less foreign currency?
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Low value of the dollar
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How much of one currency you can get for another?
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Exchange rate
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Buying products from another country?
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Importing
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When the US dollar can buy more of another currency?
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High value of the dollar
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Where a company has its headquarters?
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Home country
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Something is focused/comfortable with dealing with their own culture/country?
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Ethnocentricity
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Selling products to another country?
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Exporting
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Businesses that handle exports for other firms?
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Export Trading Companies
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Where a company has its operations?
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Host country
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The ratio (comparison) of exports to imports?
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Balance of trade
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A systematic evaluation of an organization's progress toward impletmenting programs that are socially responsible and responsive?
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Social Audit
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Dimension of responsibility that includes everything from hiring minority workers to making safe products?
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Corporate Social Reponsibility
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When someone should act in the best interest of the client but doesn't?
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Conflict of interest
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Trading Bloc of South America?
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Mercosur
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A legally protected name, symbol, design, or combination that identifies that goods or services of one seller and distinguishes them from competitors?
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Trademark
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A legally enforceable agreement between two or more parties?
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Contract
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A wrongful act that causes injury to another person's body, property, or reputation?
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Tort
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Passed by local, state, Federal, congress, legislatures (written)?
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Statutory law
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The monetary settlement awarded to a person who is injured by a breach of contract?
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Damages
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People who report illegal or unethical behavior?
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Whistle blowers
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The decisions of judges in certain cases?
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Precedent
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Law that doesn't concern criminal penalties?
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Civil law
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Dimension of social responsibility that includes charitable donations?
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Corporate Philanthropy
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Requires all publicly traded companies to spend more money on compliance (increased accounting)?
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Sarbanes-Oxley Act
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First that hears cases / where evidence is presented?
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Trial Court
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A social movement that seeks to increase and strengthen the rights and powers of buyers in relation to sellers?
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Consumerism
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Those who want to know where their money is going and for what purpose?
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Socially Conscious Investors
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In Tort Law, behavior that causes unintentional harm or injury?
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Negligence
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Part of Tort Law that holds businesses liable for harm that results from the production, design, sale, or use of products they market?
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Product Liability
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A document that gives inventors exclusive rights to their inventions for 20 years?
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Patent
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A partnership in which two or more companies join?
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Joint venture
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A document that protects a creator's rights to materials such as books, articles, photos, cartoons, etc...
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Copyright
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Something of value, one of the requirements for a legal contract?
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Consideration
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A company in a foreign country owned by a large international one?
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Foreign subsidiary
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Highest in the land, anything can be brought there?
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Supreme Court
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Where appeals take place?
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Appellate Court
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Agreement that created a free trade area among the US, Mexico, and Canada?
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NAFTA (North American Free Trade Agreement)
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25 countries that have eliminated all trade barriers with each other?
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European Union
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When one party fails to follow the terms of a contract?
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Breach of contract
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The body of law that comes from decisions handed down by judges (unwritten)?
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Common Law
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Government withdrawl of certain laws and regulations that seem to hinder competition?
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Deregulation
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Buying property/businesses in a foreign country?
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Foreign direct investment
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When a host country government seizes an asset from a multinational corp without paying for it?
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Expropriation
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A group of countries that get together for international trade purposes?
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Trading Bloc
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Anything other than an import tax?
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Non-tariff barrier
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The use of government regulations to limit the import of goods and services?
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Trade protectionism
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Selling products in a foreign country at lower prices than in the producing country?
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Dumping
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A limit on the number of products that can be imported?
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Import Quota
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Difference between money entering the country (exports) and money leaving the country (imports)?
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Balance of payments
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When payment is made internationally with anything but money?
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Countertrading
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Settles disputes between countries?
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WTO (World Trade Organization)
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Prohibits American companies from making bribes to foreign customers for business?
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The Foreign Corrupt Practices Act
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When one company allows another to produce its product for a fee (royalties)?
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Licensing
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Company hires another to manufacture its product?
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Contract Manufacturing
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When a currency has a decline in value?
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Devaluation
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