Intro to Business - Chapter 4

An agreement to exchange goods or services for something of value.

• Quota

• Embargo

• Bribe

• Contract

Goods and services sold to other countries.

• Contract

• Balance of trade

• Export

• Imports

A forced payment of money or a favor required before an official or decision maker will make a favorable decision.

• Tariff

• Business ethics

• Bribe

• Social responsibility

Business activities necessary for creating, shipping, and selling of goods and services across national boards.

• Export

• Balance of trade

• International business

• Social responsibility

Rules about how businesses and their employees are expected to behave.

• Embargo

• Tariff

• Bribe

• Business ethics

The duty of a business to contribute to the well-being of a community and society at large.

• Social responsibility

• Bribe

• Export

• Quota

A set of rules for guiding the actions of employees or members of an organization.

• Social responsibility

• International business

• Imports

• Code of ethics

An action taken to stop the import or export of goods and services completely.

• Code of ethics

• Embargo

• Contract

• Quota

The difference between a country's exports and imports.

• Balance of trade

• Code of ethics

• Social responsibility

• International business

A limit on the quantity of a product that can be imported or exported.

• Quota

• Embargo

• International business

• Export