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Question
Discuss the concepts of trade deficit and trade surplus and describe the relationship between the two.
Answer
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Related questions
Q:
Which of the following branches of government does the legislative branch include?
(A) The Senate
(B) The House of Representatives
(C) Regulatory agencies.
(D) The President's office
(E) The Supreme Court
Q:
What would be considered as nonmarket society environment elements?
(A) Societal interest groups
(B) Employees
(C) News media
(D) Managers
(E) Communities
Q:
Which of the following are stakeholders in a business as identified by the textbook?
(A) Owners
(B) Employees
(C) Politicians
(D) Distributors
(E) Consumers who don't buy a company's product
Q:
Which of the following is true of amoral managers?
(A) Their values are based on the Judeo-Christian faiths.
(B) They have strong ethics and apply those ethics to their business.
(C) They want to be socially responsible.
(D) They want to maximize profits but with a strong sense of ethics.
(E) They do not believe ethics applies to business.
Q:
Governance refers to the total cost of the employee; executives commonly receive a salary, benefits, bonuses, stock options, and many perks.
(A) True
(B) False
Q:
A/n _______ is a neutral party who makes a binding decision for management and labor.
(A) teamster
(B) ombud
(C) arbitrator
(D) mediator
(E) collector
Q:
The _______ Act gave employees the right to unionize without fear of prosecution, and it listed unfair practices of employers
(A) Wagner
(B) Norris-LaGuardia
(C) Fair Standards
(D) Civil Rights
(E) Employee Protection
Q:
The employer–employee relationship is critical because it affects the performance of the business.
(A) True
(B) False
Q:
An understanding of labor relations is not necessary for those working in nonunion firms because it cannot aid in keeping the firm from becoming unionized.
(A) True
(B) False
Q:
Unions in the United States are on the rise.
(A) True
(B) False
Q:
Which of the following are rights of a stockholder?
(A) Share in profits through dividend payment
(B) Vote on bylaws and charter changes
(C) Sell shares of stock
(D) Know about the affairs of the corporation through information disclosure
(E) Receive an annual report with financial performance and condition
Q:
Which statements about the old employment relationships are correct?
(A) Under the old employment relationship, job seekers were expected to be hired and trained for the job.
(B) The old relationship provided job security, steady pay increases with good benefits, opportunities for advancement, and long-term employment.
(C) Employees are responsible for their own career future, which is likely to entail having multiple jobs.
(D) The old manager–employee relationship was more collaborative than adversarial.
(E) The old relationship called for loyalty to and identification with the employer.
Q:
Employer-employee relationship is much the same as it has always been.
(A) True
(B) False
Q:
_______are the business rules of conduct, and the rules are developed by regulatory agencies to implement laws passed by Congress.
(A) Reservations
(B) Regulation
(C) Obligations
(D) Lobbying
(E) Privatization
Q:
Name some benefits and costs of regulation.
Q:
Which of the following is not part of the organizational structure of the federal executive branch of government?
(A) Executive Office of the president
(B) Independent agencies and government corporations
(C) Boards, commissions, and committees
(D) Quasi-official agencies
(E) The cabinet executive departments and their agencies
Q:
Advisory panels and committees are overseen by ________.
(A) the General Accounting Office
(B) the Federal Oversight Administration
(C) various advisory panels
(D) Political Action Administration
(E) General Services Administration
Q:
The role of ________is to provide expert information to the government on proposed regulations.
(A) interest group
(B) radical coalition
(C) paid registered lobbyists
(D) advisory panels and committees
(E) CEOs and CFOs
Q:
A ________ monopoly occurs when one large business can supply the entire market more efficiently and cheaply than several small firms due to economies of scale.
(A) clear-cut
(B) mitigating
(C) economical
(D) efficient
(E) natural
Q:
The prisoners' dilemma is a situation in which if one competitor uses a strategy to gain an advantage, the others must follow, even when all lose.
(A) True
(B) False
Q:
Many federal laws have been passed that have affected businesses.
(A) True
(B) False
Q:
Businesses is a centralized, one-stop platform to make it easy for businesses to access services to help them grow and hire.
(A) True
(B) False
Q:
The Supreme Court signs statutes into law.
(A) True
(B) False
Q:
Proper communication can help to maintain a positive company and brand reputation.
(A) True
(B) False
Q:
Issues management is used to anticipate and respond to both threats and opportunities.
(A) True
(B) False
Q:
Firms that are less likely to be active in PA management are those that are significantly affected by government.
(A) True
(B) False
Q:
What are the three phases of issues management?
(A) Scanning the environment to identify issues and trends that will affect society.
(B) Assuming that last year's issues have been resolved and this year's issues will be similar.
(C) Using the same categorization process for identifying issues as your competitors do.
(D) Evaluating the impact issues will have on the firm and ranking issues by priority to the firm.
(E) Conducting a strategic analysis to develop strategies for dealing with high-priority public affairs issues.
Q:
Which of the following could be considered Public Affairs statements?
(A) "Quality is Job 1."
(B) "We will not seek an unfair advantage over our competitors."
(C) "Save money, live better."
(D) "Finger-lickin' good."
(E) "Because you're worth it."
Q:
Which of the following are true about public affairs activities?
(A) It is not concerned with stakeholders.
(B) It refers to how businesses interact with stakeholders.
(C) During PA functions, managers must be ethical, and unethical behavior should be reported through whistleblowing
(D) It is concerned with firm stakeholder relationships.
(E) Managers usually do not practice ethical behavior when dealing with the public.
Q:
Which statement about the market and nonmarket is not correct?
(A) The market environment includes owners, employees, suppliers, customers, and competitors.
(B) The nonmarket environment includes interactions with society and government.
(C) The nonmarket environment structures (laws and regulations) how business operates in the market environment and the positions of firms in the market, and it creates opportunities for and threats to business.
(D) The market environment creates issues of special interest that are addressed in the nonmarket environment.
(E) All these statements are correct.