Manufacturing Operations | Partnerships | Ethics and Social Responsibility | International Business |
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What is Purchasing?
The buying of all materials needed by an organization
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What is a partnership?
An association of two or more persons who carry on as co-owners of a business for a profit.
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What is a code of ethics?
Formal rules and standards that outline what a company expects of its employees.
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What is international business?
The buying, selling, and trading of goods and services across national boundaries.
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What is inventory?
All raw materials, components, completed or partially completed products.
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What is a merger?
When two companies combine to form a new company.
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What is social responsibility?
A broad concept that concerns the impact of the entire business's activities on society.
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What is China?
The #1 country that the US has a trade deficit with.
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What is scheduling?
The assignment of required tasks to departments or even specific machines/workers.
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What is a general partnership?
In this partnership, each partner has unlimited liability for the debts of the business.
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What is a bribe?
A favor, gift, or money amount that is given or accepted to influence the outcome of a business decision.
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What is an embargo?
A procedure imposed on one country by another to stop all import and export trade with that country.
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What is customization?
Making products to meet a particular customers needs.
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What is a co-op?
An organization composed of individuals or small businesses that have bonded together to reap the benefits of belonging to a larger organization.
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What is a conflict of interest?
One of the most common ethical issues identified by employees, exist when a person must choose to advance his or her own personal interest or those of others.
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What is a totalitarian system?
This type of political system would discourage trade with other countries.
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What is capacity?
The maximum load that an organizational unit can carry or operate.
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What is a limited partnership?
In this partnership, there is at least one partner assuming unlimited responsibility, and at least one partner whose liability is limited only to his or her investment in the business.
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What are the four points of the consumer bill of rights?
The right to safety, the right to be informed, the right to choose, and the right to be heard.
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What is Subway?
The #1 global franchise as of 2014?
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