What is important to have in place to ensure that business helps improve people's lives and society?
What will be an ideal response?
Answer: Legal controls should be in place to help curb abuses.
Explanation: Social and legal controls can help limit the impacts of a "profit at any cost" approach to business.
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Consider Figure 2.2. In the absence of trade, Canada would produce and consume
a. 8 televisions and 16 refrigerators.
b. 12 televisions and 16 refrigerators.
c. 8 televisions and 12 refrigerators.
d. 12 televisions and 8 refrigerators.
The characters from the popular cartoon show "SpongeBob Square Pants" can be found on a variety of merchandises such as clothing, toys and video games. Yet, the original creator of the show does not produce any of the items. This is an example of licensing the brand name to other manufacturers.
Answer the following statement true (T) or false (F)
Who said, "I considered [quitting] on a number of occasions. I was very well compensated. I didn't have the nerve to quit"?
a. Sherron Watkins b. Lea Fastow c. Paula Reiker d. David Delainey
The authors refer to companies that have access to a ________ as MNEs, and firms without such access are identified as ________
A) global cost and availability of capital; domestic firms. B) large domestic capital market; geographically challenged. C) world financial markets; antiquated. D) none of the above