| A | B |
|---|
| business ethics | Rules about how businesses and their employees ought to behave |
| social responsibility | The obligation of a business to contribute to the well-being of a community |
| code of ethics | A statement of values and rules that guides the behavior of employees or members of an organiztion |
| ethics | Principles of morality or rules of conduct |
| non-renewable resource | A natural resource, such as gas, coal, copper, and iron ore, that cannot be replaced once it is used up |
| balance of payments | The difference between a country's total payments to other countries and its total receipts from other countries |
| balance of trade | The difference between a country's total exports and total imports of goods |
| exchange rate | The value of money of one country expressed in terms of the money of another country |
| embargo | Stopping the importing and exporting of a certain product or service |
| exports | Goods and services solf to another country |
| imports | Goods and services bought from another country |
| international business | The business activities necessary for creating, shipping, and selling goods and services across national borders |
| multinational company of corporation (MNC) | An organization that conducts business in several countries |
| quota | A limit on the quantity of a product that may be imported and exported within a given period of time |
| tariff | A tax that a government places on certain imported products |
| antitrust laws | Laws designed to promote competition and fairness and to prevent monopolies |
| contract | An agreement to exchange goods or services for something of value |
| copyright | Protection of the work of authors, composers, and artists |
| interstate commerce | Business transactions involving companies in more than one state |
| intrastate commerce | Business transactions involving companies that do business only in one state |
| monopoly | A business that has complete control of the market for a product or service |
| patent | The exclusive right given to a person to make, use, or sell and invention for a period of 17 years |
| public utility | A business that supplies a service or product vital to all people; the price charged for the service is determined by government regulation rather than competition |
| revenue | Government income |
| trademark | A word, letter, or symbol associated with a specific product or company |
