MIE 201 Exam 1 Questions With Solutions
100% Solved
open economy an economy in which economic activities occur between the country and
international community
big data large volumes of structured and unstructured data that are transmitted at very fast
speeds
blockchain record-keeping technology that stores linked blocks of ordered transactions
over time
economics the study of how resources are distributed for the production of goods and
services within a social system
corporate citizenship the extent to which businesses meet legal, ethical, economic, and
voluntary standards placed on them by stakeholders
consumerism the activities that independent individuals, groups and organizations
undertake to protect their rights as consumers
, MIE 201 Exam 1 Questions With Solutions
100% Solved
social responsibility a business's obligation to maximize its positive impact and minimize
its negative impact on society
outsourcing the transferring of manufacturing or other tasks to countries where labor and
supplies are less expensive
balance of payments the difference between the flow of money into and out of a country
infrastructure the basic physical and organizational structures and facilities needed for the
operation of a society or enterprise
exchange controls regulations that restrict the amount of currency that can be bought or
sold
quota a restriction on the number of units of a particular product that can be imported into
a country
100% Solved
open economy an economy in which economic activities occur between the country and
international community
big data large volumes of structured and unstructured data that are transmitted at very fast
speeds
blockchain record-keeping technology that stores linked blocks of ordered transactions
over time
economics the study of how resources are distributed for the production of goods and
services within a social system
corporate citizenship the extent to which businesses meet legal, ethical, economic, and
voluntary standards placed on them by stakeholders
consumerism the activities that independent individuals, groups and organizations
undertake to protect their rights as consumers
, MIE 201 Exam 1 Questions With Solutions
100% Solved
social responsibility a business's obligation to maximize its positive impact and minimize
its negative impact on society
outsourcing the transferring of manufacturing or other tasks to countries where labor and
supplies are less expensive
balance of payments the difference between the flow of money into and out of a country
infrastructure the basic physical and organizational structures and facilities needed for the
operation of a society or enterprise
exchange controls regulations that restrict the amount of currency that can be bought or
sold
quota a restriction on the number of units of a particular product that can be imported into
a country
