SGMA 217 Exam #1 Exam Questions With Verified Answers.

en enterprises to lessen competition. p. 21 Cheif Information Officer (CIO) - answerAn executive with responsibility for managing all information resources in an organization. p. 96 Circular Flow - answerThe movement of inputs and outputs among households, businesses, and governments; a way of showing how the sectors of the economy interact. p. 34 Code of Ethics - answerA set of guidelines prepared by a company to provide its employees with the knowledge of what the company expects in terms of their responsibilities and behaviour toward fellow employees, customers, and suppliers. p. 80 Command Economy - answerAn economic system characterized by government ownership of virtually all resources and economic decision making by central government planning; also known as a planned economy and central planning. p. 36 Consumer Price Index (CPI) - answerA measure of retail price movements that compares a representative "shopping basket" of goods and services. p. 49 Consumerism - answerA movement that seeks to increase the rights and powers of buyers vis-à-vis sellers. p. 19 Contractionary Policy - answerThe use of monetary policy by the Bank of Canada to tighten the money supply by selling government securities or raising interest rates. p. 50 Conventional Ethics - answerThe second stage in the ethical development of individuals in which people move from an egocentric viewpoint to consider the expectations of an organization or society; also known as social ethics. p. 77 Copyright - answerA form of protection established by the government for creators of works of art, music, literature, or other intellectual property; it gives the creator the exclusive right to use, produce, and sell the creation during the lifetime of the creator and extends these rights to the creator's estate for 50 years thereafter. p. 17 Corporate Governance - answerThe way in which an organization is being governed, directed, and administered. p. 75 Corporate Philantrophy - answerThe practice of charitable giving by corporations; includes contributing cash, donating equipment and products, and supporting the volunteer efforts of company employees. p. 75 Cost-Push Inflation - answerInflation that occurs when increases in production costs push up the prices of final goods and services. p. 49