Business Final Exam with Accurate
Solutions
merger - correct answer-the result of two firms forming one company
importing - correct answer-buying products from another country
exporting - correct answer-selling products to another country
dumping - correct answer-selling products in foreign country at lower prices than those
charged in the producing country
free trade - correct answer-movement of goods and services among nations with out
political or econ barriers
balance of trade - correct answer-the total value of a nation's exports composed to its
imports measured over a particular time
what country is the largest importer in the global market? - correct answer-US
joint venture - correct answer-2 or more companies come together
licensing - correct answer-when a firm provides the right to manufacture its products or
use its trademark to a foreign company for a free (trademark)
foreign subsidiary - correct answer-a company owned in a foreign country by another
company called the parent company
civil rights act of 1964 - correct answer-lindon mays johnson, discrimination, race,
religion. equal employment, affirmative action, EEOA(creates an act) EEOC(creates a
commission)
EEO - correct answer-
affirmative action - correct answer-employment activities designed to "right past wrongs"
by increasing opportunities for minorities and women
FMLA - correct answer-Family medical leave act, provides 12 weeks leave unpaid
job analysis - correct answer-study of what is done by employees who hold various job
titles
Solutions
merger - correct answer-the result of two firms forming one company
importing - correct answer-buying products from another country
exporting - correct answer-selling products to another country
dumping - correct answer-selling products in foreign country at lower prices than those
charged in the producing country
free trade - correct answer-movement of goods and services among nations with out
political or econ barriers
balance of trade - correct answer-the total value of a nation's exports composed to its
imports measured over a particular time
what country is the largest importer in the global market? - correct answer-US
joint venture - correct answer-2 or more companies come together
licensing - correct answer-when a firm provides the right to manufacture its products or
use its trademark to a foreign company for a free (trademark)
foreign subsidiary - correct answer-a company owned in a foreign country by another
company called the parent company
civil rights act of 1964 - correct answer-lindon mays johnson, discrimination, race,
religion. equal employment, affirmative action, EEOA(creates an act) EEOC(creates a
commission)
EEO - correct answer-
affirmative action - correct answer-employment activities designed to "right past wrongs"
by increasing opportunities for minorities and women
FMLA - correct answer-Family medical leave act, provides 12 weeks leave unpaid
job analysis - correct answer-study of what is done by employees who hold various job
titles
