Learning Goal: I’m working on a business practice test / quiz and need an explan

Learning Goal: I’m working on a business practice test / quiz and need an explanation and answer to help me learn.Define each term and provide examples. BUSI 1301 Final Study GuideCommunist economy
Socialist system
Mixed Economy
Business ethics
Ethical decisions
Ethical conflict
Process of resolving an ethical issue
Code of ethics
Dodd-Frank Act
Business ethics and social responsibility
Social responsibility
Relationship between social responsibility and profitability in business
Sarbanes-Oxley Act.
Government regulation of sole proprietorships
Keys to successful partnership
Disadvantages of partnerships
Limited partners
Corporation
Assets and liabilities of a corporation
Advantages and disadvantages of franchising
Outsourcing controversy
Implications of trade deficits
Results of devaluing currency
Barriers to International business
Tariffs
Trade restrictions
Budget deficit
Manager responsibilities
Management functions
Planning
Organizing
Directing/leading
E-business
Digital media and its uses
High technology businesses vs. other small businesses
Online fraud
Digital media in the marketing mix
Drawback of digital media
Cash flow
Operating revenues
Financial statements
Income statement
Balance sheet
Common Stock
Federal Reserve Board
Result of Federal Reserve raising discount rate
Securities markets
Finance

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