Across
- 1. – Employees who report illegal or unethical behavior of their employer to authorities or the media.
- 3. Domestic Product (GDP) – The market value of all final goods and services produced within a country during a given period.
- 9. – A period of economic downturn marked by a decrease in the GDP for two consecutive quarters.
- 11. Policy – Actions that shape the economy by influencing interest rates and the supply of money, managed by the Federal Reserve.
- 13. – A general increase in prices across the economy, reducing the purchasing power of money.
- 15. Franchising – A business model where a firm allows foreign businesses to operate using its products, branding, and business model according to specific operational requirements.
- 16. – A social movement advocating for the rights of consumers, including the right to be informed, safe, and heard.
- 18. Development – Conducting business in a way that meets present needs without compromising the ability of future generations to meet their needs.
- 20. Trade – An international economic movement that allows goods and services to move freely across national borders without restrictions.
- 26. Cost – The value of the next best alternative that is forgone when a decision is made.
- 27. – A market structure where a single producer dominates the industry, leaving no room for competitors.
- 28. Rate – The percentage of people in the labor force who do not have jobs and are actively seeking employment.
- 30. – The physical, financial, or technological resources a business needs to produce goods or services.
- 31. Licensing – A domestic company grants a foreign company the rights to produce and market its product or use its intellectual property in a defined geographical area.
- 32. Dilemmas – Situations where one must choose between conflicting values, such as honesty versus loyalty.
- 35. Deficit – Occurs when the total value of a nation's imports is higher than the total value of its exports.
- 36. Surplus – Occurs when the total value of a nation's exports is higher than the total value of its imports.
- 38. – Taxes imposed on imported goods to make them more expensive and restrict international trade.
- 39. of Trade – The difference in value between a nation’s exports and imports.
Down
- 2. – Occurs when a business’s expenses exceed its revenue.
- 4. Differences – The variations in values, beliefs, and practices among different cultures that can affect business practices.
- 5. Policy – Government efforts to influence the economy through taxation and spending decisions to encourage growth, reduce unemployment, and control inflation.
- 6. Footprint – The total amount of harmful greenhouse gases emitted by a company during its operations.
- 7. Ethical Standards – Ethical norms that apply to all people across various situations.
- 8. – Limits set on the amount of a specific product that can be imported into a country.
- 10. Ethics – The application of right and wrong, good and bad, in a business setting.
- 11. – The study of smaller economic units, including individual businesses and consumers.
- 12. Responsibility – The obligation of a business to contribute positively to society.
- 14. Competition – A market structure where many competitors sell identical products, with little to no control over pricing.
- 17. – The study of a country’s overall economic dynamics, such as the overall economy, inflation, employment rates, and GDP.
- 19. and Demand – The economic system that regulates the flow of resources, where supply represents the quantity of products sellers are willing to offer and demand represents the quantity consumers are willing to buy at various prices.
- 21. – An organization that employs people and produces goods or services but aims to contribute to the community rather than generate profit.
- 22. – A person who risks their resources to start and manage a business.
- 23. – The amount of a product or service that businesses are willing to sell at a certain price.
- 24. – Money earned by a business after subtracting expenses from revenue.
- 25. Advantage – The ability of a business to outperform competitors by offering greater value, such as through speed-to-market or customer relationships.
- 29. Resources – Inputs that offer value in their natural state and are essential for production.
- 33. of Ethics – A formal written document outlining a company’s ethical standards and guiding employee decision-making.
- 34. – The amount of a product or service that consumers are willing to buy at a certain price.
- 37. – A set of beliefs about right and wrong, good and bad, guiding individual behavior.