EQ (Emotional Quotient, also know as emotional intelligence)
Ans Focuses on the strength of certain soft skills, and involves developing greater selfawareness and self-control, and developing the ability to empathize and see a variety of
perspectives.
Intrapreneurship
Ans Entrepreneurial acti...
AFM 132 Questions and Correct Answers EQ (Emotional Quotient, also know as emotional intelligence) Ans Focuses on the strength of certain soft skills, and involves developing greater self -
awareness and self -control, and developing the ability to empathize and see a variety of perspectives. Intrapreneurship Ans Entrepreneurial activity within a corporate setting, where one is able to help grow their company by bein g creative to evolve processes or launch new products/services using the company's existing resources and reputation. Sustainability Ans Business practices that leave a positive impact on the environment to protect the world for future generations. Balance of trade Ans The relationship between importing and exporting. Favourable balance of trade (trade surplus) Ans When exports are greater than imports. Unfavourable balance of trade (trade deficit) Ans When imports are greater than exports. Business Ans An activity that you intend to carry on for profit (e.g., providing goods and services). Comparative advantage Ans Countries should sell (export) what they can produce most efficiently, and buy (import) when they cannot. Contract manufacturing Ans Involves finding a foreign manufacturer to make your product and then have your own brand name or trademark attached. Also known as outsourcing. Corporation Ans An incorporated business that's considered a separate legal ent ity apart from its owners. Shareholders of the corporation are not personally liable for debts or acts of the corporation. Crown corporation Ans A company owned by the federal or provincial government (also referred to as publicly owned). Embargo Ans A ban on the import or export of specific products. Exporting Ans The sale of goods and services to another country. Foreign direct investment (FDI) Ans Buying permanent property (or a business) and operating in a foreign country. Foreign subsidiar y Ans A company that is owned by a parent company located in another country.
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