After Issues Related to Customers and Competitors,the Second Most Common

question 70

Multiple Choice

After issues related to customers and competitors,the second most common category of ethical issues that challenge small businesses is concerned with

• A)the treatment of employees.
• B)international relations.
• C)public relations.
• D)harmful production processes.

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Definitions:

Trade Restrictions

Regulations and policies that governments enact to control the free trade and exchange of goods and services across borders.

Import Quota

A restriction enforced by the government on the volume or price of merchandise that may be imported into a country.

Tariff

A tariff is a tax imposed by a government on imported or exported goods to regulate trade, often to protect domestic industries.

Free Trade

An economic policy that allows imports and exports between countries with minimal governmental restrictions or tariffs.