It Costs a Computer Manufacturer $1,000 to Produce a Personal

question 151

Multiple Choice

It costs a computer manufacturer $1,000 to produce a personal computer. This manufacturer sells these computers abroad for $600. This is an example of

• A) a negative tariff.
• B) export subsidy.
• C) dumping.
• D) a trade-related economy of scale.

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Definitions:

Economic Responsibility

The obligation of businesses to contribute to the economic well-being of their communities and society as a whole.

Social Responsibility

The practice of companies taking responsibility for the impact of their activities on the environment, consumers, employees, communities, and all other stakeholders.

Stakeholders

Individuals or groups with an interest or stake in the success of a project, business, or enterprise, including customers, employees, investors, suppliers, and the community.

Ethical Issue

a problem or situation that requires a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).