SOM 122 Study Guide - Midterm Guide: Individualism, Federal Funds Rate, Regulatory Law
9 Oct 2016
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Organizations cannot act effectively as moral agents for shareholders. Time, money, and attention diverted to social causes undermine market efficiency. Insider trading: illegal practice of using special knowledge about a firm or profit or gain. Consumerism: form of social activism dedicated to protecting the rights of consumers in their dealing with businesses. Collusion: illegal agreement between two or more companies to commit to a wrongful act. Statistics that show whether an economic system is strengthening, weakening, or remaining stable-to help assess the performance of an economy. The pattern of short-term ups and downs in an economy. The total quantity of goods and services produced by an economic system during a given period. Total value of all goods and services produced within a given period by a national economy through domestic factors of production. Occurs when widespread price increases occur throughout an economic system. Stagflation: inflation, unemployment is down so no growth. Deflation: not enough money, value goes down.
