Sarbanes-Oxley Act
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a law passed in 2002 that requires CEO's and CFO's to personally vouch for
the truthfulness and fairness of their firm's financial disclosures.
strategic partners
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organizations that work together with one or more other organizations in a
joint venture or similar arrangement
(Example: Disney and DreamWorks film studio)
,How do businesses influence the government?
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Businesses rely on:
1. lobbying
2. political action committees
3. personal contacts
legal compliance
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the extent to which an organization follows local, state, federal, and
international laws
market systems
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clusters of countries that engage in high levels of trade with one another
international dimension
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, the extent to which an organization is involved in or is affected by business
in other countries
global business
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a business that transcends national boundaries and is not committed to a
single home country.
political-legal dimension
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the government regulation of business and the relationship between
business and government
General Agreement on Tariffs and Trade (GATT)
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a trade agreement intended to promote international trade by reducing
trade barriers and making it easier for all nations to compete in
international markets
regulatory agencies
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an agency created by the government to regulate business activity.
Examples: Environmental Protection Agency (EPA), Securities and
Exchange Commission, Food and Drug Administration (FDA) and the Equal
Employment Opportunity Commission (EEOC)
external environment
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everything outside an organization's boundaries that might affect it
general environment
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the set of broad dimensions and forces in an organization's surrounding
that create its overall context
Which economic community is Argentina part of?
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Mercosur, which includes Argentina, Brazil, Paraguay, and Uruguay.
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a law passed in 2002 that requires CEO's and CFO's to personally vouch for
the truthfulness and fairness of their firm's financial disclosures.
strategic partners
Give this one a try later!
organizations that work together with one or more other organizations in a
joint venture or similar arrangement
(Example: Disney and DreamWorks film studio)
,How do businesses influence the government?
Give this one a try later!
Businesses rely on:
1. lobbying
2. political action committees
3. personal contacts
legal compliance
Give this one a try later!
the extent to which an organization follows local, state, federal, and
international laws
market systems
Give this one a try later!
clusters of countries that engage in high levels of trade with one another
international dimension
Give this one a try later!
, the extent to which an organization is involved in or is affected by business
in other countries
global business
Give this one a try later!
a business that transcends national boundaries and is not committed to a
single home country.
political-legal dimension
Give this one a try later!
the government regulation of business and the relationship between
business and government
General Agreement on Tariffs and Trade (GATT)
Give this one a try later!
a trade agreement intended to promote international trade by reducing
trade barriers and making it easier for all nations to compete in
international markets
regulatory agencies
, Give this one a try later!
an agency created by the government to regulate business activity.
Examples: Environmental Protection Agency (EPA), Securities and
Exchange Commission, Food and Drug Administration (FDA) and the Equal
Employment Opportunity Commission (EEOC)
external environment
Give this one a try later!
everything outside an organization's boundaries that might affect it
general environment
Give this one a try later!
the set of broad dimensions and forces in an organization's surrounding
that create its overall context
Which economic community is Argentina part of?
Give this one a try later!
Mercosur, which includes Argentina, Brazil, Paraguay, and Uruguay.
