Business Chapter 37

Question 1

Boycotting

Answer 1

Withdrawing from commercial or social relations as a form of protest

Question 2

Competition policy

Answer 2

Government policy that exists to promote competition and ensure that films don’t abuse their market power, do not attempt to tix prices or use pricing strategies to drive out competition , and do not work together illegally against other producers or the consumer.

Question 3

Direct action

Answer 3

The use of demonstrations, protests, strikes or even sabotage to achieve a political or social goal

Question 4

Multiplier effect

Answer 4

Where an increase in spending, such as government expenditure, generates a much greater level of total spending in the economy

Question 5

Parent company

Answer 5

A company that has control over another company

Question 6

Payday lending

Answer 6

Short-term lending where the loan may or may not be repaid when the borrower gets paid from work.

Question 7

Self-policing

Answer 7

Where businesses monitor the own activities without reference to en external authority

Question 8

Tax-avoidance

Answer 8

Using legal methods to reduce the amount of tax this a company pays.

Question 9

Tax evasion

Answer 9

Using illegal means to avoid paying taxes that are owed

Question 10

Tax haven

Answer 10

A country where taxes are relatively low

Question 11

Tax ruling

Answer 11

An advance arrangement between the tax authorities and a taxpayer, such as an MNC, to clarify the tax implications (последствия) of a transaction