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1-What are the two MAIN differences between a For Profit and a Nonprofit organization? 2-Explain Communism. 3-Explain Socialism. 4-Explain Capitalism 5-Explain Monopolistic Competition. 6-Define Business

1-What are the two MAIN differences between a For Profit and a Nonprofit organization?

2-Explain Communism. 3-Explain Socialism. 4-Explain Capitalism 5-Explain Monopolistic Competition. 6-Define Business Ethics. Who determines whether a business activity is ethical? 7-Is unethical conduct always illegal? Explain, please. 8-What is the difference between ethics and social responsibility. 9- S. Government owes over 30 Trillion dollars. What are the ways to pay off (or reduce) that huge debt? 10-Almost all countries of the world levy a tariff on products they import from U.S., whereas U.S. imports foreign goods with zero tariffs. What do you think the consequences are if U.S. retaliates? 11- Organizations are created to make a profit. The best way to increase profit is to decrease production expenses by outsourcing tasks. Please explain the negative aspects of outsourcing; particularly, in todays environment, after the Corona epidemic.

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