12 Questions
What are the twin essentials of business according to the text?
Profitability and Accountability
What is defined as a business unit where the manager is also the owner?
Sole Proprietorship
Who are considered the owners of a non-stock corporation?
Members
What does the term 'ethics' refer to?
The investigation of human actions' rightness or wrongness
What does 'morality' refer to?
The quality of rightness or wrongness of a particular action
Which act promulgated in 1960 is known as 'An Act to Ordain a Cooperative Code of the Philippines'?
R.A. 6938
What does an entrepreneur do?
Shifts economic resources to areas of higher productivity
How is a capitalist typically portrayed?
Greedy, unjust, manipulative, and selfish
Milton Friedman gained fame for advocating what idea?
The social responsibility of businesses to increase profits
True-blooded entrepreneurs differ from regular business persons in that they:
Actively contribute positively to society beyond capital investment
Paul F. Camenisch published an essay on:
Getting to the heart of the matter in business ethics
Henry Ford is famous for being:
The founder of a car manufacturing company
Test your knowledge of key concepts in business ethics with this review quiz focusing on definitions related to business, entrepreneurs, business persons, and capitalists.
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