Podcast
Questions and Answers
What is the primary objective of most businesses?
What is the primary objective of most businesses?
- Provide services to customers
- Change basic inputs into products
- Earn a profit (correct)
- Sell products purchased from other businesses
In which type of business organization do all partners share the profits and liabilities?
In which type of business organization do all partners share the profits and liabilities?
- Manufacturing Business
- Service Business
- Sole Proprietorship
- Partnership (correct)
Which type of business organization changes basic inputs into products sold to customers?
Which type of business organization changes basic inputs into products sold to customers?
- Manufacturing Business (correct)
- Service Business
- Merchandising Business
- Sole Proprietorship
What is the first step in starting a business according to the text?
What is the first step in starting a business according to the text?
Which type of business organization provides services rather than products to customers?
Which type of business organization provides services rather than products to customers?
What does a Merchandising Business do?
What does a Merchandising Business do?
What are the 4 main reasons that may persuade a business to act ethically?
What are the 4 main reasons that may persuade a business to act ethically?
What is the area in business mentioned as most in need of ethical attention?
What is the area in business mentioned as most in need of ethical attention?
Which of the following is NOT a core principle of good corporate governance according to the text?
Which of the following is NOT a core principle of good corporate governance according to the text?
What is the concept that involves the mental ability to analyze and diagnose complex situations?
What is the concept that involves the mental ability to analyze and diagnose complex situations?
What is the term used for the act of an employee disclosing unethical or illegal behavior to higher management?
What is the term used for the act of an employee disclosing unethical or illegal behavior to higher management?
What is the quality that involves making judgments free from discrimination and stems from the old English word 'faeger' meaning pleasing or attractive?
What is the quality that involves making judgments free from discrimination and stems from the old English word 'faeger' meaning pleasing or attractive?
