Podcast
Questions and Answers
What is the main characteristic of a profession?
What is the main characteristic of a profession?
- Specialized services in exchange for fees (correct)
- Providing goods for profit
- Production and distribution of goods
- Generating employment opportunities
Which term refers to an individual providing services to someone else in exchange for a salary or wage?
Which term refers to an individual providing services to someone else in exchange for a salary or wage?
- Business owner
- Employee (correct)
- Professional
- Employer
What is the main aim of business as an economic activity?
What is the main aim of business as an economic activity?
- To acquire goods
- To earn profit (correct)
- To provide specialized services
- To generate employment
Which of the following is NOT a characteristic of business as an economic activity?
Which of the following is NOT a characteristic of business as an economic activity?
Why is ethics important in business?
Why is ethics important in business?
What differentiates a professional from an employee in terms of services provided?
What differentiates a professional from an employee in terms of services provided?
What are the two double-purpose intentions that every individual lives with?
What are the two double-purpose intentions that every individual lives with?
Which type of profit is related to gains of property?
Which type of profit is related to gains of property?
What is the primary way to flourish according to the text?
What is the primary way to flourish according to the text?
Which term is used in the text to describe a gain in health and fitness?
Which term is used in the text to describe a gain in health and fitness?
What is considered moral profit?
What is considered moral profit?
Why do some people assert that money may unmake the lives of others according to the text?
Why do some people assert that money may unmake the lives of others according to the text?
What is the nature of business according to Urwick and Hunt?
What is the nature of business according to Urwick and Hunt?
What is the main purpose of economic activities as described in the text?
What is the main purpose of economic activities as described in the text?
What does 'nature of business' refer to in the context of the text?
What does 'nature of business' refer to in the context of the text?
Why do individuals engage in economic activities?
Why do individuals engage in economic activities?
Which statement best describes the relationship between man's wants and economic activities?
Which statement best describes the relationship between man's wants and economic activities?
How does the text define 'economic activity'?
How does the text define 'economic activity'?
What does Business Ethics support in terms of profit making?
What does Business Ethics support in terms of profit making?
In the context of Business Ethics, what is Culture primarily defined as?
In the context of Business Ethics, what is Culture primarily defined as?
What is the key belief in Religion that influences Business Ethics?
What is the key belief in Religion that influences Business Ethics?
Which of the following is NOT supported by Business Ethics in business activities?
Which of the following is NOT supported by Business Ethics in business activities?
How does Business Ethics view the idea of exploiting investors?
How does Business Ethics view the idea of exploiting investors?
From the sources of Business Ethics mentioned, what is the primary focus of Culture?
From the sources of Business Ethics mentioned, what is the primary focus of Culture?
What are the two ways mentioned in the text through which a man can generate profits?
What are the two ways mentioned in the text through which a man can generate profits?
What kind of system does the text suggest is necessary for a man to flourish freely in obtaining profit?
What kind of system does the text suggest is necessary for a man to flourish freely in obtaining profit?
What is the meaning of arbitrage opportunity as described in the text?
What is the meaning of arbitrage opportunity as described in the text?
What principle is used to justify the importance of profit for Christians?
What principle is used to justify the importance of profit for Christians?
How does the text describe the role of laissez-faire capitalism in profit-seeking activities?
How does the text describe the role of laissez-faire capitalism in profit-seeking activities?
What is highlighted as a requirement for a man to act in his best interest and flourish up to his ceiling?
What is highlighted as a requirement for a man to act in his best interest and flourish up to his ceiling?
