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Business Principles Modules 1 & 2 Flashcards | StudBud
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Business Principles Modules 1 & 2
Business Principles Modules 1 & 2
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Flashcards
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1
The chance an entrepreneur takes of losing time and money on a business that may not prove profitable is
Profit
Downsizing
Loss
Risk
2
Ethics codes can be classified into two major categories
Majority Based
Compliance Based
Popular Vote
Integrity Based
3
What is instilled by the leadership and an example of strong top managers?
Golf Game
Meetings
Ethics
Corporate Values
4
Businesses are responsible for promoting Social Justice
True
False
5
Which country has one of the highest standard of living?
United States
Russia
Germany
Japan
6
Money a business earns above and beyond what it pays out for salaries and other expenses is
revenue
sales
profit
loss
7
An
entrepreneur is
a person who invests in companies
a person who plays a sport
a person who risks time and money to start a business
a person who plays music
8
The concern businesses have for the welfare of society is
Morals
Corporate beliefs
Ethics
Corporate Social Responsibility
9
Something that is ethical is always legal.
True
False
10
Who acts as a watchdog for companies to ensure they are acting socially responsible and ethical?
Union Officials
Environmentalists
Investors
Customers
11
NAFTA stands for
North American False Trade Agreement
North American Free Trade Agreement
North American Freedom Trail Agreement
North American Fair Trade Agreement
12
Quality of Life is
Being married
general well-being of a society
A fun life
Having kids
13
A business is
To play a sport
an easy project to get an A
An opportunity to learn something new
An activity that seeks profit
14
Which one is NOT an Environmental factors are key to business growth and job creation
Education
Global Business
Economy
Technology
15
The social performance of a company has these dimensions
Corporate Philanthropy
Corporate Responsibility
Make a profit
Corporate Policy
16
Money a business earns by selling goods and services is
Revenue
Loss
Profit
Sales
17
Laying off or letting go of some workers or managers to make a business more efficient is
minimizing
creating
downplaying
downsizing
18
Ethics in business is
Always doing what the customer wants
Always doing the right thing
Understanding what other businesses want
standards of moral behavior accepted as right versus wrong
19
When a business's costs and expenses are more than its revenues is
Loss
Profit
Downward
Missing money
20
Systematic evaluation of an organization's progress toward implementing programs that are socially responsible.
Corporate Resonsiveness
Corporate Audit
Social Audit
Social Responsiveness
21
Standard of Living is
How people live
Expectations of living
Where people live
goods and services people can buy
