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BBI2O Business Fundamentals Lesson 1 - Lesson 6 Quiz Flashcards | StudBud
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BBI2O Business Fundamentals Lesson 1 - Lesson 6 Quiz
What is a franchise?
What is a corporation?
BBI2O Business Fundamentals Lesson 1 - Lesson 6 Quiz
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A business quiz
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Questions
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Answers
1
What is a corporation?
Owned by two or more people
hybrid system, license a name and operating procedures
Owned by shareholders
Owned by one person
2
What is a franchise?
Owned by one person
Owned by two or more people
hybrid system, license a name and operating procedures
Owned by shareholders
3
What is a sole proprietorship?
hybrid system, license a name and operating procedures
Owned by shareholders
Owned by one person
Owned by two or more people
4
What is a partnership?
hybrid system, license a name and operating procedures
Owned by shareholders
Owned by two or more people
Owned by one person
5
What is a whistle blower?
Outcome of an action has moral consequences.
all provide behavioral rules
person must choose between one of two or more actions.
tell the public about what the company has done wrong
6
Concealing information is:
Exposing the confidential information of the company
allow someone to do something that is not usually allowed
Hiding important details from people
A trick or scheme used to get what you want
7
What is a non profit business?
These organizations do not seek profit as its primary motive
Doing something for you
Selling goods / products
A business that uses raw materials to make a finished good.
8
What is market equilibrium?
As price rise, quantity decrease
Producer and Consumer are not happy with price and quantity
Producer and Consumer are both happy with price and quantity
As price down, quantity decreases
9
What is an ethical dilemma?
person must choose between one of two or more actions.
all provide behavioral rules
Outcome of an action has moral consequences.
10
Why does the slope of the demand curve down and right?
As price rise, quantity decrease
As price rise, quantity rise
As price down, quantity decreases
11
Breaking Confidentiality is:
A trick or scheme used to get what you want
Hiding important details from people
allow someone to do something that is not usually allowed
Exposing the confidential information of the company
12
Deliberate Deception is:
Hiding important details from people
A trick or scheme used to get what you want
Exposing the confidential information of the company
allow someone to do something that is not usually allowed
13
What are morals, ethics and values?
Outcome of an action has moral consequences.
all provide behavioral rules
person must choose between one of two or more actions.
14
Bending the Rules is:
A trick or scheme used to get what you want
Hiding important details from people
allow someone to do something that is not usually allowed
Exposing the confidential information of the company
15
The three fundamental principles of CSR are:
Environment, Ethical, Profit
Social, Special, Environmental
Socially, Ethically, Envronmentally
Ethical, Money, Social
16
What is a retail business?
Doing something for you
Selling goods / products
These organizations do not seek profit as its primary motive
A business that uses raw materials to make a finished good.
17
What is a service business?
These organizations do not seek profit as its primary motive
Selling goods / products
A business that uses raw materials to make a finished good.
Doing something for you
18
The ethical dilemma problem solving table is?
Discuss the pros and cons of two different outcomes.
person must choose between one of two or more actions.
all provide behavioral rules
tell the public about what the company has done wrong
19
Why does the slope of the supply curve up and right?
As price rise, quantity decrease
As price rise, quantity rise
As price down, quantity rise
20
What is a surplus in the market?
Producer and Consumer are not happy with price and quantity
More demand than supply
Producer and Consumer are both happy with price and quantity
More supply than demand
21
What is a manufacturing business?
These organizations do not seek profit as its primary motive
A business that uses raw materials to make a finished good.
Selling goods / products
Doing something for you
22
What is a shortage in the market?
More demand than supply
Producer and Consumer are not happy with price and quantity
More supply than demand
Producer and Consumer are both happy with price and quantity
