BUSI 1301 Final Exam Questions & 100% correct Answers- Latest Test | Graded A+ | Passed
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Course
BUSI 1301
Institution
BUSI 1301
Products have tangible attributes only
Ξ -:- False
The goal of business activities is profit
Ξ -:- True
Nonprofit organization such as habitat for humanity do not engage in management, marketing, or
finance activities.
Ξ -:- False
Profit is what it cost to make and sell a product
Ξ -:-...
, E x c e l l e n c e i s k e y | 2 0 2 0 2 5 ~ P a g e |2
Ξ -:- responsibility
Which of the following is not a product?
Ξ -:- business proft
The goal of business is to earn
Ξ -:- a profit
Which of the following has been cited ass incidents fo unethical business activity recently?
Ξ -:- unfair competitive practices in the computer industry
Deceptive advertising of food and diet products
accounting fraud
Improper use of the internet
Which of the following statements is false?
Ξ -:- ethical issues are limited to for-profit organizations
What is business ethics?
Ξ -:- is a form of applied ethics or professional ethics that examines ethical principles
and moral or ethical problems that arise in a business environment
An ethical issue is an idnetfiable problem, situation, or opportunity that requires a person or
organization to choose from among several actions that may be evaluated as ethical or unethical.
Ξ -:- True
The best way to judge the ethics of a decision is to look at it from a manage's or employee's point of
view.
, E x c e l l e n c e i s k e y | 2 0 2 0 2 5 ~ P a g e |3
The size of the transaction, the history or personal relationships within the particular company, and
many other factors may determine whether a customer gift will be judged as ethical.
Ξ -:- True
Conflicts of interest are payments, gifts, or special favors intended to influence the outcome of a
decision.
Ξ -:- False
Ethics is related to the culture in which a business operates.
Ξ -:- True
The best way to judge the ethics of a decision is to
Ξ -:- look at the situation forms a customer's or competitor's viewpoint.
In the united states, if a business person brought an elaborately wrapped gift to a prospective client
on their first meeting, it might be viewed as
Ξ -:- a bribe
The Webb - pomerence export trade act allows selected american firms desiring international trade
to form monopolies to compete with foreign cartels.
Ξ -:- True
Protective tariffs raise the price of foreign goods to allow competition with more expensive
domestic goods.
Ξ -:- True
A common reason for esablishing quotas or tariffs is to prohibit dumping.
Ξ -:- True
Political considerations change slowly, while laws change rapidly.
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