Exam Questions with Answers for Ethical Guidelines in Business
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Course
Business commerce
Institution
Business Commerce
Business Ethics - Answers The moral principles, policies, and values that govern the way businesses and individuals engage in business activity.
Behaviour
Principle
Morality
Choice
Reliability
Trust
Responsibility
Relationship - Answers Terms that is related to business ethics
Socia...
Exam Questions with Answers for Ethical Guidelines in Business
Business Ethics - Answers The moral principles, policies, and values that govern the way businesses and
individuals engage in business activity.
Behaviour
Principle
Morality
Choice
Reliability
Trust
Responsibility
Relationship - Answers Terms that is related to business ethics
Social Responsibility - Answers The principle that, in addition to pursuing profit generation, corporations
should strive to act in a way that positively affects society and the world.
business - Answers The activity of buying and selling goods, manufacturing goods or providing services in
order to make profit. "
Business - Answers is an institution organized and operated to provide goods and services to society
under the incentives of private gain"- Wheeler B.O
profit- service, merchandising, and manufacturing businesses. - Answers Three types of business
organizations are generally operate ----, ----, and ----
Service businesses - Answers provide services to customers rather than products.
Merchandising businesses - Answers sell to customers products they buy from other businesses.
Manufacturing businesses turn basic inputs into products which are sold to consumers. - Answers turn
basic inputs into products which are sold to consumers.
Organization - - Answers a collection of people working together to achieve a common purpose.
Business Organization - Answers a collection of people working together to achieve a common purpose
in relation to their organization's mission, vision, goals, and objectives, sharing a common organizational
culture.
"business organization" - Answers The term "------" refers to how a business is structured.
, business organization - Answers It refers to a commercial or industrial enterprise and the people who
constitute it.
A firm - Answers is an ownership organization which combines the factors of production (men, material
and machines) in a plant for the purpose of producing goods or services and selling them at profit.
• Seperate identity
• Independent ownership
• Independent management
• Element of risk - Answers Characteristics of business organization
Private Enterprises
Co-operative Sector Enterprises
Public Sector Enterprises - Answers Types of Ownership
Sole Proprietorships Partnerships Corporations - Answers The three main forms of small business
ownership are:
Individual Ownership
Partnership
Corporation - Answers Private Enterprises includes ---, ---, and ----
Private Limited Company
Public Limited Company - Answers Corporation includes ---, and ---
Private Enterprises
Co-operative Sector Enterprises
Public Sector Enterprises - Answers Types of Ownership
Producers Co-operative Society
Housing Co-operative Society
Consumers Co-operative Society
Credit Co-operative Society - Answers Co-operative Sector Enterprises
Private Enterprises
Co-operative Sector Enterprises
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