Exam (elaborations)

BUS 101 Intro to Business study guide

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Course
BUS 101

Institution
BUS 101

Some global corporations are large enough to create major changes in the external environment. - False If the company wants employees to take ethical training seriously, the training should not include games. - False The philosophy of utilitarianism is used to explain why restaurants, theater...

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bus 101 intro to business
bus 101 intro to business study guide

Institution BUS 101
Course BUS 101

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BUS 101 Intro to Business study guide
Some global corporations are large enough to create major changes in the external
environment. - False

If the company wants employees to take ethical training seriously, the training
should not include games. - False

The philosophy of utilitarianism is used to explain why restaurants, theaters, and
hotels should make themselves handicapped accessible. - False

Business owners and managers have a great deal of control over the internal
environment of business, which covers the day-to-day business decisions. - True

Which of the following countries has a high standard of living? - the United States

Which of the following is not an example of a good that would be sold in a
department store? - the advice of a wedding planner

Human rights include an individual's right to life, to freedom, and to the pursuit of
happiness. - True

All businesses approach ethics the same way. - False

Which of the following is an example of a business? - All of the above

Which of the following businesses provides its customers with a good? - bicycle
manufacturer

,_____ is a philosophy that focuses on the consequences of an action to determine
whether it is right or wrong. This philosophy holds that an action that affects the
majority adversely is morally wrong. - Utilitarianism

Which of the following statements about utilitarianism is true? - Utilitarianism is
designed to create both winners and losers.

Which of the following businesses provides its customers with a service? - a law
office

People who combine natural resources, labor, and capital in a profitable venture are
called entrepreneurs. - True

Ethical decision making begins in the marketing department - False

A business is an organization that strives for a profit by providing goods and
services desired by its customers. - True

The most basic responsibility of all businesses is its economic responsibility. - True

The _____ of any country is measured by the output of goods and services people
can buy with the money they have. - standard of living

Mamma's Diner was a small restaurant that was a popular hangout for many
Bedford College students, but because of the owner's inability to make the
bathroom stalls handicapped accessible for the one wheel-chair student on campus,
it was forced to close down. The belief that this it was morally wrong to deprive

,the majority of the people of this experience is an expression of the philosophy
associated with: - utilitarianism

Social responsibility is a voluntary obligation. - True

Not-for-profit organizations have the same goals as for-profit organizations. - False

Factors of production are common to all productive activities, regardless of the
economic system. - True

Ethics training programs typically teach how to disguise unethical behavior and not
how to avoid unethical behavior. - False

The distributive process by which the burdens and rewards that society has to offer
are shared varies from society to society. - True

Many people consider knowledge to be a fifth factor of production - True

To be a useful code of ethics, the code should offer broad policies and procedures
rather than detailed rules. - False

Which of the following statements about utilitarianism is true? - Utilitarianism
holds that an action that affects the majority adversely is morally wrong

Labor, as a factor of production, relates only to the production of manufactured
goods; services are not included. - False

, In the 21st century, we define justice as: - an equitable distribution of the burdens
and rewards that society has to offer

The standard of living in any country is: - measured by the output of goods and
services people can buy with the money they have

Utilitarianism: - is difficult to implement because it is hard to tell how one decision
will impact a large number of people

As a factor of production, capital includes money. - False

The major difference between a good and a service is how the producer uses the
factors of production to create each. - False

What is the primary difference between a good and a service? - A good is tangible,
and a service is intangible.

_____ is the set of moral standards for judging whether something is right or
wrong. - Ethics

Criticism of South Africa's post-apartheid government contends that the new
government has not extended liberties to its black majority population, but has
instead concentrated on proving to a white minority that a black-run administration
can govern a reasonably sophisticated economy and society. The belief that the
new South African government is behaving unethically is an expression of the
philosophy associated with: - Utilitarianism

Which of the following is the best example of a service? - the pleasure you derive
from seeing a good play

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