Exam (elaborations)

BUS 101 Intro to Business Questions and Correct Answers | Latest Update

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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, t...

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Uploaded on October 4, 2024
Number of pages 62
Written in 2024/2025
Type Exam (elaborations)
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bus 101 intro to business questions and correct a
some global corporations are large enough to creat

Institution BUS 101
Course BUS 101

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Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025

BUS 101 Intro to Business Questions and
Correct Answers | Latest Update
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

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, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025

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.

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, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025

 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.

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, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025

 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.

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