BUSI 1301 Final Exam Questions & Answers.
Products have tangible attributes only - CORRECT ANSWER False
The goal of business activities is profit - CORRECT ANSWER True
Nonprofit organization such as habitat for humanity do not engage in management, marketing, or finance activities. - COR...
BUSI 1301 Final Exam Questions &
Answers.
Products have tangible attributes only - CORRECT ANSWER False
The goal of business activities is profit - CORRECT ANSWER True
Nonprofit organization such as habitat for humanity do not engage in management, marketing, or
finance activities. - CORRECT ANSWER False
Profit is what it cost to make and sell a product - CORRECT ANSWER False
Businesses have the right to keep and use their profits as they choose, without limitations. - CORRECT
ANSWER False
Businesses differ from nonprofit organizations in that a business's focus is on - CORRECT ANSWER profit
When purchasing a product, the consumer is actually buying its anticipated benefits and - CORRECT
ANSWER satisfaction
If a business is to be successful in the long run, it must treat its customers, employees, and community
with social - CORRECT ANSWER responsibility
Which of the following is not a product? - CORRECT ANSWER business proft
The goal of business is to earn - CORRECT ANSWER a profit
Which of the following has been cited ass incidents fo unethical business activity recently? - CORRECT
ANSWER 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? - CORRECT ANSWER ethical issues are limited to for-profit
organizations
What is business ethics? - CORRECT ANSWER 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. -
CORRECT ANSWER 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. - CORRECT ANSWER False
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. - CORRECT
ANSWER True
Conflicts of interest are payments, gifts, or special favors intended to influence the outcome of a
decision. - CORRECT ANSWER False
Ethics is related to the culture in which a business operates. - CORRECT ANSWER True
The best way to judge the ethics of a decision is to - CORRECT ANSWER 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 - CORRECT ANSWER a bribe
The Webb - pomerence export trade act allows selected american firms desiring international trade to
form monopolies to compete with foreign cartels. - CORRECT ANSWER True
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