BUSI 1301 Business Principles Final Exam
tips for December 2024 prep (questions
and answer) University of Houston
, Products have tangible attributes only - answer False
The goal of business activities is profit - answer True
Nonprofit organization such as habitat for humanity do not engage in management, marketing, or
finance activities. - answer False
Profit is what it cost to make and sell a product - answer False
Businesses have the right to keep and use their profits as they choose, without limitations. - answer
False
Businesses differ from nonprofit organizations in that a business's focus is on - answer profit
When purchasing a product, the consumer is actually buying its anticipated benefits and - answer
satisfaction
If a business is to be successful in the long run, it must treat its customers, employees, and community
with social - answer responsibility
Which of the following is not a product? - answer business proft
The goal of business is to earn - answer a profit
Which of the following has been cited ass incidents fo unethical business activity recently? - answer
unfair competitive practices in the computer industry
Deceptive advertising of food and diet products
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