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BUS 101 Intro To Business Exam Questions And Answers
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BUS 101 Intro To Business Exam Questions And AnswersSome global corporations are big enough to have significant impacts on the external
environment. -Answer False
If the firm wants employees to take ethical training seriously, the training should not
include any games. -Answer False
The philosophy of utilitarianism is used to explain why restaurants, theaters, and hotels
should make themselves handicapped accessible. -Answer False
Business owners and managers have considerable control over the internal
environment of the business, which includes the day-to-day business decisions. - True
Which of the following has a high standard of living? - United States
Which of the following would not be an example of a good that would be sold in a
department store? - The advice of a wedding planner
Human rights include a right of the individual to life, to freedom and to the pursuit of
happiness. - True
All businesses approach ethics the same. - 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 if an
action is right or wrong. As such, this philosophy purports that an action that affects the
majority adversely is morally wrong. - Answer Utilitarianism
Utilitarianism is best described by which of the following statements? - Answer
Utilitarianism is designed to create both winners and losers.
Which of the following businesses provides its customers with a service? - Answer a law
office
People who combine natural resources, labor, and capital in a profitable venture are
called entrepreneurs. - Answer True
Ethical decision making begins in the marketing department - Answer False
A business is an organization that strives for a profit by providing goods and services
desired by its customers. - Answer True
Its economic responsibility is the most basic responsibility of all businesses. -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 happened to be a popular hangout for many
Bedford College students. However, due to the owner not having the ability 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: - Answer 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, no matter what the
economic system. - True
Training programs in ethics generally teach how to disguise unethical behavior and not
how to avoid unethical behavior. - False
This is the distributive process whereby the burdens and rewards that society has to
offer are shared varied from society to society. - Answer True
Lots of people consider knowledge as a fifth factor of production - Answer True
For a code to be a useful code of ethics, the code should not offer detailed rules but
broad policies and procedures. - Answer False
Which of the following statements about utilitarianism is true? - Answer 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. - Answer False
In the 21st century, we define justice as: - Answer an equitable distribution of the
burdens and rewards that society has to offer
Standard of living in any country is: - Answer measured by the output of goods and
services people can buy with the money they have
Utilitarianism: - Answer tough to implement due to the fact that it is hard to tell how one
decision will impact a large number of people
, As a factor of production, capital includes money. - Answer False
c. The major difference between a good and a service pertains to the way in which the
factors of production are used by the producer in making each. - Answer False
What is the major difference between a good and a service? - Answer A good is tangible,
and a service is intangible.
_____ is best described as the set of moral standards that enables one to make a
judgment about whether an action is right or wrong. - Answer Ethics
Criticism of the post-apartheid government of South Africa suggests that the new
government has not extended freedoms to its black majority, instead devoting its
energies to showing its white minority that a black-run government can manage a
reasonably sophisticated economy and society. The belief that the new South African
government is acting immorally is a statement of the philosophy identified with: - Answer
Utilitarianism
Which of the following is the best example of a service? - Answer the pleasure you
derive from seeing a good play
Summer Dean was walking through the mall and found a gym bag lying on the ground.
The decision Dean must make as to whether to keep the gym bag and its contents for
herself or turn it into the mall's lost and found department involves: - Answer ethics
Another factor affecting business ethics is ____, or what is fair according to the
prevailing standards of society. - Answer justice
Which of the following is the best example of a good? - Answer the birthday candles you
bought to go on your sister's birthday cake
The Blue Bird Bus Company in Georgia sells buses to the South African government. To
South Africa they are an example of: - Answer imports
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