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...
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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