Busi 1301 exam 1 - Study guides, Class notes & Summaries

Business Principles BUSI 1301 Exam 1 questions with verified answers

BUSI 1301 Business Principles Exam 1 review (key words to consider during exam prep) University of Houston

Business Principles BUSI 1301 Exam 1 questions with correct answers

Business - Answer Any activity that seeks to provide goods and services to others while operating at a profit. Entrepreneur - Answer A person who risks time and money to start and manage a business. Revenue - Answer The total amount of money a business takes in during a given period by selling goods and services. Profit - Answer The amount of money a business earns above and beyond what it spends for salaries and other expenses. Loss - Answer Occurs when a business's expenses a...

BBusiness - ANSWER-Any activity that seeks to provide goods and services to others while operating at a profit. Entrepreneur - ANSWER-A person who risks time and money to start and manage a business. Revenue - ANSWER-The total amount of money a business takes in during a given period by selling goods and services. Profit - ANSWER-The amount of money a business earns above and beyond what it spends for salaries and other expenses. Loss - ANSWER-Occurs when a business's expenses are m...

Tone at the top - ANSWER-ethical tone set by top management; Sarah is a manager who supports ethics and compliance at her company by clearly communicating company expectations for ethical behavior to all employees. Which of the following statements is true regarding business ethics and social responsibility? - ANSWER-Companies can be both profitable and socially responsible. Which of the following is true of how the mass media reports on the ethical conduct of businesses? - ANSWER-The ma...