INTRO TO BUSINESS BOARD EVALUATION GUARANTEED PASS UPDATED ACTUAL EXAM
QUESTIONS CORRECT ANSWERS GRADED A PLUS
● The four resources that a business must use to operate successfully
include material resources, human resources, financial resources, and
operational resources. Answer: False
● Employees have an easier time determining what is acceptable
behavior if their company provides them with a code of ethics. Answer:
True
● The Sarbanes-Oxley Act of 2002 deals with corporate responsibility,
conflicts of interest, and corporate accountability. Answer: True
● Consumerism consist of all activities undertaken to protect the rights
of consumers. Answer: True
● Within a firm, social responsibility begins with managements attitude.
Answer: True
● Economics is the study of how wealth is created and distributed.
Answer: True
, ● Specialization is meant to increase the efficiency and productivity of
industrial workers. Answer: True
● An ethical decision or action is one that is right according to some
standard of behavior. Answer: True
● Adam Smith develop the concept of the invisible hand to explain how
all economic activity should be based on a nations needs and not the
individuals needs. Answer: False
● Which of the following is not a feature of Alisse's faire capitalism.
Answer: Guaranteed Income
● Mark Zuckerberg Internet.org program that helps bring Internet
access to underserved communities in various parts of the world is an
example of. Answer: Social responsibility
● During which stage of the business cycle would a company such as
3M begin to focus on being more value conscious and its production
decisions. Answer: Recession
● The organized effort of individuals to produce and sell, for a profit,
the goods and services that satisfy society's needs is called. Answer:
Business
QUESTIONS CORRECT ANSWERS GRADED A PLUS
● The four resources that a business must use to operate successfully
include material resources, human resources, financial resources, and
operational resources. Answer: False
● Employees have an easier time determining what is acceptable
behavior if their company provides them with a code of ethics. Answer:
True
● The Sarbanes-Oxley Act of 2002 deals with corporate responsibility,
conflicts of interest, and corporate accountability. Answer: True
● Consumerism consist of all activities undertaken to protect the rights
of consumers. Answer: True
● Within a firm, social responsibility begins with managements attitude.
Answer: True
● Economics is the study of how wealth is created and distributed.
Answer: True
, ● Specialization is meant to increase the efficiency and productivity of
industrial workers. Answer: True
● An ethical decision or action is one that is right according to some
standard of behavior. Answer: True
● Adam Smith develop the concept of the invisible hand to explain how
all economic activity should be based on a nations needs and not the
individuals needs. Answer: False
● Which of the following is not a feature of Alisse's faire capitalism.
Answer: Guaranteed Income
● Mark Zuckerberg Internet.org program that helps bring Internet
access to underserved communities in various parts of the world is an
example of. Answer: Social responsibility
● During which stage of the business cycle would a company such as
3M begin to focus on being more value conscious and its production
decisions. Answer: Recession
● The organized effort of individuals to produce and sell, for a profit,
the goods and services that satisfy society's needs is called. Answer:
Business
