BUS 2000 EXAM 1 (QUESTIONS &
ANSWERS) VERIFIED 100%
CORRECT!!
1 of
115
Term
What are the factors of production?
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Ethical decision making
Communication skills
Quantitative analytical skills
Information literacy competencies
Global business/management
, 1. Right to safety
2.Right to be informed
3. Right to choose
4. Right to be heard
1. Land
2.Labor
3.Capital
4. Entrepreneurship
5. Knowledge
1. Individual
2.Organizational
3. Environmental
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2 of 115
Definition
An economic policy under which nations sought to increase their
wealth and power by obtaining large amounts of gold and silver and
by selling more goods than they bought.
Maximize exports and minimize imports
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Socialism Capitalism
, Mercantilism Communism
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3 of 115
Term
What are the relationships (fair systems) in the context of
the business ethics framework?
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Fairness
Honesty 1. Rights/responsibilities (duties)
Timely action 2.Relationships (fair systems)
Appropriate compensation 3.Results (goals)
Corporate philanthropy 4. Reputation (virtues)
Focused on how you
1. Is my proposed action
interact with people and how
legal? (legal is not always
you treat others.
ethical)
2.Is it balanced? (it is fair)
ex. Employees being paid
3. How will it make me feel about
fairly based on workload;
myself?
systematic discrimination
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4 of 115
, Definition
enhanced forms of corporate philanthropy directly related to the
company's competencies
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social audit balance of payments
corporate social initiatives state capitalism
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5 of 115
Definition
is the contracting of other companies to do some or all of the
functions of the firm
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Globalization Productivity
Outsourcing Offshoring
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6 of 115
ANSWERS) VERIFIED 100%
CORRECT!!
1 of
115
Term
What are the factors of production?
Give this one a try later!
Ethical decision making
Communication skills
Quantitative analytical skills
Information literacy competencies
Global business/management
, 1. Right to safety
2.Right to be informed
3. Right to choose
4. Right to be heard
1. Land
2.Labor
3.Capital
4. Entrepreneurship
5. Knowledge
1. Individual
2.Organizational
3. Environmental
Don't know?
2 of 115
Definition
An economic policy under which nations sought to increase their
wealth and power by obtaining large amounts of gold and silver and
by selling more goods than they bought.
Maximize exports and minimize imports
Give this one a try later!
Socialism Capitalism
, Mercantilism Communism
Don't know?
3 of 115
Term
What are the relationships (fair systems) in the context of
the business ethics framework?
Give this one a try later!
Fairness
Honesty 1. Rights/responsibilities (duties)
Timely action 2.Relationships (fair systems)
Appropriate compensation 3.Results (goals)
Corporate philanthropy 4. Reputation (virtues)
Focused on how you
1. Is my proposed action
interact with people and how
legal? (legal is not always
you treat others.
ethical)
2.Is it balanced? (it is fair)
ex. Employees being paid
3. How will it make me feel about
fairly based on workload;
myself?
systematic discrimination
Don't know?
4 of 115
, Definition
enhanced forms of corporate philanthropy directly related to the
company's competencies
Give this one a try later!
social audit balance of payments
corporate social initiatives state capitalism
Don't know?
5 of 115
Definition
is the contracting of other companies to do some or all of the
functions of the firm
Give this one a try later!
Globalization Productivity
Outsourcing Offshoring
Don't know?
6 of 115
