BUSI 1301 FINAL EXAM CORRECT
QUESTIONS & ANSWERS(RATED A+)
Products have tangible attributes only - ANSWER False
The goal of business activities is profit - ANSWER True
Nonprofit organization such as habitat for humanity do not engage in management,
marketing, or finance activities. - ANSWER False
Profit is what it cost to make and sell a product - ANSWER False
Businesses have the right to keep and use their profits as they choose, without
limitations. - ANSWER False
Businesses differ from nonprofit organizations in that a business's focus is on -
ANSWER profit
When purchasing a product, the consumer is actually buying its anticipated benefits and
- ANSWER satisfaction
If a business is to be successful in the long run, it must treat its customers, employees,
and community with social - ANSWER responsibility
Which of the following is not a product? - ANSWER business proft
The goal of business is to earn - ANSWER a profit
Which of the following has been cited ass incidents fo unethical business activity
recently? - ANSWER unfair competitive practices in the computer industry
Deceptive advertising of food and diet products
accounting fraud
Improper use of the internet
Which of the following statements is false? - ANSWER ethical issues are limited to for-
profit organizations
What is business ethics? - ANSWER is a form of applied ethics or professional ethics
that examines ethical principles and moral or ethical problems that arise in a business
environment
An ethical issue is an idnetfiable problem, situation, or opportunity that requires a
person or organization to choose from among several actions that may be evaluated as
ethical or unethical. - ANSWER True
, The best way to judge the ethics of a decision is to look at it from a manage's or
employee's point of view. - ANSWER False
The most popular use of the internet in the U.S.is the communication or e-mail -
ANSWER True
The global information system that links many computer networks together is known as
- ANSWER the internet
The internet is - ANSWER the global information system that links many computer
networks together
The collection of interconnected websites or "pages" of text, graphics, audio, and video
with on the internet is known a the - ANSWER World Wide Web.
The largest expected growth in internet use through 2005 is in - ANSWER Asian-
speaking countries.
How many businesses are running some type of intranet? - ANSWER over half
A network of computers that permits selected companies to access the same
information and may allow managers in various organizations to collaborate and
communicate about the information is an - ANSWER extranet.
which of the following is the most popular use of the internet in the united states -
ANSWER E-Mail
which of the following is not considered one of the main uses of the internet? -
ANSWER delivery
the process which allows users to carry on one or more real-time conversations
simultaneously is known as - ANSWER instant messaging.
another often used name for a stock holder is - ANSWER shareholder
corporations distribute profits to their owners in the form of - ANSWER dividends
all of the follwoing would likely be found in a company's articles of incorporation except -
ANSWER expected profitability of the corporation
in creating a corporation, once the articles of incorporation are filed with the appropriate
state office, the state may then issue a - ANSWER corporate charter
QUESTIONS & ANSWERS(RATED A+)
Products have tangible attributes only - ANSWER False
The goal of business activities is profit - ANSWER True
Nonprofit organization such as habitat for humanity do not engage in management,
marketing, or finance activities. - ANSWER False
Profit is what it cost to make and sell a product - ANSWER False
Businesses have the right to keep and use their profits as they choose, without
limitations. - ANSWER False
Businesses differ from nonprofit organizations in that a business's focus is on -
ANSWER profit
When purchasing a product, the consumer is actually buying its anticipated benefits and
- ANSWER satisfaction
If a business is to be successful in the long run, it must treat its customers, employees,
and community with social - ANSWER responsibility
Which of the following is not a product? - ANSWER business proft
The goal of business is to earn - ANSWER a profit
Which of the following has been cited ass incidents fo unethical business activity
recently? - ANSWER unfair competitive practices in the computer industry
Deceptive advertising of food and diet products
accounting fraud
Improper use of the internet
Which of the following statements is false? - ANSWER ethical issues are limited to for-
profit organizations
What is business ethics? - ANSWER is a form of applied ethics or professional ethics
that examines ethical principles and moral or ethical problems that arise in a business
environment
An ethical issue is an idnetfiable problem, situation, or opportunity that requires a
person or organization to choose from among several actions that may be evaluated as
ethical or unethical. - ANSWER True
, The best way to judge the ethics of a decision is to look at it from a manage's or
employee's point of view. - ANSWER False
The most popular use of the internet in the U.S.is the communication or e-mail -
ANSWER True
The global information system that links many computer networks together is known as
- ANSWER the internet
The internet is - ANSWER the global information system that links many computer
networks together
The collection of interconnected websites or "pages" of text, graphics, audio, and video
with on the internet is known a the - ANSWER World Wide Web.
The largest expected growth in internet use through 2005 is in - ANSWER Asian-
speaking countries.
How many businesses are running some type of intranet? - ANSWER over half
A network of computers that permits selected companies to access the same
information and may allow managers in various organizations to collaborate and
communicate about the information is an - ANSWER extranet.
which of the following is the most popular use of the internet in the united states -
ANSWER E-Mail
which of the following is not considered one of the main uses of the internet? -
ANSWER delivery
the process which allows users to carry on one or more real-time conversations
simultaneously is known as - ANSWER instant messaging.
another often used name for a stock holder is - ANSWER shareholder
corporations distribute profits to their owners in the form of - ANSWER dividends
all of the follwoing would likely be found in a company's articles of incorporation except -
ANSWER expected profitability of the corporation
in creating a corporation, once the articles of incorporation are filed with the appropriate
state office, the state may then issue a - ANSWER corporate charter
