Intro to Business LATEST
UPDATED 2025/2026 Exam 1 WITH
COMPLETE Questions & SURE
VERIFIED SOLUTIONS 100%
GRADED AT A+ SCORE!! SURE
GUARANTEED PASS!!
1. What is the primary focus of a profit organization? - ANSWER ✔
To make a profit.
2. What are the four functions of management? - ANSWER ✔
Planning, organizing, controlling, and leading
3. What is the primary reason for the Sarbanes-Oxley Act? -
ANSWER ✔ help restore confidence in corporate America by the
public
4. How should someone determine the best way to handle an ethical
decision? - ANSWER ✔ Look through the viewpoint of
stakeholders
, 5. What is conflict of interest? - ANSWER ✔ Most common ethical
issue identified by employees. Put own interest before interest of
customer.
6. What is a code of ethics? - ANSWER ✔ Formalized rules and
standards that describe what a company expects of it's employees
7. What is plagiarism? - ANSWER ✔ The act of taking come else's
work and presenting it as your own without mentioning the source
8. What is whistleblowing? - ANSWER ✔ The act of an employee
exposing an employer's wrongdoing to outsiders, such as the media
or government regulatory agencies.
9. Studies indicate that organizations that are profitable also practice
________. - ANSWER ✔ Social Responsibility
10. What are the factors of production used to make goods and
services? - ANSWER ✔ quality products, efficient operations,
social responsibility, and business ethics.
11. What is Communism? - ANSWER ✔ Owned and operated
by by government. No competition, the government owns and
operates everything. Excess income goes to the government.
Consumers have limited choice of goods and services, prices
UPDATED 2025/2026 Exam 1 WITH
COMPLETE Questions & SURE
VERIFIED SOLUTIONS 100%
GRADED AT A+ SCORE!! SURE
GUARANTEED PASS!!
1. What is the primary focus of a profit organization? - ANSWER ✔
To make a profit.
2. What are the four functions of management? - ANSWER ✔
Planning, organizing, controlling, and leading
3. What is the primary reason for the Sarbanes-Oxley Act? -
ANSWER ✔ help restore confidence in corporate America by the
public
4. How should someone determine the best way to handle an ethical
decision? - ANSWER ✔ Look through the viewpoint of
stakeholders
, 5. What is conflict of interest? - ANSWER ✔ Most common ethical
issue identified by employees. Put own interest before interest of
customer.
6. What is a code of ethics? - ANSWER ✔ Formalized rules and
standards that describe what a company expects of it's employees
7. What is plagiarism? - ANSWER ✔ The act of taking come else's
work and presenting it as your own without mentioning the source
8. What is whistleblowing? - ANSWER ✔ The act of an employee
exposing an employer's wrongdoing to outsiders, such as the media
or government regulatory agencies.
9. Studies indicate that organizations that are profitable also practice
________. - ANSWER ✔ Social Responsibility
10. What are the factors of production used to make goods and
services? - ANSWER ✔ quality products, efficient operations,
social responsibility, and business ethics.
11. What is Communism? - ANSWER ✔ Owned and operated
by by government. No competition, the government owns and
operates everything. Excess income goes to the government.
Consumers have limited choice of goods and services, prices
