BUS 410 Test 1 Review UPDATED
ACTUAL Exam Questions and CORRECT
Answers
Chapter 1 - CORRECT ANSWER -
amoral managers (p. 24) - CORRECT ANSWER -do not believe ethics applies to
business, or they just don't think about ethics when it comes to their behavior and making
decisions.
business (p. 7) - CORRECT ANSWER -a firm that sells a product for a profit. A product
may be a good, a service, or both.
business ethics (p. 25) - CORRECT ANSWER -is the application of ethics to issues that
arise in business.
ethics (p. 24) - CORRECT ANSWER -is the moral standard of right and wrong that
influences behavior.
cheating (p. 24) - CORRECT ANSWER -is breaking rules.
government (p. 7) - CORRECT ANSWER -includes the executive, legislative, and judicial
branches at the local, county, state, federal, and international levels.
honesty (p. 24) - CORRECT ANSWER -indicates a tendency not to lie, cheat, or steal.
legal environment (p. 15) - CORRECT ANSWER -the judicial branch of government.
, lying (p. 24) - CORRECT ANSWER -is making statements that one knows to be false or
misleading.
market environment (p. 11) - CORRECT ANSWER -includes owners, employees,
suppliers, customers, and competitors.
market strategies (p. 20) - CORRECT ANSWER -are used to compete for customers with
the help of suppliers.
nonmarket environment (p. 14) - CORRECT ANSWER -which includes interactions with
society and government.
moral management (p. 24) - CORRECT ANSWER -includes moral, immoral, and amoral
managers.
nonmarket society environment (p. 14) - CORRECT ANSWER -interest groups and
communities and the news media.
political environment (p. 15) - CORRECT ANSWER -political environment includes the
executive and legislative branches of government;
nonmarket strategies (p. 20) - CORRECT ANSWER -guide the firm's interactions with
society and government stakeholders.
product (p. 7) - CORRECT ANSWER -may be a good, a service, or both.
public sentiment (p. 15) - CORRECT ANSWER -The collective community develops
public sentiment in favor of or against business, which influences business, societal interest
groups, and government to take or not take specific action.
ACTUAL Exam Questions and CORRECT
Answers
Chapter 1 - CORRECT ANSWER -
amoral managers (p. 24) - CORRECT ANSWER -do not believe ethics applies to
business, or they just don't think about ethics when it comes to their behavior and making
decisions.
business (p. 7) - CORRECT ANSWER -a firm that sells a product for a profit. A product
may be a good, a service, or both.
business ethics (p. 25) - CORRECT ANSWER -is the application of ethics to issues that
arise in business.
ethics (p. 24) - CORRECT ANSWER -is the moral standard of right and wrong that
influences behavior.
cheating (p. 24) - CORRECT ANSWER -is breaking rules.
government (p. 7) - CORRECT ANSWER -includes the executive, legislative, and judicial
branches at the local, county, state, federal, and international levels.
honesty (p. 24) - CORRECT ANSWER -indicates a tendency not to lie, cheat, or steal.
legal environment (p. 15) - CORRECT ANSWER -the judicial branch of government.
, lying (p. 24) - CORRECT ANSWER -is making statements that one knows to be false or
misleading.
market environment (p. 11) - CORRECT ANSWER -includes owners, employees,
suppliers, customers, and competitors.
market strategies (p. 20) - CORRECT ANSWER -are used to compete for customers with
the help of suppliers.
nonmarket environment (p. 14) - CORRECT ANSWER -which includes interactions with
society and government.
moral management (p. 24) - CORRECT ANSWER -includes moral, immoral, and amoral
managers.
nonmarket society environment (p. 14) - CORRECT ANSWER -interest groups and
communities and the news media.
political environment (p. 15) - CORRECT ANSWER -political environment includes the
executive and legislative branches of government;
nonmarket strategies (p. 20) - CORRECT ANSWER -guide the firm's interactions with
society and government stakeholders.
product (p. 7) - CORRECT ANSWER -may be a good, a service, or both.
public sentiment (p. 15) - CORRECT ANSWER -The collective community develops
public sentiment in favor of or against business, which influences business, societal interest
groups, and government to take or not take specific action.
