BUSI 1301 FINAL EXAM UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Question:
1. Products have tangible attributes only
Answer:
False
Question:
2. The goal of business activities is profit
Answer:
True
Question:
3. Nonprofit organization such as habitat for humanity do
not engage in management, marketing, or finance
activities.
Answer:
False
Question:
4. Profit is what it cost to make and sell a product
Answer:
False
Question:
5. Businesses have the right to keep and use their profits as
they choose, without limitations.
Answer:
False
Question:
6. Businesses differ from nonprofit organizations in that a
business's focus is on
Answer:
profit
, Question:
7. When purchasing a product, the consumer is actually
buying its anticipated benefits and
Answer:
satisfaction
Question:
8. If a business is to be successful in the long run, it must
treat its customers, employees, and community with
social
Answer:
responsibility
Question:
9. Which of the following is not a product?
Answer:
business proft
Question:
10. The goal of business is to earn
Answer:
a profit
Question:
11. 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
Question:
12. Which of the following statements is false?
Answer:
ethical issues are limited to for-profit organizations
Question:
13. 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
QUESTIONS AND CORRECT ANSWERS
Question:
1. Products have tangible attributes only
Answer:
False
Question:
2. The goal of business activities is profit
Answer:
True
Question:
3. Nonprofit organization such as habitat for humanity do
not engage in management, marketing, or finance
activities.
Answer:
False
Question:
4. Profit is what it cost to make and sell a product
Answer:
False
Question:
5. Businesses have the right to keep and use their profits as
they choose, without limitations.
Answer:
False
Question:
6. Businesses differ from nonprofit organizations in that a
business's focus is on
Answer:
profit
, Question:
7. When purchasing a product, the consumer is actually
buying its anticipated benefits and
Answer:
satisfaction
Question:
8. If a business is to be successful in the long run, it must
treat its customers, employees, and community with
social
Answer:
responsibility
Question:
9. Which of the following is not a product?
Answer:
business proft
Question:
10. The goal of business is to earn
Answer:
a profit
Question:
11. 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
Question:
12. Which of the following statements is false?
Answer:
ethical issues are limited to for-profit organizations
Question:
13. 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
