Business Essentials Final Exam Review Exam
Questions With Correct Answers
Tayshaun |acts |with |honesty |in |all |situations. |He |is |demonstrating: |- |CORRECT |ANSWER✔✔-
integrity
XYZ |Company |is |always |upfront |about |the |financial |situation |of |the |company. |- |CORRECT |
ANSWER✔✔-Which |is |a |way |to |show |transparency?
Piper |looks |up |to |her |new |boss |and |tries |to |learn |from |her |behavior |as |much |as |possible. |
However, |Piper |knows |that |some |of |her |boss's |actions |are |unethical. |Piper |is |uncertain |
whether |she |should |follow |her |boss's |example. |Which |ethical |dilemma |is |Piper |facing? |- |
CORRECT |ANSWER✔✔-a |bad |role |model
Which |question |should |one |ask |himself/herself |to |determine |whether |one |is |facing |a |true |
ethical |dilemma? |- |CORRECT |ANSWER✔✔-Could |someone |be |hurt |by |the |actions?
Jasmine |thinks |it |is |OK |to |steal |a |few |things |from |work. |Which |ethical |principle |would |help |her
|realize |that |the |long-term |repercussions |of |her |actions |could |create |an |ethical |dilemma? |- |
CORRECT |ANSWER✔✔-Trustworthiness
Shayla |is |not |breaking |any |laws, |but |her |behavior |still |is |unethical. |How |is |this |possible? |- |
CORRECT |ANSWER✔✔-Because |doing |what |is |legal |can |also |be |considered |unethical.
When |Tori |considers |taking |something |that |belongs |to |someone |else, |which |ethical |principle |
could |help |her |recognize |that |she |is |facing |an |ethical |dilemma? |- |CORRECT |ANSWER✔✔-
integrity
, Liam |always |says |"please" |and |"thank |you". |He |demonstrates: |- |CORRECT |ANSWER✔✔-respect
A |business |that |buys |goods |or |services |and |sells |them |to |the |ultimate |consumer |is |a: |- |
CORRECT |ANSWER✔✔-retailer
What |do |service |businesses |sell? |- |CORRECT |ANSWER✔✔-Intangible |goods/services
A |large |retailer |wants |to |contribute |to |the |well-being |of |society. |It |donates |10% |of |its |
proceeds |to |a |charity |that |helps |the |environment. |The |retailer |is |demonstrating: |- |CORRECT |
ANSWER✔✔-Social |Responsibility
The |two |main |divisions |of |the |trade |industry |are: |- |CORRECT |ANSWER✔✔-wholesalers |and |
retailers
Monte |works |for |a |grocery |store |that |buys |food |from |producers |and |then |sells |it |to |customers.
|The |grocery |store |is |an |example |of |a: |- |CORRECT |ANSWER✔✔-trade |industry
Retailing |occurs |wherever |goods |are: |- |CORRECT |ANSWER✔✔-sold |to |consumers |or |the |
ultimate |customer.
All |businesses |should |be |socially |responsible |to |whom? |- |CORRECT |ANSWER✔✔-Users
In |a |socialist |economy, |what |determines |how |basic |economic |questions |are |answered? |- |
CORRECT |ANSWER✔✔-Government
The |economic |system |that |adopts |the |fewest |new |ideas |or |improvements |is: |- |CORRECT |
ANSWER✔✔-traditional
Questions With Correct Answers
Tayshaun |acts |with |honesty |in |all |situations. |He |is |demonstrating: |- |CORRECT |ANSWER✔✔-
integrity
XYZ |Company |is |always |upfront |about |the |financial |situation |of |the |company. |- |CORRECT |
ANSWER✔✔-Which |is |a |way |to |show |transparency?
Piper |looks |up |to |her |new |boss |and |tries |to |learn |from |her |behavior |as |much |as |possible. |
However, |Piper |knows |that |some |of |her |boss's |actions |are |unethical. |Piper |is |uncertain |
whether |she |should |follow |her |boss's |example. |Which |ethical |dilemma |is |Piper |facing? |- |
CORRECT |ANSWER✔✔-a |bad |role |model
Which |question |should |one |ask |himself/herself |to |determine |whether |one |is |facing |a |true |
ethical |dilemma? |- |CORRECT |ANSWER✔✔-Could |someone |be |hurt |by |the |actions?
Jasmine |thinks |it |is |OK |to |steal |a |few |things |from |work. |Which |ethical |principle |would |help |her
|realize |that |the |long-term |repercussions |of |her |actions |could |create |an |ethical |dilemma? |- |
CORRECT |ANSWER✔✔-Trustworthiness
Shayla |is |not |breaking |any |laws, |but |her |behavior |still |is |unethical. |How |is |this |possible? |- |
CORRECT |ANSWER✔✔-Because |doing |what |is |legal |can |also |be |considered |unethical.
When |Tori |considers |taking |something |that |belongs |to |someone |else, |which |ethical |principle |
could |help |her |recognize |that |she |is |facing |an |ethical |dilemma? |- |CORRECT |ANSWER✔✔-
integrity
, Liam |always |says |"please" |and |"thank |you". |He |demonstrates: |- |CORRECT |ANSWER✔✔-respect
A |business |that |buys |goods |or |services |and |sells |them |to |the |ultimate |consumer |is |a: |- |
CORRECT |ANSWER✔✔-retailer
What |do |service |businesses |sell? |- |CORRECT |ANSWER✔✔-Intangible |goods/services
A |large |retailer |wants |to |contribute |to |the |well-being |of |society. |It |donates |10% |of |its |
proceeds |to |a |charity |that |helps |the |environment. |The |retailer |is |demonstrating: |- |CORRECT |
ANSWER✔✔-Social |Responsibility
The |two |main |divisions |of |the |trade |industry |are: |- |CORRECT |ANSWER✔✔-wholesalers |and |
retailers
Monte |works |for |a |grocery |store |that |buys |food |from |producers |and |then |sells |it |to |customers.
|The |grocery |store |is |an |example |of |a: |- |CORRECT |ANSWER✔✔-trade |industry
Retailing |occurs |wherever |goods |are: |- |CORRECT |ANSWER✔✔-sold |to |consumers |or |the |
ultimate |customer.
All |businesses |should |be |socially |responsible |to |whom? |- |CORRECT |ANSWER✔✔-Users
In |a |socialist |economy, |what |determines |how |basic |economic |questions |are |answered? |- |
CORRECT |ANSWER✔✔-Government
The |economic |system |that |adopts |the |fewest |new |ideas |or |improvements |is: |- |CORRECT |
ANSWER✔✔-traditional
