A form of business organization that composes of two or more persons binds themselves to

contribute money, property or industry to a common fund with the intention of dividing the
profits and sharing the liabilities among themselves.

a.
Partnership

b.
Sole Proprietorship

c.
Fund Sourcing

d.
Fund Allocation
Feedback
The correct answer is: Partnership

Question 2
Correct
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Question text
According to Fr. Floriano C. Roa, it is an activity that is part and parcel of human society.
Without this, society will not exist

a.
Ethics

b.
Politics

c.
Business

d.
Economy
Feedback
The correct answer is: Business
Question 3
Correct
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Question text
An important component of the modern society. They help economics grow offer desired
products for consumption, and create jobs for the population

a.
Entrepreneurship

b.
Business Ethics

c.
Business Organization

d.
Social Responsibility
Feedback
The correct answer is: Business Organization

Question 4
Correct
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Question text
An organization that does not earn profit for its owners. All the money earned through
pursuing business activities or through donations goes right back into running the
organization

a.
None of the above

b.
For-profit organization

c.
Not-for-profit organization
d.
Nonprofit organization
Feedback
The correct answer is: Not-for-profit organization

Question 5
Correct
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Question text
Companies do not have to be socially responsible to whom

a.
Competitors

b.
Customers

c.
Owners/Investors

d.
Employees
Feedback
The correct answer is: Competitors

Question 6
Correct
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Question text
It deals with morality in the business. It is a system of moral principles and values applied to
business activities. This means the business activities should be conducted according to
ethics or moral standards.

a.
Business Ethics
b.
HRM

c.
Business management

d.
Business Finance
Feedback
The correct answer is: Business Ethics

Question 7
Correct
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Question text
It is a form of business organization that is owned and operated by one individual

a.
Corporation

b.
Financial Institution

c.
Partnership

d.
Sole Proprietorship
Feedback
The correct answer is: Sole Proprietorship

Question 8
Correct
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Question text
It is a social science which deals with concepts such as right and wrong, moral and immoral,
good and bad etc.
a.
Ethics

b.
Mission and Vision

c.
GMRC

d.
Code of Ethics
Feedback
The correct answer is: Ethics

Question 9
Incorrect
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Question text
It is an entity that aims to earn a profit by providing products to satisfy the needs of the
market.

a.
Business Ethics

b.
Business Organization

c.
Social responsibilities

d.
For-Profit Organization
Feedback
The correct answer is: Business Organization

Question 10
Correct
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 Flag question

Question text
It is one where no part of its income is distributed as dividends to its members, trustees or
officers

a.
Non-Profit Organization

b.
For -Profit Organization

c.
Stock Corporation

d.
Non-Stock Corporation
Feedback
The correct answer is: Non-Stock Corporation

Question 11
Correct
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Question text
It is the amount of money that a business takes in after the expenses needed to operate the
business

a.
Profit

b.
Revenue

c.
Capital

d.
Tax Return
 Feedback
The correct answer is: Profit

Question 12
Correct
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Question text
It is the business environment created by an organization to foster a common
understanding of what the company advocates that encourage and discourage ethical
behavior

a.
Social Ethics

b.
Corporate Culture

c.
Ethical Business Leadership

d.
Personal Integrity
Feedback
The correct answer is: Corporate Culture

Question 13
Not answered
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Question text

a.
Corporate Culture

b.
Social Ethics

c.
Ethical Business Leadership
d.
Personal Integrity
Feedback
The correct answer is: Personal Integrity

Question 14
Correct
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Question text
One of the roles of Business organization in the society is to create their needs first which
will result to earn profit.

a.
Provide goods and services

b.
Promoting sustainability

c.
Entrepreneurship

d.
Creating Employment Opportunities
Feedback
The correct answer is: Provide goods and services

Question 15
Correct
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One of the roles of Business Organization to the society is to reduce poverty, better
education, improve government finances and higher income

a.
Creating Employment opportunities
b.
Provide goods and services

c.
Promoting sustainability

d.
Advancing the Economy
Feedback
The correct answer is: Advancing the Economy

Question 16
Not answered
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Question text

a.
Corporate Social responsibility

b.
Corporate Culture

c.
Code of Ethics

d.
Corporations Morals and obligations
Feedback
The correct answer is: Corporate Culture

Question 17
Correct
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Question text
The following are common roles of Business Organizations in the society except

a.
Entrepreneurship

b.
Mentorship

c.
Providing goods and services

d.
Creating employment Opportunities
Feedback
The correct answer is: Mentorship

Question 18
Incorrect
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Question text
The following are fundamental reason for examining the activities of business from moral
perspective known as ethics except

a.
Preservation of the human society

b.
Promotion of common good

Question 19
Correct
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Question text
The quality of being truthful and honest with yourself and others of intentionally aligning
your personal behaviors and actions to be aligned with your own values, principles and
ethics.

a.
Personal Intelligence
b.
Morality

c.
Personal Integrity

d.
Social Ethics
Feedback
The correct answer is: Personal Integrity

Question 20
Not answered
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a.
Character

b.
Morality

c.
Social Responsibility

d.
Profitability
Feedback
The correct answer is: Morality

Question 21
Correct
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Question text
They are called incorporators composed of 5 to 15 persons that holds at least one share and
are bound by the articles of corporation filed with the SEC
a.
Sole Proprietorship

b.
Corporation

c.
Partnership

d.
Non Stock Corporation
Feedback
The correct answer is: Corporation

Question 22
Correct
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Question text
To be successful, business ethics training programs need to:

a.
Promote the use of emotions in making tough ethical decisions

b.
Be limited to upper executives

c.
Educate employees on formal ethical frameworks and models of ethical decision making

d.
Focus on personal opinions of employees
Feedback
The correct answer is: Educate employees on formal ethical frameworks and models of
ethical decision making

Question 23
Correct
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 Question text
Type of business organization that have the right to keep and use their profit as they
choose - within legal limits - because profit is the reward for the risks they take in making
and selling their products.

a.
Charity

b.
Revenue

c.
Nonprofit Organization

d.
For-profit Organization
Feedback
The correct answer is: For-profit Organization

Question 24
Incorrect
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Question text
What is a consequence of good business ethics

a.
Good word of mouth from customers

b.
Low employee turnover

c.
High employee turnover

d.
Increase in demand
Feedback
The correct answer is: Good word of mouth from customers
Question 25
Correct
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Question text
What is not considered unethical business practice

a.
Lying about a price to make a bigger profit

b.
Treating employees unfairly

c.
Selling substandard product

d.
Training employees right out of school
Feedback
The correct answer is: Training employees right out of school

Question 26
Correct
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Question text
What is Social Responsibility

a.
How companies conduct themselves in terms of their practices and policies

b.
None of the above

c.
The moral principles that represent a person or group

d.
An ethical concept that implies that companies have a duty to the society and environment
 Feedback
The correct answer is: An ethical concept that implies that companies have a duty to the
society and environment

Question 27
Correct
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Question text
Which of the following describes Ethics.

a.
The moral principles that represent a person or group

b.
A concept that implies that companies have a duty to society and the environment

c.
How companies conduct themselves in terms of their practices and policies

d.
None of the answers are correct
Feedback
The correct answer is: The moral principles that represent a person or group

Question 28
Correct
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Question text
Which of the following is not important on applying business ethics in an organization

a.
Profitability

b.
Insurability

c.
Protect consumer rights

d.
Improving consumer confidence
Feedback
The correct answer is: Insurability

Question 29
Correct
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Question text
Which would describe the act of offering another money to agree to a business deal

a.
Good Business

b.
Unlawful bribery

c.
Conduct unbecoming

d.
Ethical behavior
Feedback
The correct answer is: Unlawful bribery

A business organization describes how a society distributes its resources to produce goods
and services.

a.
FALSE

b.
TRUE
Feedback
The correct answer is: TRUE

Question 2
Correct
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Question text
A form of business organization that composes of two or more persons binds themselves to
contribute money, property or industry to a common fund with the intention of dividing the
profits and sharing the liabilities among themselves.

a.
Sole Proprietorship

b.
Fund Allocation

c.
Partnership

d.
Fund Sourcing
Feedback
The correct answer is: Partnership

Question 3
Correct
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Question text
According to Fr. Floriano C. Roa, it is an activity that is part and parcel of human society.
Without this, society will not exist

a.
Economy

b.
Business

c.
Ethics
d.
Politics
Feedback
The correct answer is: Business

Question 4
Correct
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Question text
Activities that individuals, groups, & organizations undertake to protect their rights as
consumers.

a.
Whistleblowing

b.
Consumerism

c.
Plagiarism

d.
Ethical Issue
Feedback
The correct answer is: Consumerism

Question 5
Correct
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Question text
All unethical business practices are covered by the law

a.
TRUE

b.
FALSE
 Feedback
The correct answer is: FALSE

Question 6
Correct
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Question text
An important component of the modern society. They help economics grow offer desired
products for consumption, and create jobs for the population

a.
Social Responsibility

b.
Entrepreneurship

c.
Business Organization

d.
Business Ethics
Feedback
The correct answer is: Business Organization

Question 7
Correct
Mark 1.00 out of 1.00

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Question text
An organization that does not earn profit for its owners. All the money earned through
pursuing business activities or through donations goes right back into running the
organization

a.
Nonprofit organization

b.
For-profit organization
c.
None of the above

d.
Not-for-profit organization
Feedback
The correct answer is: Not-for-profit organization

Question 8
Incorrect
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Question text
Better access to certain markets, differentiation of products, and the sale of pollution-
control technology are ways in which better environmental performance can:

a.
Decrease costs

b.
Increase costs

c.
Decrease revenue

d.
Increase revenue
Feedback
The correct answer is: Increase revenue

Question 9
Correct
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Question text
Business ethics comprises the principles and standards that guide behavior of individuals
and groups in the world of business.
a.
TRUE

b.
FALSE
Feedback
The correct answer is: TRUE

Question 10
Correct
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Question text
Companies do not have to be socially responsible to whom

a.
Customers

b.
Competitors

c.
Employees

d.
Owners/Investors
Feedback
The correct answer is: Competitors

Question 11
Correct
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Question text
Economics is the study of how resources used in the production of goods and services that
are distributed for the consumption within a social system.

a.
TRUE
b.
FALSE
Feedback
The correct answer is: TRUE

Question 12
Correct
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Question text
Ethical issues may arise in global business because different nations have different beliefs
about what business activities are acceptable or unethical, and these beliefs stem from
differences in their cultures.

a.
TRUE

b.
FALSE
Feedback
The correct answer is: TRUE

Question 13
Correct
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Question text
Ethics is a complex enterprise that involves major activities like purchasing, manufacturing,
marketing, advertising, selling and accounting.

a.
TRUE

b.
FALSE
Feedback
The correct answer is: FALSE
Question 14
Incorrect
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Question text
Front-line employees have the ultimate responsibility of establishing the ethical tone of the
entire organization.

a.
TRUE

b.
FALSE
Feedback
The correct answer is: FALSE

Question 15
Correct
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Question text
If an action is legal it is by definition ethical.

a.
TRUE

b.
FALSE
Feedback
The correct answer is: FALSE

Question 16
Correct
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Question text
If you work for an ethical, socially responsible company you will never be faced with an
ethical issue or dilemma.
a.
TRUE

b.
FALSE
Feedback
The correct answer is: FALSE

Question 17
Correct
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Question text
In capitalism, competition is encouraged by market forces and government regulations.

a.
FALSE

b.
TRUE
Feedback
The correct answer is: TRUE

Question 18
Correct
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Question text
In Socialism, prices of products are determined by supply and demand, while consumers
have some choices of products.

a.
TRUE

b.
FALSE
Feedback
The correct answer is: TRUE
Question 19
Not answered
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Question text

a.
Legal Values

b.
Social Ethics

c.
Corporate Culture

d.
Ethical Business Leadership
Feedback
The correct answer is: Ethical Business Leadership

Question 20
Correct
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Question text
It deals with morality in the business. It is a system of moral principles and values applied to
business activities. This means the business activities should be conducted according to
ethics or moral standards.

a.
Business Finance

b.
HRM

c.
Business management

d.
Business Ethics
Feedback
The correct answer is: Business Ethics

Question 21
Correct
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Question text
contri

a.
Corporation

b.
Partnership

c.
Sole Proprietorship

d.
Financial Institution
Feedback
The correct answer is: Sole Proprietorship

Question 22
Correct
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Question text
It is a social science which deals with concepts such as right and wrong, moral and immoral,
good and bad etc.

a.
Mission and Vision

b.
Code of Ethics
c.
Ethics

d.
GMRC
Feedback
The correct answer is: Ethics

Question 23
Correct
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Question text
It is an entity that aims to earn a profit by providing products to satisfy the needs of the
market.

a.
Business Ethics

b.
Business Organization

c.
Social responsibilities

d.
For-Profit Organization
Feedback
The correct answer is: Business Organization

Question 24
Incorrect
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Remove flag

Question text
It is one where no part of its income is distributable as dividends to its members, trustees, or
officers.

a.
For -Profit Organization

b.
Non- Profit Organization

c.
Stock Corporation

Question 25
Correct
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Question text
It is the amount of money that a business takes in after the expenses needed to operate the
business

a.
Capital

b.
Revenue

c.
Profit

d.
Tax Return
Feedback
The correct answer is: Profit

Question 26
Correct
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Question text
It is the business environment created by an organization to foster a common
understanding of what the company advocates that encourage and discourage ethical
behavior
a.
Personal Integrity

b.
Ethical Business Leadership

c.
Social Ethics

d.
Corporate Culture
Feedback
The correct answer is: Corporate Culture

Question 27
Not answered
Marked out of 1.00

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Question text

a.
Social Ethics

b.
Ethical Business Leadership

c.
Personal Integrity

d.
Corporate Culture
Feedback
The correct answer is: Personal Integrity

Question 28
Correct
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Question text
Minimal social responsibility focuses on contractual stakeholders and mainly takes
economic and legal considerations into account.

a.
TRUE

b.
FALSE
Feedback
The correct answer is: TRUE

Question 29
Correct
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Question text
Most companies begin the process of establishing organizational ethics programs by
developing:

a.
Ethics training programs

b.
Ethics enforcement mechanisms

c.
Codes of conduct

d.
Hidden agendas
Feedback
The correct answer is: Codes of conduct

Question 30
Correct
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Question text
One key to successful ethics training is to eliminate the belief that unethical behavior is ever
justifiable.

a.
FALSE

b.
TRUE
Feedback
The correct answer is: TRUE

Question 31
Correct
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Question text
One of the roles of Business organization in the society is to create their needs first which
will result to earn profit.

a.
Promoting sustainability

b.
Provide goods and services

c.
Entrepreneurship

d.
Creating Employment Opportunities
Feedback
The correct answer is: Provide goods and services

Question 32
Correct
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Question text
Plagiarism is an ethical issue that is only found in schools and academic institutions.
a.
FALSE

b.
TRUE
Feedback
The correct answer is: FALSE

Question 33
Correct
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Question text
Professional groups such as doctors, lawyers and teachers have their own code of ethics.

a.
FALSE

b.
TRUE
Feedback
The correct answer is: TRUE

Question 34
Not answered
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Question text

a.
Code of Ethics

b.
Corporate Social responsibility

c.
Corporate Culture
d.
Corporations Morals and obligations
Feedback
The correct answer is: Corporate Culture

Question 35
Correct
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Question text
Revenue is the total amount of money a business earns during a given period of time by
offering products to the market.

a.
TRUE

b.
FALSE
Feedback
The correct answer is: TRUE

Question 36
Correct
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Question text
Stakeholder issues in a global environment include economic, legal, ethical, and
philanthropic considerations of different cultures and countries.

a.
FALSE

b.
TRUE
Feedback
The correct answer is: TRUE

Question 37
Correct
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 Flag question

Question text
Stakeholders are considered more important to an organization when:

a.
They do not emphasize the urgency of their issues

b.
They can express themselves articulately

c.
They can make use of their power on the organization

d.
Their issues are not legitimate
Feedback
The correct answer is: They can make use of their power on the organization

Question 38
Correct
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Question text
The concept of social responsibility is applicable to businesses around the world, but
adaptations of implementation and other details on the local level are needed.

a.
TRUE

b.
FALSE
Feedback
The correct answer is: TRUE

Question 39
Correct
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 Question text
The following are common roles of Business Organization in the society except?

a.
Entrepreneurship

b.
Creating Employment Opportunities

c.
Providing Goods and Services

d.
Mentorship
Feedback
The correct answer is: Mentorship

Question 40
Not answered
Marked out of 1.00

Remove flag

Question text
The following are fundamental reason for examining the activities of business from moral
perspective known as ethics except

a.
Preservation of the human society

b.
Promotion of common good

Question 41
Correct
Mark 1.00 out of 1.00

Flag question

Question text
The forms of business organization are sole proprietorship, partnership and
entrepreneurship.
a.
TRUE

b.
FALSE
Feedback
The correct answer is: FALSE

Question 42
Correct
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Question text
The quality of being truthful and honest with yourself and others of intentionally aligning
your personal behaviors and actions to be aligned with your own values, principles and
ethics.

a.
Personal Intelligence

b.
Morality

c.
Social Ethics

d.
Personal Integrity
Feedback
The correct answer is: Personal Integrity

Question 43
Correct
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Question text
The simplest form of business organization and the easiest to register through the Bureau
of Trade Regulation and Consumer Protection (BTRCP) of the Department of Trade and
Industry (DTI) is Corporation.
a.
TRUE

b.
FALSE
Feedback
The correct answer is: FALSE

Question 44
Not answered
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Question text

a.
Profitability

b.
Morality

c.
Social Responsibility

d.
Character
Feedback
The correct answer is: Morality

Question 45
Correct
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Question text
They are called incorporators composed of 5 to 15 persons that holds at least one share and
are bound by the articles of corporation filed with the SEC

a.
Partnership
b.
Non Stock Corporation

c.
Sole Proprietorship

d.
Corporation
Feedback
The correct answer is: Corporation

Question 46
Correct
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Question text
To be successful, business ethics training programs need to:

a.
Promote the use of emotions in making tough ethical decisions

b.
Be limited to upper executives

c.
Educate employees on formal ethical frameworks and models of ethical decision making

d.
Focus on personal opinions of employees
Feedback
The correct answer is: Educate employees on formal ethical frameworks and models of
ethical decision making

Question 47
Correct
Mark 1.00 out of 1.00

Flag question

Question text
Type of business organization that have the right to keep and use their profit as they
choose - within legal limits - because profit is the reward for the risks they take in making
and selling their products.

a.
For-profit Organization

b.
Charity

c.
Revenue

d.
Nonprofit Organization
Feedback
The correct answer is: For-profit Organization

Question 48
Incorrect
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Question text
What economic system that explains businesses are owned and operated by the
government?

a.
Capitalism

b.
Communism

c.
Socialism

d.
All of the above
Feedback
The correct answer is: Capitalism
Question 49
Correct
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Question text
What is a consequence of good business ethics

a.
Low employee turnover

b.
High employee turnover

c.
Good word of mouth from customers

d.
Increase in demand
Feedback
The correct answer is: Good word of mouth from customers

Question 50
Correct
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Question text
What is not considered unethical business practice

a.
Treating employees unfairly

b.
Training employees right out of school

c.
Lying about a price to make a bigger profit

d.
Selling substandard product
 Feedback
The correct answer is: Training employees right out of school

Question 51
Correct
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Question text
What is not considered unethical business practice?

a.
Treating employees unfairly

b.
Lying about a price to make a bigger profit

c.
Training employees right out of school

d.
Selling substandard product
Feedback
The correct answer is: Training employees right out of school

Question 52
Correct
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Question text
What is Social Responsibility

a.
How companies conduct themselves in terms of their practices and policies

b.
The moral principles that represent a person or group

c.
An ethical concept that implies that companies have a duty to the society and environment
d.
None of the above
Feedback
The correct answer is: An ethical concept that implies that companies have a duty to the
society and environment

Question 53
Correct
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Question text
Which of the following describes Ethics?

a.
A concept that implies that companies have a duty to society and the environment

b.
The moral principles that represent a person or group

c.
None of the answers are correct.

d.
How companies conduct themselves in terms of their practices and policies
Feedback
The correct answer is: The moral principles that represent a person or group

Question 54
Correct
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Question text
Which of the following is not important on applying business ethics in an organization

a.
Profitability

b.
Protect consumer rights

c.
Improving consumer confidence

d.
Insurability
Feedback
The correct answer is: Insurability

Question 55
Correct
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Question text
Which would describe the act of offering another money to agree to a business deal

a.
Good Business

b.
Conduct unbecoming

c.
Ethical behavior

d.
Unlawful bribery
Feedback
The correct answer is: Unlawful bribery