Business Concepts Flashcard

Business Concepts Flashcard

Assessment

Flashcard

Business

10th Grade

Hard

Created by

Wayground Content

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21 questions

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1.

FLASHCARD QUESTION

Front

What is the primary goal of a for-profit business?

Back

Generate profit

2.

FLASHCARD QUESTION

Front

Which of the following is NOT a function of a business? Marketing products, Manufacturing goods, Organizing social events, Providing services

Back

Organizing social events

3.

FLASHCARD QUESTION

Front

What is a key characteristic of a not-for-profit organization?

Back

It reinvests revenue into its mission.

4.

FLASHCARD QUESTION

Front

What is the first step in analyzing an ethical dilemma?

Back

Identify the problem

5.

FLASHCARD QUESTION

Front

Which of the following best defines business ethics?

Back

Standards for making moral decisions in business

6.

FLASHCARD QUESTION

Front

Which of the following is an example of an ethical business practice? Exploiting labor for profit, Misleading advertising, Transparent financial reporting, Ignoring environmental regulations

Back

Transparent financial reporting

7.

FLASHCARD QUESTION

Front

Which outcome best demonstrates an understanding of ethical business practices? Options: Increased profits despite breaking rules, Reduced costs by ignoring employee needs, Implementing policies to ensure workplace safety, Winning a lawsuit against another business

Back

Implementing policies to ensure workplace safety

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