Bus. Essentials Review - Ch. 4-5

T/F: Social Responsibility is the duty of a business to succeed only for themselves

• True

• False

Protection from fires & other hazards falls under what Social Responsibility of business?

• Environmental protection

• Job Safety

• Workplace Diversity

• Employee Wellness

Which of the following is a benefit of socially responsible businesses? (May choose more than one)

• Expanded justice for groups of a society

• Reduced need for government actions

• Costs of building repairs to remove risks

• Improved quality of life in a community and around the world

The rules of how businesses & their employees ought to behave is known as:

• Business Ethics

• Business Morals

• Ethical Behavior

• Unethical Behavior

Which of these does not need to be asked when facing an ethical situation in business?

• Is the action legal?

• Does the action violate professional or company standards?

• Will I benefit from choosing unethically?

• Who is affected by the action and how?

A(n) _______ worker has no implicit/explicit contract for long term employment.

• Expendable

• Private

• Contingent

• Continuous

Which of the following represents a role of businesses?

• Provide employment for millions of people

• Pay taxes to federal, state and local government

• To make and distribute products and services that are needed

• All of the above

T/F: A business activity that focuses on needing financial resources is called Generating Ideas

• True

• False

T/F: Target selling name-brand clothes is an example of an Intermediary business

• True

• False

Which of the following is not an example of a producer?

• Extractor

• Manufacturer

• Salesmen

• Farmer