Ethics Quiz1

1. It is defined as set of moral principles

• Philosophy

• Business

• Ethics

• Business Ethics

2. It is defined as organization or enterprising entity engaged in commercial, industrial or professional activities.

• Philosophy

• Business

• Ethics

• Business Ethics

3. It is an organization or economic system where goods and services are exchanged for one another or for money.

• A. Business Organization

• B. Business

• C. Ethics

• D. Business Ethics

4. This term requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.

• A. Business Organization

• B. Business

• C. Ethics

• D. Business Ethics

5. Defined as an individual or group of people that collaborate to achieve certain commercial goals.

• A. Business Organization

• B. Business

• C. Ethics

• D. Business Ethics

6. This form of business organization is the simplest to form because of the small amount of capital needed to start up.

• A. Sole Proprietorship

• B. Partnership

• C. Corporation

• D. Cooperatives

7. A form of business which compose of one individual in business for himself.

• A. Sole Proprietorship

• B. Partnership

• C. Corporation

• D. Cooperatives

8. This business is operated by 2 or more people.

• A. Sole Proprietorship

• B. Partnership

• C. Corporation

• D. Cooperatives

9. This business organization is recognized as a separate legal entity (existence).

• A. Sole Proprietorship

• B. Partnership

• C. Corporation

• D. Cooperatives

1. It is a form of business organization that main purpose is to generate profit EXCEPT for:

• A. Sole Proprietorship

• B. Partnership

• C. Corporation

• D. Cooperatives