S2 Business Management

Which of these explains a want, not a need?

• Shelter: If you don't have this you could possibly die in cold weather

• Chocolate: People like to eat this as a sweet treat, some may think it's delicious.

• Protein: This is important for having good health. It provides valuable nutrients.

• Clothes: You wear these to stay warm and out of jail.

The definition of a need is: Something that is essential for life and ________ to __________.

• necessary, survive

• essential, life

• necessary, essential

• essential, survive

A want is: Something that makes life more happy and _________ but not _________ to survive.

• necessary, comfortable

• essential, necessary

• happy, comfortable

• comfortable, necessary

Which is a want?

• A place to live (shelter)

• Oxygen

• Car

• Food

A want is something we would like to have but could easily live without it.

• True

• False

What are the benefits of a company being known as ethical?

• Stand out from the competition

• Good reputation

• More money/profit gained

• All of these

What are ethics?

• An ethnic minority

• A person who's a bit daft

• Morally correct behaviour

• Making lots of money out of customers, bleeding them dry!

Treating your employer, coworkers, customers fairly, openly and with honesty would be considered _________

• Ethical
• Unethical

To bring goods and services into a country from another country is called __________.

• import

• export

• trade

• influence

Which term refers to Countries that rely on each other to trade goods and services?

• Unrelated

• Interdependence

• Conrasting

• Independent