Business quiz.

Business ethics generally refers to:

• the standards and principles used by society to define some appropiate conduct.

• the standards and principles used by society to define appropiate conduct.

• the standards and principles used by society to define appropiate and inappropiate conduct.

• the principles used by society to define some appropiate conduct.

What is the nature of business?

• providing products.

• to earn a profit.

• to earn money.

• to earn a profit by providing products.

Which of these words mean balance of trade?

• deficit comercial.

• balance comercial.

• balance de pagos.

• ventaja absoluta.

• exportación.

Balance of payments:

Why nations trade?

Multinational strategy, customizing their products, promotion, and distribution according to

Advantages of small business ownership:

• Independence.

• Independence, costs, flexibility, focus, and reputation.

• Flexibility, reputation, and costs.

• Focus.

An example of flexibility is:

• When Taco Bell introduces a new product.

• Reputation is perceived by its various stakeholders, is highly significant to an organization´s success.

• Option A and B.

• All answers are wrong.