BusEth LT1_Q4

Paychecks should always be in staggered basis and

without delay so the workers can meet individual

financial obligations.

• TRUE

• FALSE

Entrepreneurs are not required to pay Phil Health, Social Security, taxes out of employee wages for each employee working in their business.

• TRUE

• FALSE

Non- respect of agreements is a breach of contract.

• TRUE

• FALSE

Price collusion exists when a number of competitors agree to set prices at a certain level, bypassing the natural market forcesof supply and demand.

• TRUE

• FALSE

Promotions are designed to boost long- term sales by providing irresistible value propositions to consumers.

• TRUE

• FALSE

Misappropriation of trade secrets occurs when one competitor uses espionage, bribery, or outright theft to obtain economically advantageous information in the possession of another.

• TRUE

• FALSE

Ethics is a prime concern in marketing, and the areas of price, placement, and promotion are no exception.

• TRUE

• FALSE

Which is NOT considered as accountability and responsibility of entrepreneurs

to its suppliers?

• Avoid Coercion

• Practice Fair Pricing

• Provide Free Training

• Maintain Confidentiality

The following are responsibilities and accountabilities of entrepreneurs to its

customers EXCEPT___.

• Ensure quality products and services

• Honesty in advertising and promotion

• Promote healthy competition

• Provide free training

How do business enterprise dispose their wastes?

I. Waste should be placed in a big plastic container and burn.

II. There must be proper segregation of waste materials to prevent pollution.

• Statement I alone is SUFFICIENT to answer the question

• Statement II is SUFFICIENT to answer the question.

• Statement I alone is SUFFICIENT but statement is not sufficient to answer

  the question.

• Both statement I and II are SUFFICIENT to answer the question.