Intro to Business Unit 2 Review

Business Ethics are only to be followed by employees; the owner of the company does not need to follow business ethics.

• True

• False

Business Ethics need to be followed for a business to be successful.

• True

• False

When making an ethical decision, it's important to consider if the decision is legal or illegal.

• True

• False

Social responsiblity is an important consideration for business ethics.

• True

• False

It's safe to assume business practices and customs in other countries are the same as those in the USA.

• True

• False

Big companies like Hershey, Target and Subway don't believe in being socially responsible.

• True

• False

A benefit of competition for the government would be more companies generating more sales and less taxes.

• True

• False

A saturated market could be a disadvantage of competition for both consumers and businesses.

• True

• False

A benefit of competition for the government is unemployment payments.

• True

• False

A disadvantage of competition for a business would be sharing profits and market share.

• True

• False