Home-grown Business

Home-grown Business

12th Grade

15 Qs

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Home-grown Business

Home-grown Business

Assessment

Quiz

Other

12th Grade

Practice Problem

Medium

Created by

Savhinaa M

Used 6+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the below are the benefits of home-grown business

I. Provides the finances needed to expand into international markets

II. A strong domestic foundation ensures greater success internationally

III. The financial resources needed to start and grow a business can be extensive

IV. Establishes business system in communication, administration and continuous improvement

I and II

I, II and III

III and IV

I, II and IV

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is a key ethical consideration for companies employing offshore labor in global business operations?

Maximizing cost savings by exploiting cheap labor without regard for working conditions

Providing fair wages and safe working conditions to offshore laborers

Ignoring local laws and regulations to maintain profitability

Minimizing employee benefits to maximize profits for shareholders

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is a fundamental ethical principle that companies should consider when addressing environmental responsibility in global business operations?

Exploiting natural resources for maximum profit without regard for sustainability

Implementing greenwashing tactics to deceive consumers about environmental practices

Prioritizing short-term gains over long-term environmental conservation

Minimizing ecological impact and promoting sustainable practices to protect the environment for future generations

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What ethical consideration should companies prioritize when engaging in outsourcing practices in global business operations?

Exploiting cheap labor in developing countries to maximize profits

Outsourcing without regard for the impact on local communities and economies

Ensuring fair treatment, working conditions, and wages for outsourced workers

Outsourcing critical business functions without accountability for quality or performance

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What ethical principle should companies consider when addressing the practice of dumping in global business operations?

Maximizing short-term profits without regard for local market conditions

Undermining competitors by selling products below fair market value

Respecting fair competition and avoiding anti-competitive practices

Exploiting vulnerable markets to gain a monopoly position

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What ethical principle is central to the concept of fair trade in global business operations?

Prioritizing profit maximization over social and environmental responsibility

Exploiting labor in developing countries to minimize production costs

Ensuring equitable treatment, fair wages, and sustainable practices throughout the supply chain

Ignoring the welfare of workers and communities in pursuit of competitive advantages

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the primary role of Austrade?

To regulate import and export activities in Australia

To promote international trade and investment opportunities for Australian businesses

To provide financial assistance to Australian exporters

To enforce trade agreements between Australia and other countries

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