Business Ethics - Quiz 1

• It is an entity that aims to earn a profit by providing products to satisfy the needs of the market.

• Business Organization

• Business Ethics

• Company Culture

• Economics

• The system of shared actions, values and beliefs that develops within an organization and guides the behavior of its members.

• Business Organization

• Business Ethics

• Company Culture

• Economics

• The branch of philosophy that involves systemizing, defending and recommending the right and wrong conduct.

• Business Organization

• Business Ethics

• Company Culture

• Ethics

• The amount of money business takes in after the expenses needed to be operate the business have been deducted from the revenue.

• Business

• Ethics

• Profit

• Revenue

• The total amount of money a business earns during a given period of time by offering products to the market.

• Business

• Ethics

• Profit

• Revenue

• Business Organization owned and operated by one individual.

• Corporation

• Partnership

• Organization

• Sole Proprietorship

• It was owned and operated by two or more person bind themselves to contribute money, property or industry to a common fund with the intention of dividing the profits and sharing the liabilities among themselves. 

• Corporation

• Partnership

• Organization

• Sole Proprietorship

• It was owned and operated by 5 to 15 persons called as incorporators, hold at least one share and are bound by the article of incorporation file with the SEC.

• Corporation

• Partnership

• Organization

• Sole Proprietorship

• The study of how resources used in the production of goods and services are distributed for consumption within a social system.

• Business Organization

• Economics

• Economic System

• Ethics

• It describes how a society distributes its resources to produce goods and services.

• Business Organization

• Economics

• Economic System

• Ethics