Business Ethics Quiz

What term describes the duty of business to contribute to the well-being of society?

• raw-goods producer

• trade industries

• social responsibility

• economic growth

All businesses should be socially responsible to _______.

• users

• producers

• endorsers

• society

Retailing occurs wherever goods are sold to consumers of the ultimate customer.

• True

• False

• Only in physical stores

• Only online

Monte works for a grocery store that buys food from producers and then sells it to customers. This grocery store is an example of a:

• trade industry

• builder

• service business

• manufacturing firm

Service businesses sell:

• groceries and jewelry

• raw goods and services

• intangible goods and services

• manufactured products

What type of business buys goods or services and sells them to the ultimate consumer?

• Producer

• Retailer

• Manufacturer

• Distributor

What are the two main divisions of the trade industry?

• Wholesalers and Retailers

• Manufacturers and Wholesalers

• Employees and Customers

• Suppliers and Distributors

The two main divisions of the trade industry are:

• producers and retailers

• wholesalers and retailers

• wholesalers and producers

• manufacturers and wholesalers

A business that buys goods or services and sells them to the ultimate consumer is a:

• manufacturer

• producer

• retailer

• wholesaler

What do service businesses sell?

• raw goods and services

• retail goods and services

• intangible goods and services

• wholesale goods and services