WorksheetsUnderstand Economics 2
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
What is social responsibility of a business?
a)
OThe duty of business to contribute to the well-being of society.
b)
OThe duty of business to contribute to the financial economy.
c)
OThe duty of business to contribute to the well-being of business.
d)
OThe duty of business to contribute to the well-being of other businesses.
2.
Who are producers?
a)
The
people who make or provide goods and services.
b)
The
people who buy goods and services.
c)
The people who resale goods and services.
3.
What are manufacturers?
a)
A
type of producer that changes the shapes or forms of materials so that they
will be useful to customers
b)
A
type of producer that provides goods in their natural state.
4.
Who are retailers?
a)
A business that buys consumer goods or services and sells them to the ultimate consumer.
b)
A type of business that performs intangible activities that satisfy the wants of consumers or industrial users.
5.
Who are wholesalers?
a)
help to move goods between producers and
retailers by buying goods from producers and selling them to retailers.
b)
A type of business that performs intangible activities that satisfy the wants of consumers or industrial users.
6.
Ethical Responsibility is?
a)
Responsibilities that a company puts on itself because its owners believe it's the right thing to do
b)
Responsibilities that a company puts on itself because its government believe it's the right thing to do
7.
Philanthropic Responsibilities are
a)
Going
above and beyond ethical responsibility making an effort to benefit society.
b)
Doing just enough to meet your ethical responsibility of making an effort to benefit society.
8.
A business is an organized effort to produce and/or distribute goods and services.
a)
True
b)
False
9.
A for profit business makes money to fulfill a specific mission or undertaking.
a)
True
b)
False
10.
A nonprofit operates to makes money to fulfill financial goals.
a)
True
b)
False
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