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WorksheetsChapter 1
Total questions: 10
Worksheet time: 4mins
Profit is the (a) earned by someone for taking risk to venture into a business.
(a) is a person who takes risks and spend money and time to start and manage a business.
Businesses have many stakeholders. They include_________
Shareholders
Suppliers
Employees
Bankers
Ethics is concerned with the study of morality and the application of reason to explain specific rules and principles that determine right or wrong for a given situation
Yes
No
Define a business.
(a) a broader concept of ethics concerned with the impact of an organization's activities on society.
3 main business concepts
Business organization
Supplier
Profit
Entrepreneurs
It is a vital to manage businesses ethically for the following reason:
to keep existing customer
to avoid lawsuits
to increase employee turnover
to please stakeholders
Non-governmental organizations (NGOs) is one of stakeholders that the organization has to consider for its survival.
Yes
No
CSR is a business concern, especially a corporation for the_____________ of society.
norm
morality
acceptance
welfare
