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ETHICS 223 Lesson 1

Total questions: 7

Worksheet time: 70secs

Name
Class
Date
1.

Is an informal word for an intermediary in a transaction or process chain who will facilitate interaction between parties, typically for a commission.

or fee.

a)

Partner

b)

Stockholders

c)

Middlemen

2.

These are a portion of a company’s earnings which it returns to investors, usually as a cash payment.

a)

Dividends

b)

Profit

c)

Tax

d)

Debt

3.

Is an economic system in which the decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.

a)

Cooperative

b)

Free market

c)

Consumerism

4.

Is any person or ‘thing’ that can do the things a human person is usually able to do in law – such as enter into contracts, sue and be sued, own property, and so on.

a)

Legal Personality

b)

Stockholder

c)

Partners

d)

Government

5.

Dealing with things sensibly and realistically in a way that is based on practical rather than theoretical considerations.

a)

Ethical Relativism

b)

Pragmatic

c)

Business Ethics

d)

Corporate Social Responsibility

6.

The state or right of owning a business or holding property.

a)

Entrepreneur

b)

Partnership

c)

Corporation

d)

Proprietorship

7.

Is a new business that is formed with a plan and expectation that financial gain will follow.

a)

Venture

b)

Proposal

c)

Proprietorship