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WorksheetsEntrepreneurship, Business Ethics & Global Business
Total questions: 10
Worksheet time: 5mins
What is the primary characteristic of an entrepreneur?
High salary
Risk-averse nature
Innovation and risk-taking
Job stability
Which of the following is not a common source of financing for a new venture?
Personal savings
Bank loans
Venture capital
Friend salary
Which of the following is a characteristic of a sole proprietorship?
Limited liability for the owner
Separate legal entity from the owner
Simple to set up and manage
Unlimited number of owners
What does "business ethics" refer to?
Maximizing profits at any cost
The principles and values that guide business behavior
Government regulations on business operations
Employee productivity and efficiency
What is corporate social responsibility (CSR)?
A government program for regulating businesses
The legal obligations of a corporation
A voluntary commitment by a company to act ethically and contribute to the well-being of society
Maximizing shareholder profits
Which of the following is an example of unethical behavior in business?
Providing accurate financial statements to shareholders
Offering fair compensation to employees
Engaging in price-fixing with competitors
Donating to charitable organizations
What is globalization in the context of business?
A strategy to limit business activities to a single country
The process of expanding business operations and activities internationally
A focus on domestic markets only
The avoidance of international trade
What is the term for a business expanding its operations to other countries?
Localization
Internationalization
Domestication
Isolation
What does "import" mean in the context of global business?
Selling products to other countries
Buying products from other countries
Manufacturing products locally
Distributing products in the domestic market
What is the term for the exchange of goods and services between countries?
International trade
Domestic trade
Local trade
Barter trade
