Sophia Intro to business Milestones 1, 2, 3, 4 and Final, 5 Combined
Revision Study Guides
Score18/19
You passed this Milestone
18 questions were answered correctly.
1UNIT 1 — MILESTONE 1 question was answered incorrectly.
1
Which of the following should guide ethical behavior in a business?
Moral judgments
Personal goals
Scientific theories
Cultural standards
CONCEPT
Ethics as a Lifestyle
2
Kyle owned a small business that sold and repaired several styles of bicycles. Last month, Kyle had sales of
$15,000 and the costs of operating his business were $12,300.
Which of the following is true about Kyle's business?
The business experienced a loss.
,The business should focus on expansion.
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Material
The business earned a profit.
The business is not capitalizing on a need.
CONCEPT
What Is Business? 3
A business owner decides to give all her employees a living wage and benefits, including any new employees.
Which social responsibility stance did the business owner demonstrate?
Proactive
Defensive
Obstructionist
Accommodating
CONCEPT
Stances to Social Responsibility Issues
4
In modern times, companies need to be socially responsible toward various stakeholders.
When a company ensures that its products will not cause personal injury when used, the company is
demonstrating particular consideration to which stakeholder?
Employees
Customers
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Material
Investors
Environment
CONCEPT
Models of Social Responsibility and Considering the Stakeholder 5
Which of the following is a disadvantage of a sole proprietorship?
May have difficulty raising money for business operations
May have problems resulting from frozen investments
May have issues with government regulations
May have a more complicated tax structure
CONCEPT
Non-Corporate Business 6
Anita borrowed money from a bank to help her start her small business.
Which factor of production below does the loan represent?
Capital
Information resource
Physical resource
Human resource
CONCEPT
Economic Systems
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Revision Study Guides
Score18/19
You passed this Milestone
18 questions were answered correctly.
1UNIT 1 — MILESTONE 1 question was answered incorrectly.
1
Which of the following should guide ethical behavior in a business?
Moral judgments
Personal goals
Scientific theories
Cultural standards
CONCEPT
Ethics as a Lifestyle
2
Kyle owned a small business that sold and repaired several styles of bicycles. Last month, Kyle had sales of
$15,000 and the costs of operating his business were $12,300.
Which of the following is true about Kyle's business?
The business experienced a loss.
,The business should focus on expansion.
, Stuvia.com - The Marketplace to Buy and Sell your Study
Material
The business earned a profit.
The business is not capitalizing on a need.
CONCEPT
What Is Business? 3
A business owner decides to give all her employees a living wage and benefits, including any new employees.
Which social responsibility stance did the business owner demonstrate?
Proactive
Defensive
Obstructionist
Accommodating
CONCEPT
Stances to Social Responsibility Issues
4
In modern times, companies need to be socially responsible toward various stakeholders.
When a company ensures that its products will not cause personal injury when used, the company is
demonstrating particular consideration to which stakeholder?
Employees
Customers
Downloaded by: strayeruniversitystudent |
Distribution of this document is illegal
, Stuvia.com - The Marketplace to Buy and Sell your Study
Material
Investors
Environment
CONCEPT
Models of Social Responsibility and Considering the Stakeholder 5
Which of the following is a disadvantage of a sole proprietorship?
May have difficulty raising money for business operations
May have problems resulting from frozen investments
May have issues with government regulations
May have a more complicated tax structure
CONCEPT
Non-Corporate Business 6
Anita borrowed money from a bank to help her start her small business.
Which factor of production below does the loan represent?
Capital
Information resource
Physical resource
Human resource
CONCEPT
Economic Systems
Downloaded by: strayeruniversitystudent |
Distribution of this document is illegal
