BUS 300 CH 1-8 COMPREHENSIVE QUESTIONS
AND ANSWERS
Which of the following businesses provides its customers with a good? -ANSW bicycle
manufacturer
The standard of living in any country is: -ANSW measured by the output of goods and
services people can buy with the money they have
Iris Souza started the summer with $30. She took $10 and made signs for her dog
walking service. She posted the signs all over her neighborhood. She used the other
$20 to buy a stout leash and a pooper-scooper. At the end of the summer, after buying
herself a new pair of shoes for $50 (she had worn her other shoes out walking dogs),
she had $125 left. What was Souza's profit for her summer job? -ANSW $125
Which of the following is the BEST example of a not-for-profit business? -ANSW the
American Cancer Society
Which of the following is NOT an example of a factor of production? -ANSW
competition
Corrine Attlee has always enjoyed cooking more than doing anything else. Atlee has
decided to quit her job as a college professor and invest her life savings in starting a
restaurant. Attlee is an example of a(n): -ANSW entrepreneur
Members of millennial generation: -ANSW are not accurately described by any of the
above
, Which of the following is probably the MOST difficult environmental factor for owners
and managers to forecast, influence, or integrate into business plans? -ANSW social
change
The main incentive in capitalism is: -ANSW profit
The economic system under which basic industries are operated by the government or
owned by the private sector under strong government control is called: -ANSW
socialism
Which of the following statements about utilitarianism is true? - ANSW Utilitarianism is
designed to create both winners and losers.
In the 21st century, we define justice as: - ANSW A an equitable distribution of the
burdens and rewards that society has to offer
Which of the following statements about ethics training is true? - ANSW Ethics training
is formal training to develop awareness of inappropriate behavior and to practice
appropriate responses.
_____ is the concern of businesses for the welfare of society as a whole. - ANSW
Social responsibility
At the base of the corporate social responsibility pyramid is: - ANSW economic
responsibilities
A company can only be concerned about its _____ responsibilities once it has met its
economic and legal responsibilities. - ANSW ethical
Many weight-loss programs advertise that they can help individuals lose a great deal of
weight without any changes in the individual's lifestyle. Typically when the person who
has lost the weight leaves the program, he or she regains all the lost weight. This yo-
AND ANSWERS
Which of the following businesses provides its customers with a good? -ANSW bicycle
manufacturer
The standard of living in any country is: -ANSW measured by the output of goods and
services people can buy with the money they have
Iris Souza started the summer with $30. She took $10 and made signs for her dog
walking service. She posted the signs all over her neighborhood. She used the other
$20 to buy a stout leash and a pooper-scooper. At the end of the summer, after buying
herself a new pair of shoes for $50 (she had worn her other shoes out walking dogs),
she had $125 left. What was Souza's profit for her summer job? -ANSW $125
Which of the following is the BEST example of a not-for-profit business? -ANSW the
American Cancer Society
Which of the following is NOT an example of a factor of production? -ANSW
competition
Corrine Attlee has always enjoyed cooking more than doing anything else. Atlee has
decided to quit her job as a college professor and invest her life savings in starting a
restaurant. Attlee is an example of a(n): -ANSW entrepreneur
Members of millennial generation: -ANSW are not accurately described by any of the
above
, Which of the following is probably the MOST difficult environmental factor for owners
and managers to forecast, influence, or integrate into business plans? -ANSW social
change
The main incentive in capitalism is: -ANSW profit
The economic system under which basic industries are operated by the government or
owned by the private sector under strong government control is called: -ANSW
socialism
Which of the following statements about utilitarianism is true? - ANSW Utilitarianism is
designed to create both winners and losers.
In the 21st century, we define justice as: - ANSW A an equitable distribution of the
burdens and rewards that society has to offer
Which of the following statements about ethics training is true? - ANSW Ethics training
is formal training to develop awareness of inappropriate behavior and to practice
appropriate responses.
_____ is the concern of businesses for the welfare of society as a whole. - ANSW
Social responsibility
At the base of the corporate social responsibility pyramid is: - ANSW economic
responsibilities
A company can only be concerned about its _____ responsibilities once it has met its
economic and legal responsibilities. - ANSW ethical
Many weight-loss programs advertise that they can help individuals lose a great deal of
weight without any changes in the individual's lifestyle. Typically when the person who
has lost the weight leaves the program, he or she regains all the lost weight. This yo-
