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Midtern in Business Ethics

Quiz by Esmeralda Zulueta

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50 questions
Show answers
  • Q1
    Which of the following statements is true about sole proprietorship?
    It is subject to numerous government regulations.
    It is owned by one person
    It isn an entity created by law that is separate and distinct from its owners.
    It refers to an arrangement in which the individuals share the profits and liabilities of a business venture.
    30s
  • Q2
    It refers to an arrangement in which the individuals share the profits and liabilities of a business venture.
    sole proprietorship
    cooperative
    partnership
    corporation
    30s
  • Q3
    It has a separate legal existence from its owners.
    cooperative
    corporation
    sole proprietorship
    partnership
    30s
  • Q4
    It is a type of business that sells products it purchases from other businesses to customers.
    none of the above
    merchandising business
    manufacturing business
    service business
    30s
  • Q5
    It changes basic inputs into products that are sold to customers.
    merchandising business
    manufacturing
    none of the above
    service business
    30s
  • Q6
    Which of the following is not an advantage of the corporate form of business organization?
    easy and cheap to organize
    ability to obtain capital
    Continuous life
    transferability of ownership
    30s
  • Q7
    It has no restrictions on type of business as long as it is legal
    cooperative
    partnership
    corporation
    sole proprietorship
    30s
  • Q8
    Which of the following statements is true about accountability?
    It is the quality of making judgments that are free from discrimination.
    It is the ability to account for your actions and performance to your stakeholders.
    all of the above
    It lacks of hidden agendas and conditions, accompanies by availability of full information required for collaboration, cooperation, and collective-decision-making.
    30s
  • Q9
    It has no low organizational cost and license fees.
    partnership
    sole proprietorship
    cooperative
    corporation
    30s
  • Q10
    Which of the following best desribes fairness?
    It is the quality of making judgments that are free from discrimination.
    all of the above
    It lacks of hidden agendas and conditions, accompanies by availability of full information required for collaboration, cooperation, and collective-decision-making.
    It is the ability to account for your actions and performance to your stakeholders.
    30s
  • Q11
    It lacks of hidden agendas and conditions, accompanies by availability of full information required for collaboration, cooperation, and collective-decision-making.
    fairness
    transparency
    responsibility
    accountability
    30s
  • Q12
    It encompasses the ability to apply specialized knowledge or expertise.
    technical skills
    conceptual skills
    none of the above
    human skills
    30s
  • Q13
    It is the mental ability that managers must have to analyze and diagnose complex situations.
    none of the above
    human skills
    technical skills
    conceptual skills
    30s
  • Q14
    It is when a person works not only hard and solidly but also efficiently, that is, with professionalism
    technical skills
    Human Maturity
    responsibility
    relational intelligence
    30s
  • Q15
    It is based on a combination of emotional intelligence and “ethical intelligence.
    responsibility
    solid competence
    humn maturity
    relational intelligence
    30s

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