
Midtern in Business Ethics
Quiz by Esmeralda Zulueta
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50 questions
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- Q1Which of the following statements is true about sole proprietorship?It is subject to numerous government regulations.It is owned by one personIt 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
- Q2It refers to an arrangement in which the individuals share the profits and liabilities of a business venture.sole proprietorshipcooperativepartnershipcorporation30s
- Q3It has a separate legal existence from its owners.cooperativecorporationsole proprietorshippartnership30s
- Q4It is a type of business that sells products it purchases from other businesses to customers.none of the abovemerchandising businessmanufacturing businessservice business30s
- Q5It changes basic inputs into products that are sold to customers.merchandising businessmanufacturingnone of the aboveservice business30s
- Q6Which of the following is not an advantage of the corporate form of business organization?easy and cheap to organizeability to obtain capitalContinuous lifetransferability of ownership30s
- Q7It has no restrictions on type of business as long as it is legalcooperativepartnershipcorporationsole proprietorship30s
- Q8Which 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 aboveIt lacks of hidden agendas and conditions, accompanies by availability of full information required for collaboration, cooperation, and collective-decision-making.30s
- Q9It has no low organizational cost and license fees.partnershipsole proprietorshipcooperativecorporation30s
- Q10Which of the following best desribes fairness?It is the quality of making judgments that are free from discrimination.all of the aboveIt 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
- Q11It lacks of hidden agendas and conditions, accompanies by availability of full information required for collaboration, cooperation, and collective-decision-making.fairnesstransparencyresponsibilityaccountability30s
- Q12It encompasses the ability to apply specialized knowledge or expertise.technical skillsconceptual skillsnone of the abovehuman skills30s
- Q13It is the mental ability that managers must have to analyze and diagnose complex situations.none of the abovehuman skillstechnical skillsconceptual skills30s
- Q14It is when a person works not only hard and solidly but also efficiently, that is, with professionalismtechnical skillsHuman Maturityresponsibilityrelational intelligence30s
- Q15It is based on a combination of emotional intelligence and “ethical intelligence.responsibilitysolid competencehumn maturityrelational intelligence30s