APP 004

Question 1

study of moral obligation involving the distinction between right and wrong.
adaption of general rules of conduct in the society

Answer 1

ETHICS

Question 2

The ethical behavior required of entrepreneurs or referred to as Business Ethics

Answer 2

PUBLIC IMGAE, EMPLOYEE SATISFACTION, ETHICAL LEADERSHIP, ENVIRONMENTAL MANAGEMENT AND CONSUMERS AWARENESS

Question 3

The activities of an entrepreneur towards the welfare of the society earn goodwill and reputation for the business.

Answer 3

PUBLIC IMAGE

Question 4

Employees are part of the society. If you satisfy your needs, then you are doing social work.

Answer 4

EMPLOYEE SATISFACTION

Question 5

It is the belief that what an entrepreneur does has a strong influence on employees. If a manager cheats, Lies, steals or manipulates, then they are sending wrong signals to employees.

Answer 5

ETHICAL LEADERSHIP

Question 6

Institutions can do many things to protect and preserve the natural environment which includes plastic less business by giving paper bag, creating eco-friendly product, by eliminating production.

Answer 6

ENVIRONMENTAL MANAGEMENT

Question 7

Consumers have become very conscious about their rights. If you are giving high quality products at cheap rate, that is kind of social responsibility.

Answer 7

CONSUMER AWARENESS

Question 8

Social responsibility of an entrepreneurship towards different section of society.

Answer 8

EMPLOYEES, CONSUMERS, SHAREHOLDERS, CREDITIORS OR SUPPLIERS, CONSUMERS AND GOVERNMENT.

Question 9

Adam’s Smith’s Laissez Faire doctrine states that the market is a free market where the producers and consumers act in accordance to their own interest.

“Give me that which I want, and you shall have which you want”

is it true or false?

Answer 9

TRUE

Question 10

basic economics concept involving the buying and selling of goods. The exchange of goods or service between parties.

Answer 10

TRADE

Question 11

The exchange of goods and production of goods and services. esp of a larger scale it operate in a country or in international trade.

Answer 11

COMMERCE

Question 12

Bring specialized people, equipment, and other resources. The production of goods and services.

Answer 12

PRODUCT OR SERVICE SPECIALIZATION

Question 13

When more units of good or service can be produced on a large scale. This means business grows and production units increased, abusiness will have a better chance of to decrease its cost.

Answer 13

ECONOMIC SCALE

Question 14

Defines as a benefit or cost of a good or service

Answer 14

POSITIVE AND NEGATIVE EXTERNALITIES

Question 15

The simpliest term, is a package business investment that allows the buyer to begin a business. Involves entering into an agreement. Offer and sell the product of another

Answer 15

BUSINESS OPPORTUNITY

Question 16

Involves entering into an agreement. Offer and sell the product of anotheR, without being entitled by brand names.

Answer 16

DISTRIBUTORSHIP

Question 17

Agent or buyer enters into an agreement with the parent company by means of strategically located store racks

Answer 17

RACK JOBBING

Question 18

Businessperson must buy machines as well as the merchandise being sold in them.

Answer 18

VENDING MACHINE ROUTERS

Question 19

The description of how your business makes money, its how you deliver value to your customers at an appropriate cost.

Answer 19

BUSINESS MODEL

Question 20

BUSINESS MODEL BREAK INTO THREE PARTS WHICH

Answer 20

WHAT TO PRODUCE? (What) HOW TO PRODUCE? (How) HOW MUCH TO PRODUCE? (Value)

Question 21

Kind of business model that creating content that people want to read or watch.

Answer 21

ADVERTISING

Question 22

Links embedded in content instead of visual. It was known right now in tiktok which you can earn by promoting their products.

Answer 22

AFFILIATE

Question 23

kind of business model which connect buyers and sellers and help facilitate a transaction.

Answer 23

BROKERAGE

Question 24

selling the recipe for starting and running a successful business. It was putting your business in different place or field.

Answer 24

FRANCHISE

Question 25

allow sellers to list items for sale with easy tools for connecting sellers and consumers. With sometimes help of internet and media.

Answer 25

MARKETPLACE

Question 26

customers get charged for actual usage it was like service business.

Answer 26

PAY-AS-YOU-GO

Question 27

it is like renting. Customer need to return the product.

Answer 27

LEASING

Question 28

A type of business that is privately owned corporation, or sole proprietorships that have fewer employees a regular sized business or corporation.

Answer 28

SMALL BUSINESS

Question 29

Employing nine people or fewer, and having a balance sheet or turnover less than certain amount.

Answer 29

MINUTE/MICROENTERPRISE

Question 30

In the stock market, most stocks trade in alot size of 100 shares.

Answer 30

TRADING UNITS

Question 31

Are the businesses that maintain revenues, assets or a number of employees below a certain threshold. It has less than 250 employees.

Answer 31

SMALL AND MID-SIZE ENTERPRISE (SMEs)

Question 32

Has the annhal turnover greater than 1 Billion euros and has at least 100 to 490 employee

Answer 32

MEDIUM ENTERPRISE