Business Ethics

Question 1

Is an enterprise or any lawful activity that provides products or services.

Answer 1

Business

Question 2

This popular form of business structure is the easiest to set up. (One owner who makes all of the business decisions).

Answer 2

Sole Proprietorship

Question 3

You can classify a business partnership as either general or limited

Answer 3

Partnership

Question 4

They don’t require a formal agreement.

Answer 4

General Partnership

Question 5

Require owners to file paperwork with the state and compose formal agreements.

Answer 5

Limited Partnership

Question 6

Is a business organization that acts as a unique and separate entity from its shareholder

Answer 6

Corporation

Question 7

Is an autonomous and duly registered association of persons

Answer 7

Cooperative

Question 8

A domestic corporation takes its own liabilities and is held responsible for its debts

Answer 8

Limited Liability Company

Question 9

Provide intangible products

Answer 9

Service Business

Question 10

Offer intangible goods and services typically charge for labor

Answer 10

Service Businesses

Question 11

Include banks and other companies that generate profits through investment and management of capital

Answer 11

Financial Businesses

Question 12

Deliver goods and individual to their destination

Answer 12

Transportation Businesses

Question 13

Produce public services such as electricity or sewage treatment

Answer 13

Utilities

Question 14

Also known as Buy and Sell businesses.

Answer 14

Merchandising Businesses

Question 15

Buys products at wholesale price and sell the same retail price

Answer 15

Merchandising Businesses

Question 16

Acts as a middleman and get goods produced by manufacturer

Answer 16

Retailers and Distributors

Question 17

Are companies that may be classified in more than one type of business

Answer 17

Hybrid Businesses

Question 18

Refers to the level of event handedness in dispensing justice

Answer 18

Fairnerss

Question 19

Is the obligation of an individual or organization to account for its activities

Answer 19

Accountability

Question 20

Refer to the act of being accountable to the shareholders of an organization

Answer 20

Corporate Transparency

Question 21

A person employed to manage another’s property

Answer 21

Stewardship

Question 22

Is a global company with over 88,000 employees that produces innovative technologies to change the world for the better

Answer 22

3M

Question 23

What is proper

Answer 23

Decorum

Question 24

Business Etiquette

Answer 24

Decorum

Question 25

Unwritten rules or guidelines that are peculiar to every culture or organization

Answer 25

Protocol

Question 26

4 types of protocol

Answer 26

The basic protocol, Training "" , Benefit "", International Business ""

Question 27

This encourages employees in a company to act in a uniform manner

Answer 27

Basic Protocol

Question 28

This help bridges economic, cultural,knowledge,and language gap

Answer 28

Training Protocol

Question 29

This will able to make informed decision about whether the company is right for them

Answer 29

Benefit Protocol

Question 30

Some knowledge about the rules and behaviors

Answer 30

International Business Protocol

Question 31

Guidelines to developed by an organization to governs its action

Answer 31

Policies

Question 32

How company encourages people to buy their products, services, or ideas

Answer 32

Advertising

Question 33

Process of product development as well as sales,promotion,and distribution

Answer 33

Marketing

Question 34

Process of recording all financial transactions to keep in track of cash flow

Answer 34

Bookkeeping

Question 35

Recorded in a single line only

Answer 35

Single - Entry Bookkeeping

Question 36

Reflected in two separate account

Answer 36

Double - Entry Bookkeeping

Question 37

Public reporting of operating and financial data by a business enterprise

Answer 37

Reportorial Requirements

Question 38

Processes and items which serve as evidence for the validity or truth of a certain claim or statement

Answer 38

Documentation

Question 39

What are the forms of Business Organizations

Answer 39

Sole Proprietorship Partnership Corporation Cooperative Limited Liability Company

Question 40

Three main forms of Corporations

Answer 40

C Corporation S Corporation LCC or Limited Liability Corporation

Question 41

Forms of manufacturing businesses

Answer 41

Agriculture and mining businesses Manufacturers Real State Businesses Information Businesses

Question 42

Reason why people start create a business

Answer 42

To be your own boss To build our future To create opportunities To create a customer

Question 43

Example on Decorum

Answer 43

On greetings On body language On handshake On listening

Question 44

FEATURES OF BUSINESS POLICY

Answer 44

Specific, Clear, Reliable/Uniform, Appropriate, Simple, Inclusive/Comprehensive, Flexible Stable.

Question 45

TYPES OF ANNUAL REPORT

Answer 45

Balance Sheet, Cash Flow Statement, Accounting Policies, Profit and loss account

Question 46

company’s values, ethics, objective, and responsibilities.

Answer 46

CODE OF ETHICS

Question 47

“Starting a business of your own is Divine Activity”;

Answer 47

RALP WALDO EMERSON