Business And FinanceBusiness Enterprise – Test 1 (Part 1)
Please enter something

Business Enterprise – Test 1 (Part 1)

Olida Green avatar Olida Green
22 January 2024
4.8 (99 reviews)
15 test answers

Unlock all answers in this set

Unlock answers (11)
question
Profit
answer
The amount a business earns after deducting what is spends for salaries and other expenses
question
A common characteristic of most entrepreneurs is that they:
answer
Accept the risks involved in starting and managing a business
question
Two factors of production that seem to contribute the most to a nation's ability to create wealth:
answer
Entrepreneurship and knowledge
question
Which of the following policies would tend to foster entrepreneurship?
answer
Minimize taxes and regulations
question
Empowerment
answer
Giving employees the authority to make decisions
question
Communism
answer
The economic and political system in which the government owns all the major factors of production
question
Monopoly
answer
Exists when the entire supply of a good is controlled by a single seller
question
Mixed
answer
The economic system of most nations
question
GDP
answer
The total value of final goods and services produced within a nation's borders in a given year
question
Fiscal Policy
answer
The federal government's efforts to keep companies stable by raising or lowering taxes or government spending
question
Laws represent the standards of _______ behavior
answer
Legal
question
Ethical dilemmas in business:
answer
Often force us to choose between equally unsatisfactory alternatives
question
The majority of CEOs blame unethical employee conduct on:
answer
A failure of leadership in traditional institutions
question
Corporate ______ covers issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution
answer
Responsibility
question
Insider trading involves:
answer
Investors using private company information to further their own fortunes