Unit Test 1

1. 1A constrained view of development, suggesting that we are to develop the world to enable man to honor God, is a key part of this biblical principle

   1. AImage bearers of God
   2. BJustice
   3. CLove for our neighbour
   4. DCultural mandate stewardship
2. 2Because we are image bearers of God we are created to

   1. Ashow Christ's love in all aspects of life
   2. Bbe in relationships which should be maintained and enhanced in our economic activities
   3. Cdo what is right, obeying all God's commands
   4. Duse the resources God has entrusted to us wisely
3. 3Righteousness, fairness or equity and caring for the weak exhibit this Biblical principle

   1. Aresponsible use of wealth
   2. Bjustice
   3. Cstewardship and cultural mandate
   4. Dhonesty
4. 4All of the follow statements are correct EXCEPT

   1. Asuccessful businesses seek to meet their social and ethical responsibilities
   2. Bbusiness provides good and services necessary to an economic system
   3. Cbusiness includes not-for-profit organizations that provide services to the public
   4. Dbusiness is an economic pulse of a nation
5. 5Today's workforce is changing because

   1. Aoutsourcing restricts business to having to be all things to all people
   2. Bthere is an aging population and shrinking labour pool
   3. Cthe workforce is increasingly homogenous
   4. Dworkers want less flexibility in their jobs
6. 6Arguments in favour of being socially responsible include the following EXCEPT

   1. ABusinesses should do their fair share to help others
   2. BAs members of society, businesses helped create many social problems, so they should help solve them.
   3. CSocial responsibility is necessary to long-term corporate survival.
   4. DBeing socially responsible can increase government regulation.
7. 7Business ethics refers to

   1. AEthical actions that guide how to plagiarize and get away with it.
   2. BPrinciples and standards to ensure profit in business.
   3. CActions that rescue our leadership when it is threatened.
   4. DAn individual's decisions that society evaluates as right or wrong.
8. 8one of the reformers, martin luther, taught that

   1. AThe Golden Rule should govern business activity.
   2. BGod holds that all of his people should be prosperous.
   3. CMoney was unspiritual, and that poverty was necessary for spiritual perfection.
   4. DThere were three conversions necessary for the believer (heart, mind and purse)
9. 9Pragmatism refers to the modern secular philosophy that espouses

   1. AMoral truth can never be known.
   2. BNothing is real but the physical.
   3. CTruth depends on the situation or person.
   4. DWhatever works is right.
10. 10the economic model or strategic approach to Corporate Social Responsiblity is based on the following concepts except

    1. ABusinesses should produce products that society needs.
    2. BThe primary responsibility of business is to earn a good rate of return for shareholders.
    3. CSociety will benefit most when business is left alone to produce and market profitable products.
    4. DOther stakeholders are directly or indirectly affected by business's actions.

11. 11This approach to ethical reasoning assess right or wrong by weighing the costs and benefits of a decision's outcome or end result, disregarding the means

    1. ARules of religion
    2. BRule ethics and justice
    3. CUtilitarianism
    4. DRights
12. 12Tripple bottom line reports include the following EXCEPT

    1. AReports on profit, people and the planet
    2. BActivities of suppliers, customers and distributors
    3. CCorporate social responsibility activities
    4. DQuantitative summaries of economic, environmental and social performance
13. 13A country has a strong private sector, along with publicly owned enterprises. Entrepreneurs and private sector investors are entitled to profits, after taxes, and even state owned enterprises are expected to at least break even. What type of economic system does this country have?

    1. Asocialisim
    2. Bmixed economy
    3. Ccommunisim
    4. Dcapitalist
14. 14All of the following are true in a socialist society except

    1. AExcess income goes to the government.
    2. BConsumers have some choice of goods and services.
    3. CCompetition is restricted in major industries.
    4. DWorkers have some choice of careers, but most work in government jobs.
15. 15Capatilism

    1. AIs an economic system founded on private ownership of business.
    2. BAllows only government ownership of the factors of production.
    3. CHas government ownership of basic industries.
    4. DIs becoming more popular.
16. 16In this type of economy, most businesses are owned by the government which makes decisions about how the goods and services are distributed to the consumers

    1. Acommunist
    2. Bmixed
    3. Ccapitalist
    4. Dsocialist
17. 17The basic function of an economy is to

    1. AAllocate wealth among people according to how hard they work.
    2. BCreate jobs for people
    3. CAllocate limited resources to the production of goods people need.
    4. DCreate a good environment for businesses.
18. 18The country Artesia exported product totaling $86 billion last year. During the year, Artesia imported more products valued at $43 billion. Artesia has a(n)

    1. ATrade surplus of $43 billion
    2. BUnfavourable balance of payments
    3. CTrade deficit of $43 billion
    4. DExchange rate of 2 to 1
19. 19A private corporation is one that

    1. ADoes not hire employees.
    2. BIs owned by only a few people and is not traded on a stock exchange.
    3. CHas shares traded on the TSE.
    4. DDoes not pay taxes on its income.
20. 20All of the following are contributions of small businesses EXCEPT

    1. Athey provide more job security than large corporations.
    2. Bthey provide needed services to the larger corporate community.
    3. Cthey fuel local economies
    4. Dthey create a substantial number of new jobs.
21. 21Jane has discovered that she is bored working for others. She wants to open a small business selling jewelry she has made and she has raided her savings account to provide the capital for start-up. which form of business should she open?

    1. APartnership
    2. Bsole Priportiship
    3. Ccorporation
    4. Djoint venture

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Test sobre Unit Test 1, creado por Anna-Maria Roth el 08/12/2020.

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