Essay on Business Plan

2372 Words Aug 10th, 2013 10 Pages
.
Successful firms generate long-term profits by delivering unsurpassed value to their customers.
A) True
B) False
Points Earned: 2.0/2.0
Correct Answer(s): True

Correct Incorrect Ungraded
2.
A firm will experience a loss when its revenue is less than its expenses.
A) True
B) False
Points Earned: 2.0/2.0
Correct Answer(s): True

Correct Incorrect Ungraded
3.
Business will incur a profit when expenses are higher than revenue.
A) True
B) False
Points Earned: 2.0/2.0
Correct Answer(s): False

Correct Incorrect Ungraded
4.
Profit is the money that a business earns in revenue, minus investments, and the cost of salaries.
A) True
B) False
Points Earned: 0.0/2.0
Correct Answer(s): False

Correct
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Good friends, Ben and Josh, are working on a team assignment in statistics. They had planned to work on the project last night, but Josh called at the last minute saying he had a conflict. Ben ended up doing all of the work. The instructor is giving each student the opportunity to critique the effort of his or her partner. Ben knows Josh needs the points on the assignment in order to pass the course and would like to keep Josh as a friend. If Ben decides to say that Josh deserves equal credit, he would be using relative ethical standards.
A) True
B) False
Points Earned: 0.0/2.0
Correct Answer(s): True

Correct Incorrect Ungraded
22.
Business ethics is the application of right and wrong, good and bad in a business setting.
A) True
B) False
Points Earned: 0.0/2.0
Correct Answer(s): True

Correct Incorrect Ungraded
23.
A question to ask when making a decision based on individual ethical beliefs is: could you defend your decision on the nightly TV news?
A) True
B) False
Points Earned: 0.0/2.0
Correct Answer(s): True

Correct Incorrect Ungraded
24.
In order to make ethical decisions, it is helpful to think about several questions, including: 1) who will be impacted by the decision, 2) who will benefit from the decision, and 3) who will suffer from the decision.
A) True
B) False
Points Earned: 0.0/2.0
Correct Answer(s): True

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