Part 1. Choose the correct answer of the folloliving:
1. What is the formula for calculating profit?
A. revenue minus loss
B. revenue plus costs
C. expenses minus revenue
D. revenue minus expenses
E. expenses p1us revenue
2. What is the term for the amount of goods and services people can buy with the money they Have?
A. quality of life
B. happiness
C. standard of living
D. consumer sentiment
E. social benefit
3. Entrepreneurs invest time and money in a business in spite of the fact that it may riot make a profit. In business terminology, what Ls this situation known as?
A. uncertainty
B. risk
C. venture
D. liability
E. feopardy
4. Which of the following is riot considered a traditional factor of production?
A. capital
B. natural resources
C. human resources
D. km:Pin/ledge
E. entrepreneurship
5. Which of the fol]ow[ng is NOT ono of the external forces that can encourage or discourage business development?
A. competitive
B. personal
C. global
D. economic
E. social
6. Which of the following is NOT a component of business-ethics scholar Archie B. Carroll's global social responsibility pyramid?
A. to obey the la.yv
B. to honor competitors
Cr to make a profit
D. to be ethical
E. to be a good global corporate citizen
7. Each of the following activities is considered both illegal and unethical EXCEPT which?
A. consumer fraud
B. cash payments to avoid taxes
C.. cancelling a company retirement plan
D. embezzlement
E_ sexual amassment
8. What would be considered the most ''personal" driver of appropriate behavior?
A. laws
B. valLies
C. ethics
D. corporate social responsibility
E. codes
9. Which of the following is NOT one of the primary strategles that organizations can use to foster high ethical standards?
A. encourage an ethical climate through top management staff
B. place covert vulhistieblowers or staff
C. develop stringent codes for ethical behavior
D. hire trustworthy, responsible employees
E. provide training in ethical conduct
10. Who plays the mast valuable role in supporting and implementing corporate social responsibffity (CSR)?
A. shareholders
B. human resources departments
C. accountants
D. the government
E top martagels.
11. Corporate policy, sustainability, community activities., and cause marketing are all components of which of the following? .A, blended value
B. integrity-based ethics codes
C. sociaf auditing
D. economic .respons;bilEty
E. social entrepreneurship
12. All of the folic:oozing are negative consequences suffered by a company's illegal behavior EXCEPT'which?
A. decreased stock values
B. lolover sales growth
C. higher-resource costs
D. negative stock returns
E. expensive lawsuits
13. Which of the following has NOT played a crucial role in the development of globalization?
A. migration
B. technology
C. investment
D. sustainability
E. communication
13. Which of the following is NOT a result of globalization?
A. development of huge international firms
B. development of e-commerce
C. segmentation of national markets
D. rise of small., Internet-enabled companies
E. emergence of the global workplace
15. Which of the following has NOT supported the expansion of free trade?
A. growth cif exports
B. foreign investment in Asia
C. collapse of communism in Eastern Europe
D. growth o imports
E. tighter economic regulation
16. Which of the follovy.ing statements correctly describes importing?
A. when a company makes goods domestically to sell domestically
B. when a company buys goods from another country and sells them domestically
C. when a company makes goods dornesticaiFy and sells th.em to other countries
D. when a company contracts a foreign company to produce goods to sell around the world
E. when comumen buy goods in another country and brthg them to their home country
Part 2. What is "business environment"? And explain the forces in the business environment.
Note : please explain in your own words don't copy and paste