BUSINESS ETHICS- QUIZ#1

It is a form of business which is owned by one person

• Partnership

• Sole Proprietorship

• Corporation

• Cooperative

A business form which is owned by two or more individuals.

• Sole Proprietorship

• Cooperative

• Partnership

• Corporation

In a non-government office, it is very important because the appropriate information disclosure is necessary to inform donors about how their money is used by a certain organization.

• Accountability

• Transparency

• Responsibility

• Fairness

These are mental abilities that managers must have to better understand, analyze, and diagnose complex situations.

• Human Skills

• Technical skills

• Conceptual Skills

• Management

They go beyond their self-interest and focus on opportunities to help followers grow and develop.

• Incorporator

• Member

• Proprietor

• Partner

Forms of business organization in which the owner has all the profits.

• Corporation

• Partnership

• Sole Proprietorship

• Business

One of its disadvantages is that the business operation is restricted by law

• Sole Proprietorship

• Corporation

• Partnership

• Equity

It is easier to raise capital as there are more than one investor.

• Partnership

• Sole Proprietorship

• Corporation

• Capital

It is easy to form and operate.

• Corporation

• Partnership

• Capital

• Sole Proprietorship

It can easily raise additional by selling shares of stock to the public.

• Sole Proprietorship

• Corporation

• Partnership

• Equity