Chapter 2: Business Organizations for Socio-Economic Development

Customers in different social classes have different tastes and preferences.

• TRUE

• FALSE

The words fair and ethical are not related.

• TRUE

• FALSE

Development is defined as a state in which things are...

The amount of money individuals earn from their daily economic activities, be it employment, business, or investments.

Equips members of the society with the skills and knowledge they require to be employed in different jobs and professions.

The type of jobs people perform by virtue of their skills, experiences or choices.

Being responsible or answerable for an action.

• Accountability

• Fairness

• Integrity

• Transparency

Choosing to commit to honesty before being faced between choosing between right or wrong.

• Accountability

• Fairness

• Integrity

• Transparency

Taking responsibility for the safe manufacture, distribution and use of their products, as well as their disposal and/or recycling

• Cultural Stewardship

• Data Stewardship

• Product Stewardship

• Resource Stewardship

Subconscious and immediate creations of a mental picture about others based on their status.