B. E. Unit 1 &2 Review (a)

Place the terms below in the correct category of direct and indirect competitors for Domino's.

Groups:

(a) Direct

,

(b) Indirect

• Subway

• Chipotle

• Five Guys
• Bojangles

• Burger King
• mcdonald's

Categorize characteristics of each economic type

Groups:

(a) Traditional

,

(b) Command

,

(c) Market

,

(d) Mixed

• Strict adherence to rules

• Limited flexibility in operations

• Centralized decision-making

• Encourages collaboration between different sectors

• Prioritizes sustainability

• Encourages competition among producers

• Focuses on consumer preferences

• Utilizes advertising and marketing strategies

• Utilizes both local and global resources

• Relies on historical practices

• Balances profit motives with community needs

• Combines elements of both traditional and market approaches

• Focuses on local resources

• Government controls the resources

• Produces based on needs

• Driven by supply and demand

What is the basic principle that governs behavior?

• Transparency

• Ethics

• Accountability

• Viability

Adhering to an established set of personal ethics is known as:

• Fairness

• Transparency

• Integrity

• Accountability

The condition of having to answer for or be liable for your actions is called:

• Transparency

• Respect

• Accountability

• Fairness

The quality of being open and truthful when communicating is:

• Trustworthy

• Transparency

• Integrity

• Respect

What is the ability to make judgments without favoritism or self-interest?

• Respect

• Fairness

• Integrity

• Rule of law

Which principle refers to complying with laws and regulations?

• Rule of law

• Fairness

• Accountability

• Integrity

The long-term value of your choices is called:

• Integrity

• Viability

• Accountability

• Trustworthy

What is a dilemma in which one must decide whether something is right or wrong?

• Ethical dilemma

• Respect dilemma

• Moral dilemma

• Consequence dilemma