Aside from contributions to our general economic well-being, founders of small businesses also contribute to growth and vitality in specific areas of economic and socioeconomic development. Which of the following is something that small businesses are NOT known for doing?

Chantal stays at work during her lunch hour to plan her wedding. She uses her office computer and the copier to browse options, order samples, and hire vendors. Is her behavior unethical?

Which of the following is NOT a disadvantage of business ownership?

A business exerts very little, if any, control over the ___________ environment.

Which of the following is an example of a not-for-profit organization?

Cecilia is a restaurant manager and must evaluates her restaurant’s drive-through performance. The drive through should complete orders with 100% accuracy within two minutes. She observes the drive through and sees that orders are 93% accurate and are completed in three minutes. Since performance is below the standards she wants, what should she do next?

What are the two ends of the continuum of economic systems?

This type of international business strategy involves purchasing products from other countries and reselling them in one’s own country:

_________ is the approach that an organization takes in balancing its responsibilities toward different stakeholders when making legal, economic, ethical, and social decisions.

_______________ consists of everything that a company does to identify customers’ needs and designing products to meet those needs.