Question

What is the difference between a business deal and a non-business transaction?

a.

In a business deal, it is acceptable to deduct commission, while in a non-business transaction, it is not.

b.

There is no difference between a business deal and a non-business transaction.

c.

In a non-business transaction, it is acceptable to deduct commission, while in a business deal, it is not.

d.

In a non-business transaction, it is acceptable to charge a higher price than the cost price, while in a business deal, it is not.

Answer: (a).In a business deal, it is acceptable to deduct commission, while in a non-business transaction, it is not. Explanation:In a business deal, it is acceptable to deduct commission, while in a non-business transaction, it is not.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What is the difference between a business deal and a non-business transaction?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. When is it ethical to charge a higher price for an article than its cost price?

Q. What is the difference between commission and kickback?

Q. When is it considered improper to pay commission?

Q. What is the suggested course of action to avoid conflict of interest in government?

Q. What is an employee's obligation to the organization?

Q. What is the difference between a business deal and a non-business transaction?

Q. When is it considered ethical to pay a commission to a person who has been of help in concluding a difficult transaction?

Q. When does a relationship become improper and is considered corruption?

Q. What is the suggested approach for officers in the context of corruption in Government?

Q. What is the difference between propriety and legality in the context of whistle-blowing?

Q. What protects whistle-blowers from punitive action by the employer in India?

Q. What are organisational values?

Q. Which of the following is an example of an individual in an organisational role conducting themselves in accordance with organisational values?

Q. How are disputes about code violations in organisations adjudicated?

Q. Who sets the values of an organisation?

Q. Which factor affects organisational values more strongly?

Q. What does ethics in business relate to?

Q. How are ethics observable in business decisions?

Q. What is an example of a decision that may have opposite impacts on different components of the environment?

Q. Why do some wage policies create difficulties in getting and retaining skilled personnel?

Recommended Subjects

Are you eager to expand your knowledge beyond IC90 Human Resource Management? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!