Exam 2: Entrepreneurial Integrity and Ethics

Sales people must often walk a fine line between persuasion and deception.

The saying "When in Rome, do as the Romans do" reflects a philosophy of _____.

There is a limit to the possible social responsiveness of small businesses because they must

List the six-step decision making process in order and comment on each of the steps in resolving ethical issues.

The goodwill gained from benefiting the community may be worth more than it costs.

Local, state, and federal tax obligations such as Social Security, Medicare and unemployment insurance must be withheld, but the largest tax burden on small business is the income tax because it must be paid whether the company makes a profit or not.

A person misrepresenting income or claiming personal expenses as business expenses is guilty of _____.

The price of integrity is high, but the potential payoff is incalculable because it is impossible to compute

U.S. Government assistance is available to lead the entrepreneur to compliance with environmental law through the

List the six steps to making an ethical decision.

Because a firm has considerable discretion in reporting performance results, financial reports can sometimes be _____ without technically being illegal.

While unethical practices do exist, it is good that the great majority of small firms strive to achieve the highest standards of ____ in their quest for profits.

As the Internet continues to grow, it is safe to assume that property rights will

Perhaps the greatest benefit of integrity in business is the _____ it generates.

Temptations and pressures to act unethically are thought to be greater in big business than in small business.

A recent survey found there was a strong connection between corporate citizen commitments and brand loyalty.

A prospective small business owner wonders what types of ethical problems may prove most difficult. If the business is typical, the owner should realize that problems are most likely to relate to

Stakeholders are those who neither can affect the performance of a company nor are they affected by it.

The interests of small business owners and environmentalists are not always in conflict.

The essence of ethical relativism is captured in the following statement: "When in Rome, do as the Romans do."