Exam 2: Integrity and Ethics: Foundations for Success in Small Business

Bernard praises his employees as often as he catches someone doing something right. He often hosts family get-togethers for his few employees. Bernard knows:

Richard believes the United States is the greatest nation on earth and that all other countries should subscribe to our system of democracy and human rights. Therefore, he expects his overseas sales reps to follow American business practices. This is an example of _________ _____________.

Match the term with its definition. -A general sense of honesty and reliability that is expressed in a strong commitment to doing the right thing, regardless of the circumstances

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

Millicent, founder of a small company that markets baked goods made from organic ingredients, emphasis honesty in all transactions. In this respect, Millicent acts with ____________.

Ralph has vending machines on his business property for the convenience of his employees. He reports on his income tax form only half the cash collected by these machines. The rest is hidden Ralph's personal account. This practice is an example of ___________.

Match the term with its definition. -The effort to protect and preserve the environment

Match the term with its definition. -Original intellectual creations, including inventions, literary creations, and works of art, that are protected by patents or copyrights

Damon landed his first contract as an entrepreneur then submitted to the local newspaper a news release that gave the impression this was just one of a series of contracts and that business was booming. Damon has:

The term for when an employee steals money from a firm is

The most widely recommended principle for ethical behavior is to do what

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

Garner developed a code of ethics for his growing business because:

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

In order to make an ethical decision, the key to problem definition is to

As her business grew, Gretchen could not spend as much time individually with her employees. She wanted to make sure her values and beliefs permeated the entire organization so she prepared a ____ __ ______ for distribution to all her employees so everyone could follow the same guiding principles.

Tyrone gives 1% of the profits of his company to local organizations like the Little League and the Boys and Girls Club. In this way, Tyrone is fulfilling his _________ ______________.

When evaluating alternatives, the entrepreneur will select one that is truthful, beneficial to all parties, fair, and

PRO factors include

Giving the impression a business is something it is not