Exam 2: Integrity, Ethics And, Social Entrepreneurship

A baker looking for new retail space has returned from a seminar on environmentalism and wishes to act responsibly in this area.Which action will best accomplish this purpose?

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(Multiple Choice)

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Question 1

Correct Answer:

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In a small business, the most important key to ethical performance is:

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(Multiple Choice)

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Question 2

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What are some important social responsibilities of small businesses?

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(Essay)

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Question 3

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Small businesses, as well as large ones, have responsibilities to their communities, their customers and their employees.Protecting the environment from pollution and conserving resources such as soil, water, endangered species and old-growth forests benefit not only personal interests but those of future generations as well.Small businesses have an opportunity to sponsor worthwhile charitable causes within the community, simultaneously making a positive impact and obtaining goodwill.Treating people fairly rather than manipulating them for gain is a social responsibility both large and small businesses should assume, through responsiveness to consumers and through fair labour practices.

The most important influence on ethics in a small business is:

(Multiple Choice)

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Question 4

Carl understands that cultures develop different standards and practices that govern how business is conducted.He is careful to observe local customs when he interacts with foreign companies.Carls is practising _ .___.

(Short Answer)

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Question 5

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

(Multiple Choice)

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Question 6

Discuss the issues related to Internet usage and personal privacy from both a business perspective and an employee standpoint.What should a small business do to decrease conflict?

(Essay)

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Question 7

A digital ID tag that is electronically sent to the customer's computer when other requested materials are downloaded from a website is known as:

(Multiple Choice)

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Question 8

Waverly Corporation ensures the temperature of water released back into the river is the same temperature as water drawn from the river for its production needs.It does the same for its exhausted air.Its products are made with a minimal environmental impact and it has won many awards in its industry.Waverly Corporation is an example of a .

(Short Answer)

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Question 9

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

(Essay)

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Question 10

Providing inaccurate or misleading financial information to stakeholders can:

(Multiple Choice)

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Question 11

The application of South African standards to ethical issues that are clouded by cultural differences abroad is sometimes categorised as _____.

(Multiple Choice)

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Question 12

An organisation's employees would be considered __________________ in the business.

(Multiple Choice)

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Question 13

Entrepreneurs must reconcile their social obligations with _____.

(Multiple Choice)

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Question 14

A South African manager is upset with the company's overseas representative for paying a small "access fee" to a local customs official to ensure the expedited release of a customer order.The manager's belief such payments are wrong reflects a sense of _____.

(Multiple Choice)

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Question 15

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

(Multiple Choice)

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Question 16

The purpose of small business forums are:

(Multiple Choice)

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Question 17

Frans treats his customers with respect.He is always truthful, even if it means losing a sale.He uses high quality materials and careful craftsmanship.If he can't meet a customer's deadline, he says so.His customers appreciate his integrity, which has helped to build ________ between them and Frans.

(Short Answer)

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Question 18

Milton Friedman argues that businesses:

(Multiple Choice)

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Question 19

The type of tax most likely to be a problem for entrepreneurs is:

(Multiple Choice)

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Question 20

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Exam 2: Integrity, Ethics And, Social Entrepreneurship

A baker looking for new retail space has returned from a seminar on environmentalism and wishes to act responsibly in this area.Which action will best accomplish this purpose?

In a small business, the most important key to ethical performance is:

What are some important social responsibilities of small businesses?

The most important influence on ethics in a small business is:

Carl understands that cultures develop different standards and practices that govern how business is conducted.He is careful to observe local customs when he interacts with foreign companies.Carls is practising ___________ ._____________.

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

Discuss the issues related to Internet usage and personal privacy from both a business perspective and an employee standpoint.What should a small business do to decrease conflict?

A digital ID tag that is electronically sent to the customer's computer when other requested materials are downloaded from a website is known as:

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

Providing inaccurate or misleading financial information to stakeholders can:

The application of South African standards to ethical issues that are clouded by cultural differences abroad is sometimes categorised as _____.

An organisation's employees would be considered __________________ in the business.

Entrepreneurs must reconcile their social obligations with _____.

A South African manager is upset with the company's overseas representative for paying a small "access fee" to a local customs official to ensure the expedited release of a customer order.The manager's belief such payments are wrong reflects a sense of _____.

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

The purpose of small business forums are:

Milton Friedman argues that businesses:

The type of tax most likely to be a problem for entrepreneurs is:

The Entrepreneurial Life

Starting a Small Business

Franchising and Buyouts

The Family Business

The Business Plan: Visualizing the Dream

The Marketing Plan

The Organizational Plan: Teams, Legal Structures, Alliances, and Directors

The Location Plan

Understanding a Firms Financial Statements

Forecasting Financial Requirements

A Firms Sources of Financing

Planning for the Harvest

Building Customer Relationships

Product and Supply Chain Management

Pricing and Credit Decisions

Promotional Planning

Global Opportunities for Small Business

Professional Management and the Small Business

Managing Human Resources

Managing Operations

Managing the Firms Assets

Managing Risk in the Small Business

Filters

Carl understands that cultures develop different standards and practices that govern how business is conducted.He is careful to observe local customs when he interacts with foreign companies.Carls is practising _ .___.