Question 1

E-commerce minimizes conflicts of interests. ​

Accepted Answer

A) True 
 B)False

Question 2

In ethics theory, ____ analyzes the costs and benefits of potential alternative consequences of action or inaction. ​

Accepted Answer

A) obligation 
B) ideal 
C) utility 
D) value 
E) outcome 
A) obligation 
B) ideal 
C) utility 
D) value 
E) outcome

Question 3

A ____ precisely identifies the environment in which the company operates and communicates the company's fundamental philosophy.

Accepted Answer

A) code of ethics 
B) mission statement 
C) vision 
D) purpose 
E) strategy 
A) code of ethics 
B) mission statement 
C) vision 
D) purpose 
E) strategy

Question 4

All of the following are examples of poor ethics except ____.

Accepted Answer

A) not reporting all cash receipts 
B) cheating customers on price 
C) failing to pay bills on time ​ 
D) getting to work late ​ 
E) lying to customers, employees, and suppliers ​ 
A) not reporting all cash receipts 
B) cheating customers on price 
C) failing to pay bills on time ​ 
D) getting to work late ​ 
E) lying to customers, employees, and suppliers ​

Question 5

List some ways in which a company can become socially responsible.

Accepted Answer

Donate products or services. Put togethe

Question 6

The mission statement loosely identifies the company's objectives. ​

Accepted Answer

A) True 
 B)False

Question 7

It is important to stick to your ethical code because ____.

Accepted Answer

A) the law requires it 
B) that is always the easiest way to do business 
C) an entrepreneur's reputation is critical to success ​ 
D) an ethical code drives the company's vision 
E) All of these choices ​ 
A) the law requires it 
B) that is always the easiest way to do business 
C) an entrepreneur's reputation is critical to success ​ 
D) an ethical code drives the company's vision 
E) All of these choices ​

Question 8

____ which is/are the means to execute the strategies, should also be put in place.

Accepted Answer

A) Capitalization 
B) Some good tactics or action plans 
C) Employees 
D) A board of directors 
E) A purpose 
A) Capitalization 
B) Some good tactics or action plans 
C) Employees 
D) A board of directors 
E) A purpose

Question 9

An entrepreneur's personal ____ is really a function of the core values and vision that an entrepreneur has for his or her life.

Accepted Answer

A) code of ethics ​ 
B) mission 
C) strategy 
D) purpose 
E) definition of success 
A) code of ethics ​ 
B) mission 
C) strategy 
D) purpose 
E) definition of success

Question 10

Which of the following is not an area where ethical dilemmas are typically found?

Accepted Answer

A) Conflict of interest 
B) Survival tactics 
C) Stakeholder pressure 
D) Pushing the legal limit 
E) None of these choices; that is, ethical dilemmas arise in all these areas. 
A) Conflict of interest 
B) Survival tactics 
C) Stakeholder pressure 
D) Pushing the legal limit 
E) None of these choices; that is, ethical dilemmas arise in all these areas.

Question 11

The vision that guides a company in the right direction is expressed through its ____.

Accepted Answer

A) core values 
B) purpose 
C) mission 
D) goals 
E) All of these choices 
A) core values 
B) purpose 
C) mission 
D) goals 
E) All of these choices

Question 12

Entrepreneurs should wait until the venture is profitable before making an investment in social responsibility.

Accepted Answer

A) True 
 B)False

Question 13

Define mission statement. ​

Accepted Answer

A mission statement precisely identifies

Question 14

In order to answer the question "Why does the business exist?" you need to know its ____.

Accepted Answer

A) purpose 
B) mission 
C) strategies and tactics 
D) core values 
E) All of these choices ​ 
A) purpose 
B) mission 
C) strategies and tactics 
D) core values 
E) All of these choices ​

Question 15

Entrepreneurs are goal-oriented and tend to cite which of the following as a reason for going into business?

Accepted Answer

A) Money 
B) Prestige 
C) Personal values 
D) Control 
E) Peer pressure 
A) Money 
B) Prestige 
C) Personal values 
D) Control 
E) Peer pressure

Question 16

A company's core values derive from the personal values and beliefs of the founder. ​

Accepted Answer

A) True 
 B)False

Question 17

Define stakeholders.

Accepted Answer

Stakeholders include any person or organ

Question 18

The work of Paul Adler has determined that ____ is/are a critical first step in identifying and assessing an ethical dilemma. ​

Accepted Answer

A) accountability 
B) awareness 
C) legality 
D) values 
E) None of these choices 
A) accountability 
B) awareness 
C) legality 
D) values 
E) None of these choices

Question 19

Recent research has identified four categories of ethical decision making that entrepreneurs face on a daily basis, including individual values, organization values, external accountability, and ____. ​

Accepted Answer

A) core values 
B) social responsibility 
C) corporate vision 
D) customer satisfaction 
E) None of these choices 
A) core values 
B) social responsibility 
C) corporate vision 
D) customer satisfaction 
E) None of these choices

Question 20

Strategies are the plans for achieving the goals, and ultimately the mission, of the company. ​

Accepted Answer

A) True 
 B)False

E-commerce minimizes conflicts of interests.

In ethics theory, ____ analyzes the costs and benefits of potential alternative consequences of action or inaction.

A ____ precisely identifies the environment in which the company operates and communicates the company's fundamental philosophy.

All of the following are examples of poor ethics except ____.

List some ways in which a company can become socially responsible.

The mission statement loosely identifies the company's objectives.

It is important to stick to your ethical code because ____.

____ which is/are the means to execute the strategies, should also be put in place.

An entrepreneur's personal ____ is really a function of the core values and vision that an entrepreneur has for his or her life.

Which of the following is not an area where ethical dilemmas are typically found?

The vision that guides a company in the right direction is expressed through its ____.

Entrepreneurs should wait until the venture is profitable before making an investment in social responsibility.

Define mission statement.

In order to answer the question "Why does the business exist?" you need to know its ____.

Entrepreneurs are goal-oriented and tend to cite which of the following as a reason for going into business?

A company's core values derive from the personal values and beliefs of the founder.

Define stakeholders.

The work of Paul Adler has determined that ____ is/are a critical first step in identifying and assessing an ethical dilemma.

Recent research has identified four categories of ethical decision making that entrepreneurs face on a daily basis, including individual values, organization values, external accountability, and ____.

Strategies are the plans for achieving the goals, and ultimately the mission, of the company.

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Creating Opportunity

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping a Solution

Protecting the Startups Assets

Calculating Startup Capital Requirements

Building the Founding Team

Preparing a Business Plan

Designing an Entrepreneurial Organization

Choosing the Legal Form of Organization

Developing the Startup Marketing Plan

Creating a Startup Funding Strategy

Planning for Growth and Change

Funding Growth

Filters

Exam 15: Incorporating Ethics and Social Responsibility Into the Business

E-commerce minimizes conflicts of interests. ​

In ethics theory, ____ analyzes the costs and benefits of potential alternative consequences of action or inaction. ​

A ____ precisely identifies the environment in which the company operates and communicates the company's fundamental philosophy.

All of the following are examples of poor ethics except ____.

List some ways in which a company can become socially responsible.

The mission statement loosely identifies the company's objectives. ​

It is important to stick to your ethical code because ____.

____ which is/are the means to execute the strategies, should also be put in place.

An entrepreneur's personal ____ is really a function of the core values and vision that an entrepreneur has for his or her life.

Which of the following is not an area where ethical dilemmas are typically found?

The vision that guides a company in the right direction is expressed through its ____.

Entrepreneurs should wait until the venture is profitable before making an investment in social responsibility.

Define mission statement. ​

In order to answer the question "Why does the business exist?" you need to know its ____.

Entrepreneurs are goal-oriented and tend to cite which of the following as a reason for going into business?

A company's core values derive from the personal values and beliefs of the founder. ​

Define stakeholders.

The work of Paul Adler has determined that ____ is/are a critical first step in identifying and assessing an ethical dilemma. ​

Recent research has identified four categories of ethical decision making that entrepreneurs face on a daily basis, including individual values, organization values, external accountability, and ____. ​

Strategies are the plans for achieving the goals, and ultimately the mission, of the company. ​

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Creating Opportunity

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping a Solution

Protecting the Startups Assets

Calculating Startup Capital Requirements

Building the Founding Team

Preparing a Business Plan

Designing an Entrepreneurial Organization

Choosing the Legal Form of Organization

Developing the Startup Marketing Plan

Creating a Startup Funding Strategy

Planning for Growth and Change

Funding Growth

Filters

E-commerce minimizes conflicts of interests.

In ethics theory, ____ analyzes the costs and benefits of potential alternative consequences of action or inaction.

The mission statement loosely identifies the company's objectives.

Define mission statement.

A company's core values derive from the personal values and beliefs of the founder.

The work of Paul Adler has determined that ____ is/are a critical first step in identifying and assessing an ethical dilemma.

Recent research has identified four categories of ethical decision making that entrepreneurs face on a daily basis, including individual values, organization values, external accountability, and ____.

Strategies are the plans for achieving the goals, and ultimately the mission, of the company.