Question 1

________ sets behavioral boundaries for decision makers.

Accepted Answer

A) The strategic plan 
B) Strategy 
C) Ethics 
D) The financial plan 
A) The strategic plan 
B) Strategy 
C) Ethics 
D) The financial plan C

Question 2

In 2020, members of three different generations will be working side-by-side in the United States.

Accepted Answer

A) True 
 B)False  False

Question 3

Organizational policies and procedures include a broader definition of ethical standards that go beyond what is defined by the law.

Accepted Answer

A) True 
 B)False  True

Question 4

What are the steps in establishing an ethical framework?

Accepted Answer

The five steps in establishing an ethica

Question 5

Which of the following is not a stakeholder for an organization?

Accepted Answer

A) Creditors 
B) Employees 
C) Suppliers 
D) All of the above are stakeholders. 
A) Creditors 
B) Employees 
C) Suppliers 
D) All of the above are stakeholders.

Question 6

One of the rights given to consumers by the Consumer Bill of Rights is the right to safety.

Accepted Answer

A) True 
 B)False

Question 7

Immoral managers purposely violate law and ethical standards.

Accepted Answer

A) True 
 B)False

Question 8

The three parts of the triple bottom line are ________.

Accepted Answer

A) processes, profits, and people 
B) profit, people, and planet 
C) processes, profit, and predominance 
D) profit, processes, and planet 
A) processes, profits, and people 
B) profit, people, and planet 
C) processes, profit, and predominance 
D) profit, processes, and planet

Question 9

Actions that are legal, however, may not be ________.

Accepted Answer

A) ethical 
B) complex 
C) profitable 
D) doable 
A) ethical 
B) complex 
C) profitable 
D) doable

Question 10

In terms of a business's responsibility to the community, the goal of a business should be to become ________.

Accepted Answer

A) a neighbor of choice 
B) highly profitable 
C) the investment of choice to stockholders 
D) the most popular to employees 
A) a neighbor of choice 
B) highly profitable 
C) the investment of choice to stockholders 
D) the most popular to employees

Question 11

Entrepreneurs build the foundation for ethical decision making by understanding how their personal values come to life in business situations.

Accepted Answer

A) True 
 B)False

Question 12

Ethical decisions are individual decisions.

Accepted Answer

A) True 
 B)False

Question 13

A company credo offers general guidance in ethical issues.

Accepted Answer

A) True 
 B)False

Question 14

________ is/are the narrowest level of ethical standards.

Accepted Answer

A) The law 
B) Organizational policies and procedures 
C) Social responsibility 
D) The moral stance 
A) The law 
B) Organizational policies and procedures 
C) Social responsibility 
D) The moral stance

Question 15

Companies must recognize the independence of business and society.

Accepted Answer

A) True 
 B)False

Question 16

Every business influences and is influenced by a multitude of stakeholders.

Accepted Answer

A) True 
 B)False

Question 17

Employees are at the heart of increases in productivity.

Accepted Answer

A) True 
 B)False

Question 18

________ may be the result of failing to realize that an ethical dilemma exists, or it may arise from a variety of mental defense mechanisms.

Accepted Answer

A) Dishonesty 
B) Criminal behavior 
C) Irresponsibility 
D) Moral blindness 
A) Dishonesty 
B) Criminal behavior 
C) Irresponsibility 
D) Moral blindness

Question 19

The law is the narrowest level of ethical standards.

Accepted Answer

A) True 
 B)False

Question 20

Contributing to a PTA and donating to build a community park are civic actions. Could they not be considered good actions because they indicate social responsibility?

Accepted Answer

Because business is allowed to operate i

________ sets behavioral boundaries for decision makers.

In 2020, members of three different generations will be working side-by-side in the United States.

Organizational policies and procedures include a broader definition of ethical standards that go beyond what is defined by the law.

What are the steps in establishing an ethical framework?

Which of the following is not a stakeholder for an organization?

One of the rights given to consumers by the Consumer Bill of Rights is the right to safety.

Immoral managers purposely violate law and ethical standards.

The three parts of the triple bottom line are ________.

Actions that are legal, however, may not be ________.

In terms of a business's responsibility to the community, the goal of a business should be to become ________.

Entrepreneurs build the foundation for ethical decision making by understanding how their personal values come to life in business situations.

Ethical decisions are individual decisions.

A company credo offers general guidance in ethical issues.

________ is/are the narrowest level of ethical standards.

Companies must recognize the independence of business and society.

Every business influences and is influenced by a multitude of stakeholders.

Employees are at the heart of increases in productivity.

________ may be the result of failing to realize that an ethical dilemma exists, or it may arise from a variety of mental defense mechanisms.

The law is the narrowest level of ethical standards.

Contributing to a PTA and donating to build a community park are civic actions. Could they not be considered good actions because they indicate social responsibility?

The Foundations of Entrepreneurship

Creativity and Innovation: Keys to Entrepreneurial Success

Conducting a Feasibility Analysis and Designing a Business Model

Crafting a Business Plan and Building a Solid Strategic Plan

Forms of Business Ownership

Buying an Existing Business

Franchising and the Entrepreneur

Building a Powerful Bootstrap Marketing Plan

E-Commerce and the Entrepreneur

Pricing and Credit Strategies

Creating a Successful Financial Plan

Managing Cash Flow

Choosing the Right Location and Layout

Sources of Financing: Equity and Debt

Global Aspects of Entrepreneurship

Building a New Venture Team and Planning for the Next Generation

Filters

Exam 2: Ethics and Social Responsibility: Doing the Right Thing

________ sets behavioral boundaries for decision makers.

In 2020, members of three different generations will be working side-by-side in the United States.

Organizational policies and procedures include a broader definition of ethical standards that go beyond what is defined by the law.

What are the steps in establishing an ethical framework?

Which of the following is not a stakeholder for an organization?

One of the rights given to consumers by the Consumer Bill of Rights is the right to safety.

Immoral managers purposely violate law and ethical standards.

The three parts of the triple bottom line are ________.

Actions that are legal, however, may not be ________.

In terms of a business's responsibility to the community, the goal of a business should be to become ________.

Entrepreneurs build the foundation for ethical decision making by understanding how their personal values come to life in business situations.

Ethical decisions are individual decisions.

A company credo offers general guidance in ethical issues.

________ is/are the narrowest level of ethical standards.

Companies must recognize the independence of business and society.

Every business influences and is influenced by a multitude of stakeholders.

Employees are at the heart of increases in productivity.

________ may be the result of failing to realize that an ethical dilemma exists, or it may arise from a variety of mental defense mechanisms.

The law is the narrowest level of ethical standards.

Contributing to a PTA and donating to build a community park are civic actions. Could they not be considered good actions because they indicate social responsibility?

The Foundations of Entrepreneurship

Creativity and Innovation: Keys to Entrepreneurial Success

Conducting a Feasibility Analysis and Designing a Business Model

Crafting a Business Plan and Building a Solid Strategic Plan

Forms of Business Ownership

Buying an Existing Business

Franchising and the Entrepreneur

Building a Powerful Bootstrap Marketing Plan

E-Commerce and the Entrepreneur

Pricing and Credit Strategies

Creating a Successful Financial Plan

Managing Cash Flow

Choosing the Right Location and Layout

Sources of Financing: Equity and Debt

Global Aspects of Entrepreneurship

Building a New Venture Team and Planning for the Next Generation

Filters