Question 1

To create an environment for your people that facilitates ethical behavior,an entrepreneur should:

Accepted Answer

A) set the tone and establish and enforce policies. 
B) not need to educate. 
C) punish whistle blowers. 
D) All of the above 
A) set the tone and establish and enforce policies. 
B) not need to educate. 
C) punish whistle blowers. 
D) All of the above

Question 2

The advertisement and resulting product,"A psychically energized weight loss program," which turned out to be a book on how to achieve a positive mental attitude,violates which responsibility to the customer?

Accepted Answer

A) the right to know 
B) the right to safety 
C) the right to be heard 
D) the right to choose 
A) the right to know 
B) the right to safety 
C) the right to be heard 
D) the right to choose

Question 3

Ethical behavior is concerned with doing things "right.".

Accepted Answer

A) True 
 B)False

Question 4

What are the small business owner's responsibilities to his/her investors and community?

Accepted Answer

Increasingly,companies are seeing a need

Question 5

The various groups who affect and are affected by the decisions and actions of a small business are called:

Accepted Answer

A) suppliers. 
B) stakeholders. 
C) minorities. 
D) intermediaries. 
A) suppliers. 
B) stakeholders. 
C) minorities. 
D) intermediaries.

Question 6

An employer can be held liable for sexual harassment if he/she knew or should have known of the harassment and failed to take prompt action to stop it.

Accepted Answer

A) True 
 B)False

Question 7

If the small business owner wants to demonstrate that the company is serious about its responsibility toward employees,he/she should:

Accepted Answer

A) focus on creating the maximum return on investment. 
B) listen to employees and involve them in decision making. 
C) begin a reengineering effort to improve productivity. 
D) decrease the cultural diversity in his/her company. 
A) focus on creating the maximum return on investment. 
B) listen to employees and involve them in decision making. 
C) begin a reengineering effort to improve productivity. 
D) decrease the cultural diversity in his/her company.

Question 8

Which one of the following is a company's stakeholder?

Accepted Answer

A) Employees 
B) Unions 
C) Investors 
D) All of the above 
A) Employees 
B) Unions 
C) Investors 
D) All of the above

Question 9

To cope successfully with the myriad ethical decisions they face,entrepreneurs must develop a workable ethical framework to guide themselves and the organization.

Accepted Answer

A) True 
 B)False

Question 10

In terms of social responsibility to the consumer,consumers have a right to be heard by the company.

Accepted Answer

A) True 
 B)False

Question 11

When it comes to carrying out its social responsibility,one of the most important constituencies to the small business is its employees.

Accepted Answer

A) True 
 B)False

Question 12

While corporate culture influences employees' ethical decisions,managers have little impact on those decisions.

Accepted Answer

A) True 
 B)False

Question 13

Companies can avoid drug and other related problems by including several key elements in the company drug program,such as:

Accepted Answer

A) drug testing all employees periodically regardless of need. 
B) having a written substance abuse policy. 
C) turning supervisors into "drug police" by having them watch employees for signs of substance abuse. 
D) including all of these in the drug program. 
A) drug testing all employees periodically regardless of need. 
B) having a written substance abuse policy. 
C) turning supervisors into "drug police" by having them watch employees for signs of substance abuse. 
D) including all of these in the drug program.

Question 14

Coping with AIDS in the workplace is not like managing normal health care issues..

Accepted Answer

A) True 
 B)False

Question 15

The ultimate decision on whether to abide by ethical principles in any given situation rests with:

Accepted Answer

A) the manager. 
B) the business owner. 
C) the individual. 
D) stakeholders. 
A) the manager. 
B) the business owner. 
C) the individual. 
D) stakeholders.

Question 16

Consumers have the right to honest communication about the products and services they buy and the companies they buy them from.

Accepted Answer

A) True 
 B)False

Question 17

Businesses with less than 50 employees are not subject to ADA and therefore may deal with HIV-positive and AIDS-infected employees without fear of government action.

Accepted Answer

A) True 
 B)False

Question 18

Perhaps the best way to deal with the environmental challenges we face would be to:

Accepted Answer

A) create redesigned,"clean" manufacturing systems. 
B) conduct corporate education programs on the issues for employees. 
C) revert society to a simpler,more environmentally friendly economy. 
D) enhance efforts at recycling existing waste. 
A) create redesigned,"clean" manufacturing systems. 
B) conduct corporate education programs on the issues for employees. 
C) revert society to a simpler,more environmentally friendly economy. 
D) enhance efforts at recycling existing waste.

Question 19

The United States Supreme Court changed the nature of an employer's liability for sexual harassment,accepting the previous standard that the employer had to be negligent somehow to be liable for a supervisor's improper behavior toward employees.

Accepted Answer

A) True 
 B)False

Question 20

A code of ethics is a written statement of the standards of behavior and ethical principles a company expects from its employees.

Accepted Answer

A) True 
 B)False

Exam 21: Ethics and Social Responsibility: Doing the Right Thing

To create an environment for your people that facilitates ethical behavior,an entrepreneur should:

The advertisement and resulting product,"A psychically energized weight loss program," which turned out to be a book on how to achieve a positive mental attitude,violates which responsibility to the customer?

Ethical behavior is concerned with doing things "right.".

What are the small business owner's responsibilities to his/her investors and community?

The various groups who affect and are affected by the decisions and actions of a small business are called:

An employer can be held liable for sexual harassment if he/she knew or should have known of the harassment and failed to take prompt action to stop it.

If the small business owner wants to demonstrate that the company is serious about its responsibility toward employees,he/she should:

Which one of the following is a company's stakeholder?

To cope successfully with the myriad ethical decisions they face,entrepreneurs must develop a workable ethical framework to guide themselves and the organization.

In terms of social responsibility to the consumer,consumers have a right to be heard by the company.

When it comes to carrying out its social responsibility,one of the most important constituencies to the small business is its employees.

While corporate culture influences employees' ethical decisions,managers have little impact on those decisions.

Companies can avoid drug and other related problems by including several key elements in the company drug program,such as:

Coping with AIDS in the workplace is not like managing normal health care issues..

The ultimate decision on whether to abide by ethical principles in any given situation rests with:

Consumers have the right to honest communication about the products and services they buy and the companies they buy them from.

Businesses with less than 50 employees are not subject to ADA and therefore may deal with HIV-positive and AIDS-infected employees without fear of government action.

Perhaps the best way to deal with the environmental challenges we face would be to:

The United States Supreme Court changed the nature of an employer's liability for sexual harassment,accepting the previous standard that the employer had to be negligent somehow to be liable for a supervisor's improper behavior toward employees.

A code of ethics is a written statement of the standards of behavior and ethical principles a company expects from its employees.

Entrepreneurs: the Driving Force Behind Small Business

Strategic Management and the Entrepreneur

Choosing a Form of Ownership

Franchising and the Entrepreneur

Buying an Existing Business

Conducting a Feasibility Analysis and Crafting a Winning Business Plan

Creating a Solid Financial Plan

Managing Cash Flow

Building a Guerrilla Marketing Plan

Creative Use of Advertising and Promotion

Pricing and Credit Strategies

Global Marketing Strategies

E-Commerce and Entrepreneurship

Sources of Equity Financing

Sources of Debt Financing

Location,layout,and Physical Facilities

Supply Chain Management

Managing Inventory

Staffing and Leading a Growing Company

Management Succession and Risk Management Strategies in the Family Business

The Legal Environment: Business Law and Government Regulation

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