Exam 3: Small Business Environment: Managing External Relations

In innovation,it is mandatory for a person to be sure how a new idea is going to turn out.

Small businesses high in social capital are less trusted when problems occur.

In a negotiation settlement,_____ refers to the second-best outcome identified by the parties to help clarify the value of achieving a successful negotiation.

How can a business achieve sustainability? How can a business make profits out of enhancing others' sustainability efforts?

Which of the following is an element of a firm's internal environment?

LaRue Hosmer's model for making ethical decisions is focused more on small business than big ones.

_____ is an approach to operating a firm or a line of business which identifies,creates,and exploits opportunities to make a profit in a manner that can minimize the depletion of natural resources,maximize the use of a recycled material,or improve the environment.

Documentation and demonstration offered for products are product-based legitimacy indicators of _____.

Which of the following legitimacy-building features is indicated through the sale of merchandise or services by giving it a brand identity?

By efficiently managing external relations,small businesses typically aim at creating _____.

_____ refers to a situation where a person's values are in conflict,making it unclear whether a particular decision is the right thing to do.

Having well-known or well-regarded owners,employees,supporters,or spokespeople primarily increases a firm's _____ legitimacy.

Briefly describe the four philosophies related to ethics a person can use to evaluate alternatives he or she has generated to solve a problem.

When compared to large businesses,small business owners start their business typically to take advantage of:

Discuss some of the feasible ways of monitoring the environment of small businesses.

Briefly discuss LaRue Hosmer's model for making ethical decisions in business.

Gathering resources for a business is easier during economic recessions than during economic boom times.

_____ means "let the buyer beware," and is a philosophy sometimes used by businesses to put the burden for consumer protection onto a customer.

The questions on who will be hurt and how much,who will benefit and how much,what does the owner or the firm owe others,and what do others owe the owner and the firm are typically asked when:

A firm will be recognized for its industry leadership,a product-based legitimacy building characteristic,typically when: