Exam 4: Maintaining Good Government Relations and Business Ethics

One's personal ethic is one's own belief system.

What are business ethics?

Small Business Development Centers provide counseling, training, and technical assistance in small business management.

All U.S. laws affecting businesses are based on the federal or a state constitution.

_____ is also known as the "green" movement.

AMF Systems uses certain standards to judge the rightness or wrongness of its business's and its personnel's relations to others. These standards are called _____.

_____ is a group of volunteer members who specialize in helping people develop their business ideas.

Business ethics are the standards used to judge the rightness or wrongness of a business's relations to others.

When regulations are imposed on one industry or business, they often create opportunities for other small entrepreneurs.

Environmental protection involves:

What is the Uniform Commercial Code?

Chapter 11 of the Bankruptcy Reform Act of 1978 provides for reorganizing of a bankrupt business.

Which of the following is true for criminal law?

The Service Corps of Retired Executives is sponsored by the Minority Business Development Agency.

_____ is the organized efforts of independent, government, and business groups to protect end users from undesirable effects of poorly designed and produced products.

What is meant by environmental protection and pollution control in the context of small businesses?

Voluntary bankruptcy is a situation in which one or more creditors file a bankruptcy petition against the debtor.

The Small Business _____ Act requires each federal agency to set up compliance centers to help small businesses deal with pending legislation.

Personal responsibility is defined as the obligation of a business to follow desirable courses of action in terms of society's values and objectives.

Which of the following is a disadvantage of government regulations?