Question 1

What is consumerism?

Accepted Answer

Consumerism is the organized efforts of

Question 2

Which form of conservation involves reprocessing used items for future use?

Accepted Answer

A)  Updating 
B)  Recycling 
C)  Afforesting 
D)  Reducing 
A)  Updating 
B)  Recycling 
C)  Afforesting 
D)  Reducing

Question 3

The Uniform Commercial Code is a set of uniform model statues to govern business and commercial transactions in all states.

Accepted Answer

A) True 
 B)False

Question 4

Which government organization grants awards for the "Small Business Persons of the Year"?

Accepted Answer

A)  Small Business Administration 
B)  Production Credit Association 
C)  U.S. Department of Commerce 
D)  Small Business Development Center 
A)  Small Business Administration 
B)  Production Credit Association 
C)  U.S. Department of Commerce 
D)  Small Business Development Center

Question 5

Small Business Development Centers are wholly funded by the Small Business Administration.

Accepted Answer

A) True 
 B)False

Question 6

Tort laws provide for the performance of duties and compensation for the injuries resulting from faulty products.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is true about bankruptcy?

Accepted Answer

A)  When one or more creditors file the bankruptcy petition against the debtor, it's called ordinary bankruptcy. 
B)  Chapter 11 of the Bankruptcy Reform Act of 1978 contains a provision for reorganizing the bankrupt business only when the bankruptcy petition is filed voluntarily. 
C)  Involuntary bankruptcy occurs when a debtor files an application with a court claiming that debts exceed assets and asks to be declared bankrupt. 
D)  Under bankruptcy law, people or businesses can petition the courts to be relieved of the obligation to pay debts they cannot repay. 
A)  When one or more creditors file the bankruptcy petition against the debtor, it's called ordinary bankruptcy. 
B)  Chapter 11 of the Bankruptcy Reform Act of 1978 contains a provision for reorganizing the bankrupt business only when the bankruptcy petition is filed voluntarily. 
C)  Involuntary bankruptcy occurs when a debtor files an application with a court claiming that debts exceed assets and asks to be declared bankrupt. 
D)  Under bankruptcy law, people or businesses can petition the courts to be relieved of the obligation to pay debts they cannot repay.

Question 8

One's _____ is one's own belief system that tells one what to do if or when the laws and/or any pertinent codes of values are silent.

Accepted Answer

A)  reputation 
B)  association 
C)  business ethic 
D)  personal ethic 
A)  reputation 
B)  association 
C)  business ethic 
D)  personal ethic

Question 9

The U.S. legal system is based on the principle that not everyone is equal under the law.

Accepted Answer

A) True 
 B)False

Question 10

Unlike the U.S. Department of Commerce, the U.S. Department of Agriculture does not offer any assistance to small business owners.

Accepted Answer

A) True 
 B)False

Question 11

Ordinary bankruptcy occurs when a debtor files an application with a court claiming that debts exceed assets and asks to be declared bankrupt.

Accepted Answer

A) True 
 B)False

Question 12

What is a business's obligation to follow desirable courses of action in terms of society's values and objectives called?

Accepted Answer

A)  Collectivism 
B)  Social responsibility 
C)  Business ethics 
D)  Ethnocentrism 
A)  Collectivism 
B)  Social responsibility 
C)  Business ethics 
D)  Ethnocentrism

Question 13

The Census Bureau of the U.S. Department of Commerce furnishes demographic information for small business owners.

Accepted Answer

A) True 
 B)False

Question 14

What are the four major areas of concern that small firms have with government regulations?

Accepted Answer

The first problem is the difficulty of u

Question 15

What is meant by enlightened employee relations?

Accepted Answer

Enlightened employee relations involves

Question 16

The Uniform Commercial Code is a set of uniform model statutes to:

Accepted Answer

A)  govern business and commercial transactions in all states. 
B)  address a wrongful injury. 
C)  negotiate new business contracts. 
D)  reorganize a bankrupt business. 
A)  govern business and commercial transactions in all states. 
B)  address a wrongful injury. 
C)  negotiate new business contracts. 
D)  reorganize a bankrupt business.

Question 17

Which of the following will a small business owner consult to locate a lawyer to help with government regulations?

Accepted Answer

A)  The Martindale-Hubbell Law Directory 
B)  The General Accounting Office 
C)  The National Small Business Association 
D)  Case Law Information Services 
A)  The Martindale-Hubbell Law Directory 
B)  The General Accounting Office 
C)  The National Small Business Association 
D)  Case Law Information Services

Question 18

The Uniform Commercial Code has been adopted only in part by the U.S. state of Louisiana.

Accepted Answer

A) True 
 B)False

Question 19

Small firms are now subject to federal regulation in the same way as their larger competitors.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is true about the Federal Sentencing Guidelines for Organizations?

Accepted Answer

A)  It outlines programs for effective ethics. 
B)  It tells one what to do if the codes of ethics are silent. 
C)  It specializes in helping people develop their business ideas. 
D)  It provides the "Four Way Test" of the things we think, say, or do. 
A)  It outlines programs for effective ethics. 
B)  It tells one what to do if the codes of ethics are silent. 
C)  It specializes in helping people develop their business ideas. 
D)  It provides the "Four Way Test" of the things we think, say, or do.

What is consumerism?

Which form of conservation involves reprocessing used items for future use?

The Uniform Commercial Code is a set of uniform model statues to govern business and commercial transactions in all states.

Which government organization grants awards for the "Small Business Persons of the Year"?

Small Business Development Centers are wholly funded by the Small Business Administration.

Tort laws provide for the performance of duties and compensation for the injuries resulting from faulty products.

Which of the following is true about bankruptcy?

One's _____ is one's own belief system that tells one what to do if or when the laws and/or any pertinent codes of values are silent.

The U.S. legal system is based on the principle that not everyone is equal under the law.

Unlike the U.S. Department of Commerce, the U.S. Department of Agriculture does not offer any assistance to small business owners.

Ordinary bankruptcy occurs when a debtor files an application with a court claiming that debts exceed assets and asks to be declared bankrupt.

What is a business's obligation to follow desirable courses of action in terms of society's values and objectives called?

The Census Bureau of the U.S. Department of Commerce furnishes demographic information for small business owners.

What are the four major areas of concern that small firms have with government regulations?

What is meant by enlightened employee relations?

The Uniform Commercial Code is a set of uniform model statutes to:

Which of the following will a small business owner consult to locate a lawyer to help with government regulations?

The Uniform Commercial Code has been adopted only in part by the U.S. state of Louisiana.

Small firms are now subject to federal regulation in the same way as their larger competitors.

Which of the following is true about the Federal Sentencing Guidelines for Organizations?

Starting Your Small Business

Family-Owned Businesses

Forms of Ownership of Small Businesses

Becoming the Owner of a Small Business

Planning, Organizing, and Managing a Small Business

How to Obtain the Right Financing for Your Business

Developing Marketing Strategies

Promoting and Distributing

How to Obtain and Manage Human Resources and Diversity in Small Companies

How to Maintain Relationships With Your Employees and Their Representatives

Obtaining and Laying Out Operating Facilities

Purchasing, Inventory, and Quality Control

Basic Financial Planning

Budgeting and Controlling Operations and Taxes

Using Computer Technology in Small Businesses

Risk Management, Insurance, and Crime Prevention

Filters

Exam 4: Maintaining Good Government Relations and Business Ethics

What is consumerism?

Which form of conservation involves reprocessing used items for future use?

The Uniform Commercial Code is a set of uniform model statues to govern business and commercial transactions in all states.

Which government organization grants awards for the "Small Business Persons of the Year"?

Small Business Development Centers are wholly funded by the Small Business Administration.

Tort laws provide for the performance of duties and compensation for the injuries resulting from faulty products.

Which of the following is true about bankruptcy?

One's _____ is one's own belief system that tells one what to do if or when the laws and/or any pertinent codes of values are silent.

The U.S. legal system is based on the principle that not everyone is equal under the law.

Unlike the U.S. Department of Commerce, the U.S. Department of Agriculture does not offer any assistance to small business owners.

Ordinary bankruptcy occurs when a debtor files an application with a court claiming that debts exceed assets and asks to be declared bankrupt.

What is a business's obligation to follow desirable courses of action in terms of society's values and objectives called?

The Census Bureau of the U.S. Department of Commerce furnishes demographic information for small business owners.

What are the four major areas of concern that small firms have with government regulations?

What is meant by enlightened employee relations?

The Uniform Commercial Code is a set of uniform model statutes to:

Which of the following will a small business owner consult to locate a lawyer to help with government regulations?

The Uniform Commercial Code has been adopted only in part by the U.S. state of Louisiana.

Small firms are now subject to federal regulation in the same way as their larger competitors.

Which of the following is true about the Federal Sentencing Guidelines for Organizations?

Starting Your Small Business

Family-Owned Businesses

Forms of Ownership of Small Businesses

Becoming the Owner of a Small Business

Planning, Organizing, and Managing a Small Business

How to Obtain the Right Financing for Your Business

Developing Marketing Strategies

Promoting and Distributing

How to Obtain and Manage Human Resources and Diversity in Small Companies

How to Maintain Relationships With Your Employees and Their Representatives

Obtaining and Laying Out Operating Facilities

Purchasing, Inventory, and Quality Control

Basic Financial Planning

Budgeting and Controlling Operations and Taxes

Using Computer Technology in Small Businesses

Risk Management, Insurance, and Crime Prevention

Filters