Question 1

What are some important social responsibilities of small businesses?

Accepted Answer

Small firms,as well as large ones,have r

Question 2

Companies that use renewable resources,reduce emissions of harmful chemicals into the environment,and help other firms reduce their waste have taken advantage of ______ _____________.

Accepted Answer

The answer of Companies that use renewable resources,reduce emissions of...

Question 3

Of all the possible stakeholders,the three primary ones are

Accepted Answer

A) the government,the community,and the customers. 
B) the customers,the employees,and the owners. 
C) the creditors,the investors,and the employees. 
D) the suppliers,the customers,and society at large. 
A) the government,the community,and the customers. 
B) the customers,the employees,and the owners. 
C) the creditors,the investors,and the employees. 
D) the suppliers,the customers,and society at large.

Question 4

In a small business,the most important key to ethical performance is

Accepted Answer

A) a code of ethics. 
B) the personal integrity of the founder or owner. 
C) a training program based on the code of ethics. 
D) the amount of legislation affecting the organization. 
A) a code of ethics. 
B) the personal integrity of the founder or owner. 
C) a training program based on the code of ethics. 
D) the amount of legislation affecting the organization.

Question 5

Millicent,founder of a small company that markets baked goods made from organic ingredients,emphasis honesty in all transactions.In this respect,Millicent acts with ____________.

Accepted Answer

The answer of Millicent,founder of a small company that markets...

Question 6

A firm's employees would be considered __________________ in the business.

Accepted Answer

A) investors 
B) stakeholders 
C) customers 
D) stockholders 
A) investors 
B) stakeholders 
C) customers 
D) stockholders

Question 7

The saying "When in Rome,do as the Romans do" reflects a philosophy of _____.

Accepted Answer

A) ethical insensitivity 
B) ethical elitism 
C) ethical imperialism 
D) ethical relativism 
A) ethical insensitivity 
B) ethical elitism 
C) ethical imperialism 
D) ethical relativism

Question 8

Many types of socially responsible actions can be consistent with a firm's long-term profit resulting in some degree of _____ being earned by such behavior.

Accepted Answer

A) money 
B) respect 
C) goodwill 
D) management expertise 
A) money 
B) respect 
C) goodwill 
D) management expertise

Question 9

The triple bottom line sought by the social entrepreneur includes three outcomes of interest: people,profits,and ___________.​

Accepted Answer

The answer of The triple bottom line sought by the...

Question 10

Karl Eller reports in his book,Integrity Is All You've Got,which of the following characterizes entrepreneurial businesses with integrity?

Accepted Answer

A) The entrepreneur with integrity gives the company a competitive edge. 
B) The management of these companies understand the bottom line so that is still their singular focus. 
C) For the most part,founders with integrity are stressed to balance growing the business and following their principles. 
D) A solid financial performance needs to be achieved so that customers will know about the company's integrity. 
A) The entrepreneur with integrity gives the company a competitive edge. 
B) The management of these companies understand the bottom line so that is still their singular focus. 
C) For the most part,founders with integrity are stressed to balance growing the business and following their principles. 
D) A solid financial performance needs to be achieved so that customers will know about the company's integrity.

Question 11

Malcolm is careful to share with his employees information about customer orders,financial performance,and quality concerns.Malcolm is exercising _________ __________.

Accepted Answer

managerial

Question 12

Describe the five fundamental principles that an ethics policy should address.

Accepted Answer

Purpose: The vision for the company and

Question 13

A code of ethics becomes increasingly appropriate and necessary as a small business

Accepted Answer

A) expands its credit sales and acquires more customers who buy on credit. 
B) begins to market products in other countries. 
C) grows larger,with a consequent lessening of the owner's personal influence. 
D) increases borrowing to the extent that one-third of its assets are financed by borrowing. 
A) expands its credit sales and acquires more customers who buy on credit. 
B) begins to market products in other countries. 
C) grows larger,with a consequent lessening of the owner's personal influence. 
D) increases borrowing to the extent that one-third of its assets are financed by borrowing.

Question 14

An example of an employee acting unethically towards his or her employer is:

Accepted Answer

A) Taking a vacation 
B) Taking unjustified sick leave 
C) Working overtime 
D) Taking a 15 minute break 
A) Taking a vacation 
B) Taking unjustified sick leave 
C) Working overtime 
D) Taking a 15 minute break

Question 15

The term for when an employee steals money from a firm is

Accepted Answer

A) cheating. 
B) fraud. 
C) embezzlement. 
D) promotion. 
A) cheating. 
B) fraud. 
C) embezzlement. 
D) promotion.

Question 16

Floyd would like to be able to monitor his employees' Internet activity because:

Accepted Answer

A) his customers cannot view his company website if his employees are surfing the Web. 
B) employees have to share Internet access and he wants to be fair to everyone. 
C) such activity hinders workplace productivity. 
D) his data plan allows only 5 gigabytes of access every month and overage charges are expensive. 
A) his customers cannot view his company website if his employees are surfing the Web. 
B) employees have to share Internet access and he wants to be fair to everyone. 
C) such activity hinders workplace productivity. 
D) his data plan allows only 5 gigabytes of access every month and overage charges are expensive.

Question 17

The most widely recommended principle for ethical behavior is to do what

Accepted Answer

A) is best for yourself. 
B) will yield the most profits. 
C) you would want others to do for you. 
D) will reduce product prices. 
A) is best for yourself. 
B) will yield the most profits. 
C) you would want others to do for you. 
D) will reduce product prices.

Question 18

Naked Sports Gear's dedication to its customers,employees,and the environment is an example of:

Accepted Answer

A) a sustainable small business. 
B) ethical relativism. 
C) social entrepreneurship. 
D) ethical imperialism. 
A) a sustainable small business. 
B) ethical relativism. 
C) social entrepreneurship. 
D) ethical imperialism.

Question 19

Suppliers,creditors,and the community are examples of ______________ of a business.

Accepted Answer

The answer of Suppliers,creditors,and the community are examples of ______________...

Question 20

Discuss the relationship between profits and social responsibility in the small firm.

Accepted Answer

Some of the points that should be made a

Exam 2: Integrity, ethics, and Social Entrepreneurship

What are some important social responsibilities of small businesses?

Companies that use renewable resources,reduce emissions of harmful chemicals into the environment,and help other firms reduce their waste have taken advantage of ______ _____________.

Of all the possible stakeholders,the three primary ones are

In a small business,the most important key to ethical performance is

Millicent,founder of a small company that markets baked goods made from organic ingredients,emphasis honesty in all transactions.In this respect,Millicent acts with ____________.

A firm's employees would be considered __________________ in the business.

The saying "When in Rome,do as the Romans do" reflects a philosophy of _____.

Many types of socially responsible actions can be consistent with a firm's long-term profit resulting in some degree of _____ being earned by such behavior.

The triple bottom line sought by the social entrepreneur includes three outcomes of interest: people,profits,and ___________.​

Karl Eller reports in his book,Integrity Is All You've Got,which of the following characterizes entrepreneurial businesses with integrity?

Malcolm is careful to share with his employees information about customer orders,financial performance,and quality concerns.Malcolm is exercising _________ __________.

Describe the five fundamental principles that an ethics policy should address.

A code of ethics becomes increasingly appropriate and necessary as a small business

An example of an employee acting unethically towards his or her employer is:

The term for when an employee steals money from a firm is

Floyd would like to be able to monitor his employees' Internet activity because:

The most widely recommended principle for ethical behavior is to do what

Naked Sports Gear's dedication to its customers,employees,and the environment is an example of:

Suppliers,creditors,and the community are examples of ______________ of a business.

Discuss the relationship between profits and social responsibility in the small firm.

The Entrepreneurial Lifethe Entrepreneurial Life

Starting a Small Business

Franchises and Buyouts

The Family Business

The Business Plan: Visualizing the Dream

The Marketing Plan

The Organizational Plan: Teams, legal Structures, alliances, and Directors

The Location Plan

Understanding a Firms Financial Statements

Forecasting Financial Requirements

A Firms Sources of Financing

Planning for the Harvest

Building Customer Relationships

Product Development and Supply Chain Management

Pricing and Credit Decisions

Promotional Planning

Global Opportunities for Small Business

Professional Management and the Small Business

Managing Human Resources

Managing Small Business Operations

Managing the Firms Assets

Managing Risk

Filters

Companies that use renewable resources,reduce emissions of harmful chemicals into the environment,and help other firms reduce their waste have taken advantage of _______.

The triple bottom line sought by the social entrepreneur includes three outcomes of interest: people,profits,and ___________.

Malcolm is careful to share with his employees information about customer orders,financial performance,and quality concerns.Malcolm is exercising _ __.