Question 1

The ethical influence of a leader of a small business is

Accepted Answer

A) relatively minor. 
B) overpowered by profit concerns of stockholders. 
C) less important than the views of others within the firm. 
D) more pronounced than that of a leader of a large corporation. 
A) relatively minor. 
B) overpowered by profit concerns of stockholders. 
C) less important than the views of others within the firm. 
D) more pronounced than that of a leader of a large corporation.

Question 2

Ethical issues

Accepted Answer

A) seldom involve legal issues. 
B) are questions of right and wrong. 
C) are always clearly defined. 
D) often resolve themselves. 
A) seldom involve legal issues. 
B) are questions of right and wrong. 
C) are always clearly defined. 
D) often resolve themselves.

Question 3

Richard believes the United States is the greatest nation on earth and that all other countries should subscribe to our system of democracy and human rights.Therefore,he expects his overseas sales reps to follow American business practices.This is an example of _________ _____________.

Accepted Answer

The answer of Richard believes the United States is the...

Question 4

Because a firm has considerable discretion in reporting performance results,financial reports can sometimes be _____ without technically being illegal.

Accepted Answer

A) inaccurate 
B) misleading 
C) unreliable 
D) bellicose 
A) inaccurate 
B) misleading 
C) unreliable 
D) bellicose

Question 5

When evaluating alternatives,the entrepreneur will select one that is truthful,beneficial to all parties,fair,and

Accepted Answer

A) exploitable. 
B) publishable 
C) profitable 
D) repeatable. 
A) exploitable. 
B) publishable 
C) profitable 
D) repeatable.

Question 6

A small computer retailer makes every effort to satisfy customer needs both before and after the sale.However,this retailer regards social problems as being beyond the scope of his business.This firm's management has recognized

Accepted Answer

A) some degree of social responsibility in its commitment to customers. 
B) the existence of social responsibilities but having failed to do anything about them. 
C) ethical obligations to customers but not social responsibilities. 
D) social responsibility as the domain of big business. 
A) some degree of social responsibility in its commitment to customers. 
B) the existence of social responsibilities but having failed to do anything about them. 
C) ethical obligations to customers but not social responsibilities. 
D) social responsibility as the domain of big business.

Question 7

Candace sells the muffins in her bakery at a higher price than the big-box grocery but she has a steady stream of customers willing to pay what she asks.Candace also supports local charities.What would likely happen if she lowered her prices and stopped her charitable contributions?

Accepted Answer

A) Nothing 
B) Customers would go elsewhere. 
C) Business would increase. 
D) Income taxes would decrease. 
A) Nothing 
B) Customers would go elsewhere. 
C) Business would increase. 
D) Income taxes would decrease.

Question 8

An eBay retailer selling counterfeit Gucci and Louis Vuitton handbags is in violation of laws related to

Accepted Answer

A) Internet fraud. 
B) intellectual property. 
C) bait-and-switch marketing. 
D) ethical imperialism. 
A) Internet fraud. 
B) intellectual property. 
C) bait-and-switch marketing. 
D) ethical imperialism.

Question 9

Of all the concerns regarding Internet use,the greatest is:

Accepted Answer

A) how users' personal information is being protected. 
B) whether the content of a website is truthful. 
C) how soon a Web customer will receive an order. 
D) hacking. 
A) how users' personal information is being protected. 
B) whether the content of a website is truthful. 
C) how soon a Web customer will receive an order. 
D) hacking.

Question 10

Entrepreneurs must reconcile their social obligations with _____.

Accepted Answer

A) their family commitments. 
B) their personal schedule. 
C) the need to earn profits. 
D) their religious beliefs. 
A) their family commitments. 
B) their personal schedule. 
C) the need to earn profits. 
D) their religious beliefs.

Question 11

When Evelyn hired a new sales manager,she issued a press release emphasizing the new hire's education and industry experience because:

Accepted Answer

A) she wanted to introduce the sales manager to the community. 
B) this was her first new hire and she wanted everyone to know her business was expanding. 
C) She had stolen the sales manager from a competitor and wanted to gloat publicly. 
D) she wanted to bolster the sales manager's credibility. 
A) she wanted to introduce the sales manager to the community. 
B) this was her first new hire and she wanted everyone to know her business was expanding. 
C) She had stolen the sales manager from a competitor and wanted to gloat publicly. 
D) she wanted to bolster the sales manager's credibility.

Question 12

A baker looking for new retail space has returned from a seminar on environmentalism and wishes to act responsibly in this area.Which action will best accomplish this purpose?

Accepted Answer

A) Looking into leasing a LEED certified space 
B) Reducing product prices 
C) Eliminating undesirable processing odors 
D) Increasing service to customers 
A) Looking into leasing a LEED certified space 
B) Reducing product prices 
C) Eliminating undesirable processing odors 
D) Increasing service to customers

Question 13

Owners,customers,and employees are considered to be the _________ ____________ of a business.

Accepted Answer

primary st

Question 14

To be classified as a social entrepreneurship,a business must have a triple bottom line.

Accepted Answer

A) True 
 B)False

Question 15

An effective way for an entrepreneur to establish legitimacy is:

Accepted Answer

A) to hire experienced employees from competitors. 
B) to insist on professional behavior from all customer-contact employees. 
C) to communicate the company's mission clearly and frequently. 
D) to out-perform the competition by underbidding and over-promising. 
A) to hire experienced employees from competitors. 
B) to insist on professional behavior from all customer-contact employees. 
C) to communicate the company's mission clearly and frequently. 
D) to out-perform the competition by underbidding and over-promising.

The ethical influence of a leader of a small business is

Ethical issues

Richard believes the United States is the greatest nation on earth and that all other countries should subscribe to our system of democracy and human rights.Therefore,he expects his overseas sales reps to follow American business practices.This is an example of _ _____.

Because a firm has considerable discretion in reporting performance results,financial reports can sometimes be _____ without technically being illegal.

When evaluating alternatives,the entrepreneur will select one that is truthful,beneficial to all parties,fair,and

A small computer retailer makes every effort to satisfy customer needs both before and after the sale.However,this retailer regards social problems as being beyond the scope of his business.This firm's management has recognized

Candace sells the muffins in her bakery at a higher price than the big-box grocery but she has a steady stream of customers willing to pay what she asks.Candace also supports local charities.What would likely happen if she lowered her prices and stopped her charitable contributions?

An eBay retailer selling counterfeit Gucci and Louis Vuitton handbags is in violation of laws related to

Of all the concerns regarding Internet use,the greatest is:

Entrepreneurs must reconcile their social obligations with _____.

When Evelyn hired a new sales manager,she issued a press release emphasizing the new hire's education and industry experience because:

A baker looking for new retail space has returned from a seminar on environmentalism and wishes to act responsibly in this area.Which action will best accomplish this purpose?

Owners,customers,and employees are considered to be the _ ____ of a business.

To be classified as a social entrepreneurship,a business must have a triple bottom line.

An effective way for an entrepreneur to establish legitimacy is:

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

Exam 2: Integrity, ethics, and Social Entrepreneurship

The ethical influence of a leader of a small business is

Ethical issues

Richard believes the United States is the greatest nation on earth and that all other countries should subscribe to our system of democracy and human rights.Therefore,he expects his overseas sales reps to follow American business practices.This is an example of _________ _____________.

Because a firm has considerable discretion in reporting performance results,financial reports can sometimes be _____ without technically being illegal.

When evaluating alternatives,the entrepreneur will select one that is truthful,beneficial to all parties,fair,and

A small computer retailer makes every effort to satisfy customer needs both before and after the sale.However,this retailer regards social problems as being beyond the scope of his business.This firm's management has recognized

Candace sells the muffins in her bakery at a higher price than the big-box grocery but she has a steady stream of customers willing to pay what she asks.Candace also supports local charities.What would likely happen if she lowered her prices and stopped her charitable contributions?

An eBay retailer selling counterfeit Gucci and Louis Vuitton handbags is in violation of laws related to

Of all the concerns regarding Internet use,the greatest is:

Entrepreneurs must reconcile their social obligations with _____.

When Evelyn hired a new sales manager,she issued a press release emphasizing the new hire's education and industry experience because:

A baker looking for new retail space has returned from a seminar on environmentalism and wishes to act responsibly in this area.Which action will best accomplish this purpose?

Owners,customers,and employees are considered to be the _________ ____________ of a business.

To be classified as a social entrepreneurship,a business must have a triple bottom line.

An effective way for an entrepreneur to establish legitimacy is:

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

Richard believes the United States is the greatest nation on earth and that all other countries should subscribe to our system of democracy and human rights.Therefore,he expects his overseas sales reps to follow American business practices.This is an example of _ _____.

Owners,customers,and employees are considered to be the _ ____ of a business.