Question 1

Discuss why entrepreneurs who truly know themselves make the best ethical decisions.

Accepted Answer

Entrepreneurs who truly know themselves and understand not only their own morals and values,but also those of the people they surround themselves with,make the best decisions.This manifests itself in a number of ways.First,they can invite people of similar philosophies into their team and brain trust.Second,this produces teams that are honest about their own capabilities and shortcomings which instills trust and confidence.This is critical because of the environment in which their decisions will be made.Often in entrepreneurship,particularly in the launch and growth stages of a new venture,the environment is chaotic,unpredictable,and frequently unforgiving.To make good decisions one must identify and understand oneself and the scope and the effects of one's self-interest.Knowing one's biases and weaknesses offers an opportunity for personal development or to proactively compensate for them.

Question 2

_____ is one of the oldest approaches to ethics provided by Aristotle.

Accepted Answer

A)  Placing one's duty to society over one's self-interest 
B)  Choosing actions that will provide for the greatest good 
C)  Focusing on the consequences of an action 
D)  Emulating exemplary role models 
A)  Placing one's duty to society over one's self-interest 
B)  Choosing actions that will provide for the greatest good 
C)  Focusing on the consequences of an action 
D)  Emulating exemplary role models D

Question 3

According to the _____ approach,the aim of each person should be to perfect his or her inherent human nature,and if successful,become a person of virtue.

Accepted Answer

A)  Totalitarian 
B)  Aristotelian 
C)  Utilitarian 
D)  Deontology 
A)  Totalitarian 
B)  Aristotelian 
C)  Utilitarian 
D)  Deontology B

Question 4

What is the most widely used approach to ethical decision making?

Accepted Answer

A)  The Aristotelian approach 
B)  The utilitarian approach 
C)  The deontology approach 
D)  The Machiavellian approach 
A)  The Aristotelian approach 
B)  The utilitarian approach 
C)  The deontology approach 
D)  The Machiavellian approach

Question 5

When doing business abroad,entrepreneurs must adhere to the international code of business ethics.

Accepted Answer

A) True 
 B)False

Question 6

Why is it important to study and think about ethical situations in business settings?

Accepted Answer

The study of ethics seems to make studen

Question 7

According to the Kohlberg construct of moral instincts and behaviors,the orientation of _____ is toward pleasing others and winning approval.

Accepted Answer

The answer of According to the Kohlberg construct of moral...

Question 8

Whose approach to ethics states that the aim of each person should be to perfect his or her inherent human nature,and if successful,become a person of virtue?

Accepted Answer

A)  J.Stewart Mill 
B)  Aristotle 
C)  Carnegie 
D)  Kant 
A)  J.Stewart Mill 
B)  Aristotle 
C)  Carnegie 
D)  Kant

Question 9

Statutes do not always have the effect they were intended to have.

Accepted Answer

A) True 
 B)False

Question 10

When making ethical decisions,always choose an approach you feel most comfortable with and stick to those principles.

Accepted Answer

A) True 
 B)False

Question 11

The _____ construct classifies moral judgment into six stages of development.

Accepted Answer

The answer of The _____ construct classifies moral judgment into...

Question 12

How does the concept known as "the fog of war" relate to ethical behavior and the entrepreneurial experience?

Accepted Answer

In war,when bullets are flying and lives

Question 13

The vast majority of successful entrepreneurs believe that high ethical standards and integrity are exceptionally important to long-term success.

Accepted Answer

A) True 
 B)False

Question 14

What are the issues associated with the Aristotelian approach to ethics?

Accepted Answer

Two issues arising from the Aristotelian

Question 15

How can one apply the different approaches to ethics in a decision-making process?

Accepted Answer

One way is to use the different approach

Question 16

Broken partnerships can often be traced to apparent differences in the personal ethics among the members of a management team.

Accepted Answer

A) True 
 B)False

Question 17

The _____ approach to ethics focuses on the outcomes or consequences of an action.

Accepted Answer

The answer of The _____ approach to ethics focuses on...

Question 18

Which of the following statements is true of the deontology approach to ethics?

Accepted Answer

A)  It holds that an ethical person will always choose actions that will provide for the greatest good. 
B)  It is one of the oldest approaches to ethics provided by Aristotle. 
C)  It is pursued without concern for the outcomes of actions. 
D)  It requires individuals to emulate what people who are widely considered to be virtuous do in similar situations. 
A)  It holds that an ethical person will always choose actions that will provide for the greatest good. 
B)  It is one of the oldest approaches to ethics provided by Aristotle. 
C)  It is pursued without concern for the outcomes of actions. 
D)  It requires individuals to emulate what people who are widely considered to be virtuous do in similar situations.

Question 19

The art of self-assessment is critical particularly during the maturity stage of a venture when the environment is chaotic and unpredictable.

Accepted Answer

A) True 
 B)False

Question 20

Which approach to ethics holds that the ethical person will always choose actions that will provide for the greatest good (or least bad)for the greatest number of people?

Accepted Answer

A)  Utilitarianism 
B)  Aristotelian 
C)  Kantism 
D)  Deontology 
A)  Utilitarianism 
B)  Aristotelian 
C)  Kantism 
D)  Deontology

Discuss why entrepreneurs who truly know themselves make the best ethical decisions.

_____ is one of the oldest approaches to ethics provided by Aristotle.

According to the _____ approach,the aim of each person should be to perfect his or her inherent human nature,and if successful,become a person of virtue.

What is the most widely used approach to ethical decision making?

When doing business abroad,entrepreneurs must adhere to the international code of business ethics.

Why is it important to study and think about ethical situations in business settings?

According to the Kohlberg construct of moral instincts and behaviors,the orientation of _____ is toward pleasing others and winning approval.

Whose approach to ethics states that the aim of each person should be to perfect his or her inherent human nature,and if successful,become a person of virtue?

Statutes do not always have the effect they were intended to have.

When making ethical decisions,always choose an approach you feel most comfortable with and stick to those principles.

The _____ construct classifies moral judgment into six stages of development.

How does the concept known as "the fog of war" relate to ethical behavior and the entrepreneurial experience?

The vast majority of successful entrepreneurs believe that high ethical standards and integrity are exceptionally important to long-term success.

What are the issues associated with the Aristotelian approach to ethics?

How can one apply the different approaches to ethics in a decision-making process?

Broken partnerships can often be traced to apparent differences in the personal ethics among the members of a management team.

The _____ approach to ethics focuses on the outcomes or consequences of an action.

Which of the following statements is true of the deontology approach to ethics?

The art of self-assessment is critical particularly during the maturity stage of a venture when the environment is chaotic and unpredictable.

Which approach to ethics holds that the ethical person will always choose actions that will provide for the greatest good (or least bad)for the greatest number of people?

The Global Entrepreneurial Revolution for a Flatter World

The Entrepreneurial Mind: Crafting a Personal Entrepreneurial Strategy

The Entrepreneurial Process

Clean Commerce and Sustainable Enterprise Movements Are an Opportunity Sea Change

Opportunity Recognition

Opportunities for Social Entrepreneurship

The Business Plan

The Entrepreneurial Leader and the Team

Resource Requirements

Franchising

Entrepreneurial Finance

Obtaining Venture and Growth Capital

The Deal: Valuation, Structure, and Negotiation

Obtaining Debt Capital

Leading Rapid Growth, Crises, and Recovery

The Family As Entrepreneur

The Harvest and Beyond

Filters

Exam 9: Ethical Decision Making and the Entrepreneur

Discuss why entrepreneurs who truly know themselves make the best ethical decisions.

_____ is one of the oldest approaches to ethics provided by Aristotle.

According to the _____ approach,the aim of each person should be to perfect his or her inherent human nature,and if successful,become a person of virtue.

What is the most widely used approach to ethical decision making?

When doing business abroad,entrepreneurs must adhere to the international code of business ethics.

Why is it important to study and think about ethical situations in business settings?

According to the Kohlberg construct of moral instincts and behaviors,the orientation of _____ is toward pleasing others and winning approval.

Whose approach to ethics states that the aim of each person should be to perfect his or her inherent human nature,and if successful,become a person of virtue?

Statutes do not always have the effect they were intended to have.

When making ethical decisions,always choose an approach you feel most comfortable with and stick to those principles.

The _____ construct classifies moral judgment into six stages of development.

How does the concept known as "the fog of war" relate to ethical behavior and the entrepreneurial experience?

The vast majority of successful entrepreneurs believe that high ethical standards and integrity are exceptionally important to long-term success.

What are the issues associated with the Aristotelian approach to ethics?

How can one apply the different approaches to ethics in a decision-making process?

Broken partnerships can often be traced to apparent differences in the personal ethics among the members of a management team.

The _____ approach to ethics focuses on the outcomes or consequences of an action.

Which of the following statements is true of the deontology approach to ethics?

The art of self-assessment is critical particularly during the maturity stage of a venture when the environment is chaotic and unpredictable.

Which approach to ethics holds that the ethical person will always choose actions that will provide for the greatest good (or least bad)for the greatest number of people?

The Global Entrepreneurial Revolution for a Flatter World

The Entrepreneurial Mind: Crafting a Personal Entrepreneurial Strategy

The Entrepreneurial Process

Clean Commerce and Sustainable Enterprise Movements Are an Opportunity Sea Change

Opportunity Recognition

Opportunities for Social Entrepreneurship

The Business Plan

The Entrepreneurial Leader and the Team

Resource Requirements

Franchising

Entrepreneurial Finance

Obtaining Venture and Growth Capital

The Deal: Valuation, Structure, and Negotiation

Obtaining Debt Capital

Leading Rapid Growth, Crises, and Recovery

The Family As Entrepreneur

The Harvest and Beyond

Filters