Question 1

Refusing to pay a bribe even though it is a common practice in the country one is doing business in is an example of

Accepted Answer

Refusing to pay a bribe even though it is a common practice in the country one is doing business in demonstrates integrity, which is the adherence to moral and ethical principles. Cultural relativism is the belief that cultural practices should be judged within the context of their own culture and not by the standards of another culture. Social entrepreneurship involves using business principles to create social or environmental change. Sustainability refers to the ability to maintain ecological, social, and economic systems over time.

Question 2

William wants everyone to think his business is growing faster than it actually is so he built an impressive website with an exaggerated company history. His efforts to mislead are known as _____.

Accepted Answer

The answer of William wants everyone to think his business...

Question 3

Entrepreneurs should think carefully about their community commitments, because building a business on a foundation of "doing good" may add to a small company's _____.

Accepted Answer

The answer of Entrepreneurs should think carefully about their community...

Question 4

Widespread use of the Internet has focused attention on the issue of protecting _____.

Accepted Answer

The answer of Widespread use of the Internet has focused...

Question 5

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 representatives to follow American business practices. This is an example of _____.

Accepted Answer

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

Question 6

Carlos understands that cultures develop different standards and practices that govern how business is conducted. He is careful to observe local customs when he interacts with foreign companies. Carlos is practicing _____.

Accepted Answer

The answer of Carlos understands that cultures develop different standards...

Question 7

Ralph has vending machines on his business property for the convenience of his employees. He reports on his income tax form only half the cash collected by these machines. The rest is hidden in Ralph's personal account. This practice is an example of _____.

Accepted Answer

The answer of Ralph has vending machines on his business...

Question 8

Milton Friedman believed the only _____ of a business is to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.

Accepted Answer

The answer of Milton Friedman believed the only _____ of...

Question 9

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...

Question 10

Among the many _____ of any small business are owners, customers, employees, the community, and the government.

Accepted Answer

The answer of Among the many _____ of any small...

Question 11

U.S. government assistance is available to lead the entrepreneur in compliance with environmental law through the

Accepted Answer

The Small Business Administration (SBA) provides assistance and resources to help small businesses comply with environmental laws and regulations, including guidance on environmental management and pollution prevention. The SBA also offers small businesses financing options for environmental compliance projects. The Department of Energy, Department of Commerce, and Department of the Interior do not specifically provide assistance in environmental law compliance for entrepreneurs.

Question 12

Malcolm creates a positive work environment and rewards his employees generously for their contributions. Malcolm is exercising integrity by _____ his employees.

Accepted Answer

The answer of Malcolm creates a positive work environment and...

Question 13

Entrepreneurs would do well to remember that customers who have questions about the _____ (products, representatives, and the organization) are less likely to make purchases.

Accepted Answer

The answer of Entrepreneurs would do well to remember that...

Question 14

Tyrone gives 1 percent of the profits of his company to local organizations like the Little League and the Boys and Girls Club. In this way, Tyrone is fulfilling his _____.

Accepted Answer

The answer of Tyrone gives 1 percent of the profits...

Question 15

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

Accepted Answer

The answer of Owners, customers, and employees are considered to...

Question 16

Sometimes Vincent doesn't have enough cash on hand to send in the monthly taxes withheld from his employees' paychecks. This could be the result of a single-minded focus on production or because of a casual _____.

Accepted Answer

The answer of Sometimes Vincent doesn't have enough cash on...

Question 17

Franco treats his customers with respect. He is always truthful, even if it means losing a sale. He uses high-quality materials and careful craftsmanship. If he can't meet a customer's deadline, he says so. His customers appreciate his integrity, which has helped to build _____ between them and Franco.

Accepted Answer

The answer of Franco treats his customers with respect. He...

Question 18

Salespeople often must walk a fine line between _____ and _____.

Accepted Answer

The answer of Salespeople often must walk a fine line...

Question 19

A recent Ethics Resource Center survey indicated that employees witness various forms of misconduct in their workplaces, with the most frequently observed offenses involving _____ and _____.

Accepted Answer

The answer of A recent Ethics Resource Center survey indicated...

Question 20

Rhoda, the bookkeeper for a small company, has been diverting company funds into her personal bank account. Rhoda is engaging in _____.

Accepted Answer

The answer of Rhoda, the bookkeeper for a small company,...

Quiz 2: Integrity, Ethics, and Social Entrepreneurship