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12 Questions

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Ethical Culture in Companies

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Questions and Answers

Which of the following scenarios best exemplifies a company with a strong ethical culture?

Norah reports to two different supervisors, one who follows the company's ethics policy and one who makes exceptions to the rules.

Colin's company does not have a formal, written ethics policy because they believe they only hire ethical employees.

The middle-level managers at Blake's company try to do what is right without getting direction from top management regarding ethical behavior.

The top management at Randy's company clearly communicates to all employees the ethical behavior expected of them. (correct)

What is insider trading?

Gatekeeping

Downcycling

Whistleblowing

Insider (correct)

To be successful in the long run, a business must treat its customers, employees, and community with social:

Responsibility (correct)

Insight

Agendas

Integrity

At the peak of the Pyramid of Social Responsibility is:

Philanthropic responsibilities Signup and view all the answers

What is one of the most important actions companies can take to curb global warming?

Planting more trees worldwide Signup and view all the answers

Of the following, which is NOT a good way to reduce daily carbon and greenhouse gas output?

Increasing reliance on fossil fuels for energy needs Signup and view all the answers

What is the concept referred to when a sole proprietor is not able to pay their business debts using personal assets such as home and retirement savings plans?

Unlimited liability Signup and view all the answers

Why is a sole proprietorship a popular form of business?

It is easy to form. Signup and view all the answers

Which structure is the easiest and quickest way to start a business?

Sole proprietorship Signup and view all the answers

What are the characteristics of entrepreneurs?

All the choices are characteristics of many entrepreneurs. Signup and view all the answers

What type of business is Baubles and Bangles, which acquires jewelry from producers and wholesalers to sell to consumers?

Retailer Signup and view all the answers

Which of the following is not part of a business plan?

Training program Signup and view all the answers