12 Questions
What is a common reason why a sole proprietorship is a popular form of business?
It is easy to form.
What is the term used when a sole proprietor's personal assets can be used to pay business debts?
Unlimited liability
Who are the individuals elected by shareholders to oversee the general operation of a corporation?
Directors
What characteristic is common among entrepreneurs?
All the choices are characteristics of many entrepreneurs.
Which is the easiest and quickest way to start a business?
Sole proprietorship
What does a private corporation mean?
Owned by less than 50 people and not traded on the open market.
Which of the following scenarios best exemplifies a company with a strong ethical culture?
Top management at Randy's company clearly communicates the expected ethical behavior to all employees.
Which term refers to the buying or selling of stocks by insiders who possess material information that is still not public?
Insider
For long-term success, a business must treat its customers, employees, and community with social:
Responsibility
Which of the following is at the peak of the Pyramid of Social Responsibility?
Philanthropic responsibilities
One effective way companies can help curb global warming is by reducing:
Greenhouse-gas emissions
Of the following options, which is NOT a good way to reduce daily carbon and greenhouse gas output?
Eating more red meat and dairy products
Test your understanding of ethical cultures in companies by identifying scenarios that demonstrate strong or weak ethical practices. Choose the best example that represents a company with a strong ethical culture.
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