a: human resources violations. b:check kiting. c: environmental pollution. d: im
ID: 2706064 • Letter: A
Question
a: human resources violations.
b:check kiting.
c: environmental pollution.
d: improper financial management.
e:shorting stock.
2: When evaluating a decision based on the ethical norm of utility, a manager will consider which of the following questions?
a:Is the decision consistent with what we regard as fair?
b: Does the decision respect the rights of the individuals involved?
c: Is the decision consistent with people's responsibilities to each other?
d: Does the decision optimize what is best for those who are affected by it?
e: None of the above.
3: Which of the following types of wastes can be separated and used as fuels in industrial boilers?
a: phosphates
b: acid rain
c: combustible
d: carbon dioxide
e: chloride
4: When evaluating a decision based on the ethical norm of justice, a manager will consider which of the following questions?
a: Is the decision consistent with what we regard as fair?
b: Does the decision respect the rights of the individuals involved?
c: Is the decision consistent with people's responsibilities to each other?
d: Does the decision optimize what is best for those who are affected by it?
e: None of the above.
5: A(n) ____________ stance to social responsibility involves doing as little as possible and may involve attempts to deny or cover up violations.
a: accommodative
b: obstructionist
c: proactive
d: defensive
e: societal
6: IBP, a leading meat-processing firm, has a long record of breaking environmental protection, labor, and food processing laws and then tries to cover up its offenses. This reflects a(n) ________ stance to social responsibility.
a: accommodative
b: obstructionist
c: proactive
d:defensive
e: societal
7: An excellent example of the power of ethical commitment in the Tylenol case was exhibited by which of the following companies?
a: United Technologies
b: Seagate Technology
c: IBM
d: Johnson and Johnson
e: Merck
8: Dangerous chemical and/or radioactive byproducts of manufacturing processes are called
a: green rain.
b: phosphates.
c: exajoules.
d: toxic wastes.
e: spreaders.
9: Water becomes polluted primarily from
a: chemical and waste dumping.
b: animal use.
c: rainfall.
d: other streams.
e: none of the above.
10: When evaluating a decision based on the ethical norm of rights, a manager will consider which of the following questions?
a: Is the decision consistent with what we regard as fair?
b: Does the decision respect the rights of the individuals involved?
c: Is the decision consistent with people's responsibilities to each other?
d: Does the decision optimize what is best for those who are affected by it?
e: None of the above.
11: The greatest potential drawback to corporate organization is
a tender offer.
startup costs.
double taxation.
limited liability.
legal status.
12: Jack Matz started a photocopying business near a local university. His goal is to earn enough money to lead a comfortable life and retire in ten years. Matz has no plans to grow or expand. Jack Matz is a(n)
entrepreneur, though not a small business owner.
entrepreneur and a small business owner.
small business owner.
partner.
limited partnership.
13: American Business Machines is organized as a corporation. Its income will be taxed first at the corporate level and also on shareholder tax returns as dividends. This situation is known as
a tender offer.
double taxation.
regulatory costs.
limited liability.
acquisition.
14: Under the concept of _______, a sole proprietor is personally responsible for all debts generated by a business.
limited liability
employment at will
unlimited liability
stare decisis
privity
15: Casino Systems and the Hamilton Race Track have collaborated to develop software for sale to other racetracks. Cisco and Hamilton are most likely involved in a
professional corporation.
transnational corporation.
vertical merger.
limited partnership.
strategic alliance.
16: A(n) __________ invests money in a partnership, but is liable only to the extent of his/her investment.
agent
general partner
limited partner
officer
sole proprietor
17: When a firm sells part of itself in order to raise capital, it is referred to as a(n)
ESOP.
divestiture.
friendly takeover.
spin-off.
merger.
18: Which of the following is a common source of funding for a small business?
family and friends
personal savings
lending institutions
governmental agencies
all of the above
19: A _________________ is independently owned and managed and does not dominate its market.
corporation
sole proprietorship
small business
partnership
cooperative
20: Small business consultants often recommend ____________ because the odds of success are better.
external financing
starting the business from scratch
buying an existing business
investing overseas
Explanation / Answer
1. b Check kiting
2.a. :Is the decision consistent with what we regard as fair
3. c: combustible
4.a: Is the decision consistent with what we regard as fair
5. c, proactive
6.b. obstructionist
7. d: Johnson and Johnson
8.d.toxix waste
9. a,a: chemical and waste dumping
10.a
11./limited liability
12small business owner
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