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Ethical behavior at work is learned by: A) tracking the failures of those who ar

ID: 345393 • Letter: E

Question

Ethical behavior at work is learned by: A) tracking the failures of those who are caught in business scandals. B) observing the actions of others. C) attending corporate responsibility seminars D) reading about why others were fired from the job. 38) A(n)- -based ethics code emphasizes the prevention of unlawful behavior b increasing control and penalizing wrongdoers. A) compliance C) corporate responsibility D) legal 39) Which of the following terms describes someone who reports illegal or unethical behavior? A) whistleblower C) integrity watchdog B) watch tower sentine D) horn blower 40) Granting a foreign company the right to manufacture your product or to use your trademark in return for a fee is called: A) licensing. C) outsourcing. B) joint venture D) foreign subsidiary. 41) The is the most common form of business ownership. A) partnership ) joint venture B) sole proprietorship D) corporation 42) One of the major disadvantages of a sole proprietorship is the: A) high cost of starting or ending the company B) unlimited liability the owner has for the debts of the firm. fact that any income earned by this type of business is taxed twice. D) possibility of disagreements between owners. 43) Unlimited liability means: A) you are liable for whatever advertising promises your firm makes. B) when you own your own business you are responsible for all the business C) as a franchisee your franchisor is responsible for the debts of the franchise D) you are only liable for the money you invest in the business. 44) A partner (owner) who invests money in a business does nos take an active rol managing the operation, and is only subject to losing the funds he/she invested A) corporate partner. C) limited partner B) partial partner D) implied partner.

Explanation / Answer

37. C) attending corporate responsibility seminars

Ethical behavior at work is learned by attending corporate responsibility seminars.

38. A) Compliance

A _ compliance__-based ethics code emphasizes the prevention of unlawful behavior by increasing control and penalizing wrongdoers.

39. A) whistleblower

Whistleblower describes someone who reports illegal or unethical behavior.

40. A) Licensing

Granting a foreign company the right to manufacture your product or to use your firm's trademark in return for a fee is called licensing.

41. B) Sole proprietorship

The __ Sole proprietorship __ is the most common form of business ownership.

42. A) high cost of starting or ending the company.

One of the major disadvantages of a sole proprietorship is the high cost of starting or ending the company.

43. B) when you own your own business you are responsible for all the business.

Unlimited liability means when you own your own business you are responsible for all the business.

44. C) Limited partner

A partner (owner) who invests money in a business, does not take an active role in managing the operation, and is only subject to losing the funds he/she invested is a limited partner.

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