37) Ethical behavior at work is learned by: ng the failures of those who are cau

Question

37) Ethical behavior at work is learned by: ng the failures of those who are caught in business scandals 37) bserving the actions of others. C) attending corporate responsibility seminars. D) reading about why others were fired from the job. 38) A(n) increasing control and penalizing wrongdoers. -based ethics code emphasizes the prevention of unlawful behavior by 38) - A) compliance C) corporate responsibility D) legal 39) Which of the following terms describes someone who reports illeg 39) al or unethical behavior? A) whistleblower C) integrity watchdog B) watch tower sentinel D) horn blower 40) 40) Granting a foreign company the right to manufacture your product or to use your firm's trademark in return for a fee is called: A) licensing C) outsourcing B) joint venture. D) foreign subsidiary. 41 1) The is the most common form of business ownership. A) partnership C) 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. C) 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 debts. 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 not take an active role in managing the operation, and is only subject to losing the funds he/she invested. orporate partner. mited partner B) partial partner. D) implied partner.

Explanation / Answer

37. B. Observing the actions of others

38. A. Compliance based

39. A. Whistleblower

40. A. Licensing

41. B. Sole Proprietorship

42. B. Unlimited liability

43. B. When you own your business you are responsible for all the debts

44. C. Limited Partner

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