Test Bank for Essentials of Entrepreneurship and Small Business Management 9th Edition Scarborough

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,Essentials of Entrepreneurship and Small Business Management 9th Edition Scarborough Test




Essentials of Entrepreneurship and Small Business Management, 9e (Scarborough)
Chapter 2 Ethics and Social Responsibility: Doing the Right Thing

1) Ethical behavior is doing what is ________.
A) "right"
B) "profitable"
C) "credible"
D) All of the above
Answer: A
Diff: 1
Learning Obj: 2-1 Define business ethics and describe the three levels of ethical standards.
AACSB: Ethical Understanding and Reasoning

2) The various groups and individuals who affect and are affected by a business are called
________.
A) stockholders
B) stakeholders
C) owners
D) managers
Answer: B
Diff: 1
Learning Obj: 2-1 Define business ethics and describe the three levels of ethical standards.
AACSB: Ethical Understanding and Reasoning

3) Which of the following is not a stakeholder for an organization?
A) Creditors
B) Employees
C) Suppliers
D) All of the above are stakeholders.
Answer: D
Diff: 1
Learning Obj: 2-1 Define business ethics and describe the three levels of ethical standards.
AACSB: Analytical Thinking

4) ________ is a branch of philosophy that studies and creates theories about the basic nature of
right and wrong, duty, obligation, and virtue.
A) Semantics
B) Ethics
C) Religion
D) History
Answer: B
Diff: 2
Learning Obj: 2-1 Define business ethics and describe the three levels of ethical standards.
AACSB: Ethical Understanding and Reasoning




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,5) ________ responsibility is how an organization responds to the needs of the many elements in
society.
A) Moral
B) Investor
C) Social
D) Ethical
Answer: C
Diff: 2
Learning Obj: 2-1 Define business ethics and describe the three levels of ethical standards.
AACSB: Ethical Understanding and Reasoning

6) ________ consists of the fundamental moral values and behavioral standards that form the
foundation for the people of an organization as they make decisions and interact with
stakeholders.
A) Business ethics
B) Social obligation
C) Mission
D) Vision
Answer: A
Diff: 2
Learning Obj: 2-1 Define business ethics and describe the three levels of ethical standards.
AACSB: Ethical Understanding and Reasoning

7) There are ________ levels of ethical standards.
A) 1
B) 2
C) 3
D) 4
Answer: C
Diff: 2
Learning Obj: 2-1 Define business ethics and describe the three levels of ethical standards.
AACSB: Ethical Understanding and Reasoning

8) ________ is/are the narrowest level of ethical standards.
A) The law
B) Organizational policies and procedures
C) Social responsibility
D) The moral stance
Answer: A
Diff: 2
Learning Obj: 2-1 Define business ethics and describe the three levels of ethical standards.
AACSB: Ethical Understanding and Reasoning




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, 9) The three parts of the triple bottom line are ________.
A) processes, profits, and people
B) profit, people, and planet
C) processes, profit, and predominance
D) profit, processes, and planet
Answer: B
Diff: 2
Learning Obj: 2-1 Define business ethics and describe the three levels of ethical standards.
AACSB: Ethical Understanding and Reasoning

10) According to the KPMG's Integrity Survey, ________ percent of workers say that they
observed ethical lapses in their companies within the last year.
A) 28
B) 57
C) 73
D) 81
Answer: C
Diff: 2
Learning Obj: 2-1 Define business ethics and describe the three levels of ethical standards.
AACSB: Ethical Understanding and Reasoning

11) ________ sets behavioral boundaries for decision makers.
A) The strategic plan
B) Strategy
C) Ethics
D) The financial plan
Answer: C
Diff: 2
Learning Obj: 2-1 Define business ethics and describe the three levels of ethical standards.
AACSB: Analytical Thinking

12) ________ sets behavioral boundaries for decision makers.
A) The strategic plan
B) Strategy
C) Social responsibility
D) The financial plan
Answer: C
Diff: 2
Learning Obj: 2-1 Define business ethics and describe the three levels of ethical standards.
AACSB: Analytical Thinking

13) Ethical behavior is doing what is "right."
Answer: TRUE
Diff: 1
Learning Obj: 2-1 Define business ethics and describe the three levels of ethical standards.
AACSB: Ethical Understanding and Reasoning

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Copyright © 2019 Pearson Education, Inc.