OpenStax Business Ethics Test Bank
Chapter 9: Professions under the Microscope
Chapter 9: Professions under the Microscope
* = Correct answer
Multiple Choice/Fill in the Blank
1. Which of the following does an entrepreneur typically need to be willing to do to start a
business?
A. Delegate the risk to start a company.
B. Self-finance the new company.
C. Select a product or service that will be sustainable.*
D. Hire a board of directors to manage the business.
Difficulty: Moderate
Blooms: Remember
AACSB: Real-world
2. What percentage of venture-backed startups fail?
A. 25%
B. 50%
C. 60%
D. 75%*
Difficulty: Easy
Blooms: Understand
AACSB: Real-world
3. Which is the most significant ethical pitfall of entrepreneurship?
A. financing
B. hubris*
C. conflicts
D. modesty
Difficulty: Moderate
Blooms: Remember
AACSB: Real-world, Application
4. ________ began humbly in the garage of its founders?
A. Uber
B. Ben & Jerry’s
C. Hewlett-Packard*
D. Apple
Difficulty: Easy
Blooms: Remember
AACSB: Real-world
Page 1 of 12
, OpenStax Business Ethics Test Bank
Chapter 9: Professions under the Microscope
5. Max Weber characterized the private economy as which of the following?
A. Appreciate the consequences of bureaucracy.
B. A money economy is a presupposition of bureaucracy.*
C. Bureaucracy is predominant.
D. Bureaucracy is a basic institution.
Difficulty: Moderate
Blooms: Understand
AACSB: Application
6. Which of the following is not a problem that arises out of bureaucratization?
A. codified procedures
B. enhanced ethics*
C. internal obstruction
D. management layers
Difficulty: Easy
Blooms: Remember
AACSB: Real-world
7. How can a company be nimble?
A. have an intricate management structure
B. maintain the same risk levels
C. adapt to change and risk identification*
D. limit the flow of information
Difficulty: Moderate
Blooms: Understand
AACSB: Application
8. Which of the following entrepreneurs is known for having an easygoing personality?
A. Steve Jobs
B. Kerrie Laird*
C. Walt Disney
D. Travis Kalanick
Difficulty: Easy
Blooms: Remember
AACSB: Real-world
9. Which of the following best defines entrepreneurial culture?
A. combination of dogmatic and detailed style
B. combination of management style and personality*
C. combination of dedication and establishment
D. combination of execution mindset and fraternity
Page 2 of 12
Chapter 9: Professions under the Microscope
Chapter 9: Professions under the Microscope
* = Correct answer
Multiple Choice/Fill in the Blank
1. Which of the following does an entrepreneur typically need to be willing to do to start a
business?
A. Delegate the risk to start a company.
B. Self-finance the new company.
C. Select a product or service that will be sustainable.*
D. Hire a board of directors to manage the business.
Difficulty: Moderate
Blooms: Remember
AACSB: Real-world
2. What percentage of venture-backed startups fail?
A. 25%
B. 50%
C. 60%
D. 75%*
Difficulty: Easy
Blooms: Understand
AACSB: Real-world
3. Which is the most significant ethical pitfall of entrepreneurship?
A. financing
B. hubris*
C. conflicts
D. modesty
Difficulty: Moderate
Blooms: Remember
AACSB: Real-world, Application
4. ________ began humbly in the garage of its founders?
A. Uber
B. Ben & Jerry’s
C. Hewlett-Packard*
D. Apple
Difficulty: Easy
Blooms: Remember
AACSB: Real-world
Page 1 of 12
, OpenStax Business Ethics Test Bank
Chapter 9: Professions under the Microscope
5. Max Weber characterized the private economy as which of the following?
A. Appreciate the consequences of bureaucracy.
B. A money economy is a presupposition of bureaucracy.*
C. Bureaucracy is predominant.
D. Bureaucracy is a basic institution.
Difficulty: Moderate
Blooms: Understand
AACSB: Application
6. Which of the following is not a problem that arises out of bureaucratization?
A. codified procedures
B. enhanced ethics*
C. internal obstruction
D. management layers
Difficulty: Easy
Blooms: Remember
AACSB: Real-world
7. How can a company be nimble?
A. have an intricate management structure
B. maintain the same risk levels
C. adapt to change and risk identification*
D. limit the flow of information
Difficulty: Moderate
Blooms: Understand
AACSB: Application
8. Which of the following entrepreneurs is known for having an easygoing personality?
A. Steve Jobs
B. Kerrie Laird*
C. Walt Disney
D. Travis Kalanick
Difficulty: Easy
Blooms: Remember
AACSB: Real-world
9. Which of the following best defines entrepreneurial culture?
A. combination of dogmatic and detailed style
B. combination of management style and personality*
C. combination of dedication and establishment
D. combination of execution mindset and fraternity
Page 2 of 12
