Question: Refusing to pay a bribe even though it is a common practice in the country one is doing business in is an example of:

a.​cultural relativism

b.sustainability

c.​integrity

d.​social entrepreneurship

Answer: c.​integrity

Question: ​Successful entrepreneur Karl Eller noted the crucial role of ________ to achievement in business.

Answer: integrity

Question: ​Which of the following sectors is one where women-owned businesses are performing especially well?

a.​marketing

b.​healthcare

c.​financial services

d.​real estate

Answer: b.​healthcare

Question:

Answer: c.success.

Question: A SWOT analysis can be described best as

a.a means of assessing the firm’s industry situation.

b.an assessment of the internal strengths and weaknesses of the firm.

c.a concise overview of the firm’s strategic situation.

d.a dynamic analysis of the firm’s current situation.

Answer: b.a concise overview of the firm’s strategic situation.

Question: A Starbucks franchise located inside a Target store is called ______ franchising.

a.folded

b.piggyback

c.internalized

d.cooperative

Answer: b.piggyback

Question:

Answer: a.ethical imperialism

Question:

Answer: b.Looking into leasing a LEED certified space

Question: A band who fails to record the cash they collected for admission to their shows could be charged with what illegal practice?

a.tax evasion

b.skimming

c.cash diversion

d.payroll tax avoidance

Answer: b.skimming

Question: A benefit of strong family relationships is the greater willingness of family members to:

a.adopt new operating methods when needed.

b.sacrifice salaries and dividends when necessary.

c.emphasize short-run profits.

d.act generously in compensating nonfamily employees.

Answer: b.sacrifice salaries and dividends when necessary.