fun quiz

If the motivation for an individual is to win at any cost, fair play and ethics are most likely to:

• have far less influence over one's decisions than they should.

• be the most important influence in the decision-making processes.

• be the only factors influencing the decision-making processes.

• have equal influence over the decision process along with other motivators.

_____ is most likely to prevent someone from unknowingly making an ethical mistake when considering what to do in a situation with ethical overtones.

• Using an approach that one is most comfortable with

• Adopting an approach similar to that of a competitor's

• Taking a multifaceted approach

• Employing a single standard approach

Whose approach to ethics states that the aim of each person should be to perfect his or her inherent human nature, and if successful, become a person of virtue?

• J. Stewart Mill

• Aristotle

• Carnegie

• Kant

The approach of seeking to control the resources needed rather than owning them results in:

• less capital.

• less flexibility.

• increased risk.

• increased sunk costs.

When choosing a consultant, an entrepreneur should expect a short-term relationship as the consultant is a third party for the venture.

• TRUE

• FALSE

Consultants should not be employed by a startup to compensate for a lower level of professional experience in the team.

• FALSE

• TRUE

The best place to start in selecting an attorney is with acquaintances of the lead entrepreneur, of members of the management team, or of directors.

• TRUE

• FALSE

During the chaotic startup phase of a venture, entrepreneurs should outsource the legal aspects of decisions and agreements to an expert attorney.

• TRUE

• FALSE

The vast majority of successful entrepreneurs believe that high ethical standards and integrity are exceptionally important to long-term success.

• TRUE

• FALSE

In an attempt to connect with business managers in a way that reflects the real world, business ethicists talk of moderation, pragmatism, and minimalism.

• TRUE

• FALSE