Entrepreneurship and Ethical Behavior Quiz

What are values?

• Moral principles that govern decisions and actions

• Shared beliefs of a specific culture

• The exclusive right to perform, display, copy, or distribute an artistic work

• Symbols that indicate legally protected brands

Why is ethical behavior important in the workplace?

• To prevent legal problems

• To motivate employees

• To gain customer confidence

• All of the above

What does transparency refer to in business?

• Openness and accountability in business decisions and actions

• The limited quotation of a copyrighted work without permission

• The exclusive right to make, use, or sell a device or process

• The balance of contrasting qualities in a code of ethics

What is a code of ethics?

• A business's moral philosophy and guidelines for carrying it out

• The exclusive right to perform, display, copy, or distribute an artistic work

• The limited quotation of a copyrighted work without permission

• The balance of contrasting qualities in a code of ethics

Why is it important for entrepreneurs to navigate ethical scenarios?

• To protect intellectual property

• To avoid conflicts of interest

• To respect confidentiality

• To keep the business on track

What is intellectual property?

• The exclusive right to perform, display, copy, or distribute an artistic work

• Shared beliefs of a specific culture

• Symbols that indicate legally protected brands

• The artistic and industrial creations of the mind

What is the exclusive right to make, use, or sell a device or process called?

• Copyright

• Trademark

• Patent

• Infringement

What is it called when personal considerations and professional obligations interfere with each other?

• Conflict of interest

• Transparency

• Fair use

• Public domain

What is a business plan?

• A statement of business goals and how to achieve them

• The balance of contrasting qualities in a code of ethics

• The limited quotation of a copyrighted work without permission

• The exclusive right to perform, display, copy, or distribute an artistic work

What are the three C's of a business plan?

• Concept, Customer, Capital

• Conflict of interest, Confidentiality, Copyright

• Code of ethics, Competition, Capital

• Concept, Conflict of interest, Capital