IBT Final Review Chapters 4-8, 12, 28-29

Front

A conflict of interest is a conflict between self-interest and...

Back

professional obligation

Front

Some firms limit the damage they do to the environment by...

Back

any of the above

Front

Which statement is the most true?
- Whatever it takes to win is a good business practice
- All businesses have the same ethical standards
- Different businesses and industries have different ethical standards
- Bribery is considered an ethical practice in some U.S. companies but not in others

Back

Different businesses and industries have different ethical standards

Front

OSHA stands for...

Back

Occupational Safety and Health Administration

Front

Unethical treatment of employees includes all of the following except...
rewarding good employees with salary incentives, treating employees unfairly, inadequately compensating employees, establishing no maternity leave policy

Back

rewarding good employees with salary incentives

Front

The best example of a sustainable development would be...
Options:
developing a new way to burn coal
using recycled materials to build housing
manufacturing a new type of SUV
drilling for oil in the ocean

Back

using recycled materials to build housing

Front

The federal agency that enforces the laws that protect consumers from dangerous or falsely advertised products is known by the acronym...

Back

FDA

Front

Entrepreneurship is the process of...

Back

recognizing a business opportunity, using market research to determine if there is a market for a product or service, gathering the resources needed to go into business.

Front

All of the following are recommended traits for a career in entrepreneurship except being...

Back

cost-conscious

Front

A virtual business is a business that...

Back

operates on the internet