Business Ethics- Module 10, Special Professions Day 1

Module 10, Special Professions

Day 1

Objectives

• Identify ethical challenges relating to entrepreneurial start-ups

• Explain the influence of advertising on consumers

Multiple Choice

What percentage of venture-backed startups fail?

• 25%

• 60%

• 75%

• 50%

Multiple Choice

Max Weber characterized the private economy as which of the following?

• Appreciate the consequences of bureaucracy.

• The money economy is a presupposition of bureaucracy

• Bureaucracy is predominant

• Bureaucracy is a basic institution

Multiple Choice

Which of the following does an entrepreneur typically need to be willing to do to start a business?

• Select a product or service that will be sustainable

• Delegate the risk to start a company

• Self-finance the new company

• Hire a board of directors to manage the business

Multiple Choice

Which of the following best defines entrepreneurial culture?

• combination of dogmatic and detailed style

• combination of dedication and establishment

• combination of execution mindset and fraternity

• combination of management style and personality

Multiple Choice

Why do people buy products that are harmful to them?

• People have limited disposable income for discretionary buying.

• People tend to go against what advertisers tell them to buy.

• People desire these products even if they do not need them

• People inherently seek out products that may be harmful.

Multiple Choice

Consumer responsibility is diminished if advertising is directed toward children.

• True

• False

Multiple Choice

All start-up companies must maintain the same product/service, approach, and team to be successful.

• True

• False