POB Term 1 week 8 Ethical Issues

Unethical means against the law

• true

• false

Is something is the right thing to do, it is ethical.

• True

• False

An ethical business will make sure that taxes are paid

• on time

• when they have enough profit to pay it

• whenever they want

• None of the above

An entrepreneur is one who undertakes the risk of investment to create and market a good or service for ________

• finanicla losses

• financial gains

• fame

• respect

Which of the following is NOT a role of an entrepreneur?

• Conceptualising

• Risk bearing

• Planning Accessing funds or financing

• Mitigation Tactics

Which of the following are not traits of entrepreneurs?

• The ability to ignore risks

• Creativity

• Goal Oriented

• Flexibility

Being your own boss is a motivator to opening a business?

• True

• False

The First Step in making a business is?

• Research

• Creating a Business plan

• Conseptualizing

• None of the above

__________ are made daily, weekly and monthly by supervisors or persons in lower level management positions. These plans are centred on meeting daily, weekly and monthly production targets.

• Short term plans

• long term plans

• middle term plans

• None of the above

A business plan is a document briefly stating the goals of a business and the strategies to achieve these goals. This is done without too much detail

• True

• False