Managing Small Business Quick Revision

In the long run, ethical integrity will keep customers coming back to a business.

• True
• False

A set of guidelines for maintaining ethics in the workplace. 

• Code of Ethics
• Code of Conduct
• Integrity
• Code of Honor

A lawyer believes his client is guilty, but remains professional and represents his client. This is an example of which of the following?

• Moral behavior

• Unlawful behavior

• Ethical behavior

• Mannerly behavior

Which of the following should a person NOT do during an ethical decision-making process?

• Review the company’s code of ethics

• Study laws and regulations of an industry

• Consider stakeholders’ interests

• Make a choice based on company’s profits

What is a human resources function ?

• Responsible for communicating with clients

• Responsible for recruiting the right people with required skills

• Deals with giving out papers to CEO, managers etc

• Deals with the budgeting of the company

Management functions include

• Staffing
• Resourcing
• Organizing
• Controlling

It is a document which the borrower gives to the lending institution in exchange for the money he borrowed is called _______.

• gift certificate

• check

• collateral

• promissory note

The method of raising capital by selling company's stock to investors.

• Debt Financing

• Equity Financing

• Short Term Financing

• Long Term Financing

Which of the following is classed as a short-term source of finance?

• Trade Credit

• Venture Capital

• Personal Savings

• Retained Profit

The amount paid for insurance is the

• closing cost
• premium
• deductible
• assessed value