Business Management II 4.02-4.04 Review

To reduce the risks associated with noncompliance, a business should continuously monitor

• competitors’ activities

• government regulations

• judicial opinions

• social etiquette

ABC Corporation makes its employees sign a noncompete agreement. This agreement states that employees who leave the company are restricted from working for a competitor for two years. The purpose of this agreement is to make sure that competitors are unable to obtain ABC Corporation's trade secrets. What type of information is ABC Corporation protecting?

• business

• employee

• management

• technology

Which risk might result from ethical misconduct?

• decreased company value

• decreased whistle-blowing

• increased positive publicity

• increased employee support of the company

To reduce the risk of future legal problems, a company might require its business partners to sign a formal

• contract

• invoice

• premium

• warrant

During a staff meeting, the company's president states, "Samari Enterprises experienced a three percent increase during the first quarter and a five percent increase during the second quarter of this fiscal year." What type of information is the president providing?

• raw data

• tacit knowledge

• personal opinion

• explicit knowledge

Tim is the technology manager for the MSJ Company. He is responsible for backing up the computer system every evening to ensure the company has a copy of each day’s computer activities and transactions. On Tuesday evening, Tim was running late for a meeting and decided not to conduct the backup activities. Later that night, the computer system crashed and all of Tuesday’s computer data was lost. By apologizing to his boss for making a poor decision and offering to work extra hours to help fix the problem, Tim was:

• blaming others for the consequences of his actions.

• promising not to make any mistakes in the future.

• accepting the consequences for the decisions he made.

• taking the time to make informed decisions.

A business can prevent its trade secrets from further disclosure to third parties by asking the court to issue a/an

• appeal.

• contract.

• injunction.

• warrant.

To reduce the risk of employees sharing trade secrets with industry rivals, businesses might require their employees to

• analyze annual financial reports.

• complete standard personnel forms.

• develop a mission statement.

• sign a nondisclosure agreement.

To reduce the risk of unauthorized access to confidential data, businesses use security software to protect their

• corporate policies.

• intercom systems.

• intranet systems.

• spam e-mail.

The business owner, Mrs. James, asked the manager, Jade, to create a report of all the security threats that the store has faced in the past and how the threats were handled. Which phase of the small-business security audit was she asking for?

• blocking physical intrusions, hackers, and viruses

• creating a control and intrusion protection plan

• defining all threats to protect email systems and networks

• learning from the past and considering future threats