WorksheetsCh 5 Managing Risk
Total questions: 23
Worksheet time: 12mins
Writing a code of ethics will help a business to
attract quality employees
avoid legal problems
enhance its reputation
all of the above
Which of the following is not considered a universal value?
competition
obeying the law
responsible behavior
generosity
A practical reason for following business ethics is to
protect intellectual property
encourage fair use
avoid copyright infringement
motivate employees
When a musical work is created, it is protected by a
trademark
patent
copyright
none of the above
A device or process can be protected by a
patent
trademark
copyright
all of the above
A brand name can be legally protected by a
patent
copyright
trademark
all of the above
A retailer who receives gifts from one of his suppliers runs the risk of a
conflict of interest
property infringement
confidentiality infringement
social media interaction
A code of ethics describes a business's moral philosophy when it reflects
fair use
protection of confidentiality
universal values
environmental responsibility
When transparency is practiced in a business
employees know how their retirement fund is being invested
the fair use doctrine is in effect
intellectual property is protected
none of the above
An executive summary is a one- or two-page report describing
the type of business and the type of ownership
company description
business plan financials
the business plan's highlights
Which of the following is one of "The Three C's" of a business plan?
cash
competition
concept
cooperation
Which of the following is not one of "The Three C's" of a business plan?
capital
challenge
customer
concept
A musical work should be patented to protect it from being copied.
T
F
A patent is a symbol that indicates that a brand name is legally protected.
T
F
Copyright includes works published on the internet
T
F
Intellectual property refers to patented inventions
T
F
A conflict of interest exists when personal considerations and professional obligations interfere with each other.
T
F
If a patented invention is used in a new product, the inventor must be compensated unless the invention has the status of public domain
T
F
Some creative works have the status of fair use, which means that their copyright has expired.
T
F
Confidentiality can be an ethical concern for entrepreneurs.
T
F
A blog is an example of social media.
T
F
One of "The Three C's" in a business plan is Challenge.
T
F
An executive summary is a separate report that contains highlights of a business plan.
T
F
