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Local Opportunities, Global Entrepreneurship, Ethics, and Social Responsibilities

Total questions: 39

Worksheet time: 39mins

Name
Class
Date
1.

Chamber of Commerce

a)

Business network that aims to further the interest of business

b)

Helps people find local businesses and makes sure that businesses, charities or other organizations are trustworthy and authentic

c)

An area in which policies encourage economic growth and development

d)

A US Government agency that provides assistance to small businesses

2.

Better Business Bureau

a)

Business network that aims to further the interest of business

b)

Helps people find local businesses and makes sure that businesses, charities or other organizations are trustworthy and authentic

c)

An area in which policies encourage economic growth and development

d)

A US Government agency that provides assistance to small businesses

3.

Enterprise Zone

a)

Business network that aims to further the interest of business

b)

Helps people find local businesses and makes sure that businesses, charities or other organizations are trustworthy and authentic

c)

An area in which policies encourage economic growth and development

d)

A US Government agency that provides assistance to small businesses

4.

Small Business Administration

a)

Business network that aims to further the interest of business

b)

Helps people find local businesses and makes sure that businesses, charities or other organizations are trustworthy and authentic

c)

An area in which policies encourage economic growth and development

d)

A US Government agency that provides assistance to small businesses

5.

Service Clubs

a)

An organization that promotes fellowship among its members and is devoted to volunteer community service

b)

Helps to enhance the participation of small businesses

c)

A person who gives to the community through free business advice and education to entrepreneurs

6.

State Websites

a)

An organization that promotes fellowship among its members and is devoted to volunteer community service

b)

Helps to enhance the participation of small businesses

c)

A person who gives to the community through free business advice and education to entrepreneurs

7.

SCORE

a)

An organization that promotes fellowship among its members and is devoted to volunteer community service

b)

Helps to enhance the participation of small businesses

c)

A person who gives to the community through free business advice and education to entrepreneurs

8.

What are 3 reasons small businesses are important to a local economy?

a)

They create American-made products

b)

Buying local saves on transportation costs

c)

They create local jobs

d)

They allow for Russian bots to hack the Pentagon

e)

نحن نحب إسرائيل

9.

Cultural Differences

a)

Cultural beliefs, customs, and social behaviors often differ from those in the United States

b)

Not everyone speaks the same language, so use resources to help overcome that barrier

c)

The rate at which one currency can be converted to another

d)

The US Department of Commerce can help entrepreneurs get the proper types of these for their specific types of foreign business

10.

Communication

a)

Cultural beliefs, customs, and social behaviors often differ from those in the United States

b)

Not everyone speaks the same language, so use resources to help overcome that barrier

c)

The rate at which one currency can be converted to another

d)

The US Department of Commerce can help entrepreneurs get the proper types of these for their specific types of foreign business

11.

Exchange Rates

a)

Cultural beliefs, customs, and social behaviors often differ from those in the United States

b)

Not everyone speaks the same language, so use resources to help overcome that barrier

c)

The rate at which one currency can be converted to another

d)

The US Department of Commerce can help entrepreneurs get the proper types of these for their specific types of foreign business

12.

Legal Documents

a)

Cultural beliefs, customs, and social behaviors often differ from those in the United States

b)

Not everyone speaks the same language, so use resources to help overcome that barrier

c)

The rate at which one currency can be converted to another

d)

The US Department of Commerce can help entrepreneurs get the proper types of these for their specific types of foreign business

13.

Logistics

a)

Planning and managing the flow of goods, services, and people to a destination

b)

Specific laws that apply when doing business in the US and in foreign countries

c)

Shipping products made in one country out to another country for future sale

d)

Bringing products made in one country into another country for future sale

14.

Labor Laws

a)

Planning and managing the flow of goods, services, and people to a destination

b)

Specific laws that apply when doing business in the US and in foreign countries

c)

Shipping products made in one country out to another country for future sale

d)

Bringing products made in one country into another country for future sale

15.

Exporting

a)

Planning and managing the flow of goods, services, and people to a destination

b)

Specific laws that apply when doing business in the US and in foreign countries

c)

Shipping products made in one country out to another country for future sale

d)

Bringing products made in one country into another country for future sale

16.

Importing

a)

Planning and managing the flow of goods, services, and people to a destination

b)

Specific laws that apply when doing business in the US and in foreign countries

c)

Shipping products made in one country out to another country for future sale

d)

Bringing products made in one country into another country for future sale

17.

Licensing

a)

When a business sells the right to manufacture its products or use its trademark

b)

A partnership in which two or more companies from more than one country work together for a specific business purpose

c)

Governmental regulations that restrict trade with other countries

d)

Tax on imported goods

18.

International Joint Venture

a)

When a business sells the right to manufacture its products or use its trademark

b)

A partnership in which two or more companies from more than one country work together for a specific business purpose

c)

Governmental regulations that restrict trade with other countries

d)

Tax on imported goods

19.

Trade Barriers

a)

When a business sells the right to manufacture its products or use its trademark

b)

A partnership in which two or more companies from more than one country work together for a specific business purpose

c)

Governmental regulations that restrict trade with other countries

d)

Tax on imported goods

20.

Tariff

a)

When a business sells the right to manufacture its products or use its trademark

b)

A partnership in which two or more companies from more than one country work together for a specific business purpose

c)

Governmental regulations that restrict trade with other countries

d)

Tax on imported goods

21.

WTO

a)

Formed in 1995 to reduce trade barriers around the world

b)

Removed all tariffs between Canada, Mexico, and the United States

22.

NAFTA

a)

Formed in 1995 to reduce trade barriers around the world

b)

Removed all tariffs between Canada, Mexico, and the United States

23.

What are 2 ways to start a business in another country?

a)

Create a new business

b)

Buy a franchise

c)

Move there

d)

Sell your company to locals

24.

Ethics

a)

Rules of behavior based on ideas about what is right and wrong

b)

Provides general principles or values, often social or moral, that guide the organization

c)

Lists the acceptable behavior for specific business situations

d)

Information a company wishes to keep private

25.

Code of Ethics

a)

Rules of behavior based on ideas about what is right and wrong

b)

Provides general principles or values, often social or moral, that guide the organization

c)

Lists the acceptable behavior for specific business situations

d)

Information a company wishes to keep private

26.

Code of Conduct

a)

Rules of behavior based on ideas about what is right and wrong

b)

Provides general principles or values, often social or moral, that guide the organization

c)

Lists the acceptable behavior for specific business situations

d)

Information a company wishes to keep private

27.

Proprietary Information

a)

Rules of behavior based on ideas about what is right and wrong

b)

Provides general principles or values, often social or moral, that guide the organization

c)

Lists the acceptable behavior for specific business situations

d)

Information a company wishes to keep private

28.

Confidentiality Agreement

a)

States that the employee will not share any company information with outsiders

b)

Exists when an employee has competing interests and loyalties

c)

An amount of money given to someone in return for providing help in a business deal

d)

When employees use private company information to purchase company stock or other securities for personal gain

29.

Conflict of Interest

a)

States that the employee will not share any company information with outsiders

b)

Exists when an employee has competing interests and loyalties

c)

An amount of money given to someone in return for providing help in a business deal

d)

When employees use private company information to purchase company stock or other securities for personal gain

30.

Kickback

a)

States that the employee will not share any company information with outsiders

b)

Exists when an employee has competing interests and loyalties

c)

An amount of money given to someone in return for providing help in a business deal

d)

When employees use private company information to purchase company stock or other securities for personal gain

31.

Insider Trading

a)

States that the employee will not share any company information with outsiders

b)

Exists when an employee has competing interests and loyalties

c)

An amount of money given to someone in return for providing help in a business deal

d)

When employees use private company information to purchase company stock or other securities for personal gain

32.

Plagiarism

a)

Using another’s words without giving credit to the person who wrote them

b)

Copyrighted software that is available free of charge on a trial basis

c)

Software available at no cost and can be used at any time

d)

A mass email sent to individuals who did not give a company permission to email them

33.

Shareware

a)

Using another’s words without giving credit to the person who wrote them

b)

Copyrighted software that is available free of charge on a trial basis

c)

Software available at no cost and can be used at any time

d)

A mass email sent to individuals who did not give a company permission to email them

34.

Freeware

a)

Using another’s words without giving credit to the person who wrote them

b)

Copyrighted software that is available free of charge on a trial basis

c)

Software available at no cost and can be used at any time

d)

A mass email sent to individuals who did not give a company permission to email them

35.

Spam

a)

Using another’s words without giving credit to the person who wrote them

b)

Copyrighted software that is available free of charge on a trial basis

c)

Software available at no cost and can be used at any time

d)

A mass email sent to individuals who did not give a company permission to email them

36.

Socially Responsible

a)

Behaving with sensitivity to social, economic, and environmental issues

b)

The actions of a business to further social good

c)

The advantage a business has due to reputation; it cannot be bought

d)

Prompting the welfare of others

37.

Corporate Social Responsibility

a)

Behaving with sensitivity to social, economic, and environmental issues

b)

The actions of a business to further social good

c)

The advantage a business has due to reputation; it cannot be bought

d)

Prompting the welfare of others

38.

Goodwill

a)

Behaving with sensitivity to social, economic, and environmental issues

b)

The actions of a business to further social good

c)

The advantage a business has due to reputation; it cannot be bought

d)

Prompting the welfare of others

39.

Philanthropy

a)

Behaving with sensitivity to social, economic, and environmental issues

b)

The actions of a business to further social good

c)

The advantage a business has due to reputation; it cannot be bought

d)

Prompting the welfare of others