1Which of the following forms of business organization is a partnership established for a specific project or for a limited time?

ACo-op

BLimited liability company

CSole proprietorship

DJoint venture

EPartnership

2A supplier of a component part has offered Karen's family a free two-week cruise if his firm gets a very large order from Karen's company. The most ethical course of action for Karen to take would be to:

Acall the police

Bpolitely turn it down and discuss the offer with her boss.

Cask around and see how her boss handled such offers previously.

Daccept it if the part in question meets quality standards.

Eaccept the offer.

3If a corporate manager makes a decision that results in personal financial benefit while the company's owners lose financially, this is an ethical issue related to:

Acommunication problems.

Bdishonesty

Cconflicts of interest.

Dinequality

Eillegal actions.

4If a business is to be successful in the long run, it must treat its customers, employees, and community with social:

Ainterests

Bagendas

Cintegrity

Dresponsibility

Einsight

5In Canada, the main advantage of incorporating federally is:

Ait is the least costly form of business organization.

Bthe ease of access to government grants.

Cthe ability to operate anywhere in Canada and to use the same company name.

Dyour organization does not have to make public their financial statements.

Ethe ease of access to private venture capital funds.

6Ethical decisions in an organization are influenced by three key factors: individual moral standards, the influence of managers and co-workers, and the opportunity to engage in misconduct.

True False

7Monopolistic competition exists when there is only one producer of a product in a given market. Ture False 8Bullying may create what some may call a hostile environment and has similar legal recourse to that of sexual harassment. True False