37) Ethical behavior at work is learned by: Atracking the failures of those who are caught in business scandals. Bobserving the actions of others. C) attending corporate responsibility seminars. D) reading about why others were fired from the job. 38) A(n) increasing control and penalizing wrongdoers. -based ethics code emphasizes the prevention of unlawful behavior by A) compliance C) corporate responsibility 39) Which of the following terms describes someone who reports illegal or unethical behavior? A) whistleblower C) integrity watchdog A) licensing. C) outsourcing. B) integrity D) legal 40) Granting a foreign company the right to manufacture your product or to use your firm's trademark in return for a fee is called: 41) The B) watch tower sentinel D) horn blower A) partnership C) joint venture B) joint venture. D) foreign subsidiary. is the most common form of business ownership. B) sole proprietorship D) corporation 42) One of the major disadvantages of a sole proprietorship is the: A) high cost of starting or ending the company. B) unlimited liability the owner has for the debts of the firm. C) fact that any income earned by this type of business is taxed twice. D) possibility of disagreements between owners. 43) Unlimited liability means: A) you are liable for whatever advertising promises your firm makes. 37) 38) B) when you own your own business you are responsible for all the business debts. C) as a franchisee your franchisor is responsible for the debts of the franchise. D) you are only liable for the money you invest in the business. 44) A partner (owner) who invests money in a business does not take an active role in managing the operation, and is only subject to losing the funds he/she invested. A) corporate partner. imited partner. B) partial partner. D) implied partner. 39) - 40) 41