A U.S. corporation's decision to reincorporate in Bermuda may be both legal and unethical.

Group of answer choices

True

False

Unethical behavior is always bad for corporate performance.

Group of answer choices

True

False

Stockholder proposals, even if they are supported by the majority vote of shareholders, are typically not binding on corporations.

Group of answer choices

True

False

"Whistleblowers" are individuals who

Group of answer choices

a.

help corporations develop codes of ethics.

b.

are rewarded by their employers for exceptionally ethical behavior.

c.

inform authorities about illegal behavior at their workplace.

d.

act as representatives of outside interests on a corporate board of directors.

e.

own an independent business and operate it themselves.

Apple Computers produced the world's first personal computer, yet they now sell far fewer computers than other firms such as Dell. This cycle of business success and failure is a process known as

Group of answer choices

a.

creative destruction.

b.

microbusiness.

c.

entrepreneurship.

d.

government regulation.

e.

intrapreneurship.

As a proportion of total national employment, the U.S. has a _______ small business sector than ________.

Group of answer choices

a.

larger; Canada.

b. larger;many Asian countries

c.

smaller;many Asian countries

d.

larger;many European countries

e.

smaller;many European countries

What is the main difference between a C corporation and an S corporation?

Group of answer choices

a.

A C corporation has double taxation of earnings and an S corporation doesn't.

b.

A C corporation has shareholders and an S corporation doesn't.

c.

A C corporation affords limited liability to its shareholders but an S corporation doesn't.

d.

A C corporation is limited in size and an S corporation isn't.

e.

A C corporation does not dilute ownership control and an S corporation does.