According to Exhibit 2.1 "Ethical Business Leader's Decision Tree", which of the following is the first question managers should ask themselves when determining whether a proposed action is ethical?
a. Whether it will result in a loss of profits
b. Whether stockholders would approve
c. Whether the CEO would approve
d. Whether it is legal
d
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A group of college graduates decide to start a business. Though they are knowledgeable in various business domains, they are unable to arrive at a valuable business idea. They decide to search for ideas in a structured manner
They meet together and start discussing everyone's ideas. Each idea is recorded and then the thoughts that come up in relation to the ideas are written down and discussed. This process helps them to finalize a business plan. What technique is used here? A) morphological analysis B) forced relationship analysis C) reverse assumption analysis D) attribute listing E) mind mapping
For computing diluted earnings per share, a potentially dilutive security would be:
a. stock options. b. bonds payable. c. treasury stock. d. common stock that has been authorized, but not issued.
Which of the following are NOT common managerial difficulties mentioned in the book?
a. Communicating the change too strongly b. Seeing transitions as a cost rather than an investment c. They become overconfident d. They assume that they have the power and rationale to enact the change
Caleb Brown has been the sole owner of a bicycle sales and repair shop for several years. Which of the following business types would limit Caleb's personal liability exposure to the entity's debts?
A) partnership B) limited-liability company C) sole proprietorship D) limited-liability partnership