Ethics
Name the company in the video we watch which went bankrupt as a result of an accounting scandal.
Enron
Corporate Social Responsibility is concerned about the welfare of whom?
Society
Name the entrepreneur who started Microsoft
Bill Gates
A business that is independently owned and operated, does not dominate the market, and meets certain standards of size is considered what?
Small
What is one of the main drivers of businesses charging higher prices?
Inflation, Tariffs or the higher cost of oil
Society's accepted standards of moral behavior is the definition of which term?
Ethics
Name the bread company that has been removing preservatives; reducing fat, sugar, and sodium for a healthier product.
Panera
Name two reasons entrepreneurs start companies
Opportunity
Profit
Independence
Profit
Name three home-based businesses
Daycare, Lawn Services, Crafting, Tutoring, Gig-economy, Resale, Consulting
Where does CIVA receive its funding?
Taxes (specifically property taxes)
Edward Snowden who leaked highly classified National Security Agency documents to highlight abuses by the agency is an example of what?
Whistleblower
Companies have learned that treating this group well leads to higher profits
Employees
Someone who develops a new business idea on behalf of a company
Intrapreneur
Name three reasons small businesses fail
Plunging in without first testing the waters on a small scale.
Underpricing or overpricing goods or services.
Underestimating how much time it will take to build a market.
Starting with too little capital.
Starting with too much capital and being careless in its use.
Going into business with little or no experience and without first learning something about the industry or market.
Borrowing money without planning just how and when to pay it back.
Attempting to do too much business with too little capital.
Not allowing for setbacks and unexpected expenses.
Buying too much on credit.
Extending credit too freely.
Expanding credit too rapidly.
Failing to keep complete, accurate records, so that the owners drift into trouble without realizing it.
Carrying habits of personal extravagance into the business.
Not understanding business cycles.
Forgetting about taxes, insurance, and other costs of doing business.
Mistaking the freedom of being in business for oneself for the liberty to work or not, according to whim.
Nvidia manufactures computer chips specifically for which application?
Artificial Intelligence
Something that conforms to outside standards (laws and regulations) & chosen internal standards and enables responsible employee conduct are examples of what?
Integrity-based ethics codes
Name three of the four dimensions of corporate social responsibility
Corporate Philanthropy
Corporate Responsibility
Corporate Initiatives
Corporate Policy
Name three entrepreneurial attributes that are necessary to become a successful entrepreneur?
Self-directed
Self-nurturing
Action-oriented
Energetic
Tolerant of Uncertainty
Willing to fail
Private individuals who invest their own money in potentially hot new companies before they go public
Angel Investors
Which company paid a $17.1 Billion fine for the effect its social media platform(s) has on children?
Meta (parent company of Facebook and Instagram)
Identify the three questions that you should ask yourself if faced with an ethical dilemma
1. Is my proposed action legal
2. Is it balanced and/or fair?
3. How will I feel about myself?
Name three of the five watchdogs that monitor how well companies do to enforce their ethical and socially responsible efforts
Socially Conscious Investors
Socially Conscious Research Organizations
Environmentalists
Unions
Customers
Post-it Notes were accidentally invented within which company?
3M
Within 5%, what percentage of all non-farm businesses are considered small?
97%
What "fast-fashion" giant based in China bought Everlane - a sustainable fashion brand
Shien