Ethics
The application of moral standards to business situations
What are business ethics?
The most popular form of business ownership in the United States
Most organizations use one of these four kinds of resources when managing the business
What are Material, Human, Financial, or Informational?
This leadership style takes control of the situation and does not allow employees to participate in decision making
A stakeholder that may exert ethical pressures on the management of a business.
Who are Investors, Creditors, Customers, or Employees?
This disadvantage of being a Sole Proprietor holds the business owner personally responsible for all the debts of the business
What is unlimited liability?
The 4 Basic Management Functions
What are Planning, Organizing, Leading/Motivating, and Controlling?
This type of leader provides opportunities for employees to contribute to the decision making process
What is a conflict of interest?
A disadvantage of a partnership
What is Unlimited Liability, Management Disagreements, Lack of Continuity, or Frozen Investment?
An end result that an organization is expected to achieve over a one to ten year period
What is a goal?
This type of leader leaves employees alone to do their jobs
What is Laissez-Faire?
A written guide to acceptable ethical behavior within a company
What is a code of ethics?
A feature of corporate ownership that limits each owner's financial liability to the amount of money they have paid for the corporation's stock
What is Limited Liability?
Elements of a SWOT analysis
What are strengths, weaknesses, opportunities, and threats?
Another leadership style (besides Autocratic, Participative, or Laissez-Faire)
What is Transformational, Transactional, or Charismatic?
Employees with high personal ethics may take this controversial step which involves informing the press or government officials about unethical practices within an organization
What is whistle blowing?
A form of corporation that avoids the double taxation of both the corporation and the owner(s)
What are Identify the Problem, Generate Alternatives, Select an Alternative, and Evaluate the Solution?
The best leadership style according to experts
What is NONE?