Ethics in Business
Provides legal protection for those who report corporate misconduct.
What is the Sarbanes-Oxley Act?
A tax levied on a product entering a country.
What are Tariffs?
When management and directors of a firm disapprove of a merger.
What is a hostile takeover?
Created by Congress in 1953 to assist, counsel, and protect the interest of small businesses in the US.
What is the Small Business Association?
Establishing organizational goals and deciding how to accomplish them.
What is planning?
Informing the government or press about unethical practices within an organization.
What is Whistle-blowing?
A limit on the amount of a particular product being imported.
What is an import quota?
A merger of companies that sell similar products.
What is a horizontal merger?
A group of more than 10,000 retired and active business people who volunteer their services to small business owners.
What is the Service Core of Retired Executives (SCORE)?
The grouping of resources and activities to accomplish some end result in an efficient and effective manner.
What is organizing?
A written guide to acceptable and ethical behavior as defined by an organization.
What is a Code of Ethics?
A complete halt of trading with a particular nation or of a particular product.
What is an embargo?
A merger between firms that operate at different but related levels in production and marketing.
What is vertical merger?
Groups of senior and graduate students in business administration who provide management counseling to small businesses.
What is the Small Business Institute?
The process of influencing people to work toward a common goal.
What is leading?
Personal knowledge, values, and goals.
What are Individual Factors Affecting Ethics?
Restriction on the amount of a particular currency that can be bought or sold.
What is exchange control?
A merger that takes place between firms in completely different industries.
What is a conglomerate merger?
University-based groups that provide individual counseling and practical training to owners of small businesses.
What are small business development centers?
Providing reasons for people to work towards the best interest of the organization.
What is motivating?
Cultural norms, actions and decisions of co-workers, personal attitudes.
What are social factors affecting ethics?
Exporting a large quantity of a product at a lower price than the home country.
What is dumping?
The combining of two businesses to form one business.
What is a merger?
Loans made by banks that are guaranteed by the agency for up to 90% of the loan value.
What are SBA loans?
The process of evaluating and regulating ongoing activities to ensure that goals are achieved.
What is controlling?