Vocab
Define Nepotism
Showing favoritism toards friends or family.
What is ethics?
True or false. There is a section in every business plan called the applicance section.
FALSE!
What does SBA stand for?
What is a way that a business can show environmental responsibility?
Recyle, reuse resources, properly dispose of waste, use renewable resources, uses environmentally safe products.
Define espionage.
Obtaining secret or confidential information from others.
What is business ethics?
Applications of the principles of right or wrong that come up in the workplace.
Name 2 sections of the business plan.
Where can you go to get valuable advice and counseling help for your business plan?
SBA
What is a way that businesses can show social responsibilities to suppliers?
Give them a chance to fix mistakes
Give them notice if you change suppliers
Pay your invoices on time
Respect
Define commingling
Mixing money from business and personal accounts.
What is the purpose of a code of ethics?
To create and communicate clear guidelines for yourself and the people that work for you regarding ethical beliefs, moral choices and behavior in general.
What is the definition of a resume?
A document that lists the skillsm education, and work experience of teh entreprenuer or leadership persons.
What are organizations made up of professionals who are in your same field or industry?
TRADE ASSOCIATIONS
Why is it important to give suppliers plenty of notice if you are going to change suppliers?
Because they depend on your business for finances!!! You are in their budget.
Define discrimination and give an example.
Any aspect of a job where people are treated differently including a variety of aspects such as
Gender, race/color, sexual orientation, disability, relisgion, age, etc.
List 3 traits of people with high codes of ethics.
Reliability, dedication, productivity, cooperation, integrity, honesty, trustworthiness....
Name two common mistakes entreprenuers make when writing a business plan.
Unrealistic financial projections, not identifying competition, failure to properly identify your target market.
What is the EPA and what year was it created.
Environmental protection agency, 1970
What are 3 ways you can show responsibility to your community as a business owner?
Contribute money, donate products or services, get involved by volunteering.
Define breach in data privacy.
When private info, such as names, birthdates, ss numbers, financial information etc is compromised.
What are at least 3 things will increase your chances of getting a loan from the bank?
Well laid out business plan
Demonstration of your research
Dressed professionally
Worked with SBA
Professional behavior and actions in meeting
What is a statement of purpose?
It is a statement that tells how much money you need and what you plan to do with it.
Your________are your most important asset. You will need to treat them with _________ or they will no longer _______ your product or use your service.
customers, respect, buy.
Environment, customers, suppliers, investors, givernment, community.