Vocab
Ethical Behavior
Parts Business Plan
Organizations and Laws
Social Responsibilites
100

Define Nepotism 

Showing favoritism toards friends or family. 

100

What is ethics?

The study of moral choices and values. 
100

True or false. There is a section in every business plan called the applicance section. 

FALSE!

100

What does SBA stand for?

Small Business ADMINISTRATION 
100

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. 

200

Define espionage. 

Obtaining secret or confidential information from others. 

200

What is business ethics?

Applications of the principles of right or wrong that come up in the workplace. 

200

Name 2 sections of the business plan. 

There are wild amount of ansers here. 
200

Where can you go to get valuable advice and counseling help for your business plan?

SBA

200

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

300

Define commingling 

Mixing money from business and personal accounts. 

300

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. 

300

What is the definition of a resume?

A document that lists the skillsm education, and work experience of teh entreprenuer or leadership persons. 

300

What are organizations made up of professionals who are in your same field or industry?

TRADE ASSOCIATIONS 

300

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. 

400

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. 

400

List 3 traits of people with high codes of ethics.

Reliability, dedication, productivity, cooperation, integrity, honesty, trustworthiness....

400

Name two common mistakes entreprenuers make when writing a business plan.

Unrealistic financial projections, not identifying competition, failure to properly identify your target market. 

400

What is the EPA and what year was it created. 

Environmental protection agency, 1970 

400

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. 

500

Define breach in data privacy. 

When private info, such as names, birthdates, ss numbers, financial information etc is compromised. 

500

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 

500

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. 

500

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. 

500
Who or what do business owners have a social responsiblity to? Name 4!!!

Environment, customers, suppliers, investors, givernment, community.