Business Ethics Ch.9
True or false? Business insurance is relatively recent offering.
False
True or false? Children are discerning viewers of television advertising.
False
True or false? Employer-sponsored wellness programs have no downsides for employees.
False
True or false? Entrepreneurs are usually motivated by the teamwork spirit.
False
What characteristic is common to most entrepreneurs?
A drive, highly competitive nature
A job setting in which an employee gym and a snack bar featuring healthy foods and beverages were perks would benefit which of these groups?
A. the owners/managers B. the customers or clients of the firm. C. the employees D. ALL OF THE ABOVE
True or false? Most European countries have multiplayer health care systems like the United States.
False
True or false? The phrase caveat emptor means the seller is principally responsible for purchase decisions, not the buyer
False
True or false? Even rational adults often fail to cast a suspicious eye to sophisticated ad pitches and end up making frivolous purchases.
True
True or false? Insurance coverage offers a benefit we hope never to claim.
True
entrepreneur
a business leader willing to take on the risk of starting a new company and offering a product or service in the hope of a profit
redlining
a discriminatory (and usually illegal) insurance practice of denying certain coverages in specific neighborhoods or selling them there at a higher price
single-payer health care system
a means of providing health care in which state or national tax revenues would pay for citizens' medical care, with the government being the sole payer
multipayer health care system
a means of providing health care in which the patient and others such as an employer and a private health insurance company all pay for the patient's care
universal health care system
a means of providing health care to all, funded through taxes and overseen by the central or federal government
copayment
a partial charge for covered care negotiated by the provider and the employer and paid by the employee
claim
a request to an insurance carrier for monetary compensation for a loss sustained by a customer
psychological appeal
advertising intended to bolster consumers' self-esteem if certain products or services are purchased
subliminal advertising
appeals including words and images that reach us at a level below our consciousness
advertising
commercial messages urging the purchase of new or improved products or services that reach us in every medium: print, online, digital, television, radio, and outdoor
wellness programs
employer initiatives that stress healthy eating, exercise, weight management, smoking cessation, and other efforts, to sustain employees' health and reduce health care costs
One danger a growing start-up can face is _______.
encroaching bureaucracy
Psychological appeals succeed when they _______.
make consumers feel better about themselves
Affordable Care Act (ACA)
the Patient Protection and Affordable Care Act of 2010, often known as the Affordable Care Act or simply "Obamacare," a comprehensive federal health care management system
deductible
the annual portion of health care costs the patient must assume before full insurance coverage applies
entrepreneurial culture
the combination of personality and management style with which entrepreneurs shape the initial business practices and ethical environment of their firm
premiums
the fees customers pay for different forms of coverage
Corporate culture comes from ________.
the founder's idea of what the work environment should be like
In the European tradition, the main responsibly for supplying workers with health care lies with which of these groups?
the government and labor unions
